ST. PAUL, Minn. — Nick Stoneman arrived in 2003 determined to save Shattuck-St. Mary’s. His job was to turn this hockey powerhouse in the small southern Minnesota town of Faribault into an elite prep school.
Shattuck-St. Mary’s was struggling. It had lost about $2 million a year for two years straight. Student enrollment was flat, and the boarding school had been without a permanent head of school for two years.