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United Security Bancshares, Inc. (Nasdaq: USBI), announced today that A. J. “Lonnie” Strickland, III was elected as a Director of United Security Bancshares, Inc. and its subsidiary, First United Security Bank, by the Board of Directors at a meeting held on Thursday, February 28, 2013. Dr. Strickland was also appointed to serve on the Audit Committee of the Company and the Bank and on the Asset/Liability Committee of the Bank.
While Dr. Strickland resides in Tuscaloosa, he is a native of North Georgia, where he attended the University of Georgia and received the Bachelor of Science degree in Math and Physics. He then entered the Georgia Institute of Technology, where he received a Master of Science degree in Industrial Management. For his doctorate, he received a Ph.D. in Business Administration from Georgia State University in 1969.
Dr. Strickland is the John R. Miller Professor of Strategic Management in the Graduate School of Business at the University of Alabama, a position he has held since 1969. He is also a director of American Equity Investment Life Holding Company and Twenty Services, Inc., and a former director of Statesman.
Dr. Strickland is the co-author of over fifteen strategic management books and texts used at universities worldwide. In his thirty plus years of writing in the area of strategic management, more than 1.5 million students have used his books, which are considered to be premier in the market. The eighteenth edition of “Strategic Management: Quest for Competitive Advantage,” co-authored with Dr. Art Thompson, Margaret Peteraf, and Dr. John Gamble and published by McGraw-Hill, is the best selling text in the world in the field of strategic management. With extensive experience in consulting and executive development training programs in strategic management, his concentration is in industry and competitive analysis, and he conducts frequent analyses for domestic and international firms. Dr. Strickland has extensive knowledge of strategic management and the finance industry arising from his academic and marketplace experience. He is a very popular speaker on the subject of planning under challenging conditions and implementing strategic change.