James J. Mergiotti Named Seventh President and CEO of Peirce College

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James J. Mergiotti Named Seventh President and CEO of Peirce College

For Immediate Release

Philadelphia, February 27, 2009 - After a comprehensive national search, the Peirce College Board of Trustees has unanimously elected James J. Mergiotti as the College's seventh President and CEO. He will take office on July 1, 2009. He succeeds Dr. Arthur J. Lendo, who retires on June 30, after 18 years as the College's chief executive.

"The Search Committee, chaired by Peirce Trustee Katy K. Theroux, led the national search with the assistance of Dr. Kim Morrisson and Mr. Andrew Wheeler of Diversified Search Ray & Berndtson. This resulted in a very diverse pool of highly qualified candidates to determine Dr. Lendo's successor", said Gregory J. West, board chair. "The Board of Trustees is delighted with the selection of Jim Mergiotti, who knows Peirce so well and is a proven leader with extensive higher education and business experience, to lead the College into the next era."

Mr. Mergiotti is currently Peirce's Executive Vice President & Chief Operating Officer. He joined the College as Vice President, Administration in July, 1998 and was promoted to his current position in January, 2000. He also served as a college trustee from May, 1988 to June, 1998. Prior to becoming a Peirce administrator, Mr. Mergiotti spent three years with an international public accounting firm and twenty years with a major financial institution where he held various senior management positions.

Mr. Mergiotti holds an MBA in Finance, BS in Accounting, and is a certified public accountant in the Commonwealth of Pennsylvania. A lifelong Philadelphia area resident, he currently lives in Langhorne, PA with his wife, Deborah and daughter, Diana.

"Peirce is one of the Philadelphia region's hidden treasures. The College provides extraordinary opportunities for its students and graduates," said Mergiotti. "It's a very special privilege to serve one of the area's finest higher education institutions."

Peirce College was founded in 1865 as Union College and is one of the oldest business colleges in the United States. It was established to provide returning Civil War veterans with the business acumen and skills to reap the economic benefits of the burgeoning industrial revolution. In the same spirit, Peirce welcomes today's women and men to its practical programs so that they may effectively compete in the 21st century global economy.

Peirce College offers bachelor's and associate degree programs in Business, Healthcare, Information Technology and Paralegal Studies. Peirce College is accredited by the Middle States Commission on Higher Education, 3624 Market Street, Philadelphia, Pennsylvania, 19104 (phone: 267-284-5000). For more information about Peirce College, call 1.888.467.3472 or visit www.peirce.edu.

Contact: Jonathan Morein
215-565-5377 (cell)