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For immediate release: June 18, 2002

Contact: Lauren Robinson-Brown, (609) 258-3601, lauren@princeton.edu

Princeton University names nine new trustees

PRINCETON, N.J. -- Princeton University has named nine new members of its Board of Trustees, including a long-time community activist from Trenton, two federal legislators, and the former president of Harvard University.

Stephen A. Oxman was elected by the board as a charter trustee for a 10-year term. Five new trustees, Kathryn Hall, Preston Haskell, Mellody Hobson, Neil Rudenstine and U.S. Sen. Paul Sarbanes, were elected by the board to four-year terms as term trustees. Alumni elected three board members, Charles H. Brown, Martin P. Johnson and U.S. Rep. James A. Leach, to four-year terms.

The Board of Trustees is responsible for the finances and funds of Princeton University. It approves the operating and capital budgets, supervises the investment of the University's endowment, and oversees all campus real estate and long-range physical planning. The Trustees also exercise a prior review and approval concerning changes in major policies, such as those in instructional programs and admission policies, as well as tuition and fees and the hiring of faculty members.

Following is information about Princeton's new trustees:

Charles H. Brown, who graduated in June, majored in history with certificates in African-American studies and human values, writing his thesis on race relations in Liverpool, England after World War II. He was a member of the history department's Undergraduate Program Committee, a mentor in the Big Brothers/Big Sisters Program, and a tutor to high school students preparing for the SATs.

Brown was elected as an alumni trustee by recent graduates and upperclassmen.

Kathryn Hall is president and chief investment officer of Offit Hall Capital Management, a San-Francisco-based investment firm. Hall, a member of the class of 1980, has a history of merging her passion for support of the arts and education with her expertise in investment planning. She sits on the boards of the UCSF Foundation, the Stanford Management Company, and the San Francisco Day School.

Hall has served Princeton as a board member of the Princeton Investment Co., and was a member of the Special Gifts Committee for her 20th reunion. She has been a member of the Board of Trustees at Mills College, an independent college for women.

Preston Haskell is founder and head of The Haskell Company, which provides architectural, engineering, construction and other services. He is an avid collector of abstract art who has served on the advisory council to Princeton's art museum, and is active in educational and other public issues around Jacksonville, Fl. Haskell, a member of the class of 1960, also was a board member from 1996 to 2000.

In the fall of 2000, Haskell led a task force charged with studying voting problems, including a large number of rejected ballots in Jacksonville. He serves on the New Century Commission on Education, a project of the Duval County School Board, and his company participates in a program that pairs CEOs with principals of struggling Florida public schools.

Mellody Hobson progressed from intern to president of Ariel Capital Management, Inc./Ariel Mutual Funds in a decade. Ebony Magazine recognized her in 1992 as one of "30 Leaders of the Future." A member of the class of 1991, she has been instrumental in building the nation's first black-owned mutual fund group. She works to encourage other African-Americans to consider careers in investment planning, and launched an annual survey of African-American investment habits.

Hobson is a frequent commentator on investment issues, appearing on national television shows. She also spent three years as a financial reporter on WGN's "Minority Business Report." She is a member of the boards of directors of the Chicago Public Library, the Field Museum, the St. Ignatius College Preparatory School and the Chicago Public Education Fund.

Martin P. Johnson, a member of Princeton's class of 1981, is president of Isles, Inc., an organization he co-founded with a handful of other students during his senior year at Princeton. Today, the Trenton-based non-profit community development organization develops more than $5 million in real estate each year and runs programs in health and education, leadership development and community planning &endash; benefiting nearly 15,000 residents. Isles also provides research opportunities for Princeton students and faculty members interested in community development.

For his work, Johnson has received the Take Pride in America Award from President George H.W. Bush in 1989, and the Princeton Peace Prize for promoting economic justice in the region. In 1998, he received the New Jersey Pride Award from New Jersey Monthly magazine and the Humanitarian Award from the National Conference for Community and Justice. A frequent writer and lecturer on community development, Johnson served as a visiting faculty member at Princeton's Woodrow Wilson School of Public and International Affairs in 1996.

James A. Leach represents Iowa's first congressional district in the U.S. House of Representatives. Iowa voters first sent him to Congress in 1976, and he is now in his 13th term. A leader of the moderate branch of the Republican Party, Leach has served as chairman of the Committee on Banking and Financial Services, the Committee on Financial Services and the Subcommittee on East Asia and the Pacific of the Committee on International Relations.

In the 1980s and 1990s, Leach pushed forward Congressional efforts to attain a nuclear freeze and then a comprehensive test ban, and has been a leader of Congressional campaign-reform efforts. He has received six honorary degrees and many other honors, including major awards from the United Nations Association and the Sierra Club. Before joining Congress, Leach worked as a Foreign Service officer and as special assistant to Donald Rumsfeld, then director of the Office of Economic Opportunity. He served as a delegate to the Geneva Disarmament Conference and the U.N. General Assembly.

Stephen A. Oxman, a member of Princeton's class of 1967, was assistant secretary of state for European and Canadian Affairs in the first Clinton administration and also served in the Carter administration. He is a senior advisor at Morgan Stanley Dean Witter & Co., and previously was a senior managing director in charge of the telecom mergers and acquisitions practice at BT Wolfensohn, the worldwide mergers and acquisitions arm of Bankers Trust.

Oxman served on the advisory council at Princeton's Woodrow Wilson School of Public and International Affairs during the 2001-2002 academic year. He also serves on the board of directors of Good Shepherd Services, a New York-based organization that provides assistance to struggling children and families.

Neil L. Rudenstine, former president of Harvard University and Princeton's former provost, will begin a four-year term on the Board of Trustees. Rudenstine now serves as chairman of a major non-profit organization, ArtSTOR, which will develop, maintain and distribute digital resources for the study of art, architecture and related fields in the humanities.

Rudenstine, a member of Princeton's class of 1956 and former Rhodes Scholar, was named Harvard's president in 1991 and left the position last year. A specialist in Renaissance literature, Rudenstine returned to Princeton in 1968 as dean of students and associate professor of English. He became dean of the college in 1972 and provost five years later. He resigned in 1987 to direct the Mellon Foundation. Rudenstine has championed policies that promote diversity on college campuses and has been credited with promoting unity among Harvard's schools and colleges. In 1996, he received Princeton's Woodrow Wilson Award, the University's highest award for undergraduate alumni.

Paul Spyros Sarbanes, a member of Princeton's class of 1954, has represented Maryland in the United States Senate since 1976. Chairman of the Maryland Congressional delegation, Sarbanes, a Democrat, serves as chairman of the Senate Committee on Banking, Housing and Urban Affairs and serves on the Joint Economic Committee, the Senate Foreign Relations Committee and the Senate Committee on the Budget.

As a senator, Sarbanes has supported legislation that would increase funding for student aid programs in higher education, including efforts to increase the maximum Pell Grant award. He also introduced legislation establishing the Thurgood Marshall Legal Opportunity Program, an initiative that would assist disadvantaged students attending law school. Before his election to the Senate, Sarbanes was a three-term member of the U.S. House of Representatives. He is a former Rhodes Scholar who has practiced as an attorney and lawyer and held several important positions in local and state government.

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