Timothy Mellon

Timothy Mellon is chairman and majority owner of Pan Am Systems, a transportation holding company.

The son of Paul Mellon and his first wife, Mary Conover Brown, Timothy Mellon holds a degree in city planning from Yale University.[1] He was the chief financier in the 1977 formation of Guilford Transportation Industries (GTI), a holding company named for his native Guilford, Connecticut.

In 1981, GTI purchased the Maine Central Railroad from U.S. Filter Corporation, adding the Boston & Maine and Delaware & Hudson railroads in 1983 and 1984, respectively, and in 1998 purchased the brand of bankrupt Pan American World Airways. The Pan Am name was subsequently succeeded by "Pan Am Clipper Connection," operated by subsidiary Boston-Maine Airways, which ceased operations in 2008 due to lack of financial fitness.[2]

Mellon stepped down as trustee of the Andrew W. Mellon Foundation in 2002 after 21 years on its board.[3]

Mellon, reportedly a resident of Saratoga, Wyoming, donated $1.5 million to Arizona's defense fund to help cover the costs of legal challenges against Arizona SB 1070.[4]

To learn more about Timothy Mellon read his autobiography at www.timsstory.com.

References

  1. ↑ Gillette, Christine, "Cambridge train yard made new," Portsmouth Herald, 30 July 1999
  2. ↑ DOT ready to pull Boston-Maine's license to fly, Seacoast Online, February 05, 2008
  3. ↑ Andrew W. Mellon Foundation in 2002 after 21 years on its board.2002 President's Report, Andrew W. Mellon Foundation.
  4. ↑ Rough, Ginger (3 September 2010). "Ariz. immigration law's legal costs could top $1 million". USA Today. Retrieved 16 March 2011.


This article is issued from Wikipedia - version of the Sunday, April 03, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.