GAF Materials chairman passes away

Samuel J. Heyman, chairman and principal owner of GAF Materials Corp., Wayne, N.J., has passed away. He was 70.

During his life, Heyman was an attorney, hedge fund owner, art collector and businessman who perhaps is best known for his takeover of GAF Materials for about $5 billion in 1983.

Heyman actively was involved with philanthropic pursuits, founding the Partnership for Public Service in 2001 to inspire more people to join the public sector and help transform the federal government's performance. He received a Presidential Citizens Medal for the organization in December 2008. He also founded the Heyman Fellowship Program; The Samuel and Ronnie Heyman Center on Corporate Governance at the Benjamin N. Cardozo School of Law, Yeshiva University, New York; and fellowship programs at Yale Law School, New Haven, Conn., and Seton Hall School of Law, South Orange, N.J.