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Robert Storey Joins VIC Technology Venture Development as Executive in Residence
Date:2/14/2013

Fayetteville, AR (PRWEB) February 14, 2013

VIC Technology Venture Development (VIC) is pleased to announce that Robert (Bob) Storey has joined the company as Executive in Residence. Mr. Storey will assist in the assessment and creation of new ventures, then serve as interim CEO for newly formed portfolio companies, especially those focusing on medical devices and engineered materials. In managing these companies, he will provide expertise in business development, marketing, and corporate strategic planning. As CEO for VIC’s startup companies, Mr. Storey will not only manage their operations but will also oversee the development and execution of key commercial milestones, such as resource plans, funding, and recruitment of permanent CEOs and management teams.

“We are indeed fortunate to add Bob’s considerable talents to our development team,” said Calvin Goforth, President and Founder of VIC. “His energy and contributions to the efforts of our young technology companies have been immediately apparent.”

Mr. Storey is no newcomer to the art of new business development. He has over 30 years of experience in this field, especially with startups in regulated industries. Most recently as Executive-in-Residence at Johns Hopkins University, he has helped commercialize technology developed at the University Medical School and the Whiting School of Engineering.

After earning degrees in chemical engineering and chemistry at the University of Arkansas, Mr. Storey took a job with Exxon Corporation. His path led from the Technology Center to Exxon’s American Headquarters in Houston, where he worked in business planning and mergers and acquisitions. He advised Exxon’s Corporate Controller, the Sales and Marketing division, and the leadership of Exxon’s international joint venture with Mitsubishi Petrochemical.

In 1994, Mr. Storey left Exxon to become Vice President and General Manager of a privately held engineer
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