The Maryland Technology Development Corporation (TEDCO) announced in July 2020 that it had completed the executive search for a new leader with the hiring of Troy LeMaile-Stovall, a seasoned leader with deep ties to the BioHealth Capital Region (BCHR).
LeMaile-Stovall just recently officially took the helm of TEDCO and we thought it a great time to catch up with him for a wide-ranging and insightful conversation about his background and vision for TEDCO and the BHCR biotech and life science ecosystem.
Tell us a bit about your background and journey to becoming the new CEO & Executive Director at TEDCO.
I think your word ‘journey’ is an apt one. My career journey has prepared me for this in terms of academic preparation, career choices, and passion.
I should start with I am a native Texan, raised in Houston. And yes, even though I did not play, football it is in my blood; as in Texas, there are only 2 sports, fall football, and spring football. I say all that to say that I am a Cowboys fan, but love rooting for the Ravens, especially their incredibly young quarterback Lamar Jackson.
In terms of academic preparation, I am an engineer/computer scientist by training who also holds an MBA. I have been able to work as an engineer, computer scientist, management consultant, private equity fund manager, venture capitalist, community developer/organizer, for-profit/nonprofit corporate board member, C-level executive, higher education administrator, and entrepreneur.
Along the way being able to work for major entities like Rockwell International, AT&T, Bell Labs, Southwestern Bell, McKinsey, Jackson State University, the University of the District of Columbia, and Howard University, as well as smaller entities including Gulf South Capital, the family investment office I co-founded and led.
My passion along this journey has been formed by Mother’s golden rule –“The Good Lord has put you on this planet for one purpose and that is to make a difference in one person’s life; the challenge is you don’t know when that one person is coming into your life so you have to make a difference in every life you touch.”
“I am coming to TEDCO to be a part of making a difference in the lives of those with dreams that need resources, coaching, and support to make that dream a reality. That is my purpose and my passion.”
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