Illinois Institute of Technology Names New Chief Financial Officer

Date

Chicago, IL — April 8, 2005 —

Illinois Institute of Technology has named Susan H. Wallace Vice President and Chief Financial Officer effective May 2, 2005. Wallace previously served for 18 years at DePaul University in a variety of financial positions, including five years as Vice President and Chief Financial Officer. She also has served in financial positions with KPMG and MSL Industries. Most recently she has served as Chief Financial Officer of the Poetry Foundation.

She holds a B.A. from Bradley University, an MBA from DePaul University and is a C.P.A. She has been active with the Union League Club where she has served as an officer and director, as well as with the Central Association of College and University Business Officers where she served as a director. In 2002 she was the Beta Gamma Sigma Business Honoree of the Year.

Founded in 1890, IIT is a Ph.D.-granting technological university awarding degrees in the sciences, mathematics and engineering, as well as architecture, psychology, design, business and law. IIT’s interprofessional, technology-focused curriculum prepares the university’s 6,200 students for leadership roles in an increasingly complex and culturally diverse global workplace.