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The Horatio Alger Association Announces New Leadership
David L. Sokol to Become President; Joseph Neubauer to Become Chairman

Washington, DC – – (April 7, 2008) – The Horatio Alger Association of Distinguished Americans announced today its new executive committee with David L. Sokol as the new President and CEO, and Joseph Neubauer ascending to Chairman for the 2008-2010 term.

The new Horatio Alger Executive Committee includes: Delores M. Kesler and Paul Anthony Novelly, each serving as a Vice President; George L. Argyros, serving as Chairman Emeritus and Treasurer; Dennis R. Washington as Immediate Past Chairman and Walter Scott, Jr., serving as a Chairman Emeritus. The official leadership transition occurred on Friday, April 4, 2008.

"As we transition the leadership of this organization, we will remain focused on executing our two-fold mission of recognizing remarkable Americans who have surmounted significant adversities, and awarding college scholarships who have also overcome much adversity," said Dennis R. Washington, the current Horatio Alger Chairman. "I want to thank Joseph Neubauer for his leadership as President over the past two years. We appreciate his commitment to the executive committee and to the Association as a whole."

Mr. Neubauer commented: "I look forward to what the future holds for this Association as it continues to be a leader in keeping the American Dream alive. I am proud to have served in such a distinguished capacity and I have great faith in David’s capabilities and vision."

Neubauer has served as President and CEO of the Association and Sokol has served as Executive Vice President for the past two years.

Mr. Sokol, 51, is Chairman and CEO of MidAmerican Energy Holdings Company, a subsidiary of Berkshire Hathaway. He has served in this capacity since joining the company in 1991. Sokol earned his Bachelor of Science degree in civil engineering from the University of Nebraska at Omaha in 1978 and holds an honorary doctorate degree from Bellevue University, also in Nebraska. A native of Omaha, Sokol has been active in the community throughout his career. Sokol has been a Member of the Horatio Alger Association since 2004.

Mr. Neubauer, 67, is Chairman and CEO of ARAMARK. He has served as CEO since 1983 and chairman since 1984, after joining the company in 1979. Neubauer earned his Bachelor of Science degree in chemical engineering from Tufts University. He earned his Master of Business Administration degree at the University of Chicago. Neubauer has been a Horatio Alger Member since 1994.

About The Horatio Alger Association

Founded in 1947, the Horatio Alger Association of Distinguished Americans continues to fulfill its mission of honoring the achievements of outstanding individuals in our society who have succeeded in spite of adversity and of encouraging young people to pursue their dreams through higher education. The Horatio Alger Association offers three annual scholarship programs: the National Scholarship Program and state scholarship programs for high school seniors and the Horatio Alger Military Veterans Scholarship Program for U.S. veterans of the Afghanistan and Iraq conflicts. The Association awards more than $12 million annually in college scholarships and has given over $52 million to deserving students in recent years. For more information about the scholarships, please visit www.horatioalger.org.

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