Miami University trustee Richard Smucker has resigned from the board due to taking on new responsibilities as deputy chairman of the Cleveland Federal Reserve Board.
“It was with tremendous regret that I submitted my resignation,” Smucker said in a letter to Miami President David Hodge. “During my tenure I have witnessed incredible collaboration and a steadfast commitment to sustaining the university’s success.”
Smucker, executive chairman and co-CEO of the J.M. Smucker Co., joined Miami’s board in 2003 and served as chair from Jan. 2007-Jan. 2009.
A 1970 Miami graduate, Smucker was named president of the J.M. Smucker Co. in 1987. The firm, founded in 1897 by Smucker’s great-grandfather, is still headquartered in Orrville and has 2,700 employees worldwide. Smucker’s is the leading marketer and manufacturer of fruit spreads, peanut butter, shortening and oils, ice cream toppings, sweetened condensed milk and health and natural foods beverages in North America.
After graduating from Miami with a degree in finance, Smucker earned an MBA in 1972 from the University of Pennsylvania.
He has served on numerous corporate boards including the William Wrigley Jr. Co., Sherwin Williams Co. and International Multifoods Inc. and also on the boards of charitable organizations, including the Musical Arts Association (the Cleveland Orchestra) and the Willard E. Smucker Foundation. Smucker and his brother Timothy were named Market Watch CEO of the Year, 2009.
An active alumnus, he has been a member of Miami’s Business Advisory Council, the Foundation Board of Trustees and the Campaign for Miami Corporate Foundation Committee. In 1984, he was co-grand marshal with his father (Paul Smucker ’39) for Miami’s homecoming parade.
Ohio Governor Ted Strickland will appoint a new Miami trustee in the near future.