Gary L. Crocker
: Product, Long Term Job and Value Creation, and Funding are Critical Keys to Sustainable Utah Companies
Dale H. Ballard, Gary L. Crocker
and Michael O. Leavitt to be added to the list of renowned leaders and pioneers of the Utah Technology Industry
SALT LAKE CITY - July 28, 2010 - The Utah Technology Council (UTC) has announced Gary L. Crocker and Governor Michael O. Leavitt will be inducted into the UTC Hall of Fame, and Dale H. Ballard will be inducted posthumously.
Gary L. Crocker
Gary L. Crocker is president of Crocker Ventures, a privately-held life science investment firm funding differentiated technologies in the areas of biotechnology and medical devices.
Since 2004, he has also been chairman of Merrimack Pharmaceuticals, a personalized oncology drug company.
In addition, Crocker has held senior executive or director level positions in several Utah and national life science firms, including: chairman of ARUP Laboratories, from 1998 to 2003; director of Interleuken Genetics and LineaGen Genetics, LLC; and co-founder and director of Theratech, which was acquired in 1999 by Watson Pharmaceuticals.
In 1983, Crocker founded Research Medical, Inc., a manufacturer and marketer of specialty cardiac catheters and related medical devices utilized in open heart surgeries.
He served as the president and CEO until 1997, during which time the company generated more than a 20 percent average annual growth in both sales and earnings and was recognized for six straight years by Forbes magazine as one of "America's Best 200 Small Growth Companies.
was acquired in 1997 by Baxter International's
Edwards Life Science division, one of the world's largest medical device companies, for $236 million.
At the time, it was the largest medical device merger in Utah history.
Prior to Research Medical, Crocker was vice president of business development and director of marketing for the Sorenson Research division of Abbott Laboratories, and an internal strategic analyst for Baxter International.
In the community, Crocker has served for 15 years as chairman of the Utah Youth Village.
leadership role in the Youth Village's
program for troubled families, "Families First," has enabled the Village to serve hundreds of struggling low-income families.
Crocker is a member of the President's Leadership Council at Brigham Young University, in which he played a pivotal role both as a major donor and as a volunteer leader in its recent capital campaign.
He also served as president of the board for the Utah Opera Company, where he introduced its highly-successful Med Night.
He is a former trustee of the Deseret Foundation's Heart-Lung Research Institute.
Additionally, he served as vice-chair of the University of Utah's Board of Trustees and on the board of the University Hospital, and was a long-time director of its Research Foundation.
He has served as chairman of the University's College of Science Advisory Board and has been inducted into the College of Science Hall of Fame.
He currently serves on the Utah Technology Council Board of Trustees and as a member of the Executive Committee.
has been selected as Entrepreneur of the Year for Utah
by both Ernst & Young
and the MountainWest Capital Network.
He earned his MBA and also graduated magna cum laude with a bachelor's degree in economics from Harvard University.
wife, Ann, have seven children and were honored with the Next Generation Spirit of Giving Award at the Utah
2001 Philanthropy Day.
In 2010, the couple provided the anchor donation for the new Gary L.
and Ann S. Crocker Science Center at the University of Utah