6/20/13 ASHLAND, Ohio - Ashland University has received a $175,000 gift from The Emerson Electric Foundation to continue its “Emerson Scholars” program that provides scholarships for students in AU’s Dauch College of Business and Economics.
“This is a renewal grant designated for the continuation of the ‘Emerson Scholars’ program, which was established in 2007 with an initial grant of $175,000,” said Paul McKnight, retired senior vice president for organizational planning at the Emerson.
“Successful companies must have the right talent in the right place at the right time if they expect to win in the global marketplace,” McKnight said. “Because advancing people is a top priority at Emerson, we will continue our commitment to the Emerson Scholars Program in the Dauch College of Business and Economics at Ashland University.”
Dr. Jeff Russell, dean of the Dauch College, said the college feels very privileged to have the Emerson Scholars Program continued for another five years.
“The program benefits our seniors in many different ways,” Russell said. “In addition to providing the extra financial assistance for their senior year, it also helps the students network with some of the senior managers from the company and learn about possible career opportunities with the company."
Each year, 10 Emerson Scholars receive a $3,500 scholarship for their senior year. This award is above and beyond the student’s financial aid package. The students are recognized at an Emerson Scholars Luncheon each year and are given opportunities to network with Emerson executives.
The awards are presented on a competitive basis to students with various business majors. Applicants must have a cumulative grade point average of 3.0 or higher; have demonstrated outstanding leadership in the Dauch College, on campus and in the community; and show the potential to be a high contributor in their chosen careers. A scholarship committee chaired by the dean meets each spring to review applications and select the Emerson Scholars.
The Emerson Electric Company is a diversified global technology company that provides products and services for a wide variety of industries, commercial markets and end users, including consumers.
Ashland University, ranked in the top 200 colleges and universities in U.S. News and World Report’s National Universities category for 2013, is a mid-sized, private university conveniently located a short distance from Akron, Cleveland and Columbus, Ohio. Ashland University (www.ashland.edu) values the individual student and offers a unique educational experience that combines the challenge of strong, applied academic programs with a faculty and staff who build nurturing relationships with their students. ###