Samuel W. Bodman
Encyclopedia
Samuel Wright Bodman III (born November 26, 1938) was a United States Secretary of Energy
United States Secretary of Energy
The United States Secretary of Energy is the head of the United States Department of Energy, a member of the President's Cabinet, and fifteenth in the presidential line of succession. The position was formed on October 1, 1977 with the creation of the Department of Energy when President Jimmy...

 and was previously Deputy Secretary of the U.S. Treasury Department
United States Department of the Treasury
The Department of the Treasury is an executive department and the treasury of the United States federal government. It was established by an Act of Congress in 1789 to manage government revenue...

.

Early life, career, and family

Born in Chicago, Illinois on November 26, 1938, Bodman spent his early years in the Chicago suburbs, before he graduated in 1961 with a Bachelor of Science
Bachelor of Science
A Bachelor of Science is an undergraduate academic degree awarded for completed courses that generally last three to five years .-Australia:In Australia, the BSc is a 3 year degree, offered from 1st year on...

 in chemical engineering
Chemical engineering
Chemical engineering is the branch of engineering that deals with physical science , and life sciences with mathematics and economics, to the process of converting raw materials or chemicals into more useful or valuable forms...

 from Cornell University
Cornell University
Cornell University is an Ivy League university located in Ithaca, New York, United States. It is a private land-grant university, receiving annual funding from the State of New York for certain educational missions...

. He was a member of Alpha Sigma Phi
Alpha Sigma Phi
Alpha Sigma Phi Fraternity is a social fraternity with 71 active chapters and 9 colonies. Founded at Yale in 1845, it is the 10th oldest fraternity in the United States....

 Fraternity and the Sphinx Head Society. In 1965, he completed his Doctor of Science
Doctor of Science
Doctor of Science , usually abbreviated Sc.D., D.Sc., S.D. or Dr.Sc., is an academic research degree awarded in a number of countries throughout the world. In some countries Doctor of Science is the name used for the standard doctorate in the sciences, elsewhere the Sc.D...

 in chemical engineering
Chemical engineering
Chemical engineering is the branch of engineering that deals with physical science , and life sciences with mathematics and economics, to the process of converting raw materials or chemicals into more useful or valuable forms...

 at the Massachusetts Institute of Technology
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...

. For the next six years he served as an Associate Professor of Chemical Engineering at MIT and began his work in the financial sector as Technical Director of the American Research and Development Corporation
American Research and Development Corporation
American Research and Development Corporation was a venture capital and private equity firm founded in 1946 by Georges Doriot, the "father of venture capitalism" , with Ralph Flanders and Karl Compton .ARDC is credited with the first major venture capital success story when its 1957 investment of...

, a venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...

 firm.

From there, Bodman went to Fidelity Venture Associates, a division of the Fidelity Investments
Fidelity Investments
FMR LLC or Fidelity Investments is an American multinational financial services corporation one of the largest mutual fund and financial services groups in the world. It was founded in 1946 and serves North American investors. Fidelity Ventures is its venture capital arm...

. In 1983 he was named President and Chief Operating Officer
Chief operating officer
A Chief Operating Officer or Director of Operations can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite"...

 of Fidelity Investments and a Director of the Fidelity Group of Mutual Funds. In 1987, he joined Cabot Corporation
Cabot Corporation
Cabot Corporation is a specialty chemicals and performance materials company. It operates in four segments: the Carbon Black Business, the Metal Oxides Business, the Supermetals Business, and the Specialty Fluids Business. Cabot's headquarters is located in Boston, Massachusetts...

, a Boston
Boston
Boston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...

-based Fortune 300 company with global business activities in specialty chemicals and materials, where he served as Chairman, Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...

, and a Director.

Bodman is a former Director of M.I.T.'s School of Engineering Practice and a former member of the M.I.T. Commission on Education. He also served as a member of the Executive and Investment Committees at M.I.T., a member of the American Academy of Arts & Sciences, and a Trustee of the Isabella Stewart Gardner Museum
Isabella Stewart Gardner Museum
The Isabella Stewart Gardner Museum or Fenway Court, as the museum was known during Isabella Stewart Gardner's lifetime, is a museum in the Fenway-Kenmore neighborhood of Boston, Massachusetts, located within walking distance of the Museum of Fine Arts and near the Back Bay Fens...

 and the New England Aquarium
New England Aquarium
The New England Aquarium is an aquarium located in Boston, Massachusetts.In addition to the main aquarium building, attractions at the New England Aquarium include the Simons IMAX Theatre and the New England Aquarium Whale Watch, which operates from April through November...

.

