Portland, Oregon

February 15, 2008, 8:00 A.M. PST

Harvard Business School to Honor Portland Luminaries During Centennial Celebration

Portland, Ore. – February 15 2008 – The Harvard Business School Association of Oregon

(HBSAO) announced today it will honor two Portland luminaries as part of the Harvard

Business School’s (HBS) international centennial celebration. On February 20th, 2008, at

5:30 p.m. at The Governor Hotel in downtown Portland, HBSAO will recognize Harvard

MBAs John D. Gray and Edward H. Cooley for their social and business contributions to

the state of Oregon. This is one of more than 50 alumni events being held as part of

HBS’s Global Outreach Program occurring in 30 countries to mark the business school’s

100th anniversary.

John D. Gray has a lifetime of contributions in the state of Oregon to civic and charitable

organizations. He has served on the boards of Reed College and the Oregon Community

Foundation supporting local humanitarian, educational and cultural programs. Gray cofounded

Omark Industries, now known as Oregon Cutting Systems, a division of Blount

International (NYSE: BLT) and a major employer in Oregon for several decades.

Gray was also chairman of Grayco Resources, a developer of landmark resorts in Oregon

and Washington including Salishan Spa and Golf Resort, Sunriver Resort and Skamania

Lodge. His real estate developments in John’s Landing were pioneering and transformed

the entire area, creating the development opportunity in Portland’s South Waterfront and

along Macadam Avenue.

“None of the development you now see along the South Waterfront in Portland would

exist today if not for John Gray’s vision and commitment more than 40 years ago,” said

Verne Naito, vice president of Naito Corporation and fellow Harvard MBA.

Edward Cooley, now deceased, was the founder of Precision Castparts Corporation

(NYSE: PCP), the second largest market capitalization company in Oregon, which

currently employs more than 16,000 people in 22 states and 15 countries. Today the

company is a powerhouse in the aerospace industry and was recently featured in Forbes

Magazine.

“Ed enriched millions of lives during his career,” said Dick Keller, HBSAO award

committee chair and Harvard MBA. “You can’t fly on an airliner without the benefit of

his company’s expertise and precision. That’s how ubiquitous Ed’s company is today.”

“John and Edward are well-deserved individuals who have made legendary business and

social contributions to Oregon that should not go unnoticed by local residents,” said

Kelvin Ng, president of HBSAO.

The Global Outreach Program includes HBS faculty, who will present their research and

celebrate the centennial with HBS alumni. Professor Romana Autrey, a member of the

first-year MBA faculty, will speak on the Oregon wine industry and give an update on

MBA. education in the United States and at HBS. Additionally, a feature video

presentation on HBS and its future plans will be shown at the dinner on February 20,

2008, at 5:30 p.m. at the Governor Hotel in downtown Portland.

Founded in 1908 as part of Harvard University, Harvard Business School is located on a

40-acre campus in Boston. Its faculty of more than 200 offers full-time programs leading

to MBA and doctoral degrees, as well as more than 70 Executive Education programs.

For almost a century, HBS faculty have drawn on their research, their experience in

working with organizations worldwide, and their passion for teaching to educate leaders

who have shaped the practice of business around the globe.

Media Contact:

Verne Naito

503-708-3789

Jeni Cantley

MacKenzie Marketing Group

503-225-0725

jenic@mackenzie-marketing.com