The George W. Woodruff
School of Mechanical Engineering
Annual Spring Banquet
and
The 2000 Distinguished
Alumnus Award Presentation
Thursday, April 6, 2000
6:00 p.m.
Student Center Ballroom
Georgia Institute of Technology
| Planned and organized by the
Woodruff School of Mechanical Engineering
Student Advisory Committee (WSSAC) and
sponsored by the George W. Woodruff School
of Mechanical Engineering. |
 |
The 2000 Distinguished Alumnus
Parker H. "Pete" Petit (BME 1962)
Pete
Petit received a Bachelor's degree in Mechanical Engineering
in 1962, and a Master's of Science in Engineering Mechanics
in 1964, both from Georgia Tech. He did his undergraduate
work as part of the Cooperative Program. To complete his
education, Mr. Petit earned an M.B.A. in Finance from Georgia
State University in 1973.
After his 1964 graduation, Mr. Petit spent several years on
active duty with an army aviation unit. Then he entered the
aerospace industry and in 1968 he joined the Lockheed Georgia
Company.
In November 1970, Mr. Petit founded Healthdyne,
as a result of developing the first home physiological monitor
for infants who are at risk for Sudden Infant Death Syndrome.
During the next 25 years, Healthdyne grew into an international
corporation with revenues of approximately $400 million.
In 1995, Healthdyne was split into three publicly traded
companies - Healthdyne Technologies, Healthdyne Information
Enterprises, and Matria Healthcare. Mr. Petit remains Chairman
of the Board of Healthdyne Information Enterprises and Matria
Healthcare.
Mr. Petit was co-founder of the CytRx Corporation, an Atlanta-based
biotechnology corporation that is publicly traded. He has
served as a member of the Board of Directors of Atlantic
Southeast Airlines, Norrell Corporation, and the Georgia
Research Alliance. Currently, Mr. Petit is a member of the
Board of Directors of Logility, Inc., Intelligent Systems,
Inc., and MarketRing.com. He is a member of the Board of
Trustees and Chairman of the Investments Committee for the
Pi Kappa Phi Foundation. He is a 1994 inductee to the Technology
Hall of Fame of Georgia, and a member of the Board of Advisors
of the Metro Atlanta Chamber of Commerce.
Mr. Petit has been very good to Georgia Tech over the years.
He is a Trustee for the
Georgia Tech Foundation, a member
of the Woodruff School's Advisory Board, Chair of the Woodruff
School's Capital Campaign Committee, and a member of the
Institute's Capital Campaign Committee. In 1985, he funded
a chair in the Woodruff School for a distinguished professor;
the chair in Engineering in Medicine is held by Professor
Robert Nerem. In 1996 he endowed the Petit Institute for
Bioengineering and Bioscience at Georgia Tech; Woodruff School
Bioengineering faculty are in the IBB building. Mr. Petit
has served on the National Advisory Board for Georgia Tech
and he was a recipient of the Georgia Tech Distinguished
Engineering Alumni Award in 1994. In addition, he serves
on the National Council for Medicine at the Emory University
School of Medicine.
Mr. Petit's civic and charitable activities generally relate
to Sudden Infant Death Syndrome. He is the former Chairman
of the Board of the SIDS Alliance, a national charity he
co-founded in 1988.
About the Award
The Woodruff Distinguished Alumnus Award was inaugurated
in 1989 to recognize an outstanding alumnus of the School.
Mr. Petit's name, along with other winners of the Woodruff
Distinguished Alumnus Award, will be on permanent display
in the lobby of the MRDC.