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| FOR IMMEDIATE RELEASE |
April 2, 2007
FOR MORE INFORMATION:
Rachel DiCarlo, 202-974-6456
Allan R. Tessler Elected Chairman of
Hudson Institute Board of Trustees
– The Hudson Institute Board of Trustees elected Allan R. Tessler Chairman at its March 20 meeting in New York. Tessler, a Jackson Hole, Wyoming-based lawyer and investment banker with extensive business, philanthropic, and policy contacts in the U.S. and around the world, is Chairman of Epoch Holdings Corporation, an investment management firm. A member of the Board of Directors of The Limited Brands and TD Ameritrade, Tessler formerly served as Co-CEO and Chairman of Data Broadcasting Corporation and as Chairman of Enhance Financial Services Group. Mr. Tessler was also Chairman and a principal shareholder of Great Dane Holdings. In addition, he has been Chairman of the Board and CEO of International Financial Group since 1987. A Trustee Emeritus of Cornell University, Tessler has held numerous leadership posts in the philanthropic sector, including Chairman of the Grand Teton Music Festival and as a Governor of the Boys and Girls Clubs of America.
Institute President Herbert London praised Tessler’s appointment, noting, "Under the leadership of Mr. Tessler we are convinced Hudson's distinguished reputation will be enhanced and our path to a productive future ensured."
Tessler succeeds Walter P. Stern, who stepped down from the chairmanship after more than two decades of service as Chairman and more than three decades as a Member of the Board of Trustees. Stern has been elected Chairman Emeritus and will continue to contribute his considerable leadership skills to Hudson Institute. “I am honored to be taking the helm of Hudson Institute, which, under Wally Stern’s fine leadership, has become one of America’s most respected policy research organizations.”
Hudson Institute is a non-partisan policy research organization dedicated to innovative research and analysis that promotes global security, prosperity, and freedom.