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News & Press: VABIO News

Virginia Biotech Park Appoints Executive Director and President/CEO

Monday, September 15, 2014  
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The Virginia Biotechnology Research Park Authority and Corporation Boards unanimously approved the appointment of Carrie Roth as the Executive Director of the Authority and President/CEO of the Corporation, effective September 9, 2014. Roth has been serving as the Interim Executive Director and President/CEO since December 2013 and prior to that held the position of Deputy Secretary of Commerce and Trade for Governor Bob McDonnell.

Roth brings over 20 years of broad experience in government, non-profit organizations and the private sector to the position. She helped lead the successful effort before the General Assembly to provide over $113 million in new economic development funding – including over $57 million to support Virginia’s innovation economy. In addition, she worked with the technology community and the Virginia General Assembly to bring new tools to encourage entrepreneurship based on best practices from across the country.

“We are thrilled to officially make Carrie the leader of the Biotech Park,” said Dr. Michael Rao, President of Virginia Commonwealth University and chairman of the Park’s Authority and Corporation Boards. “She has demonstrated a passion for moving the Park forward and making it the center of an innovation community in Richmond. Her ability to excite and engage stakeholders, state and local officials, and private companies will only lead to great things for the region.”

Also, the Boards have approved a strategic vision to reposition and rebrand the Virginia Biotechnology Research Park as a core component of a comprehensive regional innovation system - integrating the present Research Park site with its adjacent context – and defining the place as a larger, integrated, coordinated district forming a knowledge-based community. In addition, the Corporation Board, a 501(c)3 entity, will evolve into an innovation council with a regional focus – better defining representation to reflect the innovation ecosystem stakeholders; maintaining the current state, local and university-led representation; and fulfilling its educational and scientific purposes.

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