Lincoln University has announced that Roger W. Ferguson Jr., the president and CEO of TIAA, will give the 158th Commencement address on May 12 and will receive an honorary doctorate, along with Kenneth E. Scott, the president and CEO of Beech Companies.
TIAA is the leading provider of retirement services in the academic, research, medical, and cultural fields and a Fortune 100 financial services organization. Ferguson holds a bachelor’s, law degree, and doctorate in economics, all from Harvard University.
Ferguson is the former Vice Chairman of the Board of Governors of the U.S. Federal Reserve System. He represented the Federal Reserve on several international policy groups and served on key Federal Reserve System committees, including Payment System Oversight, Reserve Bank Operations, and Supervision and Regulation.
As the only governor in Washington, D.C., on 9/11, Ferguson led the Federal Reserve’s initial response to the terrorist attacks, taking actions that kept the U.S. financial system functioning while reassuring the global financial community that the U.S. economy would not be paralyzed.
Scott is well known throughout the Philadelphia region for his support and commitment to community service. His work has produced comprehensive development in the areas of business, education, finance, media, housing, philanthropy, real estate development, and technology.
He is the president of the Beech Companies, which includes Beech Interplex, Inc., Beech Business Bank, Beech International, The Alston/Beech Foundation, Beech Community Services Corporation, Beech LLC, Beech Technologies, and the Beech Network.