May 22, 2009
Northwest's Melvin D. and Valorie G. Booth College of Business and Professional Studies celebrated a special edition of its annual awards banquet.
Northwest alumnus Melvin D. Booth '67 returned to campus to deliver the keynote address at the affair -- a celebration of about 100 years of business and professional programs at the University, which was founded in 1905 as a state normal school for the training of teachers.
More than 40 scholarships and awards were presented during the evening, including the Melvin D. and Valorie G. Booth Bethany Business Scholarship. The comprehensive award covers tuition books and fees and was renewed for a second year to Jared Rose, an accounting major and 2007 graduate of South Harrison High School in Bethany, Booth's hometown.
Booth and his wife, Valorie, established the scholarship in 2001 after making a $5 million gift to the Booth College, which was subsequently named in their honor.
Now semi-retired, Booth remains actively involved in the life sciences. He was a member of the board of directors for MedImmune Inc. from 1998 through 2005 and served as the company's president and chief operating officer from 1998 until 2004. One of the most successful biotechnology companies in the world, MedImmune was acquired by AstraZeneca PLC in 2007 and focuses on pediatric infectious diseases, cancer and inflammatory diseases.
Prior to joining MedImmune, Booth was president and chief operating officer of Human Genome Sciences Inc., where he was also a member of the executive committee and board of directors. From 1975 to 1995, he was employed at Syntex Corp., where he held a variety of positions, including president of Syntex Laboratories Inc. and Syntex Inc., Canada. He holds a bachelor of science degree, with honors, and an honorary doctorate of science degree from the University.