Elizabeth S. May, an educator who was the first woman appointed to the board of the Export-Import Bank of the United States, has died at her home in Harvard, Massachusetts, at the age of 103.
May, the daughter of German immigrants, was born in St. Louis. She was a 1928 graduate of Smith College and went on to earn a Ph.D. at the London School of Economics. She taught at Goucher College in Baltimore for eight years before working for the Treasury Department and the Bureau of the Budget. In 1949 she joined the faculty at Wheaton College in Norton, Massachusetts, and served there for 15 years before President Johnson appointment her to the Export-Import Bank. She twice served as acting president of Wheaton College. From 1974 to 1977, she was president of the International Federation of University Women.