Duke - The Fuqua School of Business

News Release

Bear Stearns’ Alan Schwartz Named Board of Visitors Chairman at Duke’s Fuqua School of Business

October 24, 2001

DURHAM, N.C. - Bear, Stearns & Co. Inc. president and co-chief operating officer Alan D. Schwartz has been named chairman of the board of visitors at Duke University's Fuqua School of Business for a three-year term.

Schwartz has served on Fuqua's board of visitors since 1986. He succeeds Richard Wagoner, president and chief executive officer of General Motors Corporation, who was recently named to Duke's board of trustees.

"Duke's Fuqua School of Business will benefit tremendously from Alan's leadership and professional acumen," said Fuqua Dean Douglas T. Breeden. "I am deeply grateful that he has agreed to serve as our new board chairman and look forward to working with him to strengthen Fuqua's position as a leader in education and research worldwide."


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Duke Provost Peter Lange cited Schwartz' extensive service to Duke. "Alan has been contributing to the rise of Fuqua for many years, and there could not be a better successor for Rick Wagoner than Alan," Lange said.

Schwartz graduated from Duke in 1972. He joined Bear Stearns in 1976 as an institutional sales manager in the firm's Dallas office and was named director of research, general partner and portfolio strategist in April 1979. In 1985, he assumed the responsibility of running the firm's investment banking department, became a member of the board of directors in 1987 and was named an executive vice president in 1989. In June 2001, he was appointed president and co-chief operating officer of the firm, and he now also serves as the firm's senior investment banker.

"It is a privilege to be named chairman of Fuqua's board of visitors," Schwartz said. "Our job is to see that the school's mission, as established by J.B. Fuqua, of providing high-quality education and promoting the practice of management is carried out. I am excited at the prospect of doing just that."

Active in numerous professional and civic organizations, Schwartz serves on the boards of directors of Champps Entertainment, Inc., American Foundation for AIDS Research, St. Vincent's Services, NYU Medical Center, New York Blood Center and The National Mentoring Partnership.

The board of visitors is Fuqua's chief advisory group composed of top executives from companies worldwide. Members serve three-year terms and meet at Fuqua twice each year.

The Fuqua School of Business (www.fuqua.duke.edu), founded in 1969, offers its MBA degree in four formats. The Duke MBA-Daytime is the school's flagship program; the other non-residential executive MBA options include The Duke MBA-Cross Continent, The Duke MBA-Global Executive and The Duke MBA-Weekend Executive. Fuqua also offers non-degree executive education.