Contact: Bill Caldwell, Office of Public Information, Pace University, 212-346-1597, wcaldwell@pace.edu

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Richard F. Zannino elected to Pace University Board of Trustees

Predicts migration of U.S. economy to global skills and services base will accelerate need for Pace graduates

NEW YORK, NY, January 6, 2009 – Pace University has elected Richard F. Zannino ’84, a global media and retail executive and the former chief executive officer of Dow Jones & Company, to the University’s Board of Trustees, effective immediately. Zannino is an alumnus of Pace University’s Lubin School of Business, where he earned an MBA in Finance in 1984.

Commenting on his appointment, Mr. Zannino said, “Pace offers real-life academic inspiration, knowledge and experience to a very diverse group of smart, ambitious, hard-working, and multi-talented students. The lessons learned at Pace help these students succeed in life, at work, and in their communities. I am honored to join with fellow Pace trustees as well as faculty, students and other colleagues to help Pace build on this tradition.”

“Rich Zannino’s sophisticated experience in management and finance will help Pace achieve even more for our students and enhance our graduates’ value for the employers who hire them,” added Aniello A. Bianco '61, Chair of the Pace Board of Trustees. “We are very pleased he is joining our team as Pace prepares for the challenges ahead in these difficult economic times.”

Zannino sees Pace’s future as brighter than ever. He concludes: “The migration of the U.S. to a predominantly skills- and services-based economy, and its increasing reliance on the global marketplace, is sure to accelerate the need for the types of creative, sensible, diverse, globally-minded and honest teachers, nurses, lawyers, accountants, businesspeople, technologists, information specialists and other thinking professionals who graduate from Pace each year.”

Double-digit growth. At Dow Jones, Zannino began the firm’s business and cultural transformation from newspaper publisher to diversified media company, driven by $2.5 billion in acquisitions, organic growth investments, business restructurings, and asset sales. This culminated in eight consecutive quarters of double-digit earnings growth during 2006 and 2007. Zannino joined Dow Jones as executive vice president and chief financial officer in February 2001, was promoted to chief operating officer in July 2002, and to chief executive officer and director in February 2006. He resigned from the company in January 2008, shortly after its acquisition by News Corp.

Before Dow Jones, Zannino was executive vice president in charge of strategy, finance, mergers and acquisitions, IT, and several business units at Liz Claiborne, having joined the company in 1998 as chief financial officer. Before that, he worked as executive vice president and chief financial officer of General Signal in 1998 prior to its sale. Earlier he had been at Saks Fifth Avenue from 1993 until early 1998, most recently as its executive vice president and chief financial officer.

He held finance, strategy and merger and acquisitions positions at Peter Kiewit Sons’, Inc., from 1986 to 1991, JWP during 1992, Emery Air Freight from 1984 to 1986 and Continental Group from 1981 to 1984, where he began his career as an accounts payable supervisor.

For 102 years Pace University has produced thinking professionals by providing high quality professional education resting on a firm base of liberal learning, amid the advantages of the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, Lienhard School of Nursing, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu

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