Samford University's trustee executive committee elected two new faculty members and received the annual audit in their regular meeting March 6.
The executive committee is authorized to act on behalf of the full board between regularly scheduled trustees meetings.
Stefan C. Norrbin was elected professor of economics, and Melissa K. Woodley was elected assistant professor of finance, both effective Aug. 20, 2007.
Norrbin currently is a professor at Florida State University. He earned a doctor of philosophy degree from Arizona State University. Woodley is a visiting professor at the University of Alabama at Birmingham and will receive a Ph.D. in finance from the University of Alabama in May.
Trustees also received the annual audit for the 2005-06 fiscal year. Among the audit highlights were that no "material weaknesses or significant deficiencies" were found, according to university officials. At the end of the fiscal year, Samford's endowment was listed as $278 million.
Trustees also formally approved the naming of the Darwin C. Hardison Tennis Courts as part of Samford's new tennis center. The 6 outdoor courts replace the previous Hardison tennis facility that was eliminated with the construction of the new Pete Hanna Center.
Two new advisory board members were approved for Samford's School of Business: Robert Lee Smith Jr., executive vice president of Compass Bank in Birmingham, and Tim Taylor of Birmingham, a project consultant for NASA, the U.S. Department of Defense and other entities.