Background
James S. Davis was born in 1943, the son of Greek immigrants.
James S. Davis was born in 1943, the son of Greek immigrants.
He attended the Worcester Academy, and he received a Bachelor of Science in biology and chemistry from Middlebury College in 1966.
While in college, he played college football. He started his career as a sales engineer at the Laboratory for Financial Engineering Corporation in Waltham, Massachusetts, and as marketing manager for the Applied Geodata Systems Division of Techven Associates of Cambridge, Massachusetts. In 1972, he bought New Balance, then only a 6-employee firm in Boston, and turned it into a 4,000-employee global corporation with revenues averaging around $2.5 billion every year.
He also sits on the Board of Directors of the Citizen’s Bank in Providence, Rhode Island.
He has donated $500,000 to Mitt Romney"s Super Public Affairs Committee, Restore Our Future. He has donated $5 million to the University of Maine.
He is the recipient of an Honorary Doctorate from his alma mater, Middlebury College. A library on its campus has also been named for him.
He formerly sat on its Board of Trustees, on the Worcester Academy"s, and on Newbury College"son
He sits on the Board of Trustees of the Sports Museum of New England and formerly Boston Children"s Museum. As of 2015, he is the 411th richest person in the world, and the 124th richest in the United States, with an estimated wealth of United States$4.1 billion.
He has been a Board member of the Sporting Goods Manufacturers Association, the International Athletic Footwear & Apparel Manufacturers Association, and the Two/Ten Foundation. He is a member of the Athletic Footwear Council and is on the Executive Committee of the Rubber and Plastic Footwear Manufacturers Association.