E&I Welcomes New CEO, Presents 2019 Financial Results During Annual Stockholders’ Meeting

Member Awards & Board Election Results Also Announced

April 15, 2020 – E&I Cooperative Services (E&I) held its annual Stockholders’ Meeting via virtual conference on April 6, 2020. Year-end financial results for the Cooperative were presented along with E&I’s member awards and winners of this year’s Board of Directors election. The Cooperative also welcomed new CEO Eric Frank.

The meeting opened with words from retiring E&I CEO Tom Fitzgerald. Barry Swanson, Board President and Chief Procurement Officer at the University of Kentucky recognized Tom’s exemplary leadership and thanked him for his contributions to the education community.

The following financial and performance results were shared:

  • Member purchases exceeded $2.6 billion
  • The Board voted to return $2.3 million to members in the form of patronage refunds
  • Members realized over $200 million in savings by using E&I contracts
  • Membership increased to over 5,200
  • Member satisfaction reached a record high of 93% very or extremely satisfied


Aaron Carter, Assistant Vice President of the Illinois Public Higher Education Cooperative (IPHEC), was awarded the prestigious David H. Lord Cooperative Services Award in recognition of his commitment to E&I and the Cooperative’s membership through volunteerism in cooperative purchasing. Additional member award winners include:

  • Pensacola State College was awarded the E&I Cooperative Contract Volume Award, which recognizes the institution with the highest year-over-year growth in contract purchases.
  • The University of Illinois at Chicago was awarded the E&I Cooperative Contract Utilization Award, which recognizes the highest year-over-year growth in number of contracts used.


Ken Baushke, Director, Supply Chain Management at Western Kentucky University and this year’s Teller of Ballots announced that the following three incumbent Directors were elected:

  • Barry Swanson, Chief Procurement Officer at the University of Kentucky
  • Archibald Asawa, Chief Investment Officer at Soka University
  • Greg Shabram, Chief Procurement Officer at the University of Oregon


To conclude the meeting, Swanson introduced E&I’s newly appointed CEO Eric Frank who shared his appreciation for the Cooperative’s mission and his vision for the future. “Education is undergoing a serious and sustained crisis – perhaps of unprecedented proportions – however, E&I was born in crisis,” he said, referring to the Cooperative’s inception in 1934 during the Great Depression. “I believe the opportunities for our members to reduce costs, preserve quality, and increase access to education are more important now than ever before. E&I will be a key partner in helping our members emerge from these challenging times, stabilize, and ultimately thrive.”

About E&I Cooperative Services

E&I Cooperative Services (E&I) is the only member-owned, non-profit procurement cooperative exclusively focused on serving education. E&I delivers unsurpassed value and an exceptional experience to its members through a broad portfolio of competitively solicited contracts with industry-leading suppliers as well as innovative sourcing solutions. The Cooperative empowers its members to make informed, analytics-driven decisions to capture more spend and optimize their education dollars. For more information, please visit www.eandi.org.


Media Contact

Nicole Katz
Sr. Manager, Marketing Content & Communications
E&I Cooperative Services
631.630.8294 | nkatz@eandi.org


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