Ira M. Millstein Elected Chair Of Board Of Albert Einstein College Of Medicine

Sunday, August 1, 2004 - 01:00

Ira M. Millstein, a senior partner in the international law firm of Weil, Gotshal & Manges and a renowned expert in corporate governance, has been elected chairperson of the Board of Overseers of the Albert Einstein College of Medicine of Yeshiva University.

"I am very honored to chair the board of this distinguished institution," Mr. Millstein said. "I hope that I can lead new endeavors that will help the College continue to train future physicians and to make major advancements in finding new and better treatments, cures and means of prevention for cancer, heart disease, Alzheimer's, AIDS and other devastating afflictions."

He succeeds Robert A. Belfer, who chaired the Board from 2000 to 2004.

Mr. Millstein takes office as the Albert Einstein College of Medicine prepares to break ground this fall for its Michael F. Price Center for Genetic and Translational Medicine, which will be housed in the new Harold and Muriel Block Research Pavilion, a 201,000 square-foot biomedical research building. This facility, to be located on Morris Park Avenue at Eastchester Road in the Bronx, will be home to 40 new research laboratories.

Mr. Millstein is currently serving as pro bono counsel to the Board of Directors of the Lower Manhattan Development Corporation, the agency overseeing the redevelopment of lower Manhattan. He joined the Einstein Board of Overseers in 1977 and was elected a vice chairman in 1981. He was named chair of the Board's executive committee in 2000. A benefactor of the College of Medicine, he and his wife, Diane, received the Einstein Humanitarian Award in 1993 for their outstanding public service and their exceptional commitment to the fight against AIDS. His numerous honors also include an honorary degree from Yeshiva University.

He is a Life Trustee and former chairman of the board of the Central Park Conservancy. He also is the Eugene F. Williams Visiting Professor in Competitive Enterprise and Strategy and the honorary chairman of the Board of Advisors of the International Institute for Corporate Governance, both at the Yale University School of Management, where he is a former board member. He serves as chairman of the Private Sector Advisory Group to the Global Corporate Governance Forum founded by the World Bank and the Organization for Economic Cooperation and Development. A member of the Advisory Council of Transparency International, he is governance counsel to the Board of the National Association of Corporate Directors.