Drs. Margaret Hennig and Anne Jardim, founding deans of Simmons College Graduate School of Management, to retire in August 1997

Business Wire, Nov 15, 1996

BOSTON--(BUSINESS WIRE)--Nov. 15, 1996--

Both announce future plans

Dr. Daniel S. Cheever Jr., president of Simmons College today announce that he had accepted, with deep regret, the resignations of Dr. Margaret Hannig and Dr. Anne Jardim as founding Deans of the college's path-breaking Graduate School of Management (GSM), effective Aug. 31, 1997.

Jardim and Hennig, whose seminal work "The Managerial Woman" redefined the roles and expectations of women in business, founded the GSM in 1973. Since then the school, still the only leading institution in the country to provide graduate business education exclusively for women, has graduated more than 2,700 students, many of whom are internationally recognized executives in business and finance. Prominent alumnae in Boston alone include:

-- Martha Crowninshield, general partner, Boston Ventures Management

Inc.

-- Gail Deegan, chief financial officer, Houghton Mifflin

-- Gail Long, division executive, U.S. Corporate, BankBoston

-- Sheryl Marshall, vice president, Donaldson Lufkin & Jenrette

-- Gail Snowden, president, First Community Bank, BankBoston

In making the announcement, Cheever paid tribute to the Deans' lifetimes of contributing to the real progress of women in business. "When the Deans first told me of their decision to step down, I thought immediately of their contributions to women in business. The groundbreaking and positive work of these two people has established beyond question the very compelling case for graduate business education for women. Further, their inspiration and dedication has put Simmons' Graduate School of Management on firm ground both intellectually and fiscally."

Cheever also announced that Hennig plans to serve the school for two years as a distinguished professor to concentrate on developing specific case studies on the evolving roles and ethical issues facing senior women in business. Her work will launch the Colman Mockler Institute in Ethics, named in honor of the late chairman of the Simmons College Corp. and of the Gillette Co.

Jardim is completing her next book on women in senior management entitled "Executive Women: Hierarchy, Status and Gender," which will be ready in the summer of 1997. She will continue to advise Cheever and the Simmons College faculty and administration. Both Jardim and Hennig will also assist with the college's centennial and the GSM's quarter century celebration in 1999.

A search committee is currently being formed to name a new dean of the management school. The committee will include GSM faculty, staff and alumnae, senior executives and representatives of other constituencies of the Simmons College family.

Simmons College was founded in 1899 to educate women for fulfilling careers and independent lives. Simmons offers undergraduate programs for women and graduate programs for women and men in four graduate schools and numerous graduate programs.

The Simmons Graduate School of Management is the first and only MBA program in the country designed to address the needs of women in management. This year its entering class includes four international Fulbright Scholars and women with advanced degrees in architecture, engineering, law and medicine.

CONTACT: Simmons College

Patricia Maroni, 617/521-2364

or

Carol Jennings

617/348-0410