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2002 Distinguished Alumni Awards Presented to Joseph Neubauer, Charles Shoemate, and Arthur Velasquez


Joseph Neubauer, Charles Shoemate, and Arthur Velasquez have been named to receive 2002 distinguished alumni awards by the University of Chicago Graduate School of Business.

Neubauer is chairman and chief executive of ARAMARK Corporation, Shoemate is retired chairman and chief executive of Bestfoods, and Velasquez is chairman, president and chief executive of Azteca Foods.

The awards were presented during the school's annual alumni celebration dinner, Friday, October 11 at the Sheraton Chicago hotel. Keynote speaker at the event was Austan Goolsbee, a professor of economics at Chicago GSB.

Award recipients were selected in recognition of careers with consistent, long-term achievement. Nominations were sought from the school's 36,000 alumni and final selections were made during a videoconference meeting of 65 alumni on the award selection committee in New York, Los Angeles, Chicago, and San Francisco.

Neubauer was named distinguished entrepreneurial alumnus of the year. He was honored for creating a unique entrepreneurial culture at ARAMARK, a leading corporation with more than 200,000 employees in 17 countries. The company provides managed services, including food and support services, uniform and career apparel, and childhood and early education programs.

Shoemate, currently an advisory director of Unilever, was chosen as the distinguished corporate alumnus in recognition of his 39 years at Bestfoods, transforming the former corn products company into a collection of global brands including Skippy peanut butter, Knorr soups, and Thomas' English muffins.

Velasquez was named distinguished public service alumnus of the year. He was honored for his leadership in Chicago's Latino community where he encourages residents to succeed by balancing work, family and community involvement. Azteca Foods, started by Velasquez and a group of friends in Chicago's Pilsen community in 1970, has grown to become the leading maker of refrigerated tortillas.

Previous winners of the school's distinguished alumni awards include Philip Purcell, president and chief executive of Morgan Stanley, James Kilts, chairman and chief executive of Gillette, and Karen Katen, president of Pfizer Pharmaceuticals.

The University of Chicago Graduate School of Business is one of the oldest and largest business schools in the world. It offers full-time and part-time MBA programs, a PhD program, and open enrollment executive education.