Pace University to Honor Thomas C. Hays, CEO of Fortune Brands, During Annual Award Dinner, June 16

Pace University will honor Thomas C. Hays, chairman and CEO
of Fortune Brands, Inc., during the University’s 36th annual Leaders in
Management Award Dinner, on June 16 at The Plaza Hotel. Hays also will
receive an honorary Doctor of Commercial Science degree from the University
that evening.

Contact: Public Affairs

(212) 346-1637
NEW YORK – Pace University will honor Thomas C. Hays, chairman and CEO
of Fortune Brands, Inc., during the University’s 36th annual Leaders in
Management Award Dinner, on June 16 at The Plaza Hotel. Hays also will
receive an honorary Doctor of Commercial Science degree from the University
that evening.

The Leaders in Management Award is presented to prominent members of the
business community. It celebrates personal and professional accomplishments
that strengthen and enhance the economic, civic and cultural life in New York
and the nation. In addition, the Award serves as a symbol of excellence to
Pace University students.

Fortune Brands is a consumer products company whose brands include Titleist,
Foot-Joy and Cobra golf equipment, Jim Beam spirits, Master Lock hardware,
Moen faucets and Swingline Staplers. The company has a strong commitment to
improving the quality of life in the communities within which it operates.
Fortune Brands emphasizes a diversified workplace, and provides generous support
to such organizations as the National Urban League, the National Hispanic
Scholarship Fund and the United Way.

Thomas Hays joined the Andrew Jergens Company in 1964, was elected a director in
1974, advanced to the company’s executive vice president in 1978 and became
president and CEO a year later. In 1980, Hays joined the American Tobacco
Company as vice president-marketing, which, like Jergens, was a subsidiary of
American Brands, Inc. He was elected executive vice president in 1981, president
and chief operating officer in 1985 and CEO in 1986. American Brands sold the
American Tobacco Company in 1994.

Hays was elected a director of American Brands in 1981, a vice president in 1984
and a member of the company’s executive committee in 1987. He was elected chairman
and CEO of American Brands effective on January 1, 1995, after having served as
president and COO for nearly eight years, and on January 1, 1996 he assumed the
position of chairman of the executive committee. In May 1997, American Brands
became Fortune Brands, Inc.

Hays is a member of the Ambassadors’ Roundtable, The Forum for World Affairs, The
Business Roundtable and its Corporate Governance Task Force, The Conference Board,
and The Economic Club. He also serves as a director of ACNielson, the Fairfield
County Community Foundation, Inc., and the Southwestern Area Commerce and Industry
Association.

The Leaders in Management Award Dinner was initiated in 1962 by the Pace University
Executive Council to highlight the corporate community’s support and encouragement
of the University. Proceeds are used to match the $10 million Dyson Family Challenge,
the National Endowment for the Humanities Challenge Grant and the $55-million Campaign
for Pace University.

Past recipients of the Award include Eugene R. McGrath, Consolidated Edison; Thomas G.
Lebrecque, The Chase Manhattan Bank; William Ferguson, NYNEX Corporation; Robert E.
Allen, AT&T; Maurice R. Greenberg, American International Group, Inc.; John Weinberg,
Goldman, Sachs & Co.; and the Board of Trustees of Pace University.

Pace is a comprehensive, independent University with campuses in New York City and
Westchester County. Nearly 14,000 students are enrolled in undergraduate, graduate
and professional degree programs in the Dyson College of Arts and Sciences, Lubin
School of Business, School of Computer Science and Information Systems, School of
Education, School of Law and Lienhard School of Nursing.

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