He is a former director of E. I. du Pont de Nemours and Company
DuPont
E. I. du Pont de Nemours and Company , commonly referred to as DuPont, is an American chemical company that was founded in July 1802 as a gunpowder mill by Eleuthère Irénée du Pont. DuPont was the world's third largest chemical company based on market capitalization and ninth based on revenue in 2009...

.

Bodman is married to M. Diane Bodman. He has three children, two stepchildren, and eight grandchildren.

Bush Administration

Bodman served as Deputy Secretary of the Treasury in the George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....

 Administration beginning in February 2004. He also served the Bush Administration as the Deputy Secretary of Commerce beginning in 2001.

On December 10, 2004, Bodman was nominated to replace Spencer Abraham
Spencer Abraham
Edmund Spencer Abraham is a former United States Senator from Michigan. He served as the tenth United States Secretary of Energy, serving under President George W. Bush. Abraham is one of the founders of the Federalist Society....

 as the United States Secretary of Energy
United States Secretary of Energy
The United States Secretary of Energy is the head of the United States Department of Energy, a member of the President's Cabinet, and fifteenth in the presidential line of succession. The position was formed on October 1, 1977 with the creation of the Department of Energy when President Jimmy...

 and was confirmed unanimously by the United States Senate
United States Senate
The United States Senate is the upper house of the bicameral legislature of the United States, and together with the United States House of Representatives comprises the United States Congress. The composition and powers of the Senate are established in Article One of the U.S. Constitution. Each...

 on January 31, 2005, taking office the next day. He led the Department of Energy with a budget in excess of $23 billion and over 100,000 federal and contractor employees.

General


Articles by Samuel Bodman


Samuel Wright Bodman III (born November 26, 1938) was a United States Secretary of Energy
United States Secretary of Energy
The United States Secretary of Energy is the head of the United States Department of Energy, a member of the President's Cabinet, and fifteenth in the presidential line of succession. The position was formed on October 1, 1977 with the creation of the Department of Energy when President Jimmy...

 and was previously Deputy Secretary of the U.S. Treasury Department
United States Department of the Treasury
The Department of the Treasury is an executive department and the treasury of the United States federal government. It was established by an Act of Congress in 1789 to manage government revenue...

.

Early life, career, and family

Born in Chicago, Illinois on November 26, 1938, Bodman spent his early years in the Chicago suburbs, before he graduated in 1961 with a Bachelor of Science
Bachelor of Science
A Bachelor of Science is an undergraduate academic degree awarded for completed courses that generally last three to five years .-Australia:In Australia, the BSc is a 3 year degree, offered from 1st year on...

 in chemical engineering
Chemical engineering
Chemical engineering is the branch of engineering that deals with physical science , and life sciences with mathematics and economics, to the process of converting raw materials or chemicals into more useful or valuable forms...

 from Cornell University
Cornell University
Cornell University is an Ivy League university located in Ithaca, New York, United States. It is a private land-grant university, receiving annual funding from the State of New York for certain educational missions...

. He was a member of Alpha Sigma Phi
Alpha Sigma Phi
Alpha Sigma Phi Fraternity is a social fraternity with 71 active chapters and 9 colonies. Founded at Yale in 1845, it is the 10th oldest fraternity in the United States....

 Fraternity and the Sphinx Head Society. In 1965, he completed his Doctor of Science
Doctor of Science
Doctor of Science , usually abbreviated Sc.D., D.Sc., S.D. or Dr.Sc., is an academic research degree awarded in a number of countries throughout the world. In some countries Doctor of Science is the name used for the standard doctorate in the sciences, elsewhere the Sc.D...

 in chemical engineering
Chemical engineering
Chemical engineering is the branch of engineering that deals with physical science , and life sciences with mathematics and economics, to the process of converting raw materials or chemicals into more useful or valuable forms...

 at the Massachusetts Institute of Technology
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...

. For the next six years he served as an Associate Professor of Chemical Engineering at MIT and began his work in the financial sector as Technical Director of the American Research and Development Corporation
American Research and Development Corporation
American Research and Development Corporation was a venture capital and private equity firm founded in 1946 by Georges Doriot, the "father of venture capitalism" , with Ralph Flanders and Karl Compton .ARDC is credited with the first major venture capital success story when its 1957 investment of...

, a venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...

 firm.

From there, Bodman went to Fidelity Venture Associates, a division of the Fidelity Investments
Fidelity Investments
FMR LLC or Fidelity Investments is an American multinational financial services corporation one of the largest mutual fund and financial services groups in the world. It was founded in 1946 and serves North American investors. Fidelity Ventures is its venture capital arm...

