CAMBRIDGE, Mass.--The Corporation of the Massachusetts Institute of Technology--MIT's board of trustees--elected two life members and nine term members at its quarterly meeting today, Friday, June 9, held just before the Institute's Commencement Exercises.
The names of those elected, some of whom have served previously, were announced by Dr. Paul E. Gray, Chairman of the Corporation.
Elected to life membership were:
Samuel W. Bodman, Chairman and Chief Executive Officer, Cabot Corporation, Boston. Dr. Bodman received the SB degree in chemical engineering from Cornell University in 1961, and the ScD degree from MIT in 1964. He was a member of the MIT faculty from 1964 to 1970, serving as assistant and associate professor of chemical engineering. In 1970, he was a founding partner of Fidelity Ventures Limited. In 1980 he became Executive Vice President and Director of the Fidelity Group of Mutual Funds and in 1982 accepted the additional position of President and Chief Operating Officer of FMR Corporation, the parent holding company of Fidelity Investments. He served in these two positions until 1987, when he became President and Chief Operating Officer of Cabot Corporation. He has been Chairman and Chief Executive Officer since 1988. He has been a member of the MIT Corporation since 1985.
James A. Levitan, Of Counsel, Skadden, Arps, Slate, Meagher & Flom, New York City. Mr. Levitan received the SB degree in chemical engineering from MIT in 1948, but remains affiliated with the Class of 1945 with which he spent five terms prior to his service in the U.S. Navy during World War II. In 1951 he received the LLB degree from Columbia Law School, where he was a Kent Scholar, a Stone Scholar, and an editor of the Law Review.From 1951 to 1965 Mr. Levitan was an associate at Debevoise, Plimpton. From 1965 to 1995 he was the tax partner and then head of the Tax Department at Skadden, Arps, Slate, Meagher & Flom, where he is now "Of Counsel." He is also an author and lecturer at the New York University Tax Institute. He has been a Corporation Member since 1990. Elected to five-year term memberships were:
Denis A. Bovin, Vice Chairman, Bear, Stearns & Co. Inc, New York City. Mr. Bovin received the SB degree in management from MIT in 1969 and the MBA degree from Harvard Graduate School of Business in 1971, when he joined the investment banking firm of Salomon Brothers. He was elected a Vice President in 1976 and a Managing Director in 1981. Mr. Bovin left Salomon Brothers in 1992 to become Senior Managing Director and Vice Chairman of Bear, Stearns & Co., Inc. He was elected to his first term on the Corporation in 1990.
John K. Castle, Chairman and Chief Executive Officer, Castle Harlan, Inc., New York City. Mr. Castle received the SB in economics from MIT in 1963 and the MBA from Harvard Business School in 1965, where he was a Baker Scholar and a member of the Century Club. He is Chairman and Chief Executive Officer of Castle Harlan, Inc. He formerly served as President, Chief Executive Officer and Director of Donaldson, Lufkin, and Jenrette, Inc. He served an earlier five-year term as a Corporation member from 1987 to 1992. He has been chairman of the New York Medical College's Board of Trustees for 11 years and is a commissioner of the Joint Commission on Accreditation of Health Care Organizations.
Arthur Gelb, President, Four Sigma Corporation, Woburn, Mass. Dr. Gelb received the BEE degree at the City College of New York in 1958, the SM degree in applied physics at Harvard University in 1959 and the ScD degree in instrumentation (systems engineering) at MIT in 1961. Dr. Gelb co-founded The Analytic Sciences Corporation (TASC) in 1966, serving as TASC's President, Chief Executive Officer and Chairman from 1966 to 1991, at which time TASC was acquired by Primark Corporation. He further served as TASC's President and Chief Executive Officer into 1993, Chairman in 1994 and Senior Chairman to 1995. He is currently President of Four Sigma Corporation. He has served Massachusetts in several capacities. Barbara A. Gilchrest, Professor and Chairman of Dermatology, Boston University School of Medicine, Boston. Dr. Gilchrest received the SB degree in mathematics from MIT in 1967. After graduating from Harvard Medical School in 1971, she served an internship, internal medicine residency and dermatology residency in Harvard-affiliated hospitals. In 1976 she returned to MIT for research fellowship training, then joined the Harvard Medical School Department of Dermatology faculty, where she established a tissue culture laboratory focused on studies of cellular aging. In 1983 she transferred her appointment to Tufts University, where she rose to the rank of Professor of Dermatology and Senior Scientist at the USDA Human Nutrition Research Center on Aging. In 1985 Dr. Gilchrest was appointed Professor and Chairman of the Department of Dermatology at the Boston University School of Medicine and Chief of Dermatology at its affiliated teaching hospitals.
