Nationwide Mutual Insurance Company Makes Significant Investment in Business Education at UNI

CEDAR FALLS, Iowa, March 19 -- The University of Northern Iowa issued the following news release:

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."

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