Alumni Connections - No. 108 - July 2013

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

Alumni Connections

Bain & Company: Luc Luyten, ’79, partner, has been appointed managing director in the Middle East for the Boston-based global business consulting firm.

Alumni Connections

Robert W. Baird & Co.: Paul Donnelly, ’97, has joined as director and financial advisor in its Chicago wealth management office. The international wealth management, capital markets, private equity, and asset management firm is headquartered in Milwaukee.

Alumni Connections

Boys & Girls Clubs of America: Jay Rasulo, AM ’82, MBA ’84, has been appointed to the board of governors of the Atlanta-based nonprofit organization. Rasulo is senior executive vice president and CFO for The Walt Disney Co. (Also see Alumni to Know.)

Alumni Connections

Corporation of Brown University: Richard Friedman, ’81, has been elected to the Board of Fellows at the governing body of Brown University. Friedman heads the merchant banking division at Goldman, Sachs & Co. He was first elected to the Brown Corporation as a trustee in 2005.

Alumni Connections

Bunge Ltd.: Samuel Saenz Rosas, ’09, has been promoted to CFO, sugar and bioenergy segment at the White Plains, New York–based agribusiness firm. Previously, Saenz Rosas was the London-based risk and business analysis director of sugar and bioenergy trading.

Alumni Connections

Cardiff & Vale University Health Board: Brendan Sadka, ’00 (EXP-5), has been appointed an independent member. The Welsh national health board is based in the University Hospital of Wales in Cardiff.

Alumni Connections

CUES: John Pembroke, ’93, has been named new senior vice president and chief operating officer at the Madison, Wisconsin-based executive leadership development group for credit unions.

Alumni Connections

DeVry Medical International: Steven Riehs, ’88, has been named president. The educational group, part of Downers Grove, Illinois–based DeVry Inc., is comprised of American University of the Caribbean and Ross University’s Schools of Medicine and Veterinary Medicine.

Alumni Connections

Dresner Partners: Brian Graves, ’91, has joined the Chicago-based boutique middle-market investment banking group as managing director.

Alumni Connections

Elevate Ventures: Kelly Schwedland, ