Nova University; Ft. Lauderdale, Florida
   Doctor of Public Administration, 1978
   Master of Public Administration, 1976
Florida State University; Tallahassee, Florida
   Bachelor of Science, 1971

Flagler Holdings, Inc.
Tallahassee, Florida
1992 - present    Founder, Chairman, CEO
Flagler Capital Corporation (1992-98) provided financial advisory services and consultation, and Flagler Holdings, Inc. (1996-present) consolidated activities into a merchant banking unit that invests firm capital. From 1992 through 2000, portfolio management was provided through Augustine Asset Management (a 51% Flagler Holdings, Inc. owned company from 1996-1998).

Murphy Investment Management Company
Tallahassee, Florida and Thomasville, Georgia
2000 – present    Registered Investment Advisor; Director; Portfolio Manager;
Member, Investment Committee

Hinkle & Company
Tallahassee, Florida
1991 - present    Founder, Chairman, President
Registered Investment Advisor that provides portfolio management and strategic investment advisory services. The company has been inactive in portfolio management since 1987 but maintains a current registration.

MHI Group, Inc.
Tallahassee, Florida
1993-1995    Director
1995    Chief Executive Officer, President
The Company was evaluated from an operating and profitability standpoint, with a merger subsequently effected with The Loewen Group, Inc. in November 1995. The stock price was $6.62 per share when appointed CEO in April, and the merger and tender offer was consummated at $10.25 per share.

The State Board of Administration of Florida
Tallahassee, Florida
1987-1991    Executive Director, Chief Investment Officer
Managed trust funds for various beneficiaries as fiduciary agent. The Board consisted of the Governor, Treasurer, and Comptroller and was a constitutional body. The Executive Director is the Chief Executive Officer and Chief Investment Officer with full managerial and investment responsibility for the organization. Funds under management included the Florida Retirement System Trust Fund, the Florida state bond issue escrow and trust accounts, Florida local governmental (cities, counties, and special district) short-term investment pooled accounts, Florida lottery accounts and several other fiduciary accounts. When hired in 1987, funds under management totaled $19.3 billion, with $12.3 billion in the pension fund. In December 1991, funds under management totaled $41.7 billion, with $27.7 billion in the pension fund.

Robinson-Humphrey/American Express
Tallahassee, Florida
1982-1984    Retail/Institutional Broker
Serviced retail and institutional investment clients with assets exceeding $15 billion, including Office of the Treasurer and State Board of Administration of Florida accounts. Assisted in an advisory capacity in the original establishment of the Florida League of Cities pension fund.

Arch W. Roberts & Co.
Gainesville, Florida/Tallahassee, Florida
1977-1982    Vice-President, Public Finance Investment Banker
Florida-based municipal bond investment banking and financial consulting firm. Serviced numerous governmental clients issuing tax-exempt bonds. Responsible for structuring and presenting issues for sale through negotiated and competitive sales, closing bond issues, and servicing the clients' continuing needs. Experience included rating presentations, insurance negotiations, feasibility consultation, banking and trustee arrangements, and underwriting presentations.

Leon County
Tallahassee, Florida
1972-1977    County Administrator of Leon County, Florida
Employed by Board of County Commissioners, responsible for operations and administration of the county government consisting of 350 employees with an annual budget of $22,000,000. Responsibilities included public policy implementation and analysis, budget administration, personnel management, purchasing and grants administration, intergovernmental relations, public works administration, and other functions and projects directed by the County Commission. Initiated many capital and organizational projects during this tenure.

Dean Search
Florida State University – College of Business, 2005

Visiting Professor    1992
The Collins Center for Public Policy, State of Florida University System; Tallahassee, Florida
Served as visiting professor for the system of nine universities as a guest lecturer on investment management.

Adjunct Professor    1973-1982
Florida State University, School of Public Administration and Policy; Tallahassee, Florida
Created the curriculum for municipal administration courses for both graduate and undergraduate courses while serving as County Administrator and public finance investment banker.

