Florida Prepaid College Board Members
Mission Statement: The Florida Prepaid College Board is committed to helping Floridians save for future qualified higher education expenses by providing a cost-effective, financially sound Prepaid College Plan and other college savings programs.
About the Board
The Florida Prepaid College Board has seven members, including the Chief Financial Officer of Florida, the Attorney General of Florida, the Chancellor of the Board of Governors of the State University System of Florida, the Chancellor of the Division of Florida Colleges of the Florida Department of Education, or their designees, and three members appointed by the Governor and subject to confirmation by the Florida Senate.
The Florida Prepaid College Board manages the Stanley G. Tate Florida Prepaid College Program and the Florida 529 Savings Plan. Both are tax-favored 529 college savings plans authorized by Section 529 of the Internal Revenue Code. The Board establishes policy and actively oversees the investment and financial performance of the programs. There are 14 positions (FTE) authorized by the Board, including an Executive Director appointed to oversee the day-to-day operations of the Board and its programs.
Chairman John D. Rood
Ambassador John D. Rood was appointed to the Florida Prepaid College Board by Governor Rick Scott in 2016 and is the current Chairman of the Board. Mr. Rood is the founder and chairman of The Vestcor Companies. He served as United States Ambassador to the Commonwealth of the Bahamas from 2004 until 2007. Mr. Rood previously served as a member of the Florida Fish and Wildlife Conservation Commission and the Board of Governors of the State University System. He is on the Board of Trustees of Flagler College and previously served as a board member for Episcopal High School and Teach for America. Mr. Rood received his bachelor’s degree from the University of Montana.
Mark Agustin served as the Chief Operating Officer for Provident Management Corporation, a leading operator and provider of hospitality management services, and was responsible for corporate strategy and oversight of the day-to-day operations. Prior to joining Provident, Mr. Agustin served as President of Aspire Financial Services, a leading provider of technology enabled financial processing services within the U.S. retirement industry. While at Aspire, Mark helped successfully lead the full transformation of the company’s business strategy and ultimate strategic merger with another firm. Prior to Aspire, Mark served in various executive leadership roles with Carrier Enterprise, PMSI/AmerisourceBergen, Zavata, Watsco, IMR Global, and HealthPlan Services. Mr. Agustin received his Bachelor of Science degree in Finance and Accounting from Widener University.
Marshall M. Criser III
Mr. Criser was named Chancellor of the State University System of Florida in January 2014. Mr. Criser represented the business community by serving as the former president of AT&T Florida. His community service includes terms as vice chair of the University of Florida’s Board of Trustees, chair of the Florida Chamber of Commerce and chair of Florida TaxWatch. A Florida native, Mr. Criser graduated from the University of Florida with a degree in business administration and completed an Advanced Management Programme at INSEAD of Fountainebleau, France.
Chancellor Kathy Hebda has committed more than 30 years to improving education for students in Florida across all educational sectors. As Chancellor of the Florida College System’s 28 institutions, she continues to advocate for open access for all Floridians to high-quality, affordable postsecondary education. Chancellor Hebda began her educational career in Florida’s and Georgia’s public school system as a middle school chorus teacher. She came to the Florida Department of Education (FDOE) in 1992 first serving as a program specialist, policy coordinator, and administrator of the District Certification Partnership Training Program in the Bureau of Educator Certification. Hebda also held positions as FDOE’s Deputy Public School Chancellor for Educator Quality, as well as Chief of the Bureau of Educator Recruitment, Development, and Retention. Before becoming Chancellor of the Florida College System, Hebda served as Chief of Staff to Florida’s former Commissioner of Education Pam Stewart. Chancellor Hebda earned her master’s degree in Music Education from Florida State University and a bachelor’s degree in Music Education from Newberry College in South Carolina.
Mr. Lovett is managing director and co-founding partner of Lovett Miller & Co., a Florida-based venture capital and private equity firm that invests in privately held companies primarily in the Southeastern United States. Mr. Lovett has also served as founder, chairman and chief executive officer of two successful growth companies, TowerCom Development, LP, and TowerCom Limited. In addition, Mr. Lovett formerly served as a member of the board of trustees for the University of North Florida and also served as president of the foundation board and co-chairman of the University of North Florida’s Capital Campaign. He is also a former chairman of the Youth Crisis Center and the Jacksonville Jaguars Honor Rows program. Mr. Lovett graduated from Harvard College and lives in Atlantic Beach, Florida.
Jim W. Rasmussen
James W. Rasmussen was appointed to the Florida Prepaid College Board in December 2015 by Governor Rick Scott. Mr. Rasmussen is the former Chairman, President and CEO of SunTrust Bank, South Florida. Mr. Rasmussen’s career with SunTrust spanned 37 years. Mr. Rasmussen has been active in community and civic affairs, maintaining leadership positions throughout his career. He currently serves as a Director on the Advisory Board of SunTrust Bank, North Florida and mentors students at the Florida State University College of Business. Mr. Rasmussen graduated from Bradley University with a Bachelor of Science degree in accounting and earned his graduate degree from the Stonier Graduate School of Banking. Mr. Rasmussen is a graduate of Leadership Florida, Class XIII.
Adria D. Starkey
Adria D. Starkey was appointed to the Florida Prepaid College Board by Governor Rick Scott in December 2015. Ms. Starkey serves as the Collier County President for FineMark National Bank & Trust. Ms. Starkey has three decades of experience in financial services. Prior to joining FineMark, Ms. Starkey was Chief Operating Officer of The Sanibel Captiva Trust Company and President of The Naples Trust Company. She is currently on the Foundation Board for Healthcare Network of Southwest Florida, the Board of Directors for Gulfshore Playhouse and the Friends of Baker Park Board of Directors. She is currently a trustee of the Naples Children and Education Foundation. Ms. Starkey holds a degree in finance from the University of Florida and has done postgraduate work at Florida International University, University of Miami and the University of North Carolina.