Alumni Connections - No. 99 - October 2012

Alumni Connections is a sampling of alumni news. Alumni on the Move, Alumni to Know, CEO Watch: Taking the Lead, and CEO Watch: Making Headlines share news gleaned from media online and in print, including news submitted to Chicago Booth Magazine. Submit information about yourself or fellow alumni to

Alumni on the Move

AES Corp.: Thomas O'Flynn, '86, has been named executive vice president and CFO. The thermal and renewable power company is headquartered in Arlington, Virginia.

Amcor Ltd.: Christopher Wrobel, '06 (XP-75), has been promoted to director, business development for Amcor Flexibles, a division of Amcor. He will lead business strategy across a European portfolio including mergers and acquisitions and business expansion. The packaging company has global headquarters in Hawthorn, Victoria, Australia.

American Mortgage & Realty Corp.: Shawn Bush, '10, has joined as assistant vice president. The commercial mortgage banking firm is based in Indianapolis. Bush was previously a vice president with Bank of America Corp., headquartered in Charlotte, North Carolina.

BDO USA LLP: Jerry Dentinger, '93, has been promoted to partner from managing director in the Chicago headquarters of the accounting and consulting firm. He will continue his role as practice leader for the firm's transaction advisory services practice in the central region.

BMO Financial Corp.: Adela Cepeda, '84 has been named to the board of directors. The financial services organization is headquartered in Toronto, Ontario, Canada. Cepeda is president of A.C. Advisory Inc., a financial advisory firm with offices in Chicago and New York.

CellTrack Technologies Inc.: Andrew Bezaitis, '94, has been appointed chief operating officer. Based in Schaumburg, Illinois, the company offers integrated mobile technology platforms for the home health care, hospice, and private duty markets.

Chamber Pension Plan: Lynn Roffey, '96, has been named chair. The pension plan serves people working in the Cayman Islands. It is based in Grand Cayman. Roffey is the financial controller for Androgroup Ltd. and its affiliates.

Chicagoland Jewish High School: James Baumstark, '96, is bringing a 20-year business career to his new teaching job at the Deerfield, Illinois campus. He will be teaching precalculus.

Connecticut Light and Power: William Herdegen, '81, has been named president and chief operating officer. The power company is part of Northeast Utility Services Company, which provides gas and electric services throughout Connecticut, Massachusetts, and New Hampshire. It has headquarters in Hartford, Connecticut and Boston.

FOCUS LLC: Allen Conger, '96, has joined as principal in the southeast region. The middle market investment banking firm is based in Washington, DC.

Fortress International Group Inc.: Daniel Phelps, '99, has been appointed to the board of directors. Headquartered in Columbia, Maryland, the company offers consulting, engineering, construction managing, and site services for centers with critical missions. Phelps is managing director of Salt Creek Capital Management LLC, a private equity firm he founded in 2009, and president of Electro-Motion Inc., an emergency power maintenance company, both based in Menlo Park, California.

Laredo Oil Inc.: Michael Price, '73, has been named to the board of directors. Headquartered in Austin, Texas, the company manages oil fields. Price is a principal in Octagon Energy Advisors, a Houston-based energy investment advisory firm.

Margaret A. Cargill Philanthropies: Rodney Overcash, '08, has joined as director of credit. Based in Eden Prairie, Minnesota, the organization comprises three grant-making agencies: the Margaret A. Cargill Foundation, the Anne Ray Charitable Trust, and the Akaloa Resource Foundation.

Merck Sharp & Dohme Corp.: Lydie Roux, '08 (EXP-13), has been named director of operations for southern Europe in the Merck Animal Health Division at the company known as Merck & Co. Inc. in the United States and Canada and as MSD elsewhere. The pharmaceutical company is headquartered in Whitehouse Station, New Jersey.

Merge Healthcare Inc.: Matt Maloney, '10, has been appointed to the board of directors. The Chicago-based company makes imaging software for clinics and hospitals. Maloney is founder and CEO of GrubHub Inc., an online site to order out food from restaurants, which is also headquartered in Chicago.

MTD Products Inc.: Blair Cook, '07, has been promoted to general manager, Asia region, based in Suzhou, China. He had been director, finance and business development, for MTD Asia. Headquartered in Valley City, Ohio near Cleveland, the company is a worldwide leader in outdoor power equipment for residential and commercial markets. In addition to Asia, it has facilities in Europe, North America, South America, and Australia.

Pagamo SAS: Stephen Bolger, '99 (EXP-4), has been named chief operating officer. Pagamo is the Cazes family holding company for Chateau Lynch-Bages and other properties in Bordeaux, Chateauneuf-du-Pape, and the Languedoc region of France, as well as winery joint ventures in Portugal and Australia and high-end wine tourism assets in Bordeux, including the Relais and Chateau Cordeillan Bages. Bolger remains CEO and co-owner of Crushpad Bordeaux, a custom wine-making facility. As of the 2012 harvest, the Crushpad winery will be located in the hamlet of Bages, France.

PepsiCo Inc.: Debra Crew, '00, has been named president, PepsiCo Americas Beverages. She also serves as president of the company's Western Europe business. In her expanded role, Crew oversees the Gatorade and Tropicana business in North America, the Latin America beverages business, and the North America warehouse sales organization and beverage growth ventures. The beverage and snack food giant is headquartered in Dallas.

Reilly Partners: David Gorman, '01, has joined as managing director. The privately held executive search firm is based in Chicago.

Santa Fe Gold Corp.: Erich Hofer, '04 (EXP-9), has been appointed to the board of directors. Based in Albuquerque, New Mexico, the mining company explores for precious metals in the southwest United States. Hofer is a principal of HFE MAC LLC.

