Timothy Mellon

Timothy Mellon is chairman and majority owner of Pan Am Systems, a transportation holding company.

The son of Paul Mellon and his first wife, Mary Conover Brown, Timothy Mellon holds a degree in city planning from Yale University. [Gillette, Christine, " [http://portsmouthnhemployment.com/1999news/7_30c.htm Cambridge train yard made new] ," "Portsmouth Herald", 30 July 1999] He was the chief financier in the 1977 formation of Guilford Transportation Industries (GTI), a holding company named for his native Guilford, Connecticut.

In 1981 GTI purchased the Maine Central Railroad from U.S. filter corporation, adding additional railroads Boston & Maine in 1983 and the Delaware & Hudson in 1984, the brand of bankrupt Pan American World Airways. The Pan Am name was subsequently succeeded by Boston-Maine Airways Corp. In February 2008 the US Department of Transportation proposed the revocation of Boston-Maine's air carrier certification ""is not financially fit and does not possess the managerial competence to conduct any air transportation operations and has failed to comply with the regulations governing its operations." [ [http://www.seacoastonline.com/apps/pbcs.dll/article?AID=/20080205/BIZ/802050394&sfad=1 DOT ready to pull Boston-Maine's license to fly ] ]

He stepped down as trustee of the Andrew W. Mellon Foundation in 2002. [Andrew W. Mellon Foundation in 2002 after 21 years on its board. [http://www.mellon.org/news_publications/annual-reports-essays/presidents-reports/content2002 2002 President's Report] , Andrew W. Mellon Foundation.]

Sources

* [http://www.seacoastonline.com/apps/pbcs.dll/article?AID=/20080205/BIZ/802050394&sfad=1 Seacoast Feb 5, 2008 "DOT ready to pull Boston-Maine's license to fly"]