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Georgia State University said Tuesday it will name its new football field at Georgia State Stadium -- formerly Turner Field -- in honor of Atlanta businessman Parker H. “Pete” Petit.

Petit is chairman and CEO of Marietta, Ga.-based MiMedx Group Inc. (Nasdaq: MDXG), a maker of biomaterial products and bioimplants processed from human placental tissue, skin and bone. A serial entrepreneur and long-time supporter of the university, he has made a $10 million gift to the university to support the athletics program.

MiMedx was founded in 2008 by serial Atlanta entreprenuer Pete Petit. 

JOANN VITELLI

“Pete Petit has been a long-time generous benefactor of Georgia State,” Mark P. Becker, president of Georgia State, said in a statement, “and his impact on our university cannot be overstated. We are extremely proud to name the playing field in Georgia State Stadium in his honor.”

Georgia State is holding separate talks over naming rights for the stadium itself, but that deal could be months away.

Petit has long-standing ties to Georgia State. He earned his MBA in finance in the university’s J. Mack Robinson College of Business and is chair of the steering committee for Georgia State’s $300 million Burning Bright fund-raising campaign. He has been a generous supporter of the university over the years, giving $5 million to build the Parker H. Petit Science Center and making gifts to the Robinson College and athletics. To read a 2009 Atlanta Business Chronicle profile of Petit, click here.

“This field and stadium are just one of the many successes Georgia State has accomplished in a matter of a few years,” Petit said in a statement. “Georgia State is destined to become one of the most respected urban universities in this country because of this series of successes, which have been a result of its leadership.” Read the full announcement here.