NORFOLK -- Old Dominion University's Board of Visitors formally approved the change of name of its business school to the Strome College of Business and its new entrepreneurial center to the Strome Entrepreneurial Center, in recognition of an $11 million donation by Mark and Tammy Strome to the university in support of a new, multipronged program to nurture business entrepreneurs.
Mark Strome, a 1978 ODU graduate in civil engineering, is chief investment officer for the Strome Group and Strome Investment Management, L.P., based in Santa Monica, Calif.
The Strome Family Foundation, administered by Mark and Tammy Strome, invested in the creation of a university-wide entrepreneurial ecosystem, covering academics, student entrepreneurs and economic development.
Old Dominion University President John R. Broderick said the Strome Family Foundation gift will "inspire a whole new generation of entrepreneurs and innovators by creating an entrepreneurial ecosystem at the university. These future entrepreneurs will create great economic and social value in Hampton Roads and beyond. "
The name change to the Strome College of Business was approved unanimously by the Board of Visitors at its spring meeting Thursday, June 12.