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Robert Caret Receives 2011 ACE Council of Fellows/Fidelity Investments Mentor Award

March 06, 2011


Robert Caret, president of Towson University (MD) and president-elect of the University of Massachusetts, was today presented with the 2011 Council of Fellows/Fidelity Investments Mentor Award* during ACE's 93rd Annual Meeting, held at the Washington Hilton in Washington, DC.

The Council of Fellows/Fidelity Investments Mentor Award is presented annually to acknowledge the enormous role of mentors in the success of ACE Fellows Program participants. Established in 1965, the ACE Fellows Program is designed to strengthen institutions and leadership in American higher education by identifying and preparing faculty and staff members for senior positions in college and university administration.

More than 1,700 higher education leaders have participated in the ACE Fellows Program since its inception, with more than 300 Fellows having served as chief executive officers of colleges or universities and more than 1,300 having served as provosts, vice presidents and deans.

“What makes the Fellows Program stand out from other leadership programs in the field is our deep and sustained focus on offering a significant mentorship component to every participant. We are grateful to President Caret and the thousands of presidents and senior officers of colleges and universities who have served as a mentors and nominators for Fellows,” said Sharon A. McDade, director of the ACE Fellows Program.

Fidelity Investments’ generous support of the Fellows Program has enabled the Council of Fellows to provide support for the discretionary fund of the Mentor Award winner’s institution as well as the Fellows Fund for the Future, which provides stipends to those institutions unable to afford the cost of sponsoring a Fellow.

"Fidelity recognizes that leadership development in higher education has never been more important,” said John Ragnoni, executive vice president of Fidelity Investments. “We are proud to support the ACE Fellows Program, and we congratulate Dr. Caret as this year’s Mentor Award recipient. Fidelity salutes ACE and Dr. Caret for their commitment to mentoring and developing future leaders in higher education.”

Caret was recognized for his service as an exceptional role model to emerging leaders, having mentored seven ACE Fellows in addition to serving as a frequent speaker at Fellows Program retreats. He has been instrumental in nurturing the long-time relationship between the Fellows Program and the Coalition of Urban and Metropolitan Universities (CUMU) and has encouraged many Coalition member presidents to participate in the ACE Fellows Program.

Robert L. Caret served as a faculty member, dean, executive vice president and provost of Towson University for 21 years before leaving to assume the presidency of San Jose State University in 1995. In 2003, he returned to Towson as the institution’s 12th president. In January, Dr. Caret was named the next president of the University of Massachusetts.

Caret’s vision of Towson University as “Maryland’s Metropolitan University” was instrumental in relocating CUMU's national headquarters to Towson’s campus. Caret served as vice president (2004-06) and president of CUMU (2006-08).

Caret received his Ph.D. in organic chemistry from the University of New Hampshire in 1974 and his bachelor of science degree in chemistry and mathematics from Suffolk University (MA) in 1969. His honorary degrees include a doctor of humane letters from San Jose State University (CA) and National Hispanic University (CA) and a doctor of science from Suffolk University.

Marvalene Hughes, president of Dillard University (LA), and Stephen Joel Trachtenberg, president emeritus of The George Washington University (DC), received the 2010 Council of Fellows/Fidelity Investments Mentor Award, now in its seventh year.

Previous Recipients of the Council of Fellows Mentor Award:

  • 2009: Robert Hemenway, then-chancellor, University of Kansas
  • 2008: Robert Glidden, president emeritus, Ohio University
  • 2007: Carol Cartwright, president emeritus, Kent State University (OH)
  • 2006: Jerry Sue Thornton, president, Cuyahoga Community College (OH)
  • 2005: Robert Carothers, president, University of Rhode Island, and David Roselle, then-president, University of Delaware

* ACE and Fidelity Investments ® are independent entities and are not legally affiliated. The recipients of the Council of Fellows/Fidelity Investments Mentor Award are selected solely by the Executive Committee of the Council of Fellows. Fidelity employees are not involved, in any way, in determining, selecting or approving the recipient or amount of any award. The selection criteria and guidelines for the award may be obtained directly from ACE.

MEDIA CONTACT: Erin A. Hennessy ▪ 202-939-9367 (office) ▪ 202-664-4205 (cell) ▪

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