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Averett president steps down after 3 months, citing wife’s illness
David Joyce stepped down Friday as the 15th president of Averett University due to a family medical matter, according to the Danville private school. “It is with a heavy heart I share that my wife, Lynne, has experienced a serious medical diagnosis that will require our fulltime attention,” Joyce said in a statement. “Lynne and […]
Averett files lawsuit alleging ex-CFO, firm ‘drained’ school’s endowment fund
Danville private university Averett University has filed a federal lawsuit alleging its former chief finance officer worked with an investment firm to conceal illicit draws from its endowment that were used to cover budget deficits. In a complaint filed March 26 in the U.S. District Court for the Western District of Virginia, Averett states that […]
Amid financial concerns, Averett University names new leadership
Averett University announced Wednesday that its board has appointed David Joyce as its 15th president. Tiffany Franks, who has served nearly 17 years as president of the Danville private university, will retire Jan. 5, 2025. The leadership change comes following months of headlines about the school’s financial woes and cost-saving measures like staff furloughs and […]
TIFFANY FRANKS
Ahead of her first job interview there, Tiffany Franks visited Averett University‘s campus with her husband to scope it out — a bit of “mystery shopping,” if you will. “We fell in love,” she recalls. “It was a match made in heaven.” Franks became Averett’s 14th president in 2008, making her the first woman to […]
Caesars gives $504K to Averett University
Caesars Virginia, which is building a $650 million casino in Danville, announced a gift of $504,000 to Averett University on Wednesday. The gift will be used to develop a hospitality and tourism academic program. Averett’s new concentration and minor in hospitality management and tourism will be part of the university’s business management program and is […]
Averett students take flight at Danville airport
Times are changing at Danville Regional Airport. Averett University became the airport’s fixed-base operator in July 2021, replacing General Aviation Inc., a family-owned business which served as the FBO for more than 70 years. The city of Danville owns the airport and its fueling facility. The city’s chosen FBO pays the city for the privilege […]
Averett University hires VP for philanthropy
Averett University announced Wednesday it has hired Melissa Wohlstein as vice president for philanthropy, effective Tuesday. Wohlstein has nearly 20 years of experience in higher education settings. She most recently served as the associate vice president of development at Hollins University. “With her existing connections to Virginia and her commitment to Averett’s mission, she will [&hel[...]
Averett University names chief entrepreneurship, innovation officer
Averett University announced Thursday that John Vigouroux will join the university as its first chief entrepreneurship and innovation officer. He also will lead the new Averett Center for Entrepreneurship and Innovation. The center will serve as a learning lab and entrepreneurial space for students. The goal of the center is to connect students to economic […]
