Sears nominates Price and Ryan to board.HOFFMAN ESTATES, Ill.--(BUSINESS WIRE)--March 20, 1997--The board of directors of Sears, Roebuck and Co. nominated Hugh B. Price, president and chief executive officer of the National Urban League, and Patrick G. Ryan, chairman, president and chief executive officer of Aon Corporation, to become members of the board. The nominees will be voted on by shareholders at the company's May 8 annual meeting, and would increase the number of Sears directors to 12. ``We are pleased to have these two outstanding nominees for our board,''said Sears chairman and chief executive officer Arthur C. Martinez. ``Their collective experience will be invaluable in helping us deal with the complex business and public policy issues that we face in the competitive world of retailing as we continue to transform and grow our company.'' Price was appointed president and chief executive officer of the National Urban League on July 1, 1994. Prior to joining the National Urban League, he was vice president at the Rockefeller Foundation. He also served for six years as senior vice president of WNET/Thirteen, the public television station in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , and from 1978 to 1982 was a member of the editorial board of The New York Times. Price serves on the boards of the Metropolitan Life Insurance Company, NYNEX NYNEX New York-New England & X for the Unknown (Telephone Company) NYNEX New York Network Exchange , Educational Testing Service The Educational Testing Service (or ETS) is the world's largest private educational testing and measurement organization, operating on an annual budget of approximately $1.1 billion on a proforma basis in 2007. , the Urban Institute and the Academy of Political Science. He also was appointed by President Clinton to serve on the National Skills Standards Board. Price holds a B.A. degree from Amherst College, and a J.D. degree from Yale University. He has received the Medal of Honor Medal of Honor highest American military decoration for wartime gallantry. [Am. Hist.: Misc.] See : Bravery from Yale; the President's Medal from Hunter College, and honorary degrees from Amherst College, Connecticut College, George Washington University George Washington University, at Washington, D.C.; coeducational; chartered 1821 as Columbian College (one of the first nonsectarian colleges), opened 1822, became a university in 1873, renamed 1904. and SUNY-Empire State College. Ryan, chairman, president and chief executive officer of Aon Corporation, founded Ryan Insurance Group in 1964. His company merged with Combined International Corporation in 1982. At that time, Ryan became president and chief executive officer of the merged entity, which was renamed Aon Corporation in 1987. Ryan serves as chairman of the board of trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of Northwestern University and as a trustee of Rush-Presbyterian-St. Luke's Medical Center. He is a trustee of The Field Museum of Natural History Field Museum of Natural History, at Chicago, Ill. Founded in 1893 through the gifts of Marshall Field and others, it was first known as the Columbian Museum of Chicago and later (1943–66) as the Chicago Natural History Museum. and a member and past president of the Economic Club of Chicago. A graduate of Northwestern University, Ryan serves as chairman of Northwestern's Athletic Facilities Campaign. He is a recipient of the Horatio Alger Association of Distinguished Americans Award, the Business Statesman Award from Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. Club of Chicago and the Distinguished Leadership Award from the Chicagoland Chamber of Commerce The Chicagoland Chamber of Commerce is the largest association of businesses in Illinois, dedicated to the success of their 2,600 members and their 1.3 million employees. Their mission is to make Chicagoland, which they define as the six counties surrounding Chicago (Cook, DuPage, . Ryan also is a member of the Chicago Business Hall of Fame. Through its network of 821 full-line department stores and more than 2,500 off-the-mall stores, Sears is a leading retailer of apparel, home and automotive products and services for families throughout North America, serving more than 50 million households. CONTACT: Sears, Roebuck and Co. William H. Parke, 312/286-5998 |
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