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March 6, 2001

JUAN ELEK NOMINATED TO SMU BOARD OF TRUSTEES

DALLAS (SMU) -- The Southern Methodist University Board of Trustees has nominated Juan Elek of Mexico to serve as an International Trustee for the membership term ending in 2004.

Juan and Ingrid Elek live in Mexico City and are members of SMU's International Office Advisory Council. Elek is the founder and co-chairman of Elek, Moreno Valley Asociados, an investment banking firm in Mexico City that advises major Mexican and multinational companies.

Prior to starting the company in 1984, he had been associated with Banamex Financial Group since 1978, most recently as adjoining managing director. He previously served as CEO-Mexico and CEO-Canada of Citibank/Citicorp and also worked for the company in the United States. In addition, he has been associated with General Foods and Banco de Comercio/Bancomer, both in Mexico. Elek is a director of Centex Corporation, QB Industries in Mexico, Korn/Ferry International and Farmacias Benavides.

"This appointment is another expression of SMU's commitment to bring global perspectives not only to our classrooms but also to our governing board," said SMU President R. Gerald Turner. "Juan Elek is a distinguished business leader who will enrich the deliberations of our Board of Trustees. As a parent, he will be able to advise us in our recruitment of international students."

Juan Elek received a B.A. degree from Central Methodist College in Fayette, Missouri, and studied at Harvard Business School in Cambridge, Massachusetts. The Elek's son, Pablo, is currently a senior at SMU pursuing a B.B.A. degree in finance.


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