Obituary and services for Jupiter Island’s Dr. Charles A. Falcone and Mrs. Nola Maddox Falcone

Dr. and Mrs. Falcone both retired in 1997 and made their home on Jupiter Island. Dr. Falcone began serving on the Jupiter Island Town Commission in 2003, was mayor of Jupiter Island from 2006 until 2011, and continued to serve as a Town Commissioner until his death. Dr. and Mrs. Falcone were active members of the Jupiter Island Club and their communities.  (Source: Posey Funeral Directors)

Funeral services for Dr. Charles A. Falcone and Mrs. Nola Maddox Falcone, who entered into rest January 5, 2015, will be conducted this morning at 11 o’clock from the Posey Funeral Chapel. The Rev. Dr. Robert F. Fuller, Jr. and The Rev. Dr. G. Daniel McCall officiating. Interment in Westover Memorial Park, Augusta, GA.

Dr. Falcone, 72, was a native of Flushing, NY. He was a graduate of Lehigh University, where he earned a Bachelor of Science degree. Dr. Falcone also graduated from Rensselaer Polytechnic Institute with both a Master of Science degree and a Doctorate of Engineering. While in the doctorate program, he received the Allen B. Dumont Prize for high scholastic achievement and for significant contributions to electric power engineering.

Mrs. Falcone, 75, was a native of North Augusta, graduating from North Augusta High School in 1959. She received her Bachelor’s degree from Duke University. Following her undergraduate studies, she became the first woman to receive her MBA from The Wharton School of the University of Pennsylvania. Nola Maddox and Charles Falcone were married in 1968.

Charles Falcone joined American Electric Power (AEP) in 1964. He served as an engineer in its Electrical Engineering Division for two years and in its System Planning Department for nine. He was assistant to the senior executive vice president for System Planning and director of Load Research at the time he left, in 1975, to join Stanford Research Institute. In 1977, he went to Washington and the DOE, where he became director and was heavily involved in the government’s fuels regulation program. Falcone returned to AEP as an executive assistant in the Office of the Chairman in 1979. He was elected Vice President – Information Systems in 1980, Vice President – System Transactions in 1986, and Senior Vice President – System Power Markets in 1994.

Nola Maddox Falcone began her career at Chase Manhattan Bank as a trust officer and a research analyst covering the energy industry. She then moved to Lieber & Co., the owner of Evergreen Asset Management. She became a partner of Lieber & Co. as well as President and Co-CEO of Evergreen following its acquisition by First Union (subsequently Wachovia Corp.). Nola had been named by Barron’s as one of the top money managers in the U.S. in 1997 and 1998. She had been featured many times in the financial press and had appeared on various financial news networks.

Dr. and Mrs. Falcone both retired in 1997 and made their home on Jupiter Island in Hobe Sound, FL. Dr. Falcone began serving on the Jupiter Island Town Commission in 2003, was mayor of Jupiter Island from 2006 until 2011, and continued to serve as a Town Commissioner until his death. Dr. and Mrs. Falcone were active members of the Jupiter Island Club and their communities. Dr. Falcone was a director of the Stuart-Martin County Council of the Arts and the Boys and Girls Club of Martin County. He was an avid bridge player and also served as the wizard of the Whiz Kids.

Mrs. Falcone participated with several garden clubs and was a lifelong patron of the Arts, supporting locally the Morris Museum of Art. She had previously served on the Board of Visitors for the Duke University Fuqua School of Business as well as on the Board of the Clark Advanced Learning Center at Indian River Community College in Stuart, FL. Nola was also a religious woman, serving as a trustee of both Eastern Baptist Theological Seminary as well as Gordon College and had served on the Donor Development Advisory Committee for American Baptist Church USA. The Falcones were members of Christ Memorial Chapel in Hobe Sound and attended Christ Memorial Chapel as well as Hobe Sound Community Presbyterian Church, where their son is a minister.

Survivors include a son and daughter-in-law, the Rev. Dr. Charles Maddox “Chip” and Aimee Falcone of Hobe Sound, Florida; two grandchildren; Dr. Falcone’s sister, Patricia Falcone Papi, Briarcliff Manor, New York.

Pallbearers will be Fred Cone, Mike Paquette, Steve Paquette, David Batstone, Gary Miller, Joe Miller, and Stu Batstone.

Memorials may be made to Christ Memorial Chapel, 52 South Beach Rd., Hobe Sound, FL 33455 or to Hobe Sound Community Presbyterian Church, 11933 SE Juno Crescent, Hobe Sound, FL 33455.

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