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NEWS RELEASE: Stephen J. Friedman reappointed as president of Pace University for another five-year term

FOR IMMEDIATE RELEASE

Stephen J. Friedman reappointed as president of Pace University for another five-year term

New York, NY – April 11, 2011 – Pace University’s Board of Trustees has unanimously voted to reappoint Stephen J. Friedman as president of Pace University for another five-year term. President Friedman’s new five-year term will begin July 1, 2012 after the completion of his current term.

“President Friedman has shown exemplary leadership in his almost four years as president of Pace as well as his three years as Dean of the Law School,” said Aniello A. Bianco, Chair of Pace’s Board of Trustees. “He has been successful in restoring the fiscal stability of the University and has shown outstanding support for innovative academic initiatives. The Trustees appreciate his strong commitment to the success of the University.”

In his statement to the Pace community, Bianco noted that President Friedman has accomplished a great deal in his short time as president. He has assembled a talented and dedicated management team. With his leadership, the creation and implementation of Pace’s Three-Year Plan resulted in fiscal soundness and a well defined strategic position for the University in professional education. His guidance has led to steady growth in enrollment and increased philanthropic support. A new strategic plan, adopted last year, sets forth a clear vision for Pace’s future and builds on the University’s historic strength in educating thinking professionals.

“I am grateful to the Board of Trustees for their confidence and support,” said Friedman. “I am proud and privileged to be leading such talented and dedicated faculty, staff, and students into a very bright future for this great university.”

Background: Friedman is a former senior partner at Debevoise & Plimpton LLC, commissioner of the Securities and Exchange Commission, deputy assistant secretary of the Treasury, executive vice president at The Equitable Companies Incorporated and the E.F. Hutton Group Inc., and U.S. Supreme Court law clerk. He is a director of the Downtown Alliance and New York Stock Exchange Regulation, Inc., and a trustee of New York Downtown Hospital and the Practicing Law Institute. He is also a member of the Council on Foreign Relations, a board member on the Commission on Independent Colleges and Universities, and chairman emeritus of American Ballet Theatre.

About Pace University

For 105 years, Pace University has educated thinking professionals by providing high quality education for the professions 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, College of Health Professions, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu

Media contact: Bill Caldwell, Pace University, 212-346-1597, wcaldwell@pace.edu

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