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Seven New Members Join Northwestern Board of Trustees

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January 8, 2008

EVANSTON, Ill. --- Seven new members have joined the Northwestern University Board of Trustees. They are:

• Bonnie S. Daniels, director at Management Systems International

• Michael W. Ferro, founder, chairman and chief executive officer of Merrick Ventures LLC

• Cheryle R. Jackson, president and chief executive officer of the Chicago Urban League

• Michael J. Sacks, chief executive officer of Grosvenor Capital Management L.P.

• Muneer A. Satter, a partner at Goldman Sachs

• David B. Speer, chairman and chief executive officer of Illinois Tool Works Inc.

• Timothy P. Sullivan, managing director at Madison Dearborn Partners Inc.

Daniels, Jackson, Sacks, Satter and Speer earned degrees at Northwestern University.

DANIELS is a specialist in entrepreneurship development, project/program design and management and institution building/organization development.

She is currently the Officer-in-Charge of the USAID-sponsored Afghan Governance and Legal Reform Project as well as a major subcontract under the USAID-funded Afghanistan Rule of Law Project. She was Chief of Party of the USAID-sponsored Youth Reintegration Training and Education for Peace Program in Sierra Leone, Officer-in-Charge of the USAID Private Enterprise Support, Training and Organizational Development Project, a four year USAID private sector development initiative in Uganda, and Officer-in-Charge of the Inter-American Development Bank-funded National Human Resource Management Information System Project in Trinidad and Tobago. Daniels holds a bachelor's degree from Northwestern University and a master's degree in organization development from American University.

FERRO is the past chairman, CEO and founder of Click Commerce, Inc., the leading provider of on-demand supply chain management solutions. Under Ferro's leadership, Click Commerce posted 14 consecutive quarters of growth and profitability and acquired and integrated nine companies. During this time, the company's stock value increased 900 percent.

Ferro has won numerous awards including the 2006 Ernst & Young Entrepreneur of the Year Award in the technology category. He was also named a 2006 Henry Crown Fellow by the Aspen Institute. Mr. Ferro has received the CEO National Young Entrepreneur of the Year Award and the Humanitarian of the Year Award from the Holocaust Memorial Foundation. He has received the KPMG Illinois High-Tech Award and was listed as one of the "Top 40 Under 40" by Crain's Chicago Business.

Ferro is a Director on the Board of Trustees of The Chicago Museum of Science and Industry, The Field Museum of Chicago, The Joffrey Ballet of Chicago and the Lyric Opera of Chicago. He serves on the boards of Children's Memorial Hospital, Northwestern Memorial Foundation, Big Shoulders Foundation and After School Matters. He is a graduate of the University of Illinois.

JACKSON is the first female president and CEO of the Urban League in its 90-year history. The league focuses on the city's African American workforce and business community to empower and inspire individuals to reach and exceed their economic potential.

Jackson previously served in the administration of Illinois Gov. Rod R. Blagojevich, most recently as deputy chief of staff of communications and before that as communications director and chief press secretary, making her both the first woman and African American to hold the position in the state's history.

Jackson spent three years in senior-level government affairs position with Amtrak as vice president for communications and government affairs. She was responsible for Amtrak's state and local government affairs and served as spokesperson in 41 states, often during times of crises, including the 9/11 terrorist attacks.

She served in various capacities at National Public Radio, including vice president of communications and brand management, director of corporate communications and director of corporate identity and information.

Jackson serves as a director on the boards of the Metropolitan Planning Council, the Field Museum, the Chicago Manufacturing Renaissance Council and the Chicagoland Chamber of Commerce. She also serves on the 2016 Chicago Olympics Committee and the Daniel Burnham Anniversary Planning Committee. Jackson graduated from Northwestern University in 1998

SACKS, specializing in the management of multi-manager investment portfolios, joined Grosvenor, a leader in the alternative investment industry, in 1990 and was named the firm's Managing Partner in 1994. He led the growth, development and institutionalization of the firm from its position as an early participant in a cottage industry to its current position as a leader in the global alternative investment arena. Prior to joining Grosvenor, Sacks spent two years at Harris Associates, L.P.

