By ASSOCIATED PRESS
Houghton, MI – A business executive who graduated from Michigan Technological University is giving $10 million to his alma mater. Dave House's gift will be the largest the Houghton university has ever received. It was announced Thursday during the University's Board of Control meeting.
House earned a degree in electrical engineering from Tech. He is the retired president of Nortel Networks, the former CEO of Bay Networks, and a longtime Intel executive. He presently is chairman of Brocade Communication System of San Jose, California. House is also volunteer chairman of the University's National Fundraising Campaign, which is designed to help Michigan Tech attract and retain top graduate and research faculty.
The House Family Foundation has already endowed two professorships and bankrolled the purchase of the Michigan Tech Research Institute in 2006.