Ref. No. 14

Dr. Bill Blake, dean of the Faculty of Business Administration at Memorial University, announced today that Vic Young has accepted the Faculty's invitation to spend the fall term as executive-in-residence effective Oct. 1, 2001.

Speaking on behalf of the management group, Dr. Blake expressed pleasure that Mr. Young had agreed to become part of the team at the business faculty: "Mr. Young's extensive experience in government; as chairman and CEO of Newfoundland and Labrador Hydro; and more recently as chairman and CEO of Fishery Products International has given him a wealth of business expertise and knowledge that can be shared with both faculty and students." Mr. Young has had a close relationship with the Faculty of Business Administration and the university since graduating with his bachelor of commerce Degree in 1966. He was founding chair of the faculty's Advisory Board and served in that capacity from 1980 to 1984. He was also recognized by the University as Alumnus of the Year in 1985 and by the Faculty of Business as Alumnus of the Year in 1994. In 1996 Memorial awarded him an honorary doctorate degree. He recently served as vice-chair of Memorial's highly successful Opportunity Fund campaign. Dr. Axel Meisen, Memorial's president, also welcomed Mr. Young's appointment and indicated his pleasure at the turn of events: "Vic Young has a long record of success in business leadership at the local, national and international level," he said. "His directorships on companies such as Royal Bank of Canada, BCE and McCain Foods and his recognition as a corporate leader will provide further opportunities for the business faculty to network with the Canadian as well as the international business community."

The position of executive-in-residence -- a non-paying position -- provides the opportunity for a distinguished business leader to spend time in the academic environment, interacting with both students and faculty and engaging in a two-way exchange which is beneficial to all. It is expected that, during his tenure as Executive-in-Residence, Mr. Young will share his management expertise with students and faculty through both one-on-one interactions and through involvement in classes, lectures and presentations. Mr. Young expressed his delight that he has been asked to take on the opportunities provided by the executive-in-residence position: "I have always had a great admiration for Memorial University, which I consider to be Newfoundland's most important institution," he said. "Its role in providing the knowledge base to our next generation of leadership is vital to the future prosperity of our province. Anything that I can do to contribute to the university experience of today's business students will be extremely satisfying for me. As a graduate from the Faculty of Business Administration, I am really looking forward to having the opportunity to give something back to Memorial."

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Please note a photo of Vic Young is available at http://www.mun.ca/univrel/photos.html.

For further information, please contact Aimee Sheppard, information officer (business), Memorial University, 737-2616.