Press Releases


Contact: Anne H. Wein
Council for Entrepreneurial Development
awein@cednc.org

919-549-7500 ext.119
Mobile: 434-825-8314
www.cednc.org

CED Inaugurates New Chairman
Steve Nelson and Elects New Board

Les Bethune Named Chairman-Elect

June 25, 2002, Research Triangle Park, NC - At its recent board of directors meeting, the Council for Entrepreneurial Development (CED) elected its new 2002-2003 board of directors to lead the organization through its next year of operations, and named Les Bethune, a partner with Ernst & Young LLP, as chairman-elect for 2003-2004. Previously, at its Entrepreneurial Excellence Awards on June 18, the group inaugurated its chairman for 2002-2003, Steve Nelson, a partner with the Wakefield Group.

"We're very pleased about the strong cross-section of North Carolina's business community that our board represents," said Monica Doss, CED president. "And Steve's exceptional vision, quality standards, and results-oriented approach make him the perfect person to lead us at this new juncture."

"In association with our Innovation to Impact five-year strategic initiative, Steve recently led CED in raising more than $3.5 million through our most successful funding campaign to date - exceeding our goal by more than 15% and all during one of the most difficult fundraising environments this community has ever seen," continued Doss. "He must either be exceptionally committed to the cause of high growth entrepreneurship or a glutton for punishment for taking on this new role. Either way, CED and area entrepreneurs win."

Nelson takes the helm for the first phase of CED's Innovation to Impact five-year undertaking, intended to further improve the climate for high growth entrepreneurs throughout the Triangle and the state. He succeeds celebrated entrepreneur Kip Frey, formerly CEO of OpenSite Technologies and currently a limited partner at Intersouth Partners; and precedes Bethune who will take over the reins in June 2003.

In addition, the new members of the board of directors include:

Susan K. Acker
  Blue292, Inc.
Chris M. Austen
  Southeast Interactive Technology Funds
Stuart Frantz
  Franklin Street Partners, Inc.
O. Gene Gabbard
Brent J. Keating
  RBC Centura Bank
Rich Lee
  Springboard Managed Hosting
Robert E. Mallernee
  U.S. Trust Company Of North Carolina
Joel S. Marcus
  Alexandria Real Estate Equities, Inc.
Brad S. Markoff
  Alston & Bird LLP
Jill Martin
  PricewaterhouseCoopers LLP

Chris Matton
  Kilpatrick Stockton LLP
Steven E. Miller
  Cherry, Bekaert & Holland, L.L.P.
Allen S. Moseley
  Noro-Moseley Partners
Bob G. Mulligan
  Aon
Beverly R. Murray
  r+m creative
Andrew Rico
  Silicon Valley Bank
C. Douglass Riddle
  Wachovia Bank, NA
Brenda N. Seligmann
  Bank Of America
Pam Temple
  Cingular Wireless

The new board members join the following existing members:

Peyton C. Anderson
  SciQuest.Com, Inc.
M. Les Bethune, III
  Ernst & Young LLP
Claudia A. Black
  Sicel Technologies, Inc.
Michael Brader-Araje
  truePilot
Kenneth G. Carroll
  Womble Carlyle Sandridge & Rice,
  P.L.L.C.
Kent F. Christison
  Kennedy Covington Lobdell
  & Hickman, LLP
B. Jefferson Clark
  The Aurora Funds
Kenneth F. Clark, III
  Comerica, Technology and Life
   Sciences Division
Reid Conrad
  Commerciality
Walter E. Daniels
  Daniels & Daniels, P.A.
Doug Darr, Ph.D.
  N.C. Biotechnology Center
Richard Daugherty
Bernard Gray
  Gray Ventures, Inc.
Bill Gwyn
  Maupin Taylor & Ellis, P.A.
Robbie Hardy
  Silk Road Partners

Byron Kirkland
  Smith Anderson Blount Dorsett
  Mitchell & Jernigan, L.L.P.
Chris Lynch
  Wyrick Robbins Yates & Ponton,
   LLP
Merrill M. Mason
  Hutchison & Mason PLLC
Gerard P. McNamara
  Heidrick & Struggles
Donovan Moxey, Ph.D.
  LIPSinc.
Mary Musacchia
  SAS Institute Inc.
Steve Nelson
  Wakefield Group, L.P.
Jeff Reid
  The Kenan-Flagler Business
  School
Sallie Shuping Russell
  Intersouth Partners
Christy Shaffer
  Inspire Pharmaceuticals, Inc.
Jack Sheffield
  Deutsche Banc Alex.Brown
Matthew Szulik
  Red Hat, Inc.
Clay B. Thorp
  Catalysta Partners, LLC
Stephen J. Walsh, Ph.D., PE
Ford Worthy
  A.M. Pappas & Associates, LLC

About CED
The Council for Entrepreneurial Development, located in Research Triangle Park, NC, is a private, non-profit organization formed in 1984 to stimulate the creation and growth of high-impact companies in the greater Research Triangle region. CED provides education, mentoring and capital formation resources to new and existing high-growth entrepreneurs through annual conferences, seminars, workshops and monthly programs on entrepreneurial management and finance. CED is the largest entrepreneurial support organization in the nation with more than 5,000 members representing 1,200 entrepreneurial companies, financiers and professional firms. For more information, visit www.cednc.org.

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