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November 7, 2023

Maine Center Ventures' next CEO brings extensive banking, SBA experience

Maine Center Ventures, a nonprofit focused on expanding partnerships between the University of Maine System and industry, has appointed Seth Goodall as the next CEO.

In this role, he will also serve as executive director of the University of Maine System's hub for graduate and professional studies, called the Maine Center.

Goodall succeeds Terry Sutton, who led Maine Center Ventures from its founding in 2018 until last year.

Courtesy / University of Maine System
Seth Goodall

The Maine Center, located in Portland and supported through a $55 million investment by the Harold Alfond Foundation, hosts the University of Maine School of Law, the Master of Business Administration degree programs, and engineering programs.

"The Maine Center is a transformative graduate and professional education model bringing together multiple disciplines to advance the careers of its graduates and drive economic prosperity statewide through innovation and industry partnerships," said Goodall.

"Anchored in a state-of-the-art building in Portland, the Maine Center will serve as a dynamic and innovative hub for students, researchers, entrepreneurs and industry. I am honored to be working collaboratively with leaders across the University of Maine System and industry to grow the Maine Center."

Prior to joining the University of Maine System, Goodall served as the executive vice president of corporate social responsibility at Santander US in Boston. In this position, he led the financial institution's corporate social responsibility, sustainability, philanthropy, higher education partnerships and community impact nationwide. He also led U.S. Small Business Administration lending.

In 2013, Goodall was appointed by President Barack Obama to serve as regional administrator for the SBA, overseeing operations in New England.

He also is an attorney and has served as a senator and senate majority leader in the Maine Legislature.

"Seth's leadership, legal and business experience, and community building skills uniquely position him to successfully lead the Maine Center, while also strengthening our leadership team at the University of Maine System," said Dannel Malloy, chancellor of the University of Maine System, in a news release.

"He has consistently demonstrated the ability to bring people together to achieve success, whether that be in public service at the state and federal levels, practicing law, or in executive management at a global financial institution."

Goodall received a law degree from the University of Maine School of Law, as well as a master's degree in plant science and a bachelor's in agronomy from the University of Connecticut.

Established in 1968, the University of Maine System has an annual enrollment of nearly 30,000 students and has seven public universities throughout the state. 

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