Sunday, November 3, 2024

Endowment appoints Amazon VP of economic development to board, reappoints founding member

The endowment announced a new board member to replace Novant appointee and physician Patrick Maguire at the beginning of 2025. Founding member David Sprunt, above, was also reappointed to his third term. (Courtesy New Hanover County Endowment)

NEW HANOVER COUNTY — The endowment announced a new board member to replace Novant appointee and physician Patrick Maguire at the beginning of 2025. Founding member David Sprunt was also reappointed to his third term.

READ MORE: Endowment announces new CEO Dan Winslow’s first hires, both affiliated with leader

The New Hanover Community Endowment was formed from Novant Health’s $1.5-billion purchase of New Hanover Regional Medical Center. Thursday, the organization announced Holly Sears Sullivan, Amazon’s vice president of worldwide economic development, will join the charitable organization’s board of directors. Novant partners with Amazon for its telehealth services.

“Holly’s global experience at Amazon, particularly in development and economic growth, will be invaluable to the Endowment’s work,” NHCE CEO and President Dan Winslow said in a press release. “We’re thrilled to have her on board and look forward to her contributions.”

Sullivan will replace founding board member Patrick Maguire on Jan. 1, 2025. The endowment credited Maguire for playing a pivotal role guiding $101 million in investments in the greater Wilmington community during his time as a member of the board’s investment committee.

“Patrick’s dedication has been instrumental to the Endowment’s early achievements,” Board Chair Bill Cameron said in a press release. “We deeply appreciate his impactful work and are excited to welcome Holly to build upon this foundation.”

The endowment also reappointed founding board member David Harriss Sprunt to a third term on the charitable trust’s leadership committee. Sprunt served as a de-facto chief financial officer before staff were hired and is chair of the endowment’s audit-finance committee.

Sprunt was born and raised in Wilmington and formerly worked as CPA and finance manager for Chapel Hill-based firm Bryan Properties. He returned to Wilmington in 2003 to manage his family’s timberland and commercial real estate; the Sprunt family owned the Orton Plantation in Brunswick County until it was purchased by London-based billionaire Louis Moore Bacon in 2010.

“David has been an essential leader in establishing our financial integrity,” said Winslow. “His continued service ensures stability and growth as we move forward.” 


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