Retiring ACT CEO and Chairman Reveals Future Plans
IOWA CITY, Iowa—On August 31, 2010, ACT CEO and Board Chairman Dick Ferguson will retire from ACT after 38 years with the organization and 22 years as its leader. Ferguson intends to continue his lifelong passion for and commitment to education and workplace success as he assumes the position of vice chair for Best Associates, a privately owned merchant banking institution headquartered in Dallas, Texas, on September 1, 2010.
ACT CEO and Board Chairman Dick Ferguson
“My efforts will be concentrated on the education sector of Best Associates and the rapidly growing group of education companies it has established,” said Ferguson. “The companies with which I will be working have as their goal increasing individuals’ access to and success in secondary and postsecondary education.” One of the companies, Whitney International University System, is the first “global” university focused on students in developing countries, primarily Latin America.
With extensive management experience in developing and delivering assessment and instructional systems, Ferguson looks forward to working with his new colleagues to ensure that individuals accessing the educational programs and services offered by the companies possess the skills needed for the next level of education, training and career. He’ll bring an added emphasis to the companies’ commitment to providing a high quality, performance-based educational experience for all who access the programs.
Ferguson expects to reside in Dallas a good part of each year but will maintain his residence in Iowa City. His post-ACT plans also include continued service on a number of nonprofit boards, including Scholarship America, Iowa Wesleyan College, the Kirkwood (Community College) Foundation, the Belin-Blank International Center for Gifted Education and Talent Development at the University of Iowa and the executive committee of the University of Iowa Friends of University Hospitals and Clinics.