. In 1983 he was named President and Chief Operating Officer
Chief operating officer
A Chief Operating Officer or Director of Operations can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite"...

 of Fidelity Investments and a Director of the Fidelity Group of Mutual Funds. In 1987, he joined Cabot Corporation
Cabot Corporation
Cabot Corporation is a specialty chemicals and performance materials company. It operates in four segments: the Carbon Black Business, the Metal Oxides Business, the Supermetals Business, and the Specialty Fluids Business. Cabot's headquarters is located in Boston, Massachusetts...

, a Boston
Boston
Boston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...

-based Fortune 300 company with global business activities in specialty chemicals and materials, where he served as Chairman, Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...

, and a Director.

Bodman is a former Director of M.I.T.'s School of Engineering Practice and a former member of the M.I.T. Commission on Education. He also served as a member of the Executive and Investment Committees at M.I.T., a member of the American Academy of Arts & Sciences, and a Trustee of the Isabella Stewart Gardner Museum
Isabella Stewart Gardner Museum
The Isabella Stewart Gardner Museum or Fenway Court, as the museum was known during Isabella Stewart Gardner's lifetime, is a museum in the Fenway-Kenmore neighborhood of Boston, Massachusetts, located within walking distance of the Museum of Fine Arts and near the Back Bay Fens...

 and the New England Aquarium
New England Aquarium
The New England Aquarium is an aquarium located in Boston, Massachusetts.In addition to the main aquarium building, attractions at the New England Aquarium include the Simons IMAX Theatre and the New England Aquarium Whale Watch, which operates from April through November...

.

He is a former director of E. I. du Pont de Nemours and Company
DuPont
E. I. du Pont de Nemours and Company , commonly referred to as DuPont, is an American chemical company that was founded in July 1802 as a gunpowder mill by Eleuthère Irénée du Pont. DuPont was the world's third largest chemical company based on market capitalization and ninth based on revenue in 2009...

.

Bodman is married to M. Diane Bodman. He has three children, two stepchildren, and eight grandchildren.

Bush Administration

Bodman served as Deputy Secretary of the Treasury in the George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....

 Administration beginning in February 2004. He also served the Bush Administration as the Deputy Secretary of Commerce beginning in 2001.

On December 10, 2004, Bodman was nominated to replace Spencer Abraham
Spencer Abraham
Edmund Spencer Abraham is a former United States Senator from Michigan. He served as the tenth United States Secretary of Energy, serving under President George W. Bush. Abraham is one of the founders of the Federalist Society....

 as the United States Secretary of Energy
United States Secretary of Energy
The United States Secretary of Energy is the head of the United States Department of Energy, a member of the President's Cabinet, and fifteenth in the presidential line of succession. The position was formed on October 1, 1977 with the creation of the Department of Energy when President Jimmy...

 and was confirmed unanimously by the United States Senate
United States Senate
The United States Senate is the upper house of the bicameral legislature of the United States, and together with the United States House of Representatives comprises the United States Congress. The composition and powers of the Senate are established in Article One of the U.S. Constitution. Each...

 on January 31, 2005, taking office the next day. He led the Department of Energy with a budget in excess of $23 billion and over 100,000 federal and contractor employees.

General


Articles by Samuel Bodman


Samuel Wright Bodman III (born November 26, 1938) was a United States Secretary of Energy
United States Secretary of Energy
The United States Secretary of Energy is the head of the United States Department of Energy, a member of the President's Cabinet, and fifteenth in the presidential line of succession. The position was formed on October 1, 1977 with the creation of the Department of Energy when President Jimmy...

 and was previously Deputy Secretary of the U.S. Treasury Department
United States Department of the Treasury
The Department of the Treasury is an executive department and the treasury of the United States federal government. It was established by an Act of Congress in 1789 to manage government revenue...

.

Early life, career, and family

Born in Chicago, Illinois on November 26, 1938, Bodman spent his early years in the Chicago suburbs, before he graduated in 1961 with a Bachelor of Science
Bachelor of Science
A Bachelor of Science is an undergraduate academic degree awarded for completed courses that generally last three to five years .-Australia:In Australia, the BSc is a 3 year degree, offered from 1st year on...

 in chemical engineering
Chemical engineering
Chemical engineering is the branch of engineering that deals with physical science , and life sciences with mathematics and economics, to the process of converting raw materials or chemicals into more useful or valuable forms...

 from Cornell University
Cornell University
Cornell University is an Ivy League university located in Ithaca, New York, United States. It is a private land-grant university, receiving annual funding from the State of New York for certain educational missions...

. He was a member of Alpha Sigma Phi
Alpha Sigma Phi
Alpha Sigma Phi Fraternity is a social fraternity with 71 active chapters and 9 colonies. Founded at Yale in 1845, it is the 10th oldest fraternity in the United States....

