Initiative boards of directors elect new officers

DEC. 20, 2010 – The boards of directors for the N.C. Community Development Initiative and its lending subsidiary, Initiative Capital, have elected new officers for 2011-2012.

For the Initiative, James Speed, President and CEO of NC Mutual Life Insurance Company in Durham, is the new chairman. Bill Wilson, an attorney with the Sanford-based Wilson & Reives Attorneys at Law, returns to chair the Initiative Capital board. Other board officers include:

Initiative:

  • Chairman:  James Speed – President & CEO, NC Mutual Life Insurance Company (Durham)
  • Vice Chairman:  Bill Wilson – Attorney, Wilson & Reives Attorneys at Law (Sanford)
  • Treasurer:  Sharon Jeffries-Jones – Director of CRA/Community Development, BB&T (Winston-Salem)
  • Secretary:  Jeanne Tedrow – Executive Director, Passage Home, Inc. (Raleigh)

Initiative Capital:

  • Chairman:  Bill Wilson – Attorney, Wilson & Reives Attorneys at Law (Sanford)
  • Vice Chairman:  Louise Mack – Executive Director, Prosperity Unlimited, Inc. (Kannapolis)
  • Treasurer:  Sharon Jeffries-Jones – Director of CRA/Community Development, BB&T (Winston-Salem)
  • Secretary:  Selina Mack – Executive Director, Durham Community Land Trustees (Durham)

Speed, who grew up in Oxford, has served on the Initiative’s board for the last five years. “I think one of the exciting things right now,” said Speed, “is to look at where the Initiative is now, and to be able to build on such a solid foundation; to help the organization to move strategically to the next level, and even do greater works than what we have done in the past.”

The new officers will convene their respective boards for the first time in March. “There are some very talented people on the board with tremendous experience and skill sets,” said Speed. “I think we have a group of employees and officers of this organization that, together, we’ll be able to meet whatever challenges come our way.”

The Initiative is a nonprofit organization that provides leadership and capital investment to community-based economic development organizations, in order to create wealth in underserved communities, and improve the quality of life for individuals and families throughout the state.

 

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Note:
A Q&A with James Speed with additional quotes is available here.

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BB&T Oak Foundation Z Smith Reynolds Foundation Wells Fargo PNC Suntrust Kate B Reynolds Charitable Trust Local First Bank Fifth Third Bank First Tennessee Bank