Michael J. Garanzini, S.J., president and CEO of Loyola University Chicago, announced on Saturday that Robert L. Parkinson Jr. (BBA ’73, MBA ’75) has been elected as the next chairman of Loyola University Chicago’s Board of Trustees. Mr. Parkinson succeeds Michael Quinlan (PhB ’67, MBA ’70), who has served as chairman since 1999.

Mr. Parkinson, age 62, is chairman and chief executive officer of Baxter International Inc, having served in that capacity since April 2004. Prior to joining Baxter, Mr. Parkinson was dean of Loyola’s Quinlan School of Business from 2002 to 2004. Previously, he had a distinguished 25-year career at Abbott Laboratories, serving in a variety of domestic and international management and leadership positions, including as president and COO.

He has been a member of Loyola’s Board of Trustees since 2005 and was elected its vice chair in 2012. Parkinson and his wife, Elizabeth (Betty) (BS ’75), are both actively engaged alumni who support an array of University projects and initiatives. including service on the Quinlan School of Business Board of Advisors, the Blue Ribbon Task force on Student Life, and the Stritch School of Medicine Annual Award Dinner Committee. He is the 2001 recipient of the Quinlan School of Business Distinguished Leadership Award.

“We are delighted that Bob accepted this new leadership role as chairman of Loyola’s Board of Trustees” says Father Garanzini. “As a leader of a global business, Bob brings tremendous business acumen and success to the University. His background as a university administrator and his commitment to Loyola’s mission of educating the next generation of global leaders will benefit Loyola students.”

”I am extremely honored to serve my alma mater as the next chairman of this talented and dedicated group of trustees,” says Parkinson. “The trustees are well prepared to support and encourage Father Garanzini’s superb leadership and foster even more University success. We will work together to improve on an already great Loyola and hold it in trust for today’s extraordinary students, alumni, faculty, and staff, as well as for the students we will serve in Chicago and around the world.”

Mr. Parkinson is also active on a variety of industry boards and community organizations. He serves on the board of directors for Chicago-based Northwestern Memorial HealthCare and as chairman of Northwestern Lake Forest Hospital. He is currently chairman of the board of Junior Achievement of Chicago. Mr. Parkinson serves on the boards of FIRST (For Inspiration and Recognition of Science and Technology), and is the past chairman of the Executives’ Club of Chicago.