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Not for publication

Sept. 15, 2000 -- No. 471

Kenan-Flagler Business School to dedicate state-of-the-art executive education center

3 p.m. Friday, Sept. 22

Paul J. Rizzo Conference Center at Meadowmont

The University of North Carolina at Chapel Hillís Kenan-Flagler Business School will dedicate a new, state-of-the-art conference center for executive education at a ceremony on Sept. 22. (The invitation-only event is not open to the public.)

The Paul J. Rizzo Conference Center at Meadowmont, located on the pastoral, 28-acre Meadowmont property off N.C. 54, will offer an ideal location for business executives to tackle strategic issues. The center is named for school alumnus Paul J. Rizzo, retired vice chairman of IBM, former Kenan-Flagler dean (1987-92) and now chairman of the board and partner in Franklin Street Partners Inc., to recognize his leadership and service to Kenan-Flagler and UNC-Chapel Hill.

Retired IBM Chairman John Opel will give the keynote address. Opel was at the helm of IBM during a period of great expansion and aggressive marketing and presided over some of the broadest changes in the companyís history, including its rapid entry into the personal computer market. The 3 p.m. event also will feature remarks by UNC-CH Chancellor James Moeser and Board of Trustees Chair Anne W. Cates, UNC President Molly Broad, Kenan-Flagler Dean Robert S. Sullivan and Rizzo. A ribbon-cutting and reception will follow the dedication remarks.

The $24 million conference center, built with a combination of private and public funds, is a perfect blend of cutting-edge technology, world-class amenities and historical charm. Kenan-Flagler broke ground for the facility on Oct. 8, 1997. The centerís funding is supported by $17.5 million raised to date in private gifts and $2.8 million from the N.C. General Assembly. The family of Dr. J. McNeely DuBose donated the Meadowmont property to UNC-CH.

The centerpiece of the Rizzo Center is the 15,800-square-foot DuBose House, a 1933 Georgian Revival home listed on the National Register of Historic Places, that has been renovated to a social and dining center. The new 41,500-square-foot McLean Hall residence building features luxury accommodations in 56 guestrooms, six study rooms and two multipurpose seminar rooms. The new 24,500-square-foot Loudermilk Hall is the brain center of the conference facility. Equipped with high-speed Internet access and the latest in instructional technology, it features two 65-seat tiered classrooms and 14 breakout rooms.

Kenan-Flagler has been conducting premier, non-degree programs for practicing business managers since 1953. Its executive education programs have been consistently ranked among the best in the country by publications including Business Week, U.S.News & World Report and the Financial Times.

"The Rizzo Center embodies the historic generosity of our universityís founding families and devoted alumni and the vibrancy of one of the countryís most prestigious public universities. In this secluded setting, executives can come together to discuss the strategic business issues of the 21st century," said Kenan-Flagler Dean Robert S. Sullivan.

Media Parking: There will be a limited number of media spaces available at the center. Media are encouraged to notify Kim Spurr if they plan to attend.

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Kenan-Flagler contact: Kim Spurr, (919) 962-8951, spurrk@unc.edu.

News Services contact: Mike McFarland, (919) 962-2091, mike_mcfarland@unc.edu.