Chuck Hoover pays forward his blessings as a mentor for Malone students
Chuck Hoover now serves as the Pendle Hill Executive in Residence at Malone, and is the director of the new Student Managed Investment Fund Club.
An experience as a student at the College of Wooster shaped the course of Chuck Hoover’s life, leading him to a long and rewarding career as an investment manager and a community leader in Stark County. Now serving Malone University as the Pendle Hill Executive in Residence, Hoover hopes to create similar meaningful experiences for Malone students.
“Students were required to attend chapel services at the College of Wooster in the years before I enrolled and if you didn’t show up, they would fine you,” said Hoover. “Through the years, this pot of money grew and there wasn’t any designation for use of the money. At that time, one of the economics professors suggested that the College allow students to manage those funds for a purpose. It was decided that the money from investments would go to scholarships. That student aid fund was in place when I enrolled and our investment club met weekly and discussed presentations on what stocks we should buy. We debated and made decisions. This was largely what led to my interest in investment management. It is how my career began.”
Recently retired after managing investments for high net worth individuals for two firms in the Canton market for more than 30 years, Hoover’s new role allows him to serve as a mentor to Malone students, connect Malone with the region’s business community, and help develop and lead the University’s new Student Managed Investment Club.
“The way that I work is that I let God lead me,” said Hoover. “I was going to retire and had lots of interests I wanted to continue to pursue. After talking with some wonderful people here at Malone, the role came together and I couldn’t be more pleased.”
Malone’s Student Managed Investment Club was launched this semester and is open to students from any major. The club, with direction from Hoover, will manage a portion of the Malone endowment.
“We’re going to spend time discussing real life management of real money,” said Hoover. “Our focus will be the hands-on experience of managing a portfolio, the types of research we do, and the kind of decisions we make. I’m very eager to get started as Malone students have been extraordinary to work with in my time here,” said Hoover, who recently led a service-learning trip to Arizona with Professor of Business Administration Emeritus Jack Harris.
Hoover, who directs the local Hoover Foundation and is a descendant of the founders of the North Canton-based Hoover Company, also relishes his role in connecting Malone personnel with the Greater Stark County business community.
“The City of Canton is better because of Malone, and Malone is better because of the City of Canton,” said Hoover. “I want people in the city to come and experience this campus and this community because we have a lot to offer here. And I want Malone students to go out and benefit from all that is offered in our region.”
As he has done throughout his career, and his life, Hoover is called by his faith to make a difference in people’s lives.
“I feel blessed by this opportunity,” said Hoover. “I have been blessed throughout my life. God has led me to do other important things at Malone. If I can pay these blessings forward, that will be wonderful.”
Hoover and his wife, Rosemarie, have two grown children. He invites Malone students to reach out to him through his email email@example.com.
“I’d love to meet students for coffee and get to know them,” said Hoover.