Stowers Institute Welcomes New General Counsel
In an exciting development for the Stowers Group of Companies, Dan Devers has been appointed as the new General Counsel. With a rich background in healthcare technology, intellectual property, and enterprise legal strategy, Devers brings valuable expertise to the Institute's mission.
About Dan Devers
Dan Devers joins the Stowers Institute as a seasoned attorney, offering over 20 years of experience in the legal field. Previously, he served as the Executive Vice President and Chief Legal Officer of a leading healthcare technology company, Cerner Corporation. During his tenure, he played a pivotal role in negotiating Cerner’s landmark $28.3 billion acquisition by Oracle, marking one of the largest transactions in the industry for 2022.
Strategic Leadership and Vision
In his new role, Devers will lead all legal operations for the Stowers Institute and its affiliate organizations. His responsibilities will include governance, compliance, intellectual property management, and fostering partnerships that further the Institute's research goals. Jonathan Thomas, CEO and Chairman of the Board, expressed confidence in Devers, noting that his legal acumen and business insight would be crucial for the organization's future growth.
Commitment to Research and Innovation
The Stowers Institute is dedicated to expanding knowledge in foundational biology and addressing significant health challenges through innovative scientific methods. Devers acknowledges the vital connection between legal strategy and the success of scientific endeavors. He stated, "I am honored to join this remarkable organization during a time of scientific exploration and growth. My goal is to enhance the Institute's mission and ensure our legal frameworks support groundbreaking research."
Supporting Funding and Infrastructure
A unique aspect of the Stowers Institute’s operations is its strong financial foundation. Each year, over 40% of American Century Investments' dividends are directed to support the Institute's research. To date, this has amounted to more than $2 billion, underscoring the significance of Devers' role in maintaining this crucial source of funding.
Looking Forward
The appointment of Dan Devers comes after the retirement of Charles German, who served diligently as General Counsel since 2020. Jonathan Thomas emphasized the importance of having a qualified leader in legal affairs as they face increasing organizational complexities and scientific challenges. Devers will report directly to Thomas and is expected to contribute significantly to the future direction of the organization.
Academic Credentials and Experience
Devers obtained his Juris Doctor degree with honors from the University of Missouri School of Law. Additionally, he holds a Bachelor of Science degree in Mechanical Engineering, also with honors, from the University of Missouri. His experience encompasses providing legal counsel not only to large corporations but also to academic institutions and nonprofit organizations, thereby solidifying legal frameworks that promote innovation.
About the Stowers Institute for Medical Research
The Stowers Institute for Medical Research is a nonprofit biomedical research organization established in 1994, primarily focusing on foundational research. The mission is to deepen our understanding of life sciences and improve life quality through innovative approaches to disease treatment and prevention. The Institute comprises 20 independent research programs with a robust team of approximately 500 members, including over 370 scientific staff.
Further Developments
As the Stowers Institute grows, it continues to advance its research initiatives and expand its influence in the scientific community. Dan Devers' addition to the team marks a strategic move towards ensuring that the Institute remains at the forefront of foundational research and innovation.
Frequently Asked Questions
Who is Dan Devers?
Dan Devers is a seasoned legal executive with over 20 years of experience, previously serving as Chief Legal Officer at Cerner Corporation.
What will be Devers' role at the Stowers Institute?
Devers will provide leadership on all legal matters, focusing on governance, compliance, and intellectual property strategy.
When did Dan Devers start his position?
Devers was appointed as General Counsel and will begin his role shortly.
What is the mission of the Stowers Institute?
The Stowers Institute aims to enhance our understanding of life's fundamental biological processes and improve health through innovative disease treatment and prevention strategies.
How is the Stowers Institute funded?
Significant funding comes from dividends directed from American Century Investments, totaling over $2 billion to support its research efforts.
