Samuel Henry Armacost (born March 29, 1939) is an American business executive who was formerly the president, director, and CEO of
BankAmerica Corporation. He has chaired or served on the boards of directors of major organizations such as
SRI International
SRI International (SRI) is an American nonprofit scientific research institute and organization headquartered in Menlo Park, California. The trustees of Stanford University established SRI in 1946 as a center of innovation to support economic ...
and
Chevron Corporation.
Education
Armacost holds a BA in economics from
Denison University
Denison University is a private liberal arts college in Granville, Ohio. One of the earliest colleges established in the former Northwest Territory, Denison University was founded in 1831. The college was first called the Granville Literary and ...
and an MBA from
Stanford University.
Career
President, director and chief executive officer of
BankAmerica Corporation from 1981 until 1986, where his tenure was controversial.
Managing director of
Merrill Lynch Capital Markets from 1987 until 1990. Managing director of Weiss, Peck & Greer L.L.C. from 1990 until 1998.
He was the chairman of
SRI International
SRI International (SRI) is an American nonprofit scientific research institute and organization headquartered in Menlo Park, California. The trustees of Stanford University established SRI in 1946 as a center of innovation to support economic ...
, formerly Stanford Research Institute, an independent research, technology development and commercialization organization, from 1998 to 2010, and has been a member of the board of directors since 1981.
He has also been the lead director of
Chevron Corporation since 1982. Other board of director positions include
Callaway Golf Company
Callaway, legally Topgolf Callaway Brands Corp., is an American global sports equipment manufacturing company that designs, manufactures, markets and sells golf equipment, more specifically clubs and balls, also including accessories such as ...
,
Del Monte Foods
Del Monte Foods, Inc (trading as Del Monte Foods) is an American food production and distribution company headquartered in Walnut Creek, California. Del Monte Foods is one of the country's largest producers, distributors and marketer of br ...
, and
Exponent Inc. He is a member of the Advisory Board of the California Academy of Sciences. From 1971 to 1972, he served as an advisor to the State Department's Office of Monetary Affairs.
References
American bankers
Chevron Corporation
Stanford Graduate School of Business alumni
Denison University alumni
1939 births
Living people
Directors of SRI International
20th-century American businesspeople
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