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Contact Information: Tanya Klein Public Relations 973-596-3433

Arthur Ryan, Chairman and CEO of Prudential Financial, Inc., to Speak at Commencement

Arthur F. Ryan, chairman and chief executive officer of Prudential Financial, Inc., will be the keynote speaker at New Jersey Institute of Technology’s (NJIT) spring 2005 Commencement, which, for the first time, is being held at Continental Airlines Arena, East Rutherford.

NJIT will bestow an honorary doctor of science degree to Ryan for his outstanding professional achievements in the insurance and financial industries and for his ongoing commitment to academic excellence and service to the community.

NJIT will award more than 1,000 bachelor’s, master’s and doctoral degrees during the May 26, 2005, ceremony, which begins at 9 a.m. at the arena.  It is also the first time that NJIT is holding just one graduation ceremony. Previously the university held both a winter and a spring ceremony.

Prior to joining Prudential in Dec. 1994, Ryan had been president and chief operating officer of Chase Manhattan Bank.  He ran Chase's worldwide retail bank between 1984 and 1990.  Ryan was named chairman of the American Council of Life Insurers (ACLI) in Oct. 2003. Ryan is also co-chair of the New Jersey Performing Arts Center, Newark, and a member of the Council on Foreign Relations. He sits on the boards of trustees of  New York Presbyterian Hospital and of Regeneron Pharmaceuticals, Inc.

He is co-chair of the board of Achieve, Inc., an organization created by U.S. governors and business leaders to drive high academic standards for public schools in the United States, and a board member at the Committee to Encourage Corporate Philanthropy.

One of the nation's leading public technological universities, New Jersey Institute of Technology (NJIT) is a top-tier research university that prepares students to become leaders in the technology-dependent economy of the 21st century. NJIT's multidisciplinary curriculum and computing-intensive approach to education provide technological proficiency, business acumen and leadership skills. With an enrollment of more than 10,000 graduate and undergraduate students, NJIT offers small-campus intimacy with the resources of a major public research university. NJIT is a global leader in such fields as solar research, nanotechnology, resilient design, tissue engineering, and cyber-security, in addition to others. NJIT ranks 5th among U.S. polytechnic universities in research expenditures, topping $110 million, and is among the top 1 percent of public colleges and universities in return on educational investment, according to PayScale.com.