Mathias J. DeVito

DeVito was part of the Piper legal team assisting The Rouse Company to purchase farmland that would later become Columbia, Maryland.[1] In 1968, DeVito joined The Rouse Company as general counsel.[4] He became executive vice president and chief operating officer in January 1970.[5] As the executive vice president, DeVito oversaw the operations of the Rouse Company.[6] He became president of Rouse Company in 1973.[7] From 1972 to 1975, DeVito decreased the Rouse Company’s number of employees from 1,700 to 500.[8] From 1975 to 1976, DeVito assisted with restructuring the Company.[1] In 1979, he succeeded the founder, James Rouse as chief executive officer.[4] During his time as the CEO, DeVito changed the Rouse Company from being an "entrepreneurial developer" to one of the largest U.S. commercial property owners. DeVito worked behind the scenes while James Rouse was the face of projects including the Harborplace and Faneuil Hall.[1][9] In 1984, DeVito became chairman of the Rouse Company. His calming style of management was noted by others in the Company. In 1987, DeVito halted the development of new projects.[10] In December 1994, DeVito announced he would step down as CEO in February 1995.[9] The Rouse Company's earnings increased under his leadership from $10.6 million in 1978 to $82.5 million in 1994. The company developed 77 shopping centers over the course of twenty years including Quincy Market, The Gallery at Market East, The Outlet Collection at Riverwalk, The Shops at National Place, South Street Seaport, and Union Station in St. Louis. After DeVito retired from the Rouse Company in 1995, Baltimore Mayor, Kurt Schmoke, requested his assistance with an urban revitalization project spurred by a $100 million federal empowerment zone grant from the Clinton Administration.[11]

From 1970 to 1972, DeVito was the chairman of the board of Trustees of the Maryland State College Board of Trustees.[4] In late 1972, Governor Marvin Mandel announced that DeVito would lead a commission to study the structure of education in Maryland from kindergarten to college.[12] In 1973, he was a member of the board of directors of Howard Research and Development, Development Corp., and Rouse-Wates, Inc.[6] He was a trustee of Johns Hopkins University, Allied Irish Banks, and US Airways. At Maryland Institute College of Art, DeVito endowed a scholarship. He was a member of the Greater Baltimore Committee (board chair from 1990 to 1992)[13] where he co-chaired the initiative to bring a National Football League franchise to Baltimore.[1] He was a board chairman of Empower Baltimore Management Corporation, and served on the boards of the Business Committee for the Arts, The Enterprise Foundation, Baltimore Symphony Orchestra, and Walters Art Museum. He was on the board of Roanoke College.[7]