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CONTACT: GEORGE McCRORY
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Release: May 3, 1999

Krause, Kerr are named to business college’s Board of Visitors

IOWA CITY, Iowa — The Henry B. Tippie College of Business at the University of Iowa has announced the addition of W.A. "Bill" Krause and William T. Kerr to its Board of Visitors.

The Board of Visitors is a group of high-level professionals who provide advice to the College about its programs and professional activities. It meets once each semester at the Pappajohn Business Building at the UI.

Krause is president and chief executive officer of the Krause Gentle Corp. of West Des Moines. The corporation owns more than 150 Kum & Go convenience stores in addition to 19 other affiliate companies, including Blimpies Midwest, Solar Transport, Teamwork Financial and Wizard Acceptance.

Krause, a 1957 UI journalism and mass communications graduate, is a native of Hampton. He has been a strong supporter of Hawkeye athletics as well as many charities, including Junior Achievement of Iowa. He also began the Krause Challenge program, a real-money portfolio management competition that benefits undergraduate finance majors at the UI, Iowa State, the University of Northern Iowa and Drake University.

All three of Krause’s children graduated from the UI, including Kyle Krause, chief operating officer of Krause Gentle, who received a finance degree from the college in 1985.

William T. Kerr is president and chief executive officer of the Meredith Corporation. He joined Meredith in 1991 as president of its magazine group and executive vice president of the company. Before Kerr’s move to Meredith, he was vice president of the New York Times Company and its magazine group. He also previously worked with McKinsey and Company and Dillon, Read and Company.

Kerr is a native of Seattle and a University of Washington graduate. He received a master’s degree in modern history as a Rhodes Scholar at Oxford University and an MBA from Harvard University.