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University of Alabama receives largest donation in school history

The University of Alabama announced its biggest donation in school history Monday.

Marillyn A. Hewson, chairman, president and CEO of Lockheed Martin Corp., and her husband, James Hewson, pledged $15 million to the university to go towards the Culverhouse College of Business.

“I am deeply thankful for the strong business education I received at the University of Alabama,” Marillyn Hewson said. “That education helped prepare me for many of the challenges and opportunities I’ve encountered throughout my career – from the day I joined the company as an industrial engineer to my current role as CEO.”

The Hewsons both graduated from the university, with Marillyn having received a bachelor’s degree in business administration and a master’s in economics, while James received a bachelor’s in communication.

“This is a remarkable gift from a truly incredible, successful and compassionate couple,” University of Alabama President Stuart R. Bell said of the donation. “Their commitment to and ongoing support of our Culverhouse College of Business reflects a confidence in the important teaching, research and service we do every day.”

In 2017, the couple gave the school $5 million in support of the Marillyn Hewson Faculty Fellows Program in Data Analytics and Cyber Security, a high-tech Data Analytics and Cyber Security lab, and an endowed undergraduate scholarship and graduate assistantship.

Marillyn was honored in New York City Monday as the 2018 Chief Executive of the Year by Chief Executive magazine.

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