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FUQUA SCHOOL OF BUSINESS TO ESTABLISH CENTER, EXECUTIVE PROGRAM IN RUSSIA

 DURHAM, N.C., March 9 /PRNewswire/ -- Duke University's Fuqua School of Business Tuesday announced the formation of both an executive education center and a program in St. Petersburg, Russia, to provide Russian business managers with the skills they need to operate effectively in a market economy.
 The first program to be conducted by the innovative Fuqua Center for Manager Development will be funded by a $1.4 million grant from R.J. Reynolds Tobacco International Inc., an operating unit of RJR Nabisco Inc.
 The RJR Nabisco-Fuqua Program for Manager Development will consist of at least three intensive, two-week executive education sessions annually. The first will begin next fall with 40 to 50 business managers from a wide variety of industries in the St. Petersburg area in attendance.
 Jack L. Gosnell, the U.S. Consul General in St. Petersburg, applauded the program as a significant step in providing Russia with well-trained business mangers.
 "Through this agreement, Duke University's Fuqua School of Business and RJR Nabisco will be addressing one of the key problems -- the lack of business management skills -- in one of the world's critical new markets, Russia," said Gosnell, who is a member of the newly formed advisory board for the program.
 "These two outstanding American partners combine the essential elements -- Duke/Fuqua's experience in teaching Soviet managers and RJR Nabisco's already established record of responsible membership in the commercial community in St. Petersburg -- to create a successful program here. I am proud to be associated with their efforts."
 Co-chairmen of the program's advisory board are Thomas F. Keller, dean of the Fuqua School, and St. Petersburg Mayor Anatoly A. Sobchak. Other board members include Karl M. von der Heyden, executive vice president and chief financial officer of RJR Nabisco; Dale F. Sisel, president and chief executive officer of RJR Tobacco International; and J.B. Fuqua, chairman of The Fuqua Companies.
 Fuqua professor Simon Johnson, an expert on privatization in Russia and Ukraine, will direct the new program.
 The Fuqua School will develop and operate the program under the new center, the first it has established overseas. The center will offer a variety of educational programs and serve as a base for academic research.
 The Fuqua School has educated 230 managers from the former Soviet Union at its Durham campus since 1990. A group of 29 Russian and Ukrainian managers arrived at Fuqua March 6.
 The Durham program lasts three weeks and is followed by a one-week internship at a U.S. company. Graduates of the Durham program include managers from the Russian oil and gas industry, telecommunications, agribusiness and food processing and the computer industry.
 "We are eager to help managers in St. Petersburg prepare to meet the demands of a market economy," Keller said. "This new program and center build on our experience in educating Russian managers at Fuqua, and are strategic initiatives in our efforts to provide leadership in management education globally. We are grateful for RJR's support and confidence."
 He said the academic content of the St. Petersburg program will be very similar to the Durham sessions and is expected to attract annually more than 150 businessmen and entrepreneurs who are converting to a free market economy in Russia.
 Designed specifically for middle- and upper-level business managers, the curriculum will include business law and corporate structures, financial accounting and capital expenditure analysis, capital markets, privatization, restructuring, market-based management, leadership and negotiation, creating new businesses and business plans, developing products for exports and international business strategies.
 Fuqua will work in conjunction with one or more local St. Petersburg educational institutions to deliver the program.
 Fuqua's Russian partners will charge rubles to the Russian managers to pay for local costs. Fuqua will provide the faculty and meet its costs with the assistance of the RJR grant.
 Duke's business school was founded in 1969 and renamed the Fuqua School of Business in 1980. Fuqua's mission is to provide the highest quality education for business and academic leaders and advance the understanding and practice of management through research.
 -0- 3/9/93
 /CONTACT: Allison Adams, Fuqua School of Business, 919-660-7711, or Brenda Follmer, R.J. Reynolds Tobacco International Inc., 919-741-3160/
 (RN)


CO: Duke University Fuqua School of Business; R.J. Reynolds Tobacco
 International Inc.; RJR Nabisco Inc. ST: North Carolina IN: TOB FIN SU: PDT


CM -- CH004 -- 4393 03/09/93 09:19 EST
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Date:Mar 9, 1993
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