Ray Stata
Raymond Stuart Stata is a cofounder and Chairman of the Board of Analog Devices, Inc..[1]
A native of Pennsylvania, Stata earned BSEE and MSEE degrees from MIT. In 1965 he founded Analog Devices with MIT classmate Matthew Lorber in Cambridge, Massachusetts. Stata was President of the company from 1971 to 1991 and served as CEO from 1973 to 1996. In 1973, he was named as Chairman of the Board, a role he continues to hold.
Before founding Analog Devices, Stata founded Solid State Instruments, a company which was later acquired by Kollmorgen Corporation's Inland Controls Division.
Besides ADI, Stata is founder of Stata Venture Partners,[2] a venture capital firm in the Boston area that funded many Boston area startups like Nexabit Networks, acquired by Lucent for $960M at the high water mark of the dot-com bubble in June 1999.[3]
As co-founder and the first President of the Massachusetts High Technology Council, Stata advocated that engineering education and university research funding were a shared responsibility of government and industry. He remains a member of the Board of Directors of the MHTC.[4] One educational initiative from the MHTC is the Massachusetts STEM Collaborative, which Stata is co-chairs, that is dedicated to nurturing interest in math and science among students in K through 12 grade levels. Another is the Retired Engineers In Education program which brings scientists and engineers into middle school classrooms to teach math and science.
At the federal level, Stata served on the Executive Committee of the Council on Competitiveness from 1987 to 2005. Stata's service on the Malcolm Baldrige National Quality Award Board of Overseers stemmed from his professional commitment to total quality management. He was also a founder of the Center for Quality of Management in 1989.
A graduate of the Massachusetts Institute of Technology (MIT), Stata is now Chairman of the Visiting Committee of the Department of Electrical Engineering and Computer Science. In 1984 he was elected to MIT's Corporation[5] and today is a member of its Executive Committee. In 1987-1988 he served as President of the MIT Alumni Association.
In 1997, Stata made a significant donation to the construction of a new academic complex on the MIT campus called the Ray and Maria Stata Center. The building was designed by Frank Gehry.
Stata is a member of the American Academy of Arts and Sciences and the National Academy of Engineering, and was the recipient of the 2003 IEEE Founder's Medal.
Ray Stata and his wife Maria have a son Raymie and a daughter Nicole. Raymie is also an entrepreneur, who graduated from MIT. Raymie, named Yahoo!'s CTO in 2010, founded Stata Labs (acquired by Yahoo! in 2004). Nicole is a prominent member of the Boston startup community, founding Boston Seed Capital, a seed group that invests in many early stage internet startups.
Stata was chosen to be the MIT 2010 Commencement speaker.[6][7]
He is a life trustee and major donor to the Boston Symphony Orchestra.[8]
References
- ↑ ADI Executives and Bios page
- ↑ Stata Venture Partners,
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- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lipinskiand, Pearle; McQueen, Rob, "Stata chosen as the 2010 commencement speaker", MIT The Tech (newspaper), March 16, 2010
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Trustees of the Boston Symphony Orchestra
