CAMBRIDGE, Mass.-The Corporation of the Massachusetts Institute of Technology-MIT's board of trustees-elected four life members and nine term members at its quarterly meeting today, Friday, June 7, held just before the Institute's Commencement Exercises.
The names of those elected, some of whom have served previously, were announced by Dr. Paul E. Gray, Chairman of the Corporation.
Those elected to life membership, all currently members of the MIT Corporation, were:
ALEXANDER W. DREYFOOS, JR., CHAIRMAN, The Dreyfoos Group of West Palm Beach, Fla. Mr. Dreyfoos received the SB degree from MIT in business and engineering administration in 1954 and the MBA from Harvard Business School in 1958. He is chairman and owner of The Dreyfoos Group, a private capital management firm. It also owns and operates the Sailfish Marina in Palm Beach Shores, docking one of the largest charter fishing fleets in South Florida. Early in his career, Mr. Dreyfoos co-founded Photo Electronics Corporation to manufacture electronic equipment for the photographic industry. From 1973 until 1996, Mr. Dreyfoos also owned the Columbia Broadcasting System affiliate in West Palm Beach, FL. He has been an MIT Corporation member since 1986.
CHRISTIAN J. MATTHEW, Retired Founder and Executive Vice President of St. Mary's Foundation of San Francisco, CA. Mr. Matthew received the SB degree in chemical engineering from MIT in 1943. He was with St. Mary's Hospital and Medical Center of San Francisco as Associate Administrator and Director of Planning from 1967 to 1974, and Assistant Administrator from 1978 to 1984. He was Executive Vice President of St. Mary's Foundation from 1984 until his retirement in 1986. Earlier, Mr. Matthew was with Arthur D. Little, Inc. as a consultant , manager of its Western Division and president of an ADL subsidiary. He has been a member of the MIT Corporation since 1985.
MORRIS TANENBAUM, Vice Chairman of the Board, Retired, American Telephone and Telegraph Company of New York City. Dr. Tanenbaum received the AB degree in chemistry from Johns Hopkins University in 1949 and the PhD in physical chemistry from Princeton University in 1952. He began his career as a member of the technical staff of Bell Telephone Laboratories in 1952 and served in several research management positions there before becoming director of research and development for Western Electric Company in 1964. He returned to the Bell Laboratories in 1975 as Executive Vice President, became Vice President of AT&T for Engineering and Network Services a year later, and President of New Jersey Bell Telephone in 1978. In 1980 Dr. Tanenbaum became an Executive Vice President of AT&T and was named Chairman and CEO of AT&T Communications in 1984. He became Vice Chairman of AT&T in 1986 and Chief Financial Officer in 1988 until his retirement in 1991. He has been an MIT Corporation member since 1986.
WILLIAM J. WEISZ, Chairman and Retired Chief Executive Officer, Motorola, Inc. of Schaumberg, Ill. Mr. Weisz received the SB degree in electrical engineering from MIT in 1948. He began his career with Motorola, Inc. in 1948 and became Vice President and General Manager of the Communications Division in 1965. He was named Executive Vice President of the company in 1969, President in 1970 and Vice Chairman in 1980. He was Chief Operating Officer of Motorola from 1972 to 1986. From 1986 to 1988 he was Chief Executive Officer and then Officer of the Board until his retirement in 1989. He was named Chairman of the Board in 1994. He served as a member of the MIT Corporation from 1975 to 1985 and was elected to a new term in 1991.
Elected to five-year term memberships were:
JOSEPHINE S. JIMENEZ, Managing Director, Senior Portfolio Manager, Montgomery Asset Management of San Francisco, Calif. Ms. Jimenez received the BS degree from New York University in 1979 and the SM from MIT's Sloan School of Management in 1981. She became a Chartered Financial Analyst in 1989 and is a founding partner of the Montgomery Emerging Markets Fund, one of the nation's largest such funds. She currently is a Managing Director and Senior Portfolio Manager responsible for strategic research and qualitative analysis of countries and industries. Earlier, Ms. Jimenez worked as a Securities Analyst of U.S. equities at the Massachusetts Mutual Life Insurance Company and as an Investment Officer at Shawmut Corporation. From 1988 to 1991, she worked at Emerging Markets Investors Corporation in Washington, D.C. as a Portfolio Manager of investments in Latin America.
