Rice University Fills Four Board of Governors Positions

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RICE UNIVERSITY FILLS FOUR BOARD OF GOVERNORS POSITIONS

The Rice University Board of Governors filled four
positions during its meeting today, appointing two new members and re-appointing
two members to their second four-year terms.

Gloria McDermith Shatto ’54, president of Berry College in Mount Berry, Ga.,
was named as an alumni governor, a four-year appointment to the post she was
chosen for by the Association of Rice Alumni. Bank of America senior vice
president Teveia Barnes ’75 was named to complete a two-year term member post on
the board. Robert Maxfield ’63 and William Sick ’57 were re-appointed as term
members. All four will begin their terms on July 1, 1997.

“Rice University has always been fortunate to have men and women who are
leaders of their communities apply their considerable energies to the great
benefit of the university,” said E. William Barnett, chair of the Rice Board of
Governors. “Gloria Shatto, Teveia Barnes, Robert Maxfield and William Sick are,
by any measure, exceptional individuals of national stature who bring a wide
range of experience to the board. We are also very proud that they are all Rice
alumni.”

Shatto is a highly respected economist and educator. She received Rice’s
distinguished alumni award in 1987. She was an associate professor of economics
at the University of Houston, associate dean and professor of economics at
Georgia Tech’s College of Management, and the George R. Brown Professor of
Business and Economics at Trinity University in San Antonio, Texas, before being
named president of Berry College in 1980. Shatto has served as a director of
several major U.S. corporations, including Kmart Corp. and NationsBank of
Georgia, N.A. She is currently a member of the board of directors of Becton
Dickinson and Company, The Southern Co. and Texas Instruments.

Barnes earned her law degree from New York University School of Law in 1978.
She is now serving as the associate general counsel and senior vice president of
Bank of America National Trust and Savings Association. She is responsible for
managing 50 attorneys and providing legal advice for various banking interests
ranging from investments to business credit. She chairs the National
Multicultural Institute’s Advisory Council and is a member of the American Bar
Association’s Commission on Minorities in the Profession. .

Maxfield, a successful entrepreneur, retired from Kleiner Perkins Caufield
and Byers venture capital firm in 1992 to manage his personal investments. He
earned a Ph.D. in 1969 at Stanford University, where he serves as an adjunct
professor. In 1969, Maxfield co-founded ROLM Corp., a computerized telephone
systems manufacturer, which was sold to IBM in 1984. He is a member of the
Institute of Electrical and Electronics Engineers and of Phi Beta Kappa. His
family foundation, the Maxfield Foundation, primarily supports cancer
research.

Sick is the chairman and CEO of Business Resources International, an
investment firm in Illinois. He is chairman of the Illinois-based Power Trends
and a member of the boards of Aware located in Mass., Faroudja Images in Calif.,
and MetaSolv in Dallas. Sick formerly served as chief executive officer and
director of American National Can Company, the world’s largest packaging
company. He was also an executive vice president and a director of Texas
Instruments where he served in a variety of management positions, including five
years as president of the semiconductor business, the company’s largest
business.

“We are extremely pleased that Bob Maxfield and Bill Sick will continue to
serve as term governors, and that Gloria Shatto and Teveia Barnes will be
joining the board,” said Rice president Malcolm Gillis. “It is always gratifying
when alumni who achieved considerable success in their professional lives return
to Rice and bring their skills to bear on the university’s behalf. We can count
on them to maintain Rice’s leadership in teaching and in research as we prepare
for the university’s second century.”

Rice’s Board of Governors is comprised of seven trustees, eight term members
and four alumni members. Trustees serve for an unlimited period of time. Term
and alumni members are appointed by the board to serve four-year terms.

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