Guest Lecturer
Florida A & M University - School of Business and Industry, 1987 - 2003
University of Florida - College of Business, 1992
Florida State University - College of Business, 1987 – present

Florida State University Foundations
Florida State University Foundation; Chairman, 1999 – 2001 ; Director, 1992 – 2003
Chairman of Investment Committee, 1993 -1997; Chairman of Nominating Committee, 1998-99; Executive Committee, 1993 – 2003.
Florida State University Research Foundation, Director, 1996 - 2005
Executive Committee member; Chairman of Development Committee; Member of TAXOL Committee
Florida State University College of Business Board of Governors, 2007 – present

National Retail Properties, Inc. (NYSE: NNN), Chairman of the Board, 2005 - present

• Audit Committee, 1998 - present;
• Compensation Committee Chairman 1998;
• Governance and Nominating Committee Chairman 2003 – present

Atlantic Blue Trust, Inc, Director, 2004 - present
Leon County Transfer Station Financial Review Committee, 2003 - present
Episcopal Foundation; Director, 2002 - 2005
Taxolog, Inc.; Director, 2001 - present
Century Capital Markets LLC; Director, 1999 – 2002
Leadership Florida Class XVII, Board of Directors, 1999 - 2000
Leon County Library Endowment for Excellence; Chairman, Board of Trustees, 1997 - 2006
Economic Club of Florida, 1990 - 2002

Integrated Orthopaedics, Inc. (AMEX:IOI), 1996 - 2000

• Chairman of Audit Committee, 1996 - 2000;
• Chairman of Acquisition Committee, 1997;
• Chairman of Compensation Committee, 1997

Prime Succession, Inc., 1996 - 2000
Tallahassee Memorial HealthCare Foundation Investment Committee, 1999 - 2001
Augustine Asset Management; Chairman, 1992-1998

MHI Group, Inc., 1993-95

• Compensation and Stock Option Committee, Audit Committee, and Investment and Investor Relations Committee (Chairman) President and CEO, April-November, 1995

Governor's Club, 1992-95

• Vice-President, Finance and Audit Committee, 1993-95

National Assessment Institute, 1995
Bank of North America, 1992-93

• Asset/Liability Committee

Turn About, Inc. (Drug Treatment Program) Board Member, 1983-85

• National Association of Corporate Directors, 1997 - present
• Association for Corporate Growth, 1997 - 2000
• Institute for Fiduciary Education, Advisory Panel for Pension Study, Ford Foundation, 1991-92
• Advisory Board, Institute for International Research, 1991
• Citibank, Advisory Board on Worldwide Securities Services, 1991
• National Association of State Investment Officers, Executive Board, 1987-91
• The Wharton School, University of Pennsylvania, Pension Funds Management Certificate, 1988
• Florida Seed Capital Task Force, 1986-88; Capital Development Committee, 1988
• Florida Security Dealers Association, Board of Governors, Legislative Chairman, 1982-87
• Florida Municipal Bond Council, 1977-84; President, 1983-84
• Protrac Financial Professional Advisory Panel, 1984
• Florida Industrial Development Council, 1980
• Florida City/County Managers' Association, 1973-1977; Vice President, 1977
• American Society for Public Administration, Leon County Chapter, 1972-79; President, 1977
• Johns Hopkins University, Urban County Executive Panel, 1976

• Utilities Citizens Advisory Committee, City of Tallahassee, Chairman 2005 - present
• Habitat for Humanity Investment Advisory Committee, 2003 – present
• Florida's Turnpike Enterprise Citizen Advisory Board, 2002 - present
• Citizens Advisory Committee on Utility Deregulation, City of Tallahassee, 1997 - present
• Consolidation Charter Commission, 1986
• Leon County Charter Commission, 1985
• Florida Manpower Services Council, 1975-76; Vice-Chairman, 1976

"On the Offense," Institutional Real Estate Securities, September 1999

"Taking Option Accounts Into Account," Institutional Real Estate Securities, March 1999

"The Importance of Committees," Institutional Real Estate Securities, July 1998

"How To Fund A Development Office," May 1998

"State Board of Administration Annual Investment Report"
    FY 1990-91, September 1991
    FY 1989-90, October 1990
    FY 1988-89, November 1989

"Cliff's Notes -- Monthly Investment Reports of the Executive Director," 1987-91

"Summary of Concepts of State Bond Debt," with Horace Schow, III; April 1990

"Analysis of Benefits and Risks Associated with the Investment by the State Board of Administration in Group Annuity Contracts (GACS) or Guaranteed Investment (Income) Contracts (GICs) on behalf of the Department of the Lottery," with Horace Schow, III; January 1990

"Risk Analysis of Custodial Relationships," with Horace Schow, III; November 1989

"Advice on Your City's Pension Fund Investment," Quality Cities Magazine; March 1989