L. ROBERT JOHNSON, Managing Partner, Founders Capital Partners, L.P., of Cambridge, Mass. Mr. Johnson received the SB degree in physics from MIT in 1963 and the MBA from Harvard Business School in 1965. From 1966 to 1981 Mr. Johnson gained experience in investment analysis, merchant banking and venture capital, first with Kidder, Peabody & Co. and then with Donaldson, Lufkin & Jenrette, Inc., serving finally as Managing Partner of its Sprout Capital Group. In 1981 he co-founded Angenics, Inc., a biotechnology company, and served as President and CEO and later Chairman. The business was acquired and, in 1988, Mr. Johnson established Founders Capital Partners to invest in early-stage, high technology businesses. (Alumni/ae Association Nominee)
MICHAEL M. KOERNER, President, Canada Overseas Investments, Ltd., of Toronto, Canada. Mr. Koerner received the SB degree in management from MIT in 1949 and the MBA from Harvard Business School in 1952. After serving in managerial positions at Abitibi Power and Paper Co., Ltd., from 1952 to 1956, and United North Atlantic Securities Ltd. from 1956 to 1959, he founded Canada Overseas Investments, Ltd., which he serves as president. He is also a past Chairman of Suncor Inc. He has been an MIT Corporation member twice earlier, as an Alumni Nominee from 1985 to 1990 and as a Term Member from 1991 to 1996. CLAUDINE B. MALONE, President, Financial & Management Consulting, Inc., of McLean, VA. Ms. Malone received the AB degree in philosophy from Wellesley College in 1963 and the MBA with High Distinction from Harvard Business School in 1972, graduating as a Baker Scholar. She became a Certified Public Accountant in Maryland in 1974. Ms. Malone held positions at the IBM Corporation, the Crane Company and the Raleigh Stores before attending Harvard Business School. After receiving her MBA, she taught there from 1972 to 1981, rising from Assistant to Associate Professor. She also has held teaching positions at the business schools of Georgetown University and the University of Virginia and has conducted a number of management education seminars for industrial and academic institutions in this country and overseas. Since 1982 she has been the President of Financial & Management Consulting, Inc., of McLean, VA. She has just completed her first term as an MIT Corporation member, from 1991 to 1996.
DANA G. MEAD, Chairman and Chief Executive Officer, Tenneco, of Greenwich, Conn. Dr. Mead received the BS degree in engineering from the United States Military Academy, West Point, in 1957 and the PhD in political science and economics from MIT in 1967. Dr. Mead served in regular Army line armor and airborne units from 1957 to 1970. In Vietnam, he received numerous combat and service decorations and achieved the rank of colonel. He served in the White House from 1970 to 1974, first as a White House Fellow, then as associate and deputy director of the Domestic Council. Dr. Mead was a tenured professor and deputy head of the social sciences department at the U.S. Military Academy from 1974 to 1978, when he retired from the Army. He worked as Executive Vice President and Director at International Paper from 1978 to 1992. He is currently Chairman and CEO of Tenneco, which owns and manages businesses in four major sectors: packaging, automotive parts, natural gas transportation and marketing, and ship design, construction and repair.
