Butler Snow Advisory Services (BSA), a leading strategic consulting and transaction advisory company, has added Troy A.
Stovall as its newest principal. Stovall brings more than 25 years of experience in technology, consulting, higher education, private equity and operations.
“Troy has extensive experience and a unique skill set that will help our clients identify opportunities that will propel them to the next level,” said Barry Cannada, Chairman of Butler Snow Advisory. “We look forward to this partnership and we’re glad to have him on our team.”
Prior to joining BSAS, Stovall founded and still serves as managing member of LeMaile Stovall LLC, a management consulting firm serving for-profit and nonprofit firms focused on strategy, operational performance and fundraising.
“We are excited to welcome Troy to the Butler Snow Advisory team,” said Matt Thornton, founder and Managing Principal of Butler Snow Advisory. “His experience and skill set are a unique blend for our organization and we are thrilled to have him on board.”
Stovall also previously served as executive vice president and chief operating officer of Howard University and as senior vice president and chief financial officer of Jackson State University (JSU). In both roles, he led various construction, renovation, educational, and information technology projects including: a redesign of benefits at Howard University that resulted in a $9 million savings, co-leading the launch of Howard’s online executive MBA program, and leading more than $300 million in new construction and renovation projects at JSU.
Before arriving at JSU, Stovall was co-founder and CEO of GulfSouth Capital, Inc. and managing general partner of GS Ventures (GSV), LLC. At GulfSouth, Stovall was responsible for overall investment and fundraising responsibility for more than $100 million across three funds.
He has also served as a senior engagement manager at the strategy management-consulting firm, McKinsey & Co., where he was a leader in the group’s telecom practice. His other professional experiences include positions with Southwestern Bell, AT&T Bell Labs and Rockwell Collins Transmission Systems Division.
Stovall – a Houston native – is a frequent speaker on topics including venture capital, motivation, economic development and higher education administration. He has authored or contributed to published documents on wireless data, entrepreneurship, venture capital, economic development and activity-based costing.
Stovall was previously appointed to the Commission on E-Government and the Special Task Force for Economic Development Planning by Miss. Governor Ronnie Musgrove and the Southern Growth Policies Board Technology Council, and the Mississippi Governor’s Commission on Tax Reform by former Miss. Governor Haley Barbour.
Stovall holds a bachelor’s degree in electrical engineering with a minor in mathematics from Southern Methodist University, where he graduated cum laude; a master’s degree in computer science from Stanford University; and an MBA from the Harvard Business School.