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For Release — Wednesday, September 3, 2003

LEWIS GOLUB, INFLUENTIAL BUSINESS LEADER AND AN ARCHITECT OF ONE OF THE NATION'S LARGEST PRIVATE FIRMS, TO RECEIVE CORNING AWARD

ALBANY— Lewis Golub, chairman of the Golub Corporation and Price Chopper Supermarkets and a business leader who helped build a small, family grocery business into one of the most admired private companies in New York and one of the largest in the nation, will receive the prestigious Corning Award for Excellence for 2003.

The award, which is sponsored by Corning Incorporated, will be presented Wednesday, Sept. 17, at The Business Council's Annual Meeting at The Sagamore in Bolton Landing. The Council's Annual Meeting will run from Sept. 17-19.

The Business Council gives the award each year to a New Yorker who has shown outstanding accomplishment and a deep commitment to the people of New York. The first Corning Award was presented in 1979. Recipients have included corporate executives, statesmen in government, and leaders in the arts, education, and law.

Golub has long been one of the most respected business leaders in New York State, admired for his success in building a family grocery chain, his commitment to the company's communities, and his advocacy for a better business climate in New York.

Under his direction, the Golub Corporation, parent of Price Chopper Supermarkets, evolved from a small chain of neighborhood grocery stores to a $2 billion company. The corporation today operates 104 stores in six states. With more than 20,000 employees, the Golub Corporation is the largest private employer in New York's Capital Region, and it ranks 82nd on the list of the nation's largest private companies published by Forbes magazine. It also enjoys a reputation as a feisty competitor to larger, national supermarket chains.

"The Golub Corporation is a classic American success story, and Lewis Golub is a prototype of the stalwart, civic-minded business leader driving that success," said Kirk Gregg, executive vice president and chief administrative officer at Corning Incorporated and a member of The Business Council's Board of Directors. Gregg will present the award to Golub.

"Lewis and his family's company today symbolize not only dedication to business success, but also commitment to community, to philanthropy, to education, to the arts, to charity, and to a more prosperous New York for all New Yorkers," he added. "New York is a better state because of Lewis Golub's commitment to making it better."

"Lewis Golub not only built a family business founded by immigrants into a supermarket empire, he also built a well-deserved reputation as a leading statesman in New York's business community," said Business Council President Daniel B. Walsh. "Lewis has been an important force in making The Business Council a better organization and New York State a better place to do business."

A lifelong resident of the Schenectady area, Golub was educated at Siena College and Michigan State University. He joined the family business as a young man and first learned about the grocery business in less-than-glamorous jobs: driving a truck, doing maintenance, managing construction.

He moved up through the ranks, and became executive vice president and chief operating officer in 1972, when the company had 29 stores and about 1,200 employees. He developed a reputation for skill at understanding and managing finance and at managing real-estate issues, and for a strong business intuition. In 1982, Lewis Golub became chairman and chief executive officer and his cousin, Neil Golub, became president and chief operating officer.

Today the Golub Corporation is known for its staunch commitment to employees (who, thanks to the company's proactive stock plan, own some 47 percent of the company) and to its communities. The company has long donated 10 percent of profits to a variety of causes, including the arts and museums, medical interests, education, and other philanthropies.

As he built the company, Golub became a respected business leader. He is a long-time member of the Board of Directors of The Business Council. He served as The Council's chairman in 1999. He also served on the transition team appointed by George E. Pataki to advise him on taking the Governor's office in 1995.

He has served on a number of other boards for corporations and not-for profit organizations, the performing arts, business, and higher education. He has also served as a guest lecturer at many different colleges and universities. He has received countless awards for both his business achievements and his volunteer and philanthropic activities.

The Corning Award is a magnificent piece of original Steuben Glass, handcrafted by masters in Corning, New York. Previous Corning Award recipients are: Carl T. Hayden (2002); Roland W. Schmitt (2001); Richard P. Mills (2000); Erland E. Kailbourne (1999); Robert B. Wegman (1998); Judith S. Kaye (1997); John J. Phelan, Jr. (1996); Barber B. Conable, Jr., (1995); James W. Kinnear (1994); Muriel Siebert (1993); Hugh L. Carey (1992); David Harden (1991); Raymond T. Schuler (1990); Warren M. Anderson and Stanley Fink (1989); Edmund T. Pratt, Jr. (1988); James D. Robinson III (1987); Franklin A. Thomas (1986); Kitty Carlisle Hart (1985); Frank T. Cary (1984); Clifton Garvin (1983); David Rockefeller (1982); Richard R. Shinn (1981); Melvin C. Holm (1980); and Walter A. Fallon (1979).

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