Nelson Broms to receive University Medal of Excellence
Nelson Broms, a former Chairman, President and Chief Executive Officer of The Equitable Life Holding Corporation, will be bestowed the prestigious University Medal of Excellence at the spring undergraduate commencement.
Commencement speaker and journalist Tom Brokaw, animal scientist Temple Grandin, neuroscientist Eric Kandel and chairman of A*STAR Lim Chuan Poh will be awarded honorary degrees at the ceremony.
While at The Equitable Life Assurance Society of the United States, Mr. Broms served in senior management capacities including Chief Marketing Officer and Chief Strategy Officer. After leaving the Equitable, he served as a Partner and Chairman of the Executive Committee of Clayton & Dubilier, a leading leveraged buy-out management company. Mr. Broms co-founded and served as Vice-Chairman of Financial Security Assurance Holdings Ltd. (FSA), raising $233 million of first round capital for this game changing insurance company.
Mr. Broms served as a Director, Chairman of the Audit Committee, and member of the Strategic Planning Committee of Contel, Inc. until its $6.6 billion merger with GTE, Inc. (NYSE) in 1991. He influenced Contel’s participation in its early efforts to develop and acquire cellular technology and properties, which participated in today’s convergence of telecommunications and electronic information services.
Mr. Broms was instrumental in the formation and development of the managed health care and financial services sectors in the U.S. Currently, Mr. Broms provides strategic leadership to diverse organizations in both the for-profit and not-for-profit sectors and is respected as a strategic advisor and leader in the evolution of organizations. Mr. Broms was a co-founder and/or board member of the Manhattan Institute for Policy Research, the Ethics Resources Center in Washington, the Women’s Museum for the Arts, the Council on Economics & National Security, and the Family Academy in New York City.
Enlisting in the summer of 1940 and serving through World War II, Mr. Broms served with distinction in the United States Army as assistant general staff officer in Headquarters’ Third Army and Headquarters' Ninth Army in Europe. He holds the Honorary Doctor of Letters Degree from Sacred Heart University, was visiting entrepreneur at Columbia University, and founded the chair in Private Enterprise while on the Hofstra University Council. In November 1978, Mr. Broms, gathering several other business men and enterprenuers, visited China in several major cities. Directly contributing to the success of ASU, Mr. Broms has served as Strategic Senior Adviser to Michael Crow, sharing his views on knowledge entrepreneurship, intellectual fusion and social consciousness.