June 25, 2004

To: The Campus Community

From:  Vince Passaro

Re:  Announcement of President-designate

The News Office this evening issued the following press release:

For Immediate Release
June 25, 2004
______________________________________________________________

Latin American History Scholar, LIU Dean and Former Citibank Vice President
Named Next President of Baruch College

--CUNY Appoints Kathleen M. Waldron to Succeed Ned Regan --

BARUCH COLLEGE, NEW YORK, NY -- Citing her strong experience as a scholar,
executive, and educator, the Board of Trustees of The City University of New York
today appointed Dr. Kathleen M. Waldron, Dean of the School of Business, Public
Administration and Information Sciences at Long Island University and former
President of Citibank International, to become President of CUNY’s Baruch College,
effective August 2, 2004.

In accepting the Board’s appointment at its evening session today, Dr. Waldron said,
“I’m thrilled and honored to receive this opportunity and I’d like to express my
gratitude to the CUNY Board, to Chancellor Matthew Goldstein, and to the
enormously generous alumni, faculty, and students of Baruch College. I was
extremely impressed by all of them as I met them throughout the search process.
Their energy, scholarship and commitment make Baruch the great institution it is.”

A Fulbright Scholar who received her doctorate in Latin American history from
Indiana University, Dr. Waldron held numerous senior management positions at
Citibank over a 15-year period, including President of Citibank International in Miami
from 1991 through 1996. Dr. Waldron is Dean of the School of Business, Public
Administration and Information Sciences at Long Island University’s Brooklyn
Campus, responsible for academic quality, curricula, the development of alumni and
corporate relations and student advising.

As President of Baruch College, Dr. Waldron will lead an institution with 15,000
undergraduate and graduate students. Baruch, comprising the Zicklin School of
Business, the largest accredited business school in the nation, as well as the
Weissman School of Arts and Sciences and the School of Public Affairs, is one of the
most selective public colleges in the northeast. It is also consistently ranked the most
diverse college in America by US News & World Report, with students from more
than 120 nations and over ninety language groups.

Ned Regan, the former Comptroller of the State of New York who served as Baruch’s
president from 2000 to 2004, steps down to take a chair as University Professor, with
special research emphasis in the areas of financial and accounting transparency
and governance issues under the aegis of Baruch's Center for Financial Integrity.
Under Regan’s leadership Baruch students’ test scores have risen, retention has
improved dramatically, and student services, especially in advising and
employment, were significantly overhauled.  The campus opened its award-winning
Vertical Campus complex in 2001, and in 2003 The William and Anita Newman
Library was named by ALA’s academic arm as the best college library in the nation.

                                                                              ***
Dr. Waldron comes to Baruch College after serving for six years as Dean of the
School of Business, Public Administration and Information Sciences at Long Island
University’s Brooklyn Campus, where she had responsibility for a student body of
1,000 and more than 70 full-time and adjunct faculty.  In her tenure at LIU, she
established endowed scholarships and obtained the first corporate foundation
awards in the school’s history.

Immediately prior to joining Long Island University in 1998, Dr. Waldron worked at
Citibank for fifteen years in senior management positions. From 1996 to 1998 she
was a member of the policy committee for Citibank's Private Bank, which managed
over $100 billion in assets of clients from over forty countries and offered a full range
of investment, credit and corporate finance products. She was in charge of Global
Strategic Planning for the Private Bank as the group achieved revenues of $1.4
billion. She also served on a transition team when Citicorp merged with Travelers
Insurance to form Citigroup in 1998.

From 1991 to 1996, Dr. Waldron was President of Citibank International in Miami,
where she managed a $25 million business. From 1988 to 1991, she was director of
Citibank’s International Agencies Division responsible for providing investment and
credit services to large not-for-profit entities in the United States, Africa, Asia and
Latin America. Prior to joining Citibank, she worked at Chemical Bank in the
Argentine area of the Latin American Division, with responsibility for government
and private sector lending.

Dr. Waldron received her doctorate in Latin American History from Indiana University
in 1977 and a Certificate in Business from New York University in 1983.  Before her
banking career, Dr. Waldron was an assistant professor at Bowdoin College in
Maine and, from 1980 to 1981, a Fulbright Scholar at the Universidad Católica
Andres Bello in Caracas, Venezuela. She has published articles on Latin American
finance and Latin American history and she regularly delivers papers and
presentations at academic and professional meetings. She serves on the board of
Acción International, a large global, nonprofit microcredit lending organization.

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For information contact:
Vince Passaro 212-802-2916
Zane Berzins 212-802-2881