TIAA-CREF Honors Charles Reed and Eduardo Padrón with 2012 Theodore M. Hesburgh Award for Leadership Excellence


Winners demonstrate importance of leadership and vision in higher education;
Awards bestowed at American Council on Education’s Annual Meeting
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New York, March 12, 2012

The TIAA-CREF Institute today announced Dr. Charles B. Reed, chancellor of the California State University system, and Dr. Eduardo J. Padrón, president of Miami Dade College, are the 2012 winners of the TIAA-CREF Hesburgh Award for Leadership Excellence. TIAA-CREF will bestow this honor today at the American Council on Education’s (ACE) 2012 Annual Meeting in Los Angeles.

The TIAA-CREF Hesburgh Award is one of the most prestigious honors in academic stewardship and is named in honor of the Rev. Theodore M. Hesburgh, C.S.C., president emeritus of the University of Notre Dame, nationally renowned educator and world humanitarian. Drs. Reed and Padrón were chosen by an independent panel of judges based on their excellence in higher education leadership.

“Dr. Reed’s and Dr. Padrón’s remarkable, collaborative leadership styles reinforce the need to build bridges both within an institution and throughout the surrounding community,” said Stephanie Bell-Rose, managing director and head of the TIAA-CREF Institute. “Their abilities to bring innovative vision to their roles, positively impacting higher education across the nation, make them model Hesburgh Award winners.”

Dr. Reed’s commitment to his students guides his work as chancellor of California State University, where he has successfully steered the system’s 23 campuses through state budget cuts while simultaneously meeting the complex demands of increasing enrollment. In addition, Dr. Reed's efforts to build collaborative partnerships and award-winning outreach programs – particularly those dedicated to students from underserved backgrounds – have received national acclaim. He also supports a number of multi-campus initiatives to improve research and instruction, and benefit local businesses and communities.

“This award is especially meaningful as it reflects the important role higher education plays in providing students with opportunities for a better life,” said Chancellor Reed. “Father Hesburgh's ideals of the transforming power of education remain particularly relevant for students, and it is an extraordinary honor to be the recipient of an award in recognition of his vision.”

At Miami Dade College, Dr. Padrón is helping transform the role of community colleges across the country, raising their academic stature while preserving their mission to teach underserved populations. His innovative thinking provides students with the support necessary to overcome the most challenging odds and attend college, which has helped transform Miami Dade College into a catalyst for the local community and economy. His strong commitment to student success has become a national model for learning.

“Throughout my career, thanks to my wonderful colleagues who tirelessly labor every single day at Miami Dade College and our amazing students, I have managed to win numerous awards. However, this is a career highlight and one of the most special distinctions I have ever received,” said Dr. Padrón. “I want to thank the TIAA-CREF Institute and commend my fellow winner, Charles Reed.”

Gene Flood, executive vice president and president of Diversified Financial Services at TIAA-CREF, will attend the ACE Annual Meeting to present the award to Drs. Reed and Padrón.

“We are at an inflection point for American higher education,” said Molly Corbett Broad, president of the American Council on Education. “There are many challenges that confront us, and ACE is deeply proud to join the TIAA-CREF Institute in honoring those leaders who are helping to chart our course forward.”

ACE (www.acenet.edu) is the major coordinating body for all the nation's higher education institutions, representing more than 1,600 college and university presidents, and more than 200 related associations, nationwide. It provides leadership on key higher education issues and influences public policy through advocacy.

About TIAA-CREF
TIAA-CREF (www.tiaa-cref.org) is a national financial services organization with $464 billion in assets under management (as of 12/31/11) and is the leading provider of retirement services in the academic, research, medical and cultural fields.

About TIAA-CREF Institute
The TIAA-CREF Institute is a thought leader and model for knowledge-building and public engagement on lifetime financial security, retirement planning, and organizational success in higher education and the charitable and public sectors.

For more information about the TIAA-CREF Institute, please visit www.tiaa-crefinstitute.org.

Media Contact
John McCool, TIAA-CREF
jmccool@tiaa-cref.org
212 916-6223

News Release Addendum

TIAA-CREF Hesburgh Award 2012 Winner Biographies:

Dr. Charles B. Reed has served as chancellor of California State University (CSU) since 1998. He provides leadership to 43,000 faculty and staff and more than 412,000 students on 23 campuses. The CSU system, which spans the entire state of California, graduates more than 98,000 students per year, and is the country's largest senior system of public higher education. Dr. Reed has written and spoken widely on education, finance management, governance and the politics of education. He earned his Ed.D in teacher education from The George Washington University. From 1979 to 1985, Dr. Reed served as Chief of Staff to Florida Governor Bob Graham, and also served as chancellor of the State University System of Florida for 13 years. Chancellor Reed is the recipient of numerous national awards including the 2008 Harold W. McGraw Prize in Education. Among his many educational memberships, Chancellor Reed serves on the board of directors of ACT, and was a member of the National Center on Education and the Economy's Commission on the Skills of the American Workforce. In addition, he is an international consultant, conference leader and keynote speaker on education and related subjects.

An American by choice, Eduardo Padrón arrived in the United States as a refugee at the age of 15. Since 1995, he has served as President of Miami Dade College (MDC), the largest institution of higher education in America with more than 174,000 students. He is credited with elevating MDC into a position of national prominence among the best and most recognized U.S. colleges and universities. An economist by training, Dr. Padrón earned his Ph.D. from the University of Florida. In 2009, TIME magazine included him on the list of “The 10 Best College Presidents.” In 2010, Florida Trend magazine named him “Floridian of the Year.” In 2011, The Washington Post named him one of the eight most influential college presidents in the U.S. Also in 2011, he was awarded the prestigious Carnegie Corporation Centennial Academic Leadership Award. This year, he received the Citizen Service Award from Voices for National Service and the Aspen Institute Ascend Fellowship. President Padrón’s energetic leadership extends to many of the nation’s leading organizations. He is chair of the board of directors of the American Council on Education (ACE) and is a past chair of the board of the Association of American Colleges and Universities (AAC&U). He also serves on the American Academy of Arts & Sciences’ Commission on the Humanities & Social Sciences.

TIAA-CREF Hesburgh Award Background:

The TIAA-CREF Hesburgh award, which includes a $20,000 prize, recognizes a current college or university president/chancellor who:

  • Is a visionary, demonstrating innovative thinking about strategic challenges and opportunities, sustaining the institution’s core values and mission, and adopting strategies to ensure future institutional vitality.
  • Has had or is having, through his/her personal involvement, a positive impact on higher education and/or on society in general through his/her institutional leadership role.
  • Demonstrates collaborative partnerships within the campus or externally that enhance institutional ability to achieve excellence both within the institution and for the greater good.
  • Positions the institution to thrive in an uncertain future, anticipating trends and developing strategies to manage change.

TIAA-CREF Institute is a division of Teachers Insurance and Annuity Association (TIAA), New York, NY.

TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products.

© 2012 Teachers Insurance and Annuity Association-College Retirement Equities Fund, New York, NY 10017

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© 2013 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017