NSHMBA changes board structure to enhance diversity of skill and thought to

                            the governance level



    DALLAS, July 24 /EMWNews/ -- The National Society of Hispanic MBAs

(NSHMBA) is pleased to announce the addition of Dr. Larry Edward Penley,

president of Colorado State University to the 2008 National Board of

Directors. NSHMBA named Dr. Penley to the board as a result of a change in

the board structure to diversify the background and expertise of the board.

President Penley serves on numerous boards, both economic and higher

education related and his expertise with public research institutions

aligns well with the goals of NSHMBA. Before joining Colorado State

University, Penley served for many years as a professor of management and

dean of the W.P. Carey School of Business at Arizona State University. Dr.

Larry Edward Penley became the 13th president of Colorado State University

and Chancellor of the CSU System on August 1, 2003.



    Dr. Penley's lifelong commitment to higher education took root at Wake

Forest University, where he earned a Bachelor's in Psychology and a

Master's in Communication and his doctorate in management at the University

of Georgia. Following graduate school, he joined the faculty of the

University of Texas at San Antonio. Reflecting his strong commitment to

international education and understanding, he also has taught at the

Instituto Tecnologico y de Estudios Superiores de Monterrey in Mexico and

the Universidad de Carabobo in Venezuela.



    "Dr. Penley is an excellent addition to our board and will serve the

entire NSHMBA organization well. By including different areas of expertise

to our board structure, we continue to lift our organization to higher

levels and to further our impact on our nation," stated Lourdes Hassler,

NSHMBA CEO.



    Under the new NSHMBA Board structure, potential board members will

undergo selection through a nomination process. The NSHMBA Nominations

Committee will review candidates and submit for approval by the national

board and chapter presidents. This new process will provide NSHMBA the

opportunity to enhance the expertise and leadership of the board with

like-minded national leaders from diverse backgrounds.



    When asked about the new board structure, Hassler stated, "NSHMBA

continues to benefit immeasurably from the commitment and expertise of our

board and this enhancement."

    About NSHMBA



    The National Society of Hispanic MBAs (NSHMBA) was created in 1988 as a

501(C)(3) non-profit organization. Widely known as the "Premier Hispanic

Organization," NSHMBA serves 32 chapters and 7,000 members in the U.S. and

Puerto Rico. It exists to foster Hispanic leadership through graduate

management education and professional development. NSHMBA works to prepare

Hispanics for leadership positions throughout the U.S. so that they can

provide the cultural awareness and sensitivity vital in the management of

the nation's diverse workforce.