ITHACA,
N.Y. -- Jules Kroll, Cornell University alumnus, executive chairman of
the board of Kroll Inc. and acknowledged founder of the modern corporate
investigative and security industry, will be honored Oct. 23 and 24 on
the Cornell campus as Cornell Entrepreneur of the Year 2003.
The
award is given annually to a Cornellian who best exemplifies
entrepreneurial achievement, community service and high ethical
standards.
Kroll received a B.A. degree in government from
Cornell in 1963 and an LL.B. degree from Georgetown University Law
Center in 1966. He founded his company in 1972 to provide consulting
services to corporate purchasing departments. During the 1980s and
1990s, as mergers and acquisitions increased, Kroll Inc. gained
prominence by helping clients size up suitors and targets. High-profile
cases also helped the company's reputation spread, as it tracked down
assets hidden by Jean-Claude "Baby Doc" Duvalier, Ferdinand and Imelda
Marcos, and Saddam Hussein.
Beginning in 1998, Kroll Inc. made a
series of strategic acquisitions of companies specializing in forensic
accounting, background screening, drug testing, security engineering,
corporate restructuring and data recovery. Those additions expanded
Kroll's capabilities and led the company to its current structure of
five business groups.
Today, Kroll is acknowledged as the
world's leading independent risk consulting company, providing services
to clients worldwide and employing more than 2,200 people, many from
international auditing firms, multinational corporations, the military,
law enforcement and intelligence agencies. Kroll reported revenue of
$289.2 million in 2002. Its clients include corporations, law firms,
nonprofit organizations, academic institutions, governments and
individuals.
The Cornell Entrepreneur of the Year award was
established in 1984 by Cornell's S.C. Johnson Graduate School of
Management, and it is now managed by the university's Entrepreneurship
and Personal Enterprise Program (EPE). Founded in 1992 as a combined
initiative of the Johnson School and the College of Agriculture and Life
Sciences, EPE supports instruction, internships, student groups and an
alumni network. The deans of the nine participating Cornell schools and
colleges govern the program. A committee of Cornell alumni, faculty and
students reviews the nominations for the award and selects the
recipient.
The past three Cornell Entrepreneur of the Year award
winners have been: Rob Ryan '69, founder of Ascend Communications and
Entrepreneur America; Jeffrey Parker '65, M.Eng '66, MBA '70, founder of
First Call and co-founder and chairman/CEO of the Corporate
Communications Broadcast Network (CCBN); and Jeff Hawkins '79, inventor
of the PalmPilot and co-founder of Handspring Inc.
This year's
entrepreneur of the year celebration will begin with an
award-presentation dinner and reception Oct. 23, hosted by Cornell
President Jeffrey Lehman. The celebration will include a public address
by Kroll on Oct. 24 at 4 p.m. in the Statler Auditorium on campus.
For
further information about the entrepreneur of the year celebration or
EPE, contact John Jaquette, EPE executive director, at (607) 255-9675,
or see this Web site:
http://epe.cornell.edu .
Related World Wide Web sites:
The following site provide additional information on this news release.
It is not be part of the Cornell University community, and Cornell has
no control over its content or availability.
o Kroll, Inc:
http://www.krollworldwide.com
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