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Elkin B. McCallum Elected Chairman of Bentley College Board of Trustees

June 2, 2002

WALTHAM, Mass. - Elkin B. McCallum, chairman and CEO of Joan Fabrics Corporation, has been elected Chairman of the Board of Trustees of Bentley College. A 1967 graduate of Bentley, McCallum will serve a one-year term beginning July 1, 2002.

McCallum, a native of Lowell, MA, has been a member of the Board of Trustees since 1992 and most recently served as vice chairman. He first took a job at Joan Fabrics in Lowell as a dockworker in 1961 to earn tuition for his freshman year at Bentley. Joan Fabrics is one of the largest privately owned textile companies in North America.

The McCallum Family Foundation has been a generous benefactor to Bentley over the years. In recognition of its generosity, the college named its graduate school the Elkin B. McCallum Graduate School of Business in 1999.

"I think we're all looking forward to working closely with Elkin," said Bentley College President Joseph G. Morone. "He'll have his hands full given the momentum we built up under John Collins, but if anything, all of us feel confident that the momentum will grow under his stewardship."

John T. Collins '69 of Boston, who had served as chairman since 1998, will remain on to chair The Campaign for Bentley College. The capital campaign, which was publicly launched last fall and will continue through June 2005, is already more than halfway to its goal of $100 million. Collins is currently chairman and CEO of The Collins Group, which manages a private securities portfolio and holds minority interests on several privately held companies.

The Board of Trustees also elected three Trustees Emeriti: Gregory H. Adamian of Medford, MA was president of Bentley from 1970-1991 and has also served as a trustee since 1970 and chancellor since 1991; John J. Coleman of Milton, MA is a 1948 graduate of Bentley and has served as a trustee since 1985; and Gordon J. McLenithan of Watchung, NJ, president and CEO of Learning Information Network, Inc., is a 1967 graduate of Bentley and trustee since 1993. David H. Weener of Andover, MA, a 1972 graduate of Bentley and president of Nucon Capital Corporation, was elected vice chairman, succeeding McCallum.

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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