Wooster Receives $2-Million Gift for Business Economics


For more information, contact: John Finn

FOR IMMEDIATE RELEASE

APRIL 3, 2001

James R. Wilson

WOOSTER, Ohio - The College of Wooster has received a $2 million gift from James R. and Linda R. Wilson of Park City, Utah, to establish both a professorship and an endowed fund in business economics.

John Sell, a member of the Wooster faculty since 1981, has been appointed as the first James R. Wilson Professor of Business Economics.

While $1.5 million of the Wilsons' gift will provide Wooster with its 37th endowed chair, the endowed fund will be used to bring business leaders of national consequence to the Wooster campus for seminars and other special events throughout the academic year to augment the business economics program at the College.

Announcement of the gift was made during the spring meeting of Wooster's Board of Trustees.

"We are extremely grateful to Jim and Linda Wilson for this gift. It is a wonderful example of leadership for the College and also a recognition of the need to continue to strengthen an important area of the curriculum," said Wooster President R. Stanton Hales who made the announcement. "In addition, we are also delighted to be able to recognize John Sell for his excellent teaching and service to the College, including his development of the business economics program."

Wilson, the chairman of Wooster's Board of Trustees, graduated from the College in 1963 with a major in economics. He received the master of business administration degree with distinction from Harvard University in 1965. He has held senior financial and international management positions during his career with Fairchild Industries, Wickes Companies, Circuit City Stores, and Textron. He served as president, chief executive officer, and chairman of the board of Cordant Technologies from 1993 until his retirement from Cordant last year following the acquisition of the company by Alcoa Inc.

Sell, the first Wilson Professor, joined the Wooster faculty in 1981. Formerly chair of the department of economics, Sell received his bachelor's degree from the Pennsylvania State University. He earned both the master's degree and Ph.D. in economics and finance from the University of California at Los Angeles (UCLA).

A highly regarded consultant, Sell has provided advice for the Gerstenslager Co., LTB Industries, and PPG Industries, Inc. He is a member of the American Economic Association and the Western Economic Association. Published in the area of international business education, Sell has also taught courses on such topics as financial markets, investments, and strategic management. He also directs the international business program and the business economics internship. In addition, he is the faculty advisor to the Jenny Student Investment Club, in which students manage an endowed fund of nearly half-a-million dollars, which generates scholarships for international students.


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