News Talk 94.1/AM 1600 Where The Upper Cumberland Talks
Millard Oakley has announced his retirement from the Tennessee Tech University Board of Trustees.
In a letter to the board and to Tech President Phil Oldham, the 87-year-old Oakley shared that he has other business interests out-of-state and needed to cut back on other activities.
Oakley expressed his appreciation and respect for the board members and the time that they have devoted to the university. He stated that he appreciated the opportunity of serving and being associated with President Oldham and the members of the board.
Board Chairman Tom Jones was out of town when he learned of Oakley’s retirement, but issued the following statement.
“I appreciate having served on the inaugural Board of Trustees with Mr. Oakley because we gained the benefit of his wisdom, experience and leadership,” Jones said. “I am grateful for his willingness to answer the call to serve the university.”
Governor Bill Haslam will be in charge of appointing someone to replace Oakley’s position.
Millard and wife, JJ Oakley, have supported education and quality of life in the Upper Cumberland for decades. The Oakley’s generosity is focused on providing educational opportunities in the area, including a substantial financial contribution to Tennessee Tech University and other educational functions in the area.
“Seems to me we ought to put more into society than we take out,” Oakley said. “And it’s not necessarily about money. People who render service put more into society than they take out. My wife and I have always wanted to do that.”
Oakley served on the Tennessee Board of Regents from 2006-2012. He was honored with the Tennessee Board of Regents’ Award for Excellence in Philanthropy in 2011.
