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September 10, 1999
Indy business leader donates $1 million
for Krannert expansion
WEST LAFAYETTE, Ind. -- Purdue graduate and pharmaceutical industry leader William
E. Bindley of Indianapolis has pledged $1 million over four years to assist with
the university's Krannert School of Management expansion project.
"Purdue has given me a lot, and I'm trying to give back," said Bindley, chairman,
president and chief executive officer of Bindley Western Industries Inc., an $8 billion
Fortune 500 health-care company with headquarters in Indianapolis. "Taking the Krannert program to new levels requires resources, and most of these resources will have
to come from private, not state, funding."
The "Krannert at the Frontier" campaign, the largest privately funded project in Purdue's
history, seeks to raise $55 million. Plans call for spending $30 million to build a new classroom and distance learning facility near
the existing Krannert Building at the corner of State and Grant streets. The rest
of the campaign funds will finance endowed professorships and scholarships, and a
computer technology upgrade.
Bindley founded Bindley Western in 1968 as a wholesale distributor of pharmaceuticals,
concentrating on a customer base of major retail drugstore chains. The company now
distributes health-care products and services to customers in all 50 states and Europe.
Krannert Dean Richard A. Cosier said Bindley exemplifies the characteristics that
distinguish Krannert graduates: "He has a true grasp of the power of technology,
the entrepreneurial spirit that encourages him to seek new markets and new ways of
operating, and the work ethic to make things happen. Bill is a great leader and an outstanding
citizen of Indiana."
Bindley graduated from Purdue in 1962 with a bachelor's degree in industrial economics.
In 1997, he received both an honorary Doctor of Management degree and Krannert's
Distinguished Alumnus Award. Bindley is a member of the President's Advisory Council
at Purdue and of the advisory boards of both the School of Pharmacy and the Krannert
Graduate School of Management.
Sources: William E. Bindley; (317) 704-4000
Richard A. Cosier, (765) 494-4366; rcosier@mgmt.purdu.edu
Writer: Jeanine Smith, (765) 496-3133; jeanine_smith@purdue.edu
Purdue News Service: (765) 494-2096; purduenews@purdue.edu
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