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:
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:
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:
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.”
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.