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FORMER NATIONAL STARCH AND CHEMICAL CHAIRMAN AND CEO NEWARK , September 26, 2000 -
James A. Kennedy, former Chairman and Chief Executive Officer of National Starch and Chemical Company, has been chosen to serve as chair of the Board of Trustees of the New Jersey Institute of Technology (NJIT).
Mr. Kennedy assumed the position on September 14, 2000, from Victor A. Pelson, Senior Advisor, Warburg Dillon Read, LLC, who retired as chair of the university's 15-person governing board.
Saul K. Fenster, NJIT President, stated, "NJIT expanded greatly during Vic Pelson's tenure as chair. His expertise served the board well." During Pelson's 12 years as chair, NJIT established the Albert Dorman Honors College and added many new buildings on campus including the Guttenberg Information Technologies Center, the Building Sciences Complex and two residence halls.
Mr. Kennedy has been a member of NJIT's Board of Trustees for four years and a member of the Board of Overseers, the 49-member board that oversees university's Foundation, for 10 years. In addition, he has served as chair of the Board of Overseers for the past five years. Along with his Board positions, Mr. Kennedy serves as Vice Chair of The Campaign for NJIT, the university's $120 million fundraising effort.
"Mr. Kennedy has been a key member of both our Board of Trustees and Board of Overseers for many years. We're delighted to be able to continue looking to his wise counsel and expertise in business and technology management in support of future decision making," said Fenster.
Mr. Kennedy, who resides in Bernardsville, N.J., retired as Chairman and CEO of National Starch and Chemical Company and from the Board of Directors of Imperial Chemical Industries, PLC, last year. National, headquartered in Bridgewater, N.J., is a leading manufacturer of adhesives, specialty synthetic polymers, electronic and engineering materials and specialty food and industrial starches. During his 37 years with the company, Mr. Kennedy was instrumental in furthering its global expansion and continuing its 30-year record of consecutive annual increases in operating profit.
##### Currently, Mr. Kennedy is also a member of the Board of Directors for Guardian Life Insurance Company of America and Freedom House. He earned his MBA from Columbia University Graduate School of Business and his bachelor's degree in Economics from College of the Holy Cross.
NJIT is a public research university enrolling over 8,200 bachelor's, master's and doctoral students in 80 degree programs through its five colleges: Newark College of Engineering, New Jersey School of Architecture, College of Science and Liberal Arts, the School of Management and the Albert Dorman Honors College. Research initiatives include manufacturing, microelectronics, multimedia, transportation, computer science, solar astrophysics, environmental engineering and science, and architecture and building science.
According to Yahoo! Internet Life magazine rankings, NJIT has been America's most wired public university for three consecutive years. U.S. News and World Report's 1999 Annual Guide to America's Best Colleges ranked NJIT among the nation's top universities, and Money magazine's most recent issue of Best College Buys rated NJIT as the sixth best value among U.S. science and technology schools and among the top 100 overall. In September 1999, Mademoiselle ranked NJIT as the second most Internet-connected university in the nation.
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