CHAPEL HILL – Corporate executive David Routh is UNC’s new Vice Chancellor for Development. Chancellor Carol Folt made the announcement during Thursday’s Board of Trustees meeting, though Routh was not in attendance.

“He has an extensive background in leadership and experience in fundraising, collaboration, and he shares a passion and aspiration for Carolina that I think will be serving us all extremely well as we go forward,” Folt said.

Routh, an alumnus of Carolina, has connections to philanthropy on campus as a staff member and volunteer. He is a managing director for U.S. Trust/Bank of America Private Wealth Management in Raleigh.

Folt selected Routh after a nationwide search that began in January of this year. Former UNC Chancellor Holden Thorp appointed an 11-member committee to find candidates for the position.

As Vice Chancellor, Routh will be the University’s senior development officer and will work closely with campus fundraising offices and affiliated foundations that support Carolina.

The job was formerly held by Matt Kupec; he resigned in September 2012 after it was discovered that he made improper trips on the University’s expense with Tami Hansbrough, mother of Tar Heel basketball star Tyler Hansbrough.

Tami Hansbrough, who also worked for the UNC at the time as a fundraiser, resigned as well.