Friday, June 16, 2000

NOTE TO MEDIA: Please join us for the presentation and reception immediately following, 5 p.m., Monday, Nov. 20, Cameron Hall 133. Mr. Cameron and Mr. Hurlbert will be in attendance.

WILMINGTON, NC - Monday, Nov. 20, will be a red-letter day for UNC Wilmington's Cameron School of Business. At 5 p.m., in Cameron Hall Room 133, the CP&L Foundation will honor Mr. Daniel D. Cameron and Mr. Gordon C. Hurlbert, both former members of the CP&L Board of Directors, with a gift to the university totaling $900,000.

At the request of Mr. Cameron and Mr. Hurlbert, the CP&L gift will endow two professorships in the Cameron School of Business as well as establish a development fund for the school. The Gordon C. Hurlbert Endowment will support a professorship in information systems. The Betty H. Cameron Professorship, named for Mr. Cameron's wife, will support hiring a distinguished faculty in entrepreneur studies.



The Pat Moran Hurlbert Development Fund, named for Mr. Hurlbert's wife, will use $233,333 of this gift to endow a faculty development fund for use by the dean of the Cameron School of Business.

Principal funding for these gifts comes through a visionary Directors Education Contribution Plan of the Carolina Power & Light Company (CP&L). Additional funding for the endowed professorships will come from the UNC Board of Governors and the North Carolina State matching program for endowed professorships. For every $333,333 in private giving, the university is eligible for $167,667 in funds appropriated by the General Assembly to bring an endowed professorship to the $500,000 level. With the match, the total endowment will be $1.233 million.



Mr. Gordon Hurlbert, in addition to serving as a CP&L Director, has held executive management positions with Westinghouse Electric Corporation and Copperweld Steel and serves or has served on the Boards of CSC Industries, Weirton Steel, Urenco Ltd., Kerr Group, and MidAmerican Energy Company. Commenting on this gift in 1996, Mr. Hurlbert said, "While I have been associated with many fine business schools during my career, I am impressed with the accomplishments of the Cameron School and its strong focus on the growth industries in coastal Carolina."



Mrs. Cameron, for whom a professorship is named, served on UNCW's Board of Trustees for seven years and also served on the Board of Trustees of Agnes Scott College in Atlanta for 10 years. She was the first alumna and the first woman graduate to serve as chair of Agnes Scott College's Board of Trustees.

Mr. Dan Cameron, in addition to his CP&L directorship, was president of Atlantic Telecasting Corporation (former owner of WECT, Channel 6), chair of Atlantic Bottling Company, mayor of Wilmington, and was a founder of Wilmington Industrial Development, Inc., formerly known as the Committee of 100. Mr. Cameron said when the gift was first announced in 1996, "Our family has been a longtime investor in the Cameron School, and we continue to be impressed with its growth and development as a unique resource for the region. Our gift at this time is a further vote of confidence in its future growth."

For additional information, please contact Cameron School of Business Dean Larry Clark at 910/962-3501 or Senior Associate Vice Chancellor for Advancement M. Tyrone Rowell at 910/962-3170.