Clemmie Spangler

Clemmie Spangler
Born Clemmie Dixon Spangler Jr.
(1932-04-05)April 5, 1932
Charlotte, North Carolina, U.S.
Died July 22, 2018(2018-07-22) (aged 86)
Nationality American
Other names C. D. Spangler
Dick Spangler
Alma mater University of North Carolina
Harvard University
Occupation Businessman
Known for Owner, National Gypsum
Net worth US$4.2 billion (July 2018)[1]
Spouse(s) Meredith Riggs Spangler
Children 2 daughters
Parent(s) Clemmie Dixon Spangler Sr.
Relatives Thomas C. Nelson (son-in-law)

Clemmie Dixon Spangler Jr. (April 5, 1932 – July 22, 2018) was an American billionaire businessman, and the owner of National Gypsum.[2] On the Forbes 2016 list of the world's billionaires, he was ranked #722 with a net worth of US$2.4 billion.[2] He was president of the University of North Carolina from 1986 to 1997.

Early life

Clemmie Spangler was born in Charlotte, North Carolina, in 1932.[2][3] He graduated from the University of North Carolina at Chapel Hill, where he was a member of Sigma Alpha Epsilon fraternity, and received an MBA from Harvard University.[2]

His father, Clemmie Dixon Spangler Sr., founded C. D. Spangler Construction Company in 1947.[4]

Career

In 1958, Spangler joined his father's company, C.D. Spangler Construction, and became president, post he held for 28 years.[5]

Spangler went on to head his father's bank, the Bank of North Carolina, merging it with NCNB in 1982. NCNB is now part of Bank of America.[2]

He entered public service as a member of the Charlotte-Mecklenburg Board of Education in the 1970s. From 1982 to 1986 he served as chair of North Carolina's Board of Education.[2] He then served as president of the University of North Carolina system, from 1986 to 1997.[2] As president, he was a staunch advocate for keeping tuition costs low, and he donated his salary to individual campuses in the UNC system.[5]

In 1995, Spangler took over National Gypsum for $1.2 billion, through Delcor Inc., a private investment company controlled by him.[6] Spangler had been chairman of National Gypsum and owned 20% of the company, and his family went on to own the whole company.[6][7]

Philanthropy

Spangler served as President of Harvard University's Board of Overseers from 2003 to 2004.[2] The Spangler Center at Harvard Business School is named for him.[2] Through his C.D. Spangler Foundation, he donated to the University of North Carolina, Harvard University, and to Charlotte's Teach for America.[2] As a hobby, he liked to fix old clocks.[2][8]

Personal life

Spangler was married to Meredith Riggs Spangler.[2][9] She graduated from Wellesley College in 1955, and their betrothal was announce in the New York Times in March 1960.[10] She was the daughter of Arad McCutchan Riggs and Frieda Wildy Riggs (1907-2000).[11]

They had two daughters, Anna Spangler Nelson, and Abigail Riggs Spangler.[2][9][12][13]

In 1990, Anna Wildy Spangler, married fellow 1988 Harvard Business School graduate Thomas C. Nelson, and he has been chairman and CEO of National Gypsum since 1999.[14][15]

In 1995, Abigail Riggs Spangler married lawyer Jeffrey Donald Nuechterlein, son of Donald Nuechterlein of Charlottesville, Virginia, who was a professor of international relations at the Federal Executive Institute.[16] She has a bachelor's degree from Wellesley College and a master's degree in political science from Columbia University.[16]

References

  1. ↑ "Forbes profile: Clemmie Spangler, Jr". Forbes. Retrieved 24 July 2018.
  2. 1 2 3 4 5 6 7 8 9 10 11 12 13 "The World's Billionaires (2016 ranking): #722 Clemmie Spangler Jr". Forbes. March 1, 2016. Retrieved 2017-01-02.
  3. ↑ Supplement to Who's who in America. 44. Marquis Who's Who. 1987. Retrieved 2015-05-15.
  4. ↑ "CD Spangler Construction Co: Company Profile - Bloomberg". Bloomberg. Retrieved 24 July 2018.
  5. 1 2 "C.D. Spangler Jr., former UNC president and Charlotte businessman, dies". newsobserver.com. Retrieved 24 July 2018.
  6. 1 2 Gilpin, Kenneth N. "Gypsum Accepts Sweetened Bid Of $1.2 Billion". nytimes.com. Retrieved 28 July 2018.
  7. ↑ "Excellence Across the Board - CLT Biz". clt.biz. Retrieved 28 July 2018.
  8. ↑ 'Clemmie Dixon Spangler Jr. On Grandfather Clocks', in Forbes magazine, 09.25.10
  9. 1 2 http://www.historync.org/laureate%20-%20CD%20Spangler%20Jr.htm
  10. ↑ "Meredith Riggs, 1955 Debutante, Plans Marriage; Wellesley Alumna and Clemmie Spangler Jr., Veteran, Betrothed". nytimes.com. Retrieved 27 July 2018.
  11. ↑ "Paid Notice: Deaths RIGGS, FRIEDA WILDY". nytimes.com. Retrieved 27 July 2018.
  12. ↑ "HBS Alumni Leader, Benefactor Dies at 86 - Alumni - Harvard Business School". www.alumni.hbs.edu. Retrieved 27 July 2018.
  13. ↑ "Spangler Family Gift Endows New Campus Center - Alumni - Harvard Business School". www.alumni.hbs.edu. Retrieved 27 July 2018.
  14. ↑ "T. C. Nelson Weds Anna Spangler". nytimes.com. Retrieved 28 July 2018.
  15. ↑ "Executive Profile: Thomas C. Nelson". Bloomberg LP. Retrieved 28 July 2018.
  16. 1 2 "WEDDINGS; Abigail Spangler, J. D. Nuechterlein". nytimes.com. Retrieved 28 July 2018.
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