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Nationwide Mutual Insurance Company makes significant investment in business education at UNI

March 19, 2012
Contact: 

Liz Giannetti, Nationwide Insurance, 614-249-7705

Farzad Moussavi, dean, UNI College of Business Administration, 319-273-6240

Bill Calhoun, president, UNI Foundation, 319-273-2487

Rebecca Schultze, communications and public relations manager, UNI College of Business Administration, 319-273-3309, rebecca.schultze@uni.edu

CEDAR FALLS, Iowa – Nationwide Mutual Insurance Company has invested in undergraduate education by establishing a professorship at UNIBusiness, the University of Northern Iowa College of Business Administration.

The Nationwide Mutual Insurance Company Professorship will help the college attract and retain the best faculty in a competitive market. Proceeds from the $300,000 endowment, a gift payable to the UNI Foundation as part of the $150 million Imagine the Impact Campaign for the University of Northern Iowa, will support professional development activities for students, curriculum innovation and enhancement, acquisition of instructional resources, scholarly and practical research, and seminars and workshops led by executives and business professionals.

"This gift sends a clear message: Nationwide is committed to developing well-prepared business professionals and supports the special brand of education that we deliver at UNIBusiness," said Dean Farzad Moussavi. "The distinguished faculty member who holds the Nationwide Professorship will be a worthy ambassador for Nationwide and deliver this message to the college, the larger academic community and the general public."

The Nationwide Mutual Insurance Company Professor will be selected by the UNIBusiness dean, in consultation with Nationwide, for a three-year term. The professorship may rotate among the five undergraduate business departments: accounting, economics, finance, management and marketing.

"On behalf of UNIBusiness," Moussavi said, "I am grateful to Kim Austen, president and CEO of Allied Insurance, for the gift and Nationwide's continued support. I would also like to acknowledge the critical role that three of our alumni played in making this possible: Wendell Crosser (accounting '81), vice president of finance for Allied Insurance; Paul VanDenBosch (marketing '87), regional vice president for Allied Insurance; and Bob O'Hollearn (political science '72), regional vice president for Allied Insurance."

 

About Nationwide                                                
Nationwide, based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by A.M. Best. The company provides a full range of personalized insurance and financial services, including auto insurance, motorcycle, boat, homeowners, life insurance, farm, commercial insurance, administrative services, annuities, mortgages, mutual funds, pensions and long-term savings plans. For more information, visit www.nationwide.com.

 

About UNIBusiness

The University of Northern Iowa College of Business Administration (UNIBusiness) holds the highest possible accreditation for business schools worldwide (AACSB International) and has been listed among the Princeton Review's Best Business Schools in the world six years in a row. The  College has built its reputation on its commitment to intellectual and professional development of undergraduate students.  For more information, visit business.uni.edu.