Adelphi University Elects New Board Officers

Online, August 18, 2011 (Newswire.com) - Adelphi University has elected Robert B. Willumstad '05 (Hon.), co-founder and partner at Brysam Global Partners, as the new chairman of the Board of Trustees, succeeding Thomas F. Motamed '71, for the 2011-2012 term. Helene R. Sullivan '79, formerly the chief financial officer at Save the Children, was named vice-chair. Frank Angello '77, senior vice president and chief financial officer at Lighthouse International, became secretary of the Board.

Mr. Willumstad has been an Adelphi Trustee since 2005 and previously served as vice-chair of the Adelphi Board. In 2007, he helped co-found Brysam Global Partners-a unique private equity firm that invests in financial services, particularly in emerging markets-and is now a partner at the firm. He is the former chairman of AIG and, before that, was president and chief operating officer at Citigroup in 2005. Prior to his work with Citigroup, Mr. Willumstad spent 20 years with Chemical Bank in various roles, including president of Chemical Technologies Corporation, and served in the Marine Corps Reserve for five years. He was previously on the board for Habitat for Humanity International. Mr. Willumstad is the recipient of the 2002 Frederick Douglass Award from the New York City Urban League for his advocacy of corporate diversity programs. He received an Honorary Doctor of Laws from Adelphi in 2005 for his corporate leadership and dedication to improving the community.

Ms. Sullivan, an Adelphi Trustee since 2008 and former secretary of the Adelphi Board, has been heavily involved with Save the Children, an organization dedicated to improving the lives of children worldwide through sustainable community-based strategies, for more than two decades. She is currently a trustee of both Save the Children and Save the Children International. Ms. Sullivan received a B.B.A. from Adelphi in 1979.

Mr. Angello, elected to the Board in 2007, brings 26 years of experience in senior-level roles at JPMorgan Chase, most recently as the chief financial officer of the Treasury and Securities Services Division. Currently, he is the senior vice president and chief financial officer at Lighthouse International, an organization which seeks to treat and prevent vision loss and to empower those living with it. Mr. Angello received his M.B.A. in finance from Pace University and a B.B.A. in 1977 from Adelphi. He and his wife, Phyllis, have two adult sons, one of whom graduated from Adelphi in 2011.