CEO Roundtable Launched by WPI Venture Forum

Contact: WPI Media Relations, 508-831-5616

Worcester, Mass. - October 7, 2002 - Chief executive officers can often be the most isolated in an organization. The WPI Venture Forum, an organization devoted to developing technology-based entrepreneurship, has launched its CEO Roundtable to provide CEOs and top-level decision makers an opportunity to gather with peers and experienced facilitators in confidential working sessions.

"CEOs often have no one within their organization from whom they can get unvarnished, unbiased and confidential advice. The WPI Venture Forum recognized that and created this roundtable program to bring together industry leaders who are responsible for bottom line decisions in technology companies," said McRae C. Banks, Director of the Collaborative for Entrepreneurship & Innovation and Head, Department of Management. "Selected CEOs accepted into the program will be formed into units of eight to twelve non-competing industry members with an experienced facilitator. The Roundtable group will then meet monthly for ten months. Each session lasts for approximately four hours and will be hosted by a Roundtable member."

"Sessions will provide an opportunity for members of the Roundtable to consult and advise each other in a non-selling, non-competitive and confidential setting," said Thomas Wharton, a CEO Roundtable facilitator. "We expect participants to gain an informal board of directors and advisors," he continued. "They'll gain multiple perspectives on business issues and problems through peer discussion and exchange management ideas and problems on a confidential basis."

Applications and registration information is available online at www.wpiventureforum.org or by calling 508-831-5075. Cost of membership in the Roundtable is $1600. An annual membership fee of $35 in the WPI Venture Forum and a one-time application fee is required.

The CEO Roundtable is expected to begin by late October 2002.

About WPI

WPI is a pioneer in technological higher education, and is recognized as one of the leading outcomes-oriented undergraduate programs preparing people for success in our technological world. Since its founding in 1865, WPI has broadened and perfected an influential curriculum that balances theory and practice.

This innovative and unique combination of educational methods, learning environment and a worldwide network of project centers is accredited by the New England Association of Schools and Colleges (NEASC). Its main campus is located in Worcester, Massachusetts, with branch campuses in Waltham and Westborough, Massachusetts and a virtual campus on the World Wide Web. WPI supports the academic and research pursuits of over 2,800 undergraduate students, 1,200 graduate students and 220 faculty pursuing opportunities to blend technological research and practice with societal needs, delivering meaningful real-world benefits.

For over a century, WPI has awarded advanced degrees in the sciences and engineering disciplines, as well as the management of technology and business. Our alumni include Robert Goddard, the father of modern rocketry; Harold Black, inventor of the principle of negative-feedback; Carl Clark, inventor of the first practical airbag safety system; Dean Kamen, inventor of the first wearable drug infusion pump; and many others who contribute to the transformation of our technological world.