NEWS RELEASE

10/17/02

CONTACT: Andrea M. Hamilton, News Service: (650) 724-5708, andrea.hamilton@stanford.edu

Relevant Web URLs:
http://www.stanford.edu/home/stanford/facts/board.html

Trustees elect Robert Bass, John Morgridge to board

Robert M. Bass, founder and president of Keystone Inc., and John P. Morgridge, chairman of Cisco Systems, were elected to Stanford University's Board of Trustees Oct. 15, Chairman Isaac Stein announced following the first regular meeting of the Fall Quarter.

Both new trustees have many years of involvement with the Stanford community dating back to their respective student days at the business school. Morgridge (MBA '57), a part-time lecturer at the Graduate School of Business, has served on the Business School Advisory Council since 1992 and is a current member of the John Gardner Center Advisory Board.

Bass (MBA '74), currently chair and a founding member of the Stanford Management Company Board of Directors, previously served on the university's Board of Trustees from 1989-2000, including as chair from 1996-2000.

"Robert Bass has for many years made a tremendous contribution to Stanford and particularly our Board of Trustees. As chairman of the board he led the presidential succession process that welcomed John Hennessy into that office," Stein said. "We warmly welcome Bob back to the board."

Bass's service to the university started almost immediately after graduate school. He was a trustee of the GSB Trust from 1975-83, and has served on the Stanford in Washington Council since 1989. Bass was a co-chair of the National Centennial Celebration in 1990 and is a past member of the Stanford Humanities and Sciences Council. More recently, Bass was a member of the Hoover Institution Board of Overseers from 1996 to 2000, served as chairman for the GSB 75th Anniversary, and has been a member of the GSB Advisory Board since 1986. Together with his wife, Anne, Bass currently serves as co-chair of the Campaign for Undergraduate Education at Stanford.

Bass is also a trustee of Rockefeller University, Groton School, Middlesex School and the Amon Carter Museum. He is chairman emeritus of the National Trust for Historic Preservation. He received his B.A. from Yale University in 1971.

Morgridge joined Cisco Systems in 1988 as president, director and CEO, and became chairman in 1995. From 1986-88, he served as president and COO of Grid Systems, and from 1980-86 he was vice president of Sales and Marketing for Stratus Computer Corporation. Morgridge also spent 20 years at Honeywell Corporation in sales, marketing and planning. Prior to joining the business world, he served in the U.S. Air Force from 1957-60.

"John Morgridge has been a longtime friend of Stanford, and as CEO of Cisco also has been a critical part of the development of Silicon Valley. His management skills will be extremely useful to the university in these complex times," Stein said.

Morgridge is a director of the American Leadership Forum for Silicon Valley (ALF), Business Executives for National Security (BENS), CARE, Interplast Inc., The Nature Conservancy and the National Technology Advisory Board for Milwaukee Public Schools. He is also currently the chair of the Cisco Systems Foundation and is a trustee of the Wisconsin Alumni Research Foundation. His memberships include the University of Wisconsin Foundation, Wisconsin Alumni Association, the Committee to Encourage Corporate Philanthropy and the Council on Competitiveness. In 1999, Morgridge was named Philanthropist of the Year by the Center for Excellence in Nonprofits and was awarded Hidden Villa's 1999 Duveneck Humanitarian Award.

In 1996 Morgridge received the Ernest C. Arbuckle Award, the GSB's highest honor. Since 1998 he has been team teaching a course in entrepreneurship at the business school.

In June 2002, Morgridge was awarded an Honorary Doctor of Laws degree from Carleton University in Ottawa. He also earned an A.B. in Business in 1955 and an Honorary Doctor of Science degree in 1994 from the University of Wisconsin at Madison. He has been awarded Honorary Doctor of Humane Letters degrees from Lesley College in Cambridge, Massachusetts, and Northern Illinois University.

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