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April 2001

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Date:
Thu, 12 Apr 2001 19:20:42 -0400
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April 12, 2001

FOR RELEASE: Immediately                        CONTACT: Enrique Corredera

UVM APPOINTS EDWIN COLODNY AS INTERIM PRESIDENT

The University of Vermont Board of Trustees tonight appointed Edwin I.
Colodny as acting and interim president. He will become acting president
by June 4, and assume the post of interim president July 1.

 "Mr. Colodny's ability and experience will make him an extraordinary
leader for UVM at a time when extraordinary leadership is needed," said
Bruce Lisman, chair of the UVM Board of Trustees. "He brings to the job a
unique combination of business acumen, appreciation of higher education,
effective communication skills, commitment to academic excellence and
passion for Vermont and for UVM. I look forward to working with Ed to
bring UVM to the place of national prominence and prestige it deserves."

Colodny, an accomplished business executive with strong ties to academia,
is a native of Burlington who has maintained strong ties with UVM through
membership in the School of Business Board of Advisors. He has established
scholarship programs for undergraduates at UVM (through a $200,000
bequest), Rochester, Eastman School of Music, Middlebury College,
Wellesley College and Kings College.

Colodny defined his first priorities for UVM as ensuring academic quality,
achieving financial stability and enhancing the university's reputation.
"I understand and appreciate the priceless value of UVM, and the very real
challenges this university faces. But there are great opportunities before
us as well," he said.

"Ed Colodny is knowledgeable and passionate about higher education," said
Thomas Jackson, president of the University of Rochester. "His experience
as a member of the university's Board of Trustees, which he chaired from
1985 to 1988, and his continual contact with us since that time, gives me
confidence that he will serve with distinction as interim president of the
University of Vermont."

Colodny joined US Airways as assistant to the president in 1957 and,
during an era when the airline grew from a small regional player to a
major national career with $6.5 billion in revenues, rose through the
ranks to become president and chief executive officer from 1975 to 1991.
Attached is a more extensive biography of his professional and academic
experience.

                                 -30-



Edwin I. Colodny, a 1944 graduate of Burlington High School, completed his
undergraduate studies at University of Rochester in 1948 and graduated
from Harvard Law School in 1951. He served with the Office of the Judge
Advocate General as first lieutenant in the U.S. Army, and subsequently
was a trial attorney with the Civil Aeronautics Board. Colodny joined US
Airways in 1957 as assistant to the president and, during an era when the
company grew from a small regional player to a major national carrier with
$6.5 billion in revenues, rose through the ranks to become president and
chief executive officer from 1975 to 1991. He also held positions of
president and chief executive officer of US Airways Group from 1978 to
1991 and chairman of the board from 1978 to 1992.

In 1997, following his legacy at US Airways, he became chairman of the
board of Comsat Corp., a leading provider of global satellite and digital
networking services. Comsat merged into Lockheed Martin Corp. in 2000. He
currently is of counsel with the law firm of Paul, Hastings, Janofsky &
Walker in Washington, D.C.

His involvement in higher education includes membership on the University
of Rochester Board of Trustees, which he chaired from1985 to 1988. He also
chaired that school's $350 million capital campaign.

Colodny's ties to Vermont, in addition to family visits, have involved
nine years of service on the Board of Trustees of the Shelburne Museum. In
1995, he was the commencement speaker for UVM's School of Business.

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