November 08, 2012 at 16:10 PM EST
Dr. Alan G. Merten Elected to DeVry’s Board of Directors

DeVry Inc. (NYSE:DV), a global provider of educational services, announced today at its annual meeting of shareholders that Dr. Alan G. Merten, 70, was elected to serve as a Class III director until 2015. Dr. Merten’s appointment fills the vacancy created by the retirement of Julia A. McGee from the board of directors.

"We are pleased to welcome a director of Alan’s academic and business experience to the board," said Harold T. Shapiro, Ph.D., board chair of DeVry Inc. "He shares the board's strong commitment to academic quality and successful student outcomes. We want to thank Julie for her years of service and her commitment to DeVry and our shareholders.”

Dr. Merten was the president of George Mason University from 1996 until June 2012. Prior to coming to George Mason University, he was the dean of the Johnson Graduate School of Management of Cornell University from 1989 to 1996. He was dean of the College of Business Administration at the University of Florida from 1986 to 1989, where he also served as a professor of information systems. From 1970 to 1986, he was at the University of Michigan, first as an assistant professor of industrial and operations engineering, and ultimately rising to the rank of associate dean in the Michigan Business School. He has served on business and government councils and committees, holding several leadership roles. Dr. Merten was chair of the National Research Council’s Committee on Workforce Needs in Information Technology and a member of the Virginia Governor’s Blue Ribbon Commission on Higher Education. He currently serves as a trustee of First Potomac Real Estate Investment Trust, director emeritus of Cardinal Financial Corporation, and as a member of the Legg Mason Fixed Income Mutual Funds board.

Darren R. Huston, William T. Keevan, and Lyle Logan were also re-elected to serve as Class III directors through 2015. PricewaterhouseCoopers LLP was also ratified as the independent registered public accounting firm for the organization. In addition, the proposal to amend DeVry’s Restated Certificate of Incorporation to declassify the organization’s board of directors by 2015 was approved.

About DeVry Inc.

DeVry's purpose is to empower its students to achieve their educational and career goals. DeVry (NYSE: DV; member S&P MidCap 400 Index) is a global provider of educational services and the parent organization of Advanced Academics, American University of the Caribbean School of Medicine, Becker Professional Education, Carrington College, Carrington College California, Chamberlain College of Nursing, DeVry Brasil, DeVry University, Ross University School of Medicine and Ross University School of Veterinary Medicine. These institutions offer a wide array of programs in business, healthcare, technology, accounting and finance. For more information, please call 630.353.3800 or visit http://www.devryinc.com.

Contacts:

DeVry Inc.
Investor Contact:
Joan Bates, (630) 353-3800
jbates@devry.com
or
Media Contact:
Larry Larsen, (312) 895-4717
llarsen@sardverb.com
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