Dominican University announced the renaming of its School of Business after retired Sears CEO Edward Brennan and his wife Lois L. Brennan at a champagne reception at the school’s River Forest campus Tuesday evening.
Brennan and his wife, a 1955 alum of the university, are long time supporters of the university and the School of Business. In making the announcement, Dominican President Donna M. Carroll praised the Brennan’s loyalty to the business school in general and to its focus on business ethics in particular.
“We are thrilled that they have chosen to reflect (their) commitment by making possible the renaming of our school of business,” said Carroll.
School officials expect the endowment and related financial support to allow them to enhance the offerings of the 30 year old School of Business.
“The Brennan’s generous leadership gift, bolstered by private gifts from individuals and corporate leaders, will allow the School of Business to recruit and retain outstanding faculty and offer fellowships and scholarships that will ensure that Dominican students will graduate with the qualifications to make a real impact on American and international business,” said the business school’s dean, Dr. Molly Burke.
Both Edward and Lois Brennan have strong roots in Oak Park and River Forest. Lois Brennan was born in Oak Park, and attended Trinity High School. She served as a member of the university’s board of trustees for nine years.
Edward Brennan is a Fenwick High graduate who received an honorary degree from Dominican in 1995. Over a 39 year career with Sears, he rose from a retail men’s fashions clerk to become chairman of the board in 1986, a position he held until he retired in 1995.