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Peter B. Fox is the Founder of Fox Development Corporation, a real estate development firm which develops, manages, and leases approximately 1.5 million square feet of office and retail space in Champaign, Illinois. Mr. Fox formerly served as Senior Managing Director of Bear, Stearns & Co. Inc. from 1985 to 1997. In 1997, he relocated to Champaign to devote more time to his real estate development and private equity investments. Mr. Fox and his companies are focused on creating and retaining jobs associated with technology and the service sector. He serves as Manager of Fox/Atkins Development, LLC, developer and manager of the Research Park at the University of Illinois in Champaign. In addition to being the developer of the Research Park, Fox/Atkins invests in companies in the Park through equity on debt, funding, or favorable lease terms.  In August 2008, Fox/Atkins and the University of Illinois opened the I Hotel and Conference Center, as a joint development. The I Hotel and Conference Center is located on the UI campus in the Research Park and also features a Houlihan’s restaurant franchise. In addition, Mr. Fox has investments in start-up companies and restaurant chains including Jimmy John’s. He is franchisee for 30 Jimmy John’s located in Indiana, North Carolina and South Carolina and was named Franchisee of the Year for Jimmy John’s in 2010. Mr. Fox received a Bachelor of Science degree from Stanford University in Economics and Political Science.

Mr. Fox currently serves on:

  • University of Illinois Chancellor’s Economic Advisory Group
  • Institute for Genomic Biology (External Advisory Board Member)
  • Jimmy John’s Franchise, Inc. (Board Member)
  • Mervis Industries (Member, Board of Directors)
  • University of Illinois College of Engineering Innovation Leadership Advisory Board (Member)
  • Greenville Hospital Second Century Committee (Member), Greenville, SC
  • Elon University President’s Advisory Council
  • UNC Kenan-Flagler Business School (Board Member)

Former positions held:

  • Anchor Bank (Director and Executive Committee Chairman until its sale)
  • Bear Stearns (Partner/Senior Managing Director 1983-1997)
  • V. Dale Cozad Business Plan Competition within the University of Illinois College of Engineering’s Technology Entrepreneur Center (Benefactor)
  • Progress Investment Management (Member, Board of Directors 1996 – 2000)
  • Strata Decision Technology (Champaign) (Member, Board of Directors 1999-2000)>
  • Illinois Department of Commerce and Community Affairs (Assistant Director and Director 1980-1983)
  • Illinois National Bank Board of Directors (Audit Committee Member 1998-2012)
  • Illinois State Lottery (Chairman 1979-1982)
  • Wendy’s Old Fashioned Hamburgers (Owner/Operator of seven stores from 1978-1988)
  • University of Illinois Institute of Government and Public Affairs (Advisory Committee Member from 2007-2010)
  • University of Illinois College of Law Advisory Board (Former Member 2005-2010 )
  • Urbana-Champaign Angel Network’s Outstanding Angel for 2011
  • Champaign Unit 4 School Board Superintendent Search Committee (Member 2011)
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