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SFU Segal Graduate School of Business Opens for Business

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Ernie Love, SFU Business, 604.291.4183
Susan Jamieson-McLarnon, Media & PR, 604.291.3210/5151



May 5, 2006
Simon Fraser University's Segal Graduate School of Business rolled out the red carpet for dignitaries and visitors helping to celebrate its official opening, Friday, May 5 at 10:30 am.

SFU Pipe Band members and dignitaries walked in procession from the university's Wosk Centre for Dialogue along Seymour and Pender streets to the new home of SFU business graduate programs at 500 Granville St.

Participants in the opening ceremony, led by university president Michael Stevenson, included Nina Grewal, MP for Fleetwood-Port Kells, Colin Hansen, provincial minister of economic development and Vancouver city councillor, Peter Ladner, as acting deputy mayor. The Hon. Lance Finch, chief justice of British Columbia and Segal unveiled a commemorative plaque. "With the opening of the Segal Graduate School of Business, SFU is achieving a new level of leadership in business education and establishing Vancouver on par with other major North American cities that benefit from downtown business schools," says Stevenson.

SFU chancellor emeritus Joseph Segal, whose gift initiated the new school, also spoke at the opening. Special guests included campaign chair Donald Rix and John Ellis, a retired general manager of the Bank of Montreal, the company which occupied the building until Segal bought it five years ago. "The building has turned out to be a gem," says Segal. "It's a jewel in the crown of SFU."

The heritage building has undergone a $20 million renovation, retaining its classic styling and modernizing it with the latest in educational technologies. The designers were able to retain many of the building's original features and materials, including marble columns, decorative plaster moldings, even the original cast-iron elevator and door frames, as well as stair balustrades. Two of the original vault doors were refurbished and installed as a decorative feature at the entrance to the student commons area.

The dean of SFU Business, Ernie Love, is delighted with the new building and the opportunities it offers for advanced business education and research. "When Joe Segal offered us what is now the Segal Graduate School of Business, as the Vancouver home for SFU Business' graduate programs, we jumped at the chance. This is a very exciting time for business throughout Western Canada."

The BC government matched the Segal family gift of $7.5 million, with an additional $11 million raised from the business community and other friends of the university. Fundraising is on going for endowments and student support.  Says Love: "We are very grateful to all those who helped build the Segal Graduate School of Business."

SFU business students and faculty began classes in the building in September 2005.

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