updated: 6/26/2013 12:30:20 PM

Governor Taps Beck For Purdue Trustees

InsideINdianaBusiness.com Report

Governor Mike Pence has appointed Sonny Beck to the Purdue University Board of Trustees. Beck is president of Hamilton County-based Beck's Hybrids. He will succeed Keith Krach, who has chaired the board for four years.

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June 26, 2013

News Release

INDIANAPOLIS, Ind. - Governor Mike Pence today named appointees to the Purdue University Board of Trustees.

Pence announced the appointment of Lawrence "Sonny" Beck to the Purdue Board of Trustees.

President of Beck's Superior Hybrids in Atlanta, Indiana, Beck graduated from Purdue University with an undergraduate degree in Agronomy and a master's degree in Agricultural Economics. He received the GA Ross Award as the top male student in the University. Under his direction, Beck's Superior Hybrids has focused on quality and service and has grown to become the largest family owned seed company in the United States. Beck has held a variety of leadership positions within the agriculture industry including President of the American Seed Trade Association, President of the Indiana Crop Improvement Association, Vice President of the Ag Alumni Seed Improvement Association, and member of the First Indiana State Department of Agriculture Advisory Council. An active and loyal supporter of Purdue University, Beck has served as a member of the Purdue Ag Advisory Council, the Purdue University Executive Council, Parents Council, and the FarmHouse Fraternity's Scholarship and Foundation Boards.

"Sonny Beck is an extraordinary Hoosier whose character, business experience in the agriculture industry and commitment to excellence make him the perfect choice to serve on the Board of Trustees of Purdue University," said Governor Pence.

The Governor expressed his deep gratitude to Keith Krach for his service to Purdue University, serving two full terms, where he currently serves as the Chair of the Board of Trustees. To ensure a smooth transition of his leadership as Chair, Mr. Krach will accept a new appointment, with the understanding that he will preside at the trustees' next regularly-scheduled meeting in July. After that meeting, Mr. Krach will resign. His successor will be Lawrence "Sonny" Beck, whose three-year term will be effective upon the conclusion of the Board's July meeting.

President and Chief Operating Officer of McDonald's, Don Thompson, of Oakbrook, Illinois, has been reappointed to the Board to serve a three-year term effective July 1, 2013.

Kelsey Quin will serve as Student Trustee on the Board for a two-year term effective July 1, 2013. With a career goal of being a Pediatric Psychiatrist, Quin shows leadership inside and outside the classroom. Quin is on the Dean’s list with Semester Honors. Serving as a member of the Purdue Student Government, she was also selected to participate in the President’s leadership class. In 2011, Quin was named Indiana’s Distinguished Young Woman.

Source: Office of Governor Mike Pence

June 26, 2013

News Release

WEST LAFAYETTE, Ind. - Keith Krach, chairman of the Purdue University Board of Trustees, has announced that he will retire from the board, having completed two full terms. His departure will be effective at the conclusion of the July 19 board meeting.

Krach has served on the board for six years and as chairman for the past four. During Krach's tenure, Purdue has seen record levels of research funding, higher retention rates, increases in reputational rankings and philanthropic giving of more than $1 billion. Krach served as the chairman during the 2012 Purdue presidential search, as well as the transitions from President France A. Córdova to interim President Tim Sands to President Mitch Daniels.

"Serving Purdue as a trustee has been one of the greatest privileges of my life," Krach said. "I will be forever grateful for the opportunity I have had to serve this great university and am profoundly proud of the work our board has done. It has been my honor."

To ensure a smooth transition, Krach will preside over his final trustees' meeting on July 19, when a new chairman will be elected.

"While it has been a difficult decision to leave a role I have loved so much, Purdue has incredible momentum and couldn't be in better hands. We have top-notch leadership on our board and a world-class president in Mitch Daniels," Krach said.

Tom Spurgeon, vice chair of the board, said, "Keith has been a dynamic leader for our board and our university, playing a key role in making Purdue a highly respected institution and one that takes great pride in serving our students, our state, our nation and our world. It has been an honor to serve with Keith and to share his passion for all things Purdue."

Krach serves as the chairman and CEO of a San Francisco-based company, DocuSign, the global standard in electronic signature. He also serves as the chairman of the board at Angie's List.

"Purdue has a long history of outstanding board members and board leaders and Keith Krach has added to that legacy," Daniels said. "Keith and all of our board members work exceptionally hard to provide guidance and leadership, always in the best interest of our university. We are deeply grateful for his service and know he will remain a loyal Boilermaker."

Krach earned his bachelor's degree in industrial engineering from Purdue in 1979 and an MBA from Harvard in 1981. He then worked at General Motors and was named the youngest-ever vice president at 26. He went on to become a renowned Silicon Valley entrepreneur, best known for pioneering business-to-business e-commerce through his co-founding of Ariba, one of the fastest-growing software companies in history. He served as CEO and chairman for seven years, taking Ariba public in 1999. Ernst & Young named Krach the 2000 National Entrepreneur of the Year, the same year in which he was honored at the World Economic Forum in Davos, Switzerland, with the Technology Pioneer Award.

A longtime supporter of Purdue, Krach, through a 2009 gift from the Krach Family Foundation, created an endowment to fund student leadership scholarships and a speaker series. In addition, Krach's philanthropic endeavors include co-founding the Children's Autistic Network, serving on the Board of Governors for Opportunity International, the largest issuer of micro loans in the world, and being named as the international president for the Sigma Chi Fraternity (2005-2007), with over 250,000 members.

Krach has five children, Monika (Princeton '08), Stephen (USC '11), Carter (Purdue expected '14) and 2-year-old twins JD and Emma. Krach and his wife, Metta (B.A. UCLA; J.D. Georgetown) call both California and Indiana their home.

Source: Purdue University Office of the Board of Trustees

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