January 14, 1998

Two Two-Time Alums Donate Major Gifts To Maryland Business School

College Park, MD - January 14, 1998 - William E. and Kathy Mayer have committed $1.5 million to the Dean's Fund for Excellence at the University of Maryland Business School. William Mayer served as dean of the business school for four years, from 1992 to 1996. He received both his undergraduate (1966) and MBA (1967) degrees from the school. Currently, he is with Development Capital, LLC, in New York City; he is a founding member of the firm.

Paul and Jean Mullan have donated $1 million to endow the Paul and Jean Mullan Scholarship Fund. Like Mayer, Paul Mullan received both his undergraduate (1968) and MBA (1970) degrees from the Maryland Business School. Alumnus Mullan is a strategic partner with Charterhouse Group International, Inc., in New York City. He is the former chairman and CEO of Del Monte Foods.

The Maryland Business School Dean's Fund for Excellence is formally known as the William and Kathy Mayer Fund. The business school established the fund last spring to honor Mayer for his service as dean and to provide discretionary funds for the dean to initiate new or continue ongoing programs.

The Mullans' generous gift will help the business school increase the number of academically talented students at both the undergraduate and graduate levels.

Harvey Sanders, president, chairman, and CEO of Nautica Enterprises, has donated $100,000 to endow the Harvey Sanders Professor in Retailing and Services Marketing. Sanders is a 1972 graduate of the University of Maryland.

Also in support of faculty excellence, Donald Orkand, president of The Orkand Corporation, has committed $100,000 to establish the Orkand Corporation Professorship in Information Systems. A longtime friend and business school supporter, Orkand serves on the school's Council of Advisors.

The University of Maryland in October announced Bold Vision. Bright Future, a $350 million comprehensive fund-raising campaign chaired by Paul Mullan. As part of this campaign, the Maryland Business School is seeking to raise $30 million, specifically in endowment support, to meet its goal over the next five years.

"The Maryland Business School appreciates greatly the generosity of these alumni and friends," said Howard Frank, business school dean. "Their support and the support of others will enable the Maryland Business School to continue to provide high quality academic programs, scholarly research, and services to the business community. The support also will help to enhance the business school's position as one of the nation's best and most innovative centers of business education."

About the Robert H. Smith School of Business

The Robert H. Smith School of Business at the University of Maryland is an internationally recognized leader in management education and research for the digital economy. The school offers cross-functional study options in its six academic departments, which include accounting and information assurance; decision and information technologies; finance; logistics, business, and public policy; management and organization; and marketing. More information about the Robert H. Smith School of Business can be found at http://www.rhsmith.umd.edu.

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About the University of Maryland's Robert H. Smith School of Business

The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and flex MBA, executive MBA, online MBA, business master’s, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.

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