In May, the Corporation of Northeastern university elected board vice chair Henry J. Nasella, UC’77, H’08, as chairman of the Board of Trustees. They also paid warm tribute to outgoing chairman Sy Sternberg, ME’68, H’12.
Nasella is co-founder and partner at LNK Partners, a private equity firm focused on consumer and retail businesses. A trustee since 1995, he has served on nearly every board committee, chairing the Financial Affairs Committee and Development Committee during landmark fundraising years. To his new role, Nasella brings financial acumen, personal commitment to Northeastern, and a broad working knowledge of the university.
Prior to launching LNK in 2005, Nasella was a venture partner at the consumer and retail group Apax Partners. Previously, he served Star Markets as chairman and CEO, overseeing the successful buyout of the regional supermarket chain. At Staples, which he built from a start-up into a global leader in office-supply retailing, he was president and COO.
“Northeastern’s momentum is tremendous. The work of our faculty and students positively impacts society each day, and now is the opportune time to partner with the university and invest in its future,” Nasella said. “It is an immense privilege for me to help lead the university’s evolution as a premier global research institution, largely because I see the great impact Northeastern is having on the world.”
Sternberg, who joined the board in 2004 and was elected chairman in 2008, received an honorary doctorate in commerce at Commencement in May. To Northeastern he brought a deep understanding of the global business arena and, in endowing two faculty chairs, an exemplary philanthropic commitment. With President Joseph E. Aoun, he championed the global expansion of experiential learning; the recruitment of interdisciplinary, research-oriented scholars; the development of the Long Range Plan; and the graduate campus initiative. He continues to serve as chairman emeritus.
“Being the chair of Northeastern’s board requires an individual who embraces and embodies its unique culture and who can inspire others to do the same,” said President Aoun. “Sy and Henry are two such people. With their expertise and passion, they have supported this great institution in every possible way. And just as Sy did before him, Henry will use his bold vision and skilled leadership to marshal the university’s community and resources to help guide Northeastern to ever greater heights.”