Kenneth, known as Kay, was born June 22, 1927 in Ogden, Utah to John William and Beatrice Pingree Randall.
His sister, Virginia Randall Rozynek predeceased him.
He was educated in The Ogden City Schools and then graduated from Weber College before attending Brigham Young University, where he served as senior class president in 1949. He graduated that year, receiving a BA in Finance and Banking. In 1958 Kay received his MS of Economics from BYU.
After graduation, Kay went to work, with his father, at The State Bank of Provo.
In 1952, he married his wife of 64 years, Jeraldine Daynes Smith Randall, daughter of Fisher J. and Marie Daynes Smith. After their wedding, they moved to Los Angeles where Kay joined the Executive Training Program at Citizen’s National Bank.
Upon completion, he and Jerrie moved back to Provo where he served as an officer at The State Bank of Provo. He attended The Stonier School of Banking at Rutgers University, receiving his banking degree.
During his time in Provo, Kay was the Senate campaign manager for Wallace Bennett in Utah County. In 1964, Senator Bennett nominated Kay to fill a vacancy on the board of the Federal Deposit Insurance Corporation. He was selected by President Lyndon B. Johnson to serve and became LBJ’s first republican appointment.
In April 1964, Kay and Jerrie moved their family to Rockville, MD. Kay served as Director and then Chairman of the FDIC until March 1970.
From 1970-1976, Kay served as CEO of United Virginia Bankshares in Richmond, Virginia. During this time, Kay served on the Board of Trustees at Mary Baldwin College.
In 1976, he was named President and CEO of The Conference Board in New York City, NY. He served in this capacity until 1982. From 1983-2005 he served on the board of Dominion Resources in Richmond, Virginia.
In 1987, Kay and Jerrie moved to Williamsburg, Virginia. He continued serving on several corporate boards including Kemper Insurance, Oppenheimer, Prime Retail, Dominion Resources, the Electric Power Research Institute and Consolidated Bathhurst of Canada.
In 2005, Kay gave the graduation address and received an Honorary Doctorate from Weber State University.
Kay was a lover of the arts and a supporter of the Utah Symphony. He also served on the board of the Kimball Art Center in Park City, Utah.
Kay is survived by his wife: Jeraldine Daynes Smith Randall; his daughters: Shelly (Ralph) Millard, Nancy (David) Mackey, Tami (Jeffrey) Relick; 8 grandchildren and 2 great grandchildren.
Kenneth, known as Kay, was born June 22, 1927 in Ogden, Utah to John William and Beatrice Pingree Randall.
His sister, Virginia Randall Rozynek predeceased him.
He was educated in The Ogden City Schools and then graduated from Weber College before attending Brigham Young University, where he served as senior class president in 1949. He graduated that year, receiving a BA in Finance and Banking. In 1958 Kay received his MS of Economics from BYU.
After graduation, Kay went to work, with his father, at The State Bank of Provo.
In 1952, he married his wife of 64 years, Jeraldine Daynes Smith Randall, daughter of Fisher J. and Marie Daynes Smith. After their wedding, they moved to Los Angeles where Kay joined the Executive Training Program at Citizen’s National Bank.
Upon completion, he and Jerrie moved back to Provo where he served as an officer at The State Bank of Provo. He attended The Stonier School of Banking at Rutgers University, receiving his banking degree.
During his time in Provo, Kay was the Senate campaign manager for Wallace Bennett in Utah County. In 1964, Senator Bennett nominated Kay to fill a vacancy on the board of the Federal Deposit Insurance Corporation. He was selected by President Lyndon B. Johnson to serve and became LBJ’s first republican appointment.
In April 1964, Kay and Jerrie moved their family to Rockville, MD. Kay served as Director and then Chairman of the FDIC until March 1970.
From 1970-1976, Kay served as CEO of United Virginia Bankshares in Richmond, Virginia. During this time, Kay served on the Board of Trustees at Mary Baldwin College.
In 1976, he was named President and CEO of The Conference Board in New York City, NY. He served in this capacity until 1982. From 1983-2005 he served on the board of Dominion Resources in Richmond, Virginia.
In 1987, Kay and Jerrie moved to Williamsburg, Virginia. He continued serving on several corporate boards including Kemper Insurance, Oppenheimer, Prime Retail, Dominion Resources, the Electric Power Research Institute and Consolidated Bathhurst of Canada.
In 2005, Kay gave the graduation address and received an Honorary Doctorate from Weber State University.
Kay was a lover of the arts and a supporter of the Utah Symphony. He also served on the board of the Kimball Art Center in Park City, Utah.
Kay is survived by his wife: Jeraldine Daynes Smith Randall; his daughters: Shelly (Ralph) Millard, Nancy (David) Mackey, Tami (Jeffrey) Relick; 8 grandchildren and 2 great grandchildren.
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