South Carolina Public Employee Benefit Authority: Cynthia Hartley, '86 (XP-55), has been appointed a member of the board of directors. Based in Columbia, the group administers the state's retirement systems and employee insurance program. Hartley retired as senior vice president for human resources from Sunoco Inc., a petroleum company headquartered in Philadelphia. She also was recently named vice chair of the board of trustees of Coker College in Hartsville, South Carolina.

Studley Inc.: Eric Feinberg, '02, has been promoted to corporate managing director in the Chicago office from managing director. The commercial real estate company is headquartered in New York.

Witt/Kieffer: John McLean, '93 (XP-62), has been named managing director, central region, and coleader of the firm's life sciences practice. The executive search firm is based in Oak Brook, Illinois.

Alumni to Know

Pancheros Mexican Grill restaurants was operating as "fast casual" - a combination of fast food and casual dining - before customers even knew the meaning of the term. They had to have it explained to them, said Rodney Anderson, '92, founder and president of the restaurant chain, which is celebrating 20 years in operation. The restaurant chain benefitted from leading the fast casual trend, he said in an August 26 article in the Gazette, a newspaper in Cedar Rapids, Iowa. Anderson and his partners had opened the first Pancheros in Iowa City near the University of Iowa. Recently adding franchises in California, Nevada, and Oregon, "we should be at about 75 units by the end of next year and at 100 by the end of 2014," Anderson told the Gazette.

Judy Brown, '98 (EXP-3), executive vice president and CFO of health care supplier Perrigo Co., has been named number 21 of the top 25 CFOs of 2012 by the Wall Street Journal in a July 31 article. Brown was hailed as "a superstar who has it all" by the head of the financial officers practice at recruiting firm Russell Reynolds Associates, the article said. Under Brown, yearly profits have risen to 12 percent in 2011 from 5 percent in 2007, the article said.

Moonz, the Madrid-based orthodontics company, is growing, with a new office opening in Fulham, an area in southwest London. It is also growing in reputation, earning a place as a national finalist representing Spain at the European Business Awards. Jaime Giron de Velasco, '12 (EXP-17), corporate managing director of Moonz, appeared in a video entry for the awards, describing the family company. "We are unique because we have a different approach to the customer experience," he said in the video. "All of the team is focused on the customer experience. And we have developed a set of characters." The cartoonish characters are designed to appeal to children, who make up the majority of orthodontic customers. Giron also writes that he and his family are expecting a second child.

Cleve Carney, '66, is giving more than $1 million in money and artwork to the College of DuPage in Glen Ellyn, Illinois, said a June 30 Chicago Tribune article. With the funding, to be made available after Carney's passing, the Cleve Carney Art Space will be established within the McAninch Art Center, the article said.

Mark Loughridge, '82, senior vice president and CFO, finance and enterprise transformation of International Business Machines Corp., was named number one in the list of the top 25 CFOs of 2012 by the Wall Street Journal in a July 31 article. Loughridge's profile in the article said IBM "divested its PC business in 2005, within his first full year as CFO. In 2007, he helped introduce a four-year 'roadmap' that spelled out how the company would grow its newly-prominent software and services divisions and gain share in emerging markets. That roadmap detailed where IBM would spend its money, including acquisitions, and where it would take earnings for 2010. It hit the EPS goal early and just released a new roadmap for 2015 that includes the goal of doubling EPS to at least $20 per share."

Thomas, McNerney & Partners recently moved its West Coast office from San Francisco to San Diego. That's the city where partner Pratik Shah, SM '93, PhD '96, MBA '99, previously had worked. "We felt that there was a real opportunity in San Diego," Shah told the San Diego Union-Tribune in an August 29 article. "When you look at the number of biotech and life sciences companies in Southern California, it's one of the top three clusters in the nation, but when you compare the ratio of venture capital firms to the number of companies in the Bay Area and here, the ratio is massively skewed." Shah also cited three top things the health care venture capital firm looks for when making its investments: "We invest for the long haul. Three key things? I guess it's the magical combination of: 1) a product that will make a real difference and is likely to work, 2) a business plan that takes the company to sustainability and 3) a team that can take the company there. We tend to put the business model and plan ahead of other things."

CEO Watch: Taking the Lead

Ajay Goel, '00
Tata Power Solar Systems Ltd.

In addition to Goel becoming CEO, the company has changed its name from Tata Solar BP India, as part of a restructuring. Based in Bangalore, India, the company is now a wholly owned subsidiary of The Tata Power Co. Ltd., which is headquartered in Mumbai, India.

Gordon Hecker, '86
Columbus Jewish Federation

The support organization for the Jewish community is based in Columbus, Ohio. Hecker previously was CEO of Nationwide Mutual Insurance Co., also headquartered in Columbus.

Eileen Serra
Chase Card Services

The division is part of New York-based JPMorgan Chase & Co.

CEO Watch: Making Headlines

Juan Cartagena, '12 (EXP-17)
Traitperception Inc.

Cartagena's firm won the Bizcamp Tel Aviv competition. He was awarded a trip to Tel Aviv to attend the DLD Festival. Traitperception was one of four finalists. The Madrid-based start-up uses scientific methodology to rank people by their reputation and traits. While Cartagena acknowledges that questions of privacy and ethics may arise in the future, he noted the transparency already occurring on the internet, where people regularly post details from their resumes. "In the future, personality will be important," Cartagena said in a September 4 blog entry on TNW (The Next Web). "It's what differentiates people for others much more than experience or knowledge. We are looking for a place where there is a market of trust." Traitperception also recently won the Seedcamp Berlin competition.

Submit information about yourself or fellow alumni to