Partners (Fall 1997)
Partners (Fall 1997)
A Chairman on Board
- Hugh Brown
By Keenan Conigland
s chairman of the Board of Directors of the Federal Reserve Bank of Atlanta, Hugh Brown not only endorses the Bank's Vision Statement — he practices it.In part, the statement reads "we will exemplify the highest ideals of integrity and accountability that merit the public's confidence and trust." One of the surest ways to earn "the public's confidence and trust" is to establish a track record of working in the community. Like other Fed directors, Chairman Brown leads by example in the community. His civic interests are varied and many. Yet, he quickly and readily admits that education ranks at the very top of his civic list.
"My philosophy is that if you can convince a child that he or she can overcome low-to-moderate circumstances, they might feel motivated to do well academically and later, professionally. This is entirely workable for our young people. I am a product of this very approach."
"Through organizations such as the Florida Education Commission and Business-Education Partnership, my approach has been to expose our young people to career choices and then introduce them to the body of knowledge they will need in order to pursue those fields," Brown says.
Brown knows first hand what it takes to excel in today's fast-paced business world. After graduating with a Bachelor of Science degree in mathematics and industrial technology from Central State University in Ohio, he went on to do graduate work towards his MBA at the American Graduate University in California.
Mr. Brown has an exceptional professional track record. He spent six years in Europe as a senior field engineer for ITT Corporation where he played a major role in the installation, operations, and maintenance of the European Troposheric Scatter Communications System for the North Atlantic Treaty Organization. Such training came in handy when he decided to venture out on his own. His firm, BAMSI, Inc., an engineering and technical services company based in Titusville, Florida, generates some $70 million in annual revenues.
The Chairman credits his success to education: hence, his diligence as an ambassador for higher learning. "I spend quite a bit of time speaking with youngsters about the importance of sharpening their minds and preparing themselves for the future," notes Brown, a native of Florida.
Mr. Brown has been frequently honored for his achievements in business and education. In 1996, he received the Entrepreneur Excellence Award from the Jim Moran Institute at Florida State University. Currently, he serves as chairman of the board of supervisors of the Spaceport Florida Authority, and is a member of the board of directors of Enterprise Florida. He is a frequent speaker at schools and universities across the state of Florida. "The fruits of our efforts may not be readily apparent today, but I am more than confident that the push for education will pay handsome dividends for our communities," he says regarding his civic work.
Mr. Brown was appointed to the Atlanta Federal Reserve Board in January 1992 and became its chairman in 1996. Prior to his appointment, he served as vice chair. His term expires at the end of this year.
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