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Bentley President to Lead Albany International Corp.

May 15, 2005

Waltham, MA - Dr. Joseph G. Morone, who in July will celebrate eight years as President of Bentley College, will leave the institution at the end of the summer to assume the role of President of Albany International Corp., a billion dollar publicly traded company.

Elkin McCallum, Chairman of the Board at Bentley stated, "Joe is extremely well regarded by students, faculty and staff - he will be greatly missed. He has spearheaded many significant achievements during his eight years as president. He guided growth in academic rigor, physical plant expansion, technological advancement, and strategic corporate partnerships."

He continues, "We are in the best possible position we could be to undergo a transition. The leadership team of the college is strong. And we're confident that the many initiatives currently underway will be successfully implemented during this transition. Our goal is to work closely and quickly with the Bentley community to identify a successor who can extend the mission of the institution. We wish Joe every success in his new venture; he has been a visionary leader for Bentley."

The Board of Trustees have met and selected a Steering Committee to guide the transition. Early next week the search process will be outlined to include the formation of a Search Committee, the selection of an executive search consultant, and the development of a timeline to complete the process. The Search Committee will be comprised of members of the Board, members of the Cabinet, key administrative personnel, and representation from faculty and students. The Chairman of the Board will chair the search committee.

BENTLEY UNIVERSITY is one of the nation’s leading business schools, dedicated to preparing a new kind of business leader – one with the deep technical skills, broad global perspective, and high ethical standards required to make a difference in an ever-changing world. Our rich, diverse arts and sciences program, combined with an advanced business curriculum, prepares informed professionals who make an impact in their chosen fields. Located on a classic New England campus minutes from Boston, Bentley is a dynamic community of leaders, scholars and creative thinkers. The Graduate School emphasizes the impact of technology on business practice, in offerings that include MBA and Master of Science programs, PhD programs in accountancy and in business, and customized executive education programs. The university enrolls approximately 4,100 full-time undergraduate, 140 adult part-time undergraduate, 1,430 graduate, and 43 doctoral students. Bentley is accredited by the New England Association of Schools and Colleges; AACSB International – The Association to Advance Collegiate Schools of Business; and the European Quality Improvement System, which benchmarks quality in management and business education. For more information, please visit www.bentley.edu

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