John M. Hennessy, Chairman of the Executive Board and Chief Executive Officer, CS First Boston, New York City. John (Jack) Hennessy received the BA degree from Harvard University in 1958. From 1968 to 1970 he studied at the MIT Sloan School of Management as a National Science Fellow in the field of international finance. He began his business career with Citibank in 1958 and worked in corporate banking in New York and Latin America. From 1972 to 1974 Mr. Hennessy served as Assistant Secretary of the Treasury for International Affairs. He joined the First Boston Corporation as a Managing Director in 1974. He has served as Vice Chairman of the Board of First Boston in New York and Chairman and Chief Executive Officer of Credit Suisse First Boston, Ltd., in London. Since 1989 he has been Chairman of the Executive Board and Chief Executive Officer of CS First Boston, the leading international investment bank. He was elected to his first term on the MIT Corporation in 1990.
Hajime Mitarai, President and Representative Director, Canon, Inc., Tokyo. Dr. Mitarai received the SB, SM and EE in electrical engineering from MIT in 1965. He worked at the Corning Glass Works from 1966 until 1972. He received the PhD in electrical engineering from Stanford University in 1973 and started working for Canon, Inc., in 1974. Since 1983, as a Senior Managing and Representative Director, he has worked mainly in the research field, Canon Central Research Center, contributing to Canon's recent diversification efforts. Starting in 1978, he was in charge of company-wide research and development activities as well as the Optical Products Division and the Social and Cultural Planning Division. In 1993, Dr. Mitarai became President and Representative Director of Canon, Inc. (Alumni/ae Association Nominee)
Antonia D. Schuman, Manager, Advanced Systems, TRW Data Technologies Division, Los Angeles. Ms. Schuman received the SB degree in mechanical engineering from MIT in 1958. At MIT, she was President of the Association of Women Students and won a letter in sailing, the first letter ever awarded to a woman. She started her career as a mechanical engineer at the Boston Naval Shipyard, but discovered computers very early and spent ten years designing, building and marketing computer systems. For four years she was president of her own consulting firm, which provided systems support to a variety of clients across the country. For the last 24 years, Ms. Schuman has worked in the defense industry, first at Litton Data Systems Division, managing the TACFIRE project, and since 1977, at TRW, where she has alternated between marketing and program management. (Alumni/ae Association Nominee)
R. Gary Schweikhardt, President, Washington Biotechnology Funding , Inc. (WBF), Seattle. Mr. Schweikhardt received the BS and MS in mechanical engineering from The University of Washington, in 1965 and 1967, and the SM in management from MIT in 1973. He has held a number of positions in industry, among them Director of Planning and Operations for Androcor, Inc., Division and Business Manager for Boeing Computer Services, Inc., Vice President of Mathematical Sciences Northwest, Inc. and Chief Operating Officer for ZymoGenetics, Inc. Mr. Schweikhardt has been an ex officio member of the Corporation this past year as President of the MIT Association of Alumni and Alumnae. (Alumni/ae Association Nominee)
The nominee from recent classes, who will serve a five-year term, is Mark Lundstrom, a member of the class of 1991. Mr. Lundstrom holds the SB in aeronautics and astronautics (1991) and SM degrees from the Sloan School of Management and from the Department of Aeronautics and Astronautics (1993), all from MIT. In addition he holds the MPhil in economics (1995) from Oxford University, where he is a Rhodes Scholar. He is co-founder of Active Control eXperts, Inc. (ACX), president of skiable, Inc., a nonprofit organization enabling the physically challenged in Boston to experience skiing, and president of INSPIRE, a nonprofit organization to integrate high school science classes with American industry. Also serving on the Corporation in 1995-96, as an ex officio member, will be the incoming President of the Association of Alumni and Alumnae, Karen W. Arenson, a correspondent for The New York Times. Ms. Arenson received the SB degree in economics from MIT in 1970 and a Master's Degree in public policy from Harvard in 1972. As an undergraduate, Ms. Arenson served as acting president of the Undergraduate Association and as managing editor of The Tech. From 1973 to 1978 she was a correspondent and staff editor for Business Week. She has been with The New York Times since 1978, serving in a variety of reporting and editorial positions. She is currently covering non-profits and philanthropy. Ms. Arenson previously served on the Corporation from 1989 to 1994.
As of July 1, the Corporation will be comprised of 75 distinguished leaders in education, science, engineering and industry. Of the 75, 22 are currently life members. In addition, 23 individuals are life members emeriti, participating in meetings but without a vote.
The officers of the Corporation are: the Chairman, Dr. Gray (MIT, 1954); the President, Charles M. Vest; the Treasurer, Glenn P. Strehle (MIT, 1958); and the Secretary, Kathryn A. Willmore. In addition, other ex officio members include Massachusetts Governor William F. Weld; Paul J. Liacos, the Chief Justice of the Massachusetts Supreme Judicial Court; and Robert V. Antonucci, Massachusetts Commissioner of Education.