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Scenes from The University of Rhode Island

URI College of Business Administration names inductees to its Hall of Fame

Media Contact: Dave Lavallee, 401-874-5862

KINGSTON, R.I. -- March 4, 2004 -- The University of Rhode Island's College of Business Administration will induct three individuals into its hall of fame during ceremonies on Thursday, April 29.

The inductees are the late Robert A. Adams, a 1957 URI accounting graduate; David J. Buckanavage, a 1980 graduate of the URI College of Business Administration, and Geoffrey V. Hopper, who earned his master's degree in accounting from URI in 1975.

The Sixth Annual Hall of Fame Banquet and Induction Ceremony will be held at the Crowne Plaza at the Crossing, Warwick, beginning at 6 p.m. Tickets are $50 per person and table sponsorships are available at the $1,000 and $1,500 levels. Contact Kelly Glista at 401-874-4348 for information or click on College of Business Hall of Fame.

The late "Bob" Adams was one of URI's most distinguished alumni. A man devoted to his family, his church and alma mater, Adams always seemed to gravitate to positions of leadership. A former Narragansett resident, Adams headed the small business division at Arthur Andersen and was one of the youngest individuals ever to be named a partner at one of the big six accounting firms.

A long-time member of the College of Business Advisory Council, he was the chairman of Pier Bank from 1992 until his death. Because of his steady hand, the bank not only survived some tough years, it also flourished and today is part of Washington Trust.

Supporting the University and its athletics program was always a top priority. Not only was Adams a trustee of the URI Foundation, a member College of Business Administration's Advisory Council and driving force behind URI's new alumni center, he also served as vice president of the URI Ram Par Club and was slated to be its next president, before his death in 1994.

The Adams Cup of Newport, which celebrated its 10th anniversary last fall, is named in his honor. Based on his vision of a collegiate golf tournament in Rhode Island, it is now considered the top collegiate athletics event in the state.

Buckanavage has extensive expertise and more than 20 years of experience in real estate, finance and tax matters. He is the founder, president and chief executive officer of Sovereign Pacific Equity Inc., an investment advisory firm in Aliso Viejo, Calif. that specializes in financial consulting services dedicated to preserving and rehabilitating historic properties located throughout the United States. Under his direction and leadership, Sovereign has become an industry leader in the placement of corporate equity investments in real estate projects that qualify for both federal and state historic tax credits. Since founding his own firm in 1990, Buckanavage has originated and closed more than 125 transactions and provided consulting and advisory services to Fortune 500 companies, as well as major real estate developers and development organizations.

Prior to founding Sovereign Pacific Equity, he was vice president and head of tax credit acquisitions for a subsidiary of Chrysler Capital Corp and before that, he spent two years on Wall Street with Salomon Brothers Inc., gaining significant tax and financial experience while serving as an analyst for the firm's portfolio of tax-advantaged investments.

Buckanavage graduated magna cum laude from URI and is a member of the College of Business Administrationís Advisory Council. He is a certified public accountant and member of the American Institute of Certified Public Accountants. He is also a member of the National Trust for Historic Preservation.

Hopper is based in New York as director of global independence for Ernst & Young Global. Although a partner of the U.S. firm, Hopper is assigned to Ernst &Young Global Ltd., the global services entity of the Ernst & Young worldwide network. In his current role, he is responsible for monitoring the compliance of Ernst & Young country practices with the firmís independence policies and procedures, coordinating worldwide consultation on independence matters and monitoring regulatory developments. He has also served on a committee of large firm representatives that provided advice to the Ethics Committee of the International Federation of Accountants and is currently the firms' representative on an oversight committee established to advise the federation and effectiveness and efficiency of the Ethics Committee.