 Fraternity and the Sphinx Head Society. In 1965, he completed his Doctor of Science
Doctor of Science
Doctor of Science , usually abbreviated Sc.D., D.Sc., S.D. or Dr.Sc., is an academic research degree awarded in a number of countries throughout the world. In some countries Doctor of Science is the name used for the standard doctorate in the sciences, elsewhere the Sc.D...

 in chemical engineering
Chemical engineering
Chemical engineering is the branch of engineering that deals with physical science , and life sciences with mathematics and economics, to the process of converting raw materials or chemicals into more useful or valuable forms...

 at the Massachusetts Institute of Technology
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...

. For the next six years he served as an Associate Professor of Chemical Engineering at MIT and began his work in the financial sector as Technical Director of the American Research and Development Corporation
American Research and Development Corporation
American Research and Development Corporation was a venture capital and private equity firm founded in 1946 by Georges Doriot, the "father of venture capitalism" , with Ralph Flanders and Karl Compton .ARDC is credited with the first major venture capital success story when its 1957 investment of...

, a venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...

 firm.

From there, Bodman went to Fidelity Venture Associates, a division of the Fidelity Investments
Fidelity Investments
FMR LLC or Fidelity Investments is an American multinational financial services corporation one of the largest mutual fund and financial services groups in the world. It was founded in 1946 and serves North American investors. Fidelity Ventures is its venture capital arm...

. In 1983 he was named President and Chief Operating Officer
Chief operating officer
A Chief Operating Officer or Director of Operations can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite"...

 of Fidelity Investments and a Director of the Fidelity Group of Mutual Funds. In 1987, he joined Cabot Corporation
Cabot Corporation
Cabot Corporation is a specialty chemicals and performance materials company. It operates in four segments: the Carbon Black Business, the Metal Oxides Business, the Supermetals Business, and the Specialty Fluids Business. Cabot's headquarters is located in Boston, Massachusetts...

, a Boston
Boston
Boston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...

-based Fortune 300 company with global business activities in specialty chemicals and materials, where he served as Chairman, Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...

, and a Director.

Bodman is a former Director of M.I.T.'s School of Engineering Practice and a former member of the M.I.T. Commission on Education. He also served as a member of the Executive and Investment Committees at M.I.T., a member of the American Academy of Arts & Sciences, and a Trustee of the Isabella Stewart Gardner Museum
Isabella Stewart Gardner Museum
The Isabella Stewart Gardner Museum or Fenway Court, as the museum was known during Isabella Stewart Gardner's lifetime, is a museum in the Fenway-Kenmore neighborhood of Boston, Massachusetts, located within walking distance of the Museum of Fine Arts and near the Back Bay Fens...

 and the New England Aquarium
New England Aquarium
The New England Aquarium is an aquarium located in Boston, Massachusetts.In addition to the main aquarium building, attractions at the New England Aquarium include the Simons IMAX Theatre and the New England Aquarium Whale Watch, which operates from April through November...

.

He is a former director of E. I. du Pont de Nemours and Company
DuPont
E. I. du Pont de Nemours and Company , commonly referred to as DuPont, is an American chemical company that was founded in July 1802 as a gunpowder mill by Eleuthère Irénée du Pont. DuPont was the world's third largest chemical company based on market capitalization and ninth based on revenue in 2009...

.

Bodman is married to M. Diane Bodman. He has three children, two stepchildren, and eight grandchildren.

Bush Administration

Bodman served as Deputy Secretary of the Treasury in the George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....

 Administration beginning in February 2004. He also served the Bush Administration as the Deputy Secretary of Commerce beginning in 2001.

On December 10, 2004, Bodman was nominated to replace Spencer Abraham
Spencer Abraham
Edmund Spencer Abraham is a former United States Senator from Michigan. He served as the tenth United States Secretary of Energy, serving under President George W. Bush. Abraham is one of the founders of the Federalist Society....

 as the United States Secretary of Energy
United States Secretary of Energy
The United States Secretary of Energy is the head of the United States Department of Energy, a member of the President's Cabinet, and fifteenth in the presidential line of succession. The position was formed on October 1, 1977 with the creation of the Department of Energy when President Jimmy...

 and was confirmed unanimously by the United States Senate
United States Senate
The United States Senate is the upper house of the bicameral legislature of the United States, and together with the United States House of Representatives comprises the United States Congress. The composition and powers of the Senate are established in Article One of the U.S. Constitution. Each...

 on January 31, 2005, taking office the next day. He led the Department of Energy with a budget in excess of $23 billion and over 100,000 federal and contractor employees.

General


Articles by Samuel Bodman

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