Sacks is a member of the Economic Club of Chicago and the Chicago Council on Global Affairs, serves as a board member for After School Matters, Nextbook and the Daniel Murphy Scholarship Fund, serves on the Chicago Advisory Committee for Facing History and Ourselves, and is a member of the National Development Committee for the United States Holocaust Memorial Museum.

He Sacks received a bachelor's degree in economics from Tulane University in 1984, a general course certificate from the London School of Economics for work completed in the 1982-83 academic year, a master's in business administration from the Kellogg School of Management in 1998 and a J.D. from Northwestern University School of Law in 1988. He is a member of the Illinois Bar.

SATTER is a partner at Goldman Sachs in the Principal Investment Area (PIA), which manages the firm's private equity investments. Since 1990, the PIA has raised over $56 billion for private corporate investments. The PIA is one of the largest private equity investors in the world, investing over $10 billion per year in the U.S. Europe and Asia.

Satter joined Goldman Sachs in 1988, moved to London in 1992 to start up and co-head the firm's merchant banking group in Europe, and became a Partner of the firm in 1996. He is the Global Head of the Mezzanine Group, which manages over $14 billion of assets and he is senior member of the Investment Committee of the PIA.

He is Co-Chairman of the Board of Diveo Broadband Networks, Inc., and serves o the Boards of CCC Information Services Group, Inc., and Grupo Clarin, S.A. He is Co-Chairman of the Board of Room to Read (which is building 1,500 schools and libraries per year in underdeveloped countries) and is on the Executive Committee of the Board of the Nature Conservancy where he chairs the Finance Committee overseeing a $2 billion endowment. Satter received a bachelor's degree from Northwestern University and a JD/MBA from Harvard Law School and Harvard Business School.

SPEER is Chairman and Chief Executive Officer of Illinois Tool Works, Inc., a Fortune 200 diversified manufacturer of highly engineered components and industrial systems and consumables with revenues of over $14 billion. The company is headquartered in Glenview, Ill. and consists of approximately 750 decentralized operations in 49 countries and employs some 55,000 people globally.

Speer joined ITW in 1978 and has held various selling, marketing and general management responsibilities within the Construction Products organization. In 1984, he became General Manager of ITW's Buildex business and assumed additional responsibilities for the Ramset/Red Head business in 1987 and for the Canadian Construction Products businesses from 1988. In 1992, he became General Manager of the Paslode North American businesses.

In September 1993, he became Group Vice President of the Construction Products organization, with global responsibilities for the Buildex and Paslode businesses. In September 1995, he became Executive Vice President with responsibilities for the global construction Construction Products businesses. In 1997, he added the additional responsibilities of ITW's Finishing Systems businesses globally. In 2003, Speer transferred responsibilities for the Finishing Systems businesses to another TW Executive Vice President while assuming responsibility for the global Wilsonart businesses.

In August 2004, he was named President of ITW. In August 2005, Speer was elected to the position of Chief Executive Officer and in May 2006 he assumed the additional responsibilities as Chairman.

Speer is a member of the Board of Directors of Rockwell Automation and Advisory Board of Northwestern University's Masters of Manufacturing and Management Program. He is on the Boards of the Chicago Council on Global Affairs, the Executives' Club of Chicago, Rush Medical Center, the Museum of Science and Industry, the Economic Club of Chicago and Junior Achievement of Chicago. He is also a member of The Commercial Club and The Business Council. Speer graduated from Iowa State University in 1973, earning a B.S. degree in Industrial Engineering. In 1977, he received a Masters Degree in Business Administration (MBA) from The Kellogg School of Management.

SULLIVAN, prior to co-founding Madison Dearborn Partners, Inc., was with First Chicago Venture Capital for three years after having served in the U.S. Navy. Sullivan concentrates on investments in the health care industry and, in addition to serving on the Advisory Board of Sirona Dental Systems GmbH, currently serves on the Board of Directors of National Mentor Holdings, Inc. and Valitas Health Services, Inc. Sullivan is also a member of the Northwestern University WAVE Board of Advisors and is on the Board of Trustees of Cristo Rey Jesuit High School and Northlight Theatre.

Sullivan received a bachelor's from the United States Naval Academy, a master's degree from the University of Southern California and an MBA from the Stanford University Graduate School of Business.