Raymond D. Smoot Jr. (far right) of the Virginia Tech foundation, has been elected chairman of the board of directors of StellarOne Corporation, following the retirement of William P. Heath Jr. (right).
Smoot has served as Chief Operating Officer and Secretary-Treasurer of the Virginia Tech Foundation since October, 2003 and is responsible for management of assets in excess of $1 billion including the university’s $500 million endowment, the Virginia Tech Corporate Research Center, the Hotel Roanoke & Conference Center, and the River Course, a Pete Dye golf course.
He is also director and treasurer of the university’s technology transfer company and its bookstores and related operations. Smoot is a native of Lynchburg and has previously served as Chairman of StellarOne Bank and director of StellarOne Corporation.
Active in community affairs, he serves as director and investment committee chair of Carilion Clinic, and director of Warm Hearth (a non-profit retirement community), RGC Resources, Inc., and the Virginia College of Osteopathic Medicine.