PAUL RUDOVSKY, Executive Vice President-Finance & Administration, Chief Financial Officer, and Director, Atlantis Plastics, Inc., of Atlanta, Ga. Mr. Rudovsky received the SB degree in economics from MIT in 1966 and the MS in industrial administration from Carnegie-Mellon University in 1968. He joined Atlantis Plastics, Inc., a leading United States manufacturer of polyethylene films and molded plastic products, in 1995, and was elected a Director later that year. Previously, Mr. Rudovsky was President and Chief Executive Officer of Rudd Manufacturing Company of Queens Village, New York, a manufacturer of men's trousers. He also served as Chief Financial Officer of Infovest Corporation, a privately-held direct mail marketer and provider of information to the insurance industry. During the 1970s, Mr. Rudovsky was Executive Vice President and Chief Financial Officer of Arlen Realty & Development Corporation, and Vice President of Citicorp/Citibank. (Alumni/ae Association Nominee)
THERESA M. STONE, President and Chief Executive Officer, Chubb Life Insurance Company of America, and Executive Vice President, The Chubb Corporation of Warren, NJ. Ms. Stone received the BA degree in French literature from Wellesley College in 1966. She studied romance languages at Cornell University from 1966 to 1970, and received the MS degree in management from MIT in 1976. She worked as a principal at Morgan Stanley & Company, Inc., in New York, from 1976 to 1990, when she began her career with The Chubb Corporation in Warren, NJ as Senior Vice President. In 1994 she became the President and CEO of Chubb Life Insurance Company of America, located in Concord, NH. She is President and Director of three Chubb boards-Chubb America Service Corporation, Chubb Colonial Life Insurance Company and Chubb Sovereign Life Insurance Company-and has been Executive Vice President of the parent company since 1995. (Alumni/ae Association Nominee)
ELLIOT K. WOLK, Senior Managing Director, Bear Stearns & Co., Inc., of New York City. Mr. Wolk received the SB degree in management from MIT in 1957 and the MBA from Harvard Business School in 1960. He joined Bear Stearns in 1974, becoming a General Partner in 1977 and a member of the Board of Directors from 1987 to 1993. He had been the senior manager responsible for the following areas, having started many of them: options-equity trading and investment managing; derivatives; foreign exchange; index arbitrage, financial futures and commodities trading.
The nominee from recent classes, who also will serve a five-year term, is R. ROBERT WICKHAM, an Associate with the Boston Consulting Group of New York City. Mr. Wickhan received the SB and SM in aeronautics and astronautics from MIT in 1993 and 1995, respectively, and was a founding partner of Four Ace Group, aviation consultants. In his current position, he works for a leading management consulting firm where he assists major corporations in restructuring their organizations. During his six years at MIT, he took leadership positions in numerous student activities, competed on and coached the varsity squash team, taught undergraduate courses, and represented MIT as a visiting lecturer in Indonesia. He is a member of the executive committee of the MIT Club of New York, an educational counselor and an interviewer for high school candidates. Serving as an ex-officio member of the Corporation in 1996-97, in his capacity as the incoming President of the Association of Alumni and Alumnae, is DUWAYNE J. PETERSON, JR., president of DuWayne Peterson Associates of Pasadena, CA. Mr. Peterson received the SB degree in business and engineering administration from MIT in 1955 and the MBA from the University of California at Los Angeles in 1963. He worked with the Ford Motor Company and Honeywell before serving as Vice President for Systems Development and Data Processing at Citibank from 1970 to 1973. From then until 1977 he was Staff Vice President for Management Information Systems at the RCA Corporation. In 1977 he joined Security Pacific Corporation as Senior Vice President and was named Executive Vice President in 1978 and Chairman of Security Pacific Automation Company in 1984. In 1986 he became Executive Vice President of Merrill Lynch & Co., Inc., in New York City. In 1991 he retired from Merrill Lynch and returned to California, where he now serves as President of DuWayne Peterson Associates in Pasadena. He has been a member of the MIT Corporation since 1986.
As of July 1, the Corporation will be comprised of 69 distinguished leaders in education, science, engineering and industry, 24 of them life members. In addition, 25 individuals are life members emeriti, participating in meetings but without a vote.
The officers of the Corporation are: the Chairman, Dr. Gray (MIT, 1954); the President, Charles M. Vest; the Treasurer, Glenn P. Strehle (MIT, 1958); and the Secretary, Kathryn A. Willmore. In addition, other ex officio members include Massachusetts Governor William F. Weld; Paul J. Liacos, the Chief Justice of the Massachusetts Supreme Judicial Court; and Robert V. Antonucci, Massachusetts Commissioner of Education.