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The Rector of Tecnológico de Monterrey Business School, awarded the IE Business School Medal

Madrid, 20 June 2006. IE Business School has awarded the IE Medal to Rafael Rangel Sostman, Rector of Tecnológico de Monterrey.

This distinction recognises the devotion, professional career and exemplary management skills of key players from the academic world, as well as their contribution to the training of entrepreneurs and executives in the world of business. The awards ceremony was chaired by Guillermo de la Dehesa, President of the International Advisory Board of IE Business School.

Rafael Rangel, Rector of Tecnológico de Monterrey since 1985, was also Chairman of the Education Commission in the Transition Team of President Vicente Fox. During his time as Rector of Tecnológico de Monterrey, Rafael Rangel has professionalised the faculty, developed new programmes and introduced the use of new teaching methods. In addition, Rangel has internationalised the Mexican school, which is currently involved in collaboration agreements with more than 350 North American, European and Asian universities for the purpose of exchange programmes.

Over the last two decades, Tecnológico de Monterrey has opened research and development centres in the areas of biotechnology, health science, product design, information technologies and telecommunications. Rangel has also founded Escuela de Graduados en Administración y Dirección de Empresas (EGADE) for the training of business leaders, as well as Escuela de Graduados en Administración Pública y Política Pública (EGAP) to promote the professional management of public institutions.

TEC, the name by which Tecnológico de Monterrey is better known, currently has 33 campuses, around 90,000 students and more than 8,000 professors. It also offers training programmes in Latin America through its Virtual University.

Dr Rafael Rangel Sostmann holds a degree in electrical-mechanical engineering from Tecnológico de Monterrey, a Master's Degree in Mechanical Engineering and a Doctorate in Engineering from the University of Wisconsin. He was awarded an Honoris Causa doctorate by the International University of Florida, University of British Columbia and the State University of Arizona. Distinctions he has received include the Distinguished Service Citation from the University of Wisconsin-Madison, the Presidential Medallion of the University of North Carolina, and the Medal for Civic Merit of the state of Nuevo León (Mexico).