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Prudential CEO Arthur Ryan to Lead Business Roundtable's Education & the Workforce Task Force
The Business Roundtable reiterates its strong support of NCLB.
Washington, DC – Business Roundtable announced today the naming of Arthur F. Ryan, Chairman and CEO of Prudential Financial, Inc., as the new Chairman of its Education & the Workforce Task Force. Ryan succeeds Joseph M. Tucci, President and CEO of EMC Corporation, whose term leading the Task Force ended in August.
Ryan will advance the efforts of Business Roundtable, an association of 160 chief executive officers of leading U.S. companies, to ensure that American students have the skills and knowledge necessary to excel in the worldwide economy.
“For years, Art Ryan has led Prudential’s dedicated involvement in education, and he will bring that same commitment to his new leadership role at the Roundtable,” said Hank McKinnell, Chairman of Business Roundtable and Chairman and CEO of Pfizer Inc. “He will be instrumental in building on the excellent work done by Joe Tucci to stress the importance of strengthening educational standards and improving math and science education in the U.S. – now and for the future.”
“The Roundtable is well-positioned to contribute to education and workforce policies that will help ensure that America’s workers have the skills needed not only to drive U.S. economic growth, but to be leaders in the worldwide economy,” said Ryan.
In July, the Task Force, with the support of 14 other business organizations including the National Association of Manufacturers, the U.S. Chamber of Commerce and TechNet, released a report calling for the U.S. to double its number of science, technology, engineering and mathematics college graduates by 2015. The report, “Tapping America’s Potential: The Education for Innovation Initiative,” highlighted the declining number of U.S. graduates in science and math, and warned that the U.S. is losing its innovative edge when compared with other developed countries around the world.
The Task Force has also strongly supported the No Child Left Behind Act, this past February convening its third annual forum to examine the law’s progress with key lawmakers, members of the Administration and educators. In July, the National Assessment of Educational Progress (NAEP) long-term trend assessment scores – a key measure of student progress – showed gains in reading and math achievement among nine- and thirteen-year-olds, improvement seen widely as strong evidence of the positive effects of No Child Left Behind and standards-based education reform efforts in the states.
“Students in the United States acknowledge that they would work harder in school if more were expected from them. By setting high standards and redesigning schools to help students meet them, we can improve education performance in this country while ensuring that we stay at the forefront of innovation and economic growth on a global scale,” added Ryan.
Ryan became Chairman and CEO of Prudential in 1994. From 1990 to 1994 he served as President and CEO of Chase Manhattan Bank. Ryan is on the boards of trustees of New York Presbyterian Hospital, Providence College, and Achieve, Inc., an organization created by U.S. governors and business leaders to drive high academic standards for public schools in the U.S. He also serves as co-chair of New Jersey United for Higher School Standards and the New Jersey Performing Arts Center. Ryan’s involvement in the National Education Summit of 1996 led to Prudential’s founding of the Business Coalition for Educational Excellence – a partnership of businesses in New Jersey focused on the state’s education standards.
Prudential Financial, Inc. is a diversified financial services company that offers a variety of products and services, including life insurance, mutual funds, annuities, pension and retirement related services and administration, asset management, and banking and trust services, to individual and institutional customers worldwide.
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Business Roundtable (www.businessroundtable.org) is an association of chief executive officers of leading corporations with a combined workforce of more than 10 million employees and $4 trillion in annual revenues. The chief executives are committed to advocating public policies that foster vigorous economic growth and a dynamic global economy.
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