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Private equity executive elected as a Tuskegee University trustee

April 05, 2021

Contact: Kawana McGough, Office of Communications, Public Relations and Marketing

Ray Whiteman

Norma Clayton, chair of the board of trustees of Tuskegee University, announced today that Ray Whiteman was elected to the Board of Trustees in January to serve out the unexpired term of E. Chris Johnson who retired from the Board in May, 2020. A veteran in the private equity space, Mr. Whiteman is a Co-Founder and Managing Partner of Stellex Capital Management, a private equity firm with more than $2.6 billion in committed capital under management that invests in middle-market companies in North America and Europe.

According to Chairwoman Clayton, the board has been deliberate in seeking out prospective trustees to strengthen its membership prospective members with strong competencies and diverse backgrounds. “As Tuskegee continues to strengthen its financial position, we believe that Ray’s background in private equity and his interest in increasing opportunities for minority students makes him a great addition to the board.”

Prior to founding Stellex, Mr. Whiteman was a Partner at the global investment firm, The Carlyle Group. He also served as a Managing Director and Co-Head of Carlyle Strategic Partners. Prior to joining Carlyle in May 1996, he was a Vice President and Group Head in the Leveraged Finance Department of Credit Lyonnais and also held several executive positions at both Citicorp and The Chase Manhattan Bank, N.A.

Mr. Whiteman currently serves as a director on the board of Titan Acquisition Holdings L.P. and Cisco Investment Holding LLC, current Stellex portfolio companies. Previously, he has served on the boards of numerous Carlyle portfolio companies such as US Marine Repair, Norfolk Drydock and Shipping Company, Key Plastics, Breed Technologies and The Aerostructures Corporation.

Mr. Whiteman, who holds a B.A. in political science from Williams College and an M.B.A. from the New York University Stern School of Business, has also been a member of the Executive Committee of the National Symphony Orchestra of The John F. Kennedy Center and the Smithsonian’s National Museum of African Art. He has also served on the board of the Prince George’s Community College Foundation.

About Tuskegee University:

Located in Tuskegee, Ala., Tuskegee University is a private and state- related land-grant institution that serves a racially, ethnically and religiously diverse student body of 3,000-plus students. The institution was founded in 1881 by Booker T. Washington and is one of 107 historically black colleges and universities (HBCUs) nationally and the fourth-ranked HCBU nationally by U.S. News and World Report. For more information about Tuskegee University, visit

About the Board of Trustees:

The Board of Trustees serves as the university’s governing and fiduciary body. Its responsibilities include providing university oversight through its president, as well as helping to advance its engagement with students, parents, alumni and philanthropic donors. The board is comprised of up to 25 voting members, which includes five trustees appointed by Alabama’s governor. Board-appointed trustees serve for three years; state-appointed trustees for four years. In addition to the 25 voting trustees, there are several non-voting ex officio members, which include the university’s president, a faculty trustee who is the faculty senate chair, a student trustee elected by the student body, and Alabama’s state superintendent of education.

© 2021 Tuskegee University