Tim Cost became President of his alma mater, Jacksonville University, on February 1, 2013. Prior to his election, he was Executive Vice President for PepsiCo, the food and beverage world leader with revenues of $60 billion and 300,000 employees. He has 32 years of senior executive experience at many of the world’s top companies, including Bristol-Myers Squibb, Kodak, ARAMARK, Wyeth/Pfizer and Centocor/Johnson & Johnson. He was also Chairman of Global Health Care for Washington-based consulting firm, APCO Worldwide. Mr. Cost’s experience at multiple FORTUNE 500 companies led to him holding global responsibilities in several key worldwide industries. He has often been interviewed and quoted in Business Week, The Wall Street Journal, FORTUNE and on CNBC and CNN.
A 1981 Magna Cum Laude Jacksonville University graduate who also holds an MBA in Finance and Economics from the William E. Simon School of Business at the University of Rochester, he was given the Jacksonville University Distinguished Alumni Award in 2006 and was also selected a “Distinguished Dolphin” to help celebrate Jacksonville University’s 75th Anniversary. He previously served on the JU Board of Trustees and as chairman of its committees on Enrollment & Retention and Development. As a JU athlete and four-year letterman on its baseball team, he is one of the top 10 winningest pitchers in JU Baseball history and as a freshman in his first NCAA appearance, pitched the only 9-inning no-hitter in Jacksonville University history.
During his tenure at JU, President Cost has focused on substantial improvements in community connections, campus upgrades and student success. He has led the investment of more than $25 million into the University’s campus, is heading up an ambitious $120 million fundraising campaign named ASPIRE and has launched the Florida EPIC program to support STEM education and job creation.
President Cost is a member of many civic, cultural, education and business Boards: Jacksonville Chamber of Commerce, Jacksonville Civic Council, Web.com, Jacksonville Symphony Orchestra, Brooks Rehabilitation, Atlantic Sun Presidents Council, and THE PLAYERS Council. He and his wife of 32 years, Stephanie, are the parents of two children, Melanie, of CSX, and Drew, of Gatorade.