(Burbank, CA ­ July 3, 2002) Woodbury University today announced the appointment of Kenneth J. Jones as vice president for finance and administration, effective immediately. Jones has more than 15 years' experience leading project teams, implementing and overseeing internal accounting controls and developing and administering multi-million dollar budgets. Jones, who served as Woodbury's controller for the past year, brings in-depth knowledge of fund accounting and higher education operations, student information systems and financial analysis.

"Ken's wealth of experience and reputation for sound fiscal management will be essential to Woodbury's vision for continued growth and success," says Kenneth R. Nielsen, Ed.D., president, Woodbury University.

"He will play an important role in defining our financial strategic direction and ensuring that the university has the resources to meet the needs of our students and the Southern California community that depends upon us."

Jones, who earned a bachelor's degree in accounting and finance from Texas A&M University, was controller for Otis College of Art and Design prior to joining Woodbury.

Founded in 1884, Woodbury University is one of the oldest institutions of higher education in Southern California. An accredited, nonprofit university, Woodbury is located on a 22-acre residential campus in Burbank and offers bachelor's degrees from the School of Architecture and Design, Business and Management, and Arts and Sciences. Woodbury also offers a master of business administration as well as weekend and evening study for working adults. A San Diego campus was established in 1998 to offer bachelor of architecture degrees.