Brown University News Bureau

The Brown University News Bureau

1996-1997 index

Distributed February 15, 1997
Contact: Mark Nickel

Chancellor Way steps down

Corporation elects Joukowsky and Robert as chancellor, vice chancellor

Following the resignation of Chancellor Alva O. Way, the Brown Corporation elected Artemis A. W. Joukowsky as chancellor. Joukowsky will serve through June 30, 1998. Stephen Robert was elected vice chancellor and named chancellor-designate. He will succeed Joukowsky in 1998. Both appointments took effect immediately.

PROVIDENCE, R.I. -- At the regular winter meeting today (Saturday, Feb. 15, 1997) of the Corporation of Brown University, Chancellor Alva O. Way announced his decision to step down in order to prepare the way for a new generation of leaders.

"As you know, we have begun the search for the 17th president of Brown, who will have the daunting task of succeeding Vartan Gregorian and all he has meant to the University," Way told the Corporation. "I have decided that it is my duty to step down now and to begin to prepare this Corporation for a new generation of leaders at the top of both the board and the University. ... We need to place our transition as a governing board ahead of the search, not behind it."

Following Way's announcement, the Corporation elected Artemis A. W. Joukowsky as the University's new chancellor. Joukowsky, vice chancellor, trustee and contemporary of Way during more than a decade of service to the University and the Corporation, endorsed Way's call for a new generation of leaders, announcing his intention to serve only through June 30, 1998. The Corporation then elected Stephen Robert, a fellow and former trustee, as vice-chancellor and named him chancellor-designate to succeed Joukowsky in 1998. The appointments of Joukowsky and Robert took effect immediately.

As the University's chancellor, Way initiated the process of selecting a successor to President Gregorian. He will continue with that responsibility as chair of the Corporation's Presidential Selection Committee.

Way, a trustee and former fellow, received his Bachelor of Arts degree from Brown in 1951 and an honorary Doctor of Laws in 1991. He was elected chancellor in 1988. After he announced his resignation today, the Corporation elected Way to the Board of Fellows and expressed unanimous congratulation and gratitude for his nearly nine-year tenure.

"Many of the accomplishments attributed to me over these nine years are really the work of Chancellor Al Way," President Gregorian said to the Corporation. "He has been a mentor, friend, leader and confidante. All of us at Brown owe him an enormous debt."

Artemis A. W. Joukowsky

Joukowsky, a Brown trustee since 1985, was elected vice chancellor of the University in 1988. He received his Bachelor of Arts degree from Brown in 1955 and was awarded an honorary LL.D. degree in 1985 with his wife Martha, an associate professor of archaeology and art at Brown. Joukowsky was a senior executive of the American International Group for 30 years, serving in New York, Milan, Beirut and Hong Kong. He was deputy director for Europe, regional director for the Middle East and Southeast Asia, and president of the Special World Markets Division until 1987. At Brown, Joukowsky has been deeply involved in a number of areas, including the library, athletics, facilities and design, and presidential and other searches. He served as national campaign chair for Brown's largest and most successful fund-raising effort, the Campaign for the Rising Generation, which raised $534 million.

Stephen Robert

Robert, chairman of the board and co-CEO of Oppenheimer & Co. in New York, was elected to the Corporation's Board of Fellows in 1994 after serving on the Board of Trustees (1984-90 and 1991-94). He received his Bachelor of Arts degree from Brown in 1962 and did postgraduate work at the London School of Economics and Columbia School of Business. He began his career on Wall Street at Faulkner, Dawkins & Sullivan and joined Oppenheimer in 1968 as a portfolio manager of the Oppenheimer Fund. Robert became a partner in 1970 and a member of the executive committee and director of research in 1977. In 1979 he became president, assuming his current titles in 1983. He led a management team that returned Oppenheimer to private ownership in March 1986.