Thompson gives to program he graduated from, creates endowed chair
John Killefer, South Dakota Corn Utilization Council endowed dean of the South Dakota State University College of Agriculture, Food and Environmental Sciences, has announced the David A. Thompson Endowed Department Chair of Dairy and Food Science.
The gift from David Thompson consists of a $2 million endowment and also includes an additional amount to begin impacting the program immediately.
“These types of endowments are rare, and we are truly fortunate to receive this generous gift from David Thompson,” Killefer said. “This gift will provide a long-term boost to further grow our dairy and food science programs and the impact they will have in the future for our students.”
“We are very grateful for Mr. Thompson’s generous support of our programs,” Mistry said. “He has already inspired us to excel. In addition, his support will have a lasting impact on lives of students and will help shape the dairy and food industry of the future.”
In addition to having an immediate impact on the department, the endowment will be used to both recruit and support those who serve in the Dairy and Food Science Department head position in the future. The person holding this endowed chair will provide leadership to elevate all aspects of the land grant university mission, which includes education, research and extension, within the department.
Thompson grew up on a dairy farm near Milbank and is a 1964 SDSU dairy manufacturing graduate. During his time as a student, he served as student manager of the SDSU dairy plant for two years.
Following graduation, Thompson began a 31-year career with Abbott Laboratories. He started out in the Mitchell location making Similac infant formula. By 1974, he had become vice president of operations with the Ross Division of Abbott Laboratories.
In 1981, Thompson moved to Abbott’s corporate office in Chicago, where he served as vice president of materials. A year later, he was named vice president of human resources for Abbott worldwide.
In 1983, Thompson was named senior vice president of Abbott and president of the Abbott Diagnostic Division. During his 12 years of leadership, the division grew revenue from $180 million to more than $2 billion. Thompson helped guide the Diagnostic Division to become the largest and most profitable division in the company. One of Thompson’s greatest accomplishments was helping Abbott develop the first licensed test to detect HIV in blood in 1985.
Following his retirement from Abbott in 1995, Thompson served on several public company boards and is currently the lead director for Exact Sciences Corp., which developed Cologuard, the first FDA-approved noninvasive test for colon cancer.
“I owe a lot of the success in my career to the education I received at SDSU, and my experience at the SDSU dairy plant that truly gave me a leg up,” Thompson said. In 2017, Thompson was honored as an SDSU distinguished alumni in recognition of his outstanding professional contributions.
In addition to this transformational gift, he also provides scholarship support each year to the department. Further, he also made a generous personal gift toward the construction of the SDSU Davis Dairy Plant.
Carrying on the family tradition, Thompson’s grandson, John Oakley, is a junior studying dairy manufacturing at SDSU. His grandson, Josh Oakley, graduated from SDSU with a dairy manufacturing degree in 2014.
An investiture ceremony to formally recognize this endowment will be held in the spring.