Pace University Announces $2 Million Gift from CBS Chief Operating Officer Joseph Ianniello

PLEASANTVILLE, N.Y., April 27, 2015 /PRNewswire-USNewswire/ -- Pace University announced today that Joseph Ianniello, the CBS Corporation's Chief Operating Officer and a member of the Pace University Board of Trustees, has made a $2 million commitment for the construction of a new athletics field house at the university's campus in Pleasantville. When completed later this year, the Ianniello Field House will be the flagship of Pace University Athletics. Ianniello's contribution is a part of the university's Campaign for Pleasantville, an effort to transform and revitalize the 200-acre campus that also includes new residential facilities, an expanded student center and a new environmental center.

"Through our 'Campaign for Pleasantville,' we are enhancing the student experience at Pace and this gift will have a tremendous impact on the daily lives of our student-athletes and the entire Pace community," said Pace University President Stephen J. Friedman. "A former football player, a Lubin School graduate and the newest member of the university's Board of Trustees, Joe's very generous gift sets a terrific example for others who have leveraged their Pace education into fulfilling careers and are now in a position to give back to their alma mater. On behalf of Pace University, we thank Joe for this and all the ways he supports the Pace community."

"Pace University provides high-quality education with a strong focus on the kind of experiential learning that is invaluable in today's business world and I am honored to be able to give back to my alma mater in this way," said CBS Chief Operating Officer Joseph Ianniello.

The Ianniello Field House will be one of the most heavily-trafficked buildings on campus, with 25,000 expected visitors per year. Spectators and visitors will travel through the field house to enter the outdoor athletic complex, and all of Pace athletes and coaches will use this facility for practice, conditioning, and gatherings. The 14,010 sq. ft. facility will include new strength and conditioning facilities and a sports medicine component.

Joseph Ianniello earned a Bachelor's of Business Administration at Pace and was a member of the university's football team and the Alpha Chi Epsilon fraternity on campus. He frequently mentors Pace students; he recently returned to Pace's Lubin School of Business to share career and industry advice with Pace students.

As Chief Operating Officer for CBS Corporation, Ianniello works closely with Chief Executive Officer Leslie Moonves to establish and execute strategy across all of the Corporation's businesses, including CBS Television Network, The CW (a joint venture between CBS Corporation and Warner Bros. Entertainment), CBS Television Studios, CBS Global Distribution Group (CBS Studios International and CBS Television Distribution), CBS Consumer Products, CBS Home Entertainment, CBS Interactive, CBS Films, Showtime Networks, CBS Sports Network, Pop (a joint venture between CBS Corporation and Lionsgate), Smithsonian Networks, Simon & Schuster, CBS Television Stations, CBS Radio and CBS EcoMedia.

Ianniello oversees the monetization of the Company's content across platforms, including retransmission consent fees and reverse compensation from affiliates, as well as the licensing of CBS content for digital streaming and broadband services. He also manages all financial operations of CBS Corporation, which is comprised of corporate development (including mergers and acquisitions), treasury, risk management, worldwide tax and information technology and other areas.

Ianniello was also instrumental in the process of separating CBS from Viacom at the end of 2005. Since then, he has been a key part of the management team that has led CBS to be the #1 media stock among its peers for three of the last five years. He recently guided the Company through the conversion of CBS Outdoor into a real-estate investment trust, marking a first for an outdoor advertising business and ultimately leading to the split-off of CBS Outdoor from CBS in 2014.

Before he was named Chief Operating Officer, Ianniello served as CBS's Chief Financial Officer (2009-2013) and Deputy Chief Financial Officer (2008-2009), where he was responsible for the Company's financial strategy across all of its operations. Ianniello also served as Senior Vice President, Chief Development Officer and Treasurer (2006-2008).

Prior to CBS's separation from Viacom Inc., Ianniello held a variety of financial positions with the Company, including Senior Vice President and Treasurer (2005) and Vice President of Corporate Development (2000-2005), among others. Before joining CBS, Ianniello spent seven years with KPMG in various capacities.

In 2013 and 2014, Ianniello was ranked the #1 chief financial officer by sell-side analysts in Institutional Investor's annual All-America Executive Team survey. Ianniello serves on the Board of Directors of New Alternatives for Children, Inc., as well as Food Allergy Research & Education (FARE).

About Pace University: Since 1906, Pace University has educated thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,000 students in bachelor's, master's, and doctoral programs in its Dyson College of Arts and Sciences, Lubin School of Business, College of Health Professions, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. Visit www.pace.edu.

SOURCE Pace University

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