Paul D. Paganucci

Paul D. Paganucci, a Colby trustee since 1975, died at his home in Hanover, N.H., on February 26 at the age of 69. A native of Waterville, he earned degrees at Dartmouth, the Amos Tuck School and Harvard Law School prior to a distinguished career in business, finance and academe. During his career he served as president and later chair of the executive committee of W.R. Grace & Co.; as president of Lombard, Vitalis & Paganucci Inc., a member of the New York Stock Exchange; as vice president, treasurer and chief financial officer at Dartmouth College; and as founding chairman of Ledyard National Bank in Hanover.

He and his wife, Marilyn, endowed scholarships at Colby, and last year they established the Paul and Marilyn Paganucci Chair in Italian Language and Literature. Paganucci led the trustees' Investment Committee for many years and was credited for the successful performance of the endowment and its diversification into new investment vehicles. He was praised as "the conscience of the board" for the fiscal discipline he brought to the College's investment strategies, which emphasized long-term priorities and especially growth of the endowment.

He is survived by his wife and two children, Elizabeth and Thomas, both of New Hampshire.