by Paul Gatling (pgatling@nwabj.com)

The University of Arkansas announced Monday (April 4) that Mike Malone is the school’s new vice chancellor for economic development.

Malone is vice president of community and corporate affairs for Runway Group, a private business team in Bentonville led by Steuart Walton and his younger brother, Tom Walton. They are grandsons of Walmart founder Sam Walton and the sons of Jim Walton, chairman and CEO of Arvest Bank Group Inc.

Runway Group is a holding company that makes strategic investments in real estate, hospitality, cycling and aviation.

Malone will begin his new job on April 18. He replaces Stacy Leeds, who stepped down from the position in July 2020. David Snow, director of Technology Ventures at the UA, held the job on an interim basis.

https://talkbusiness.net/2022/04/ua-hires-mike-malone-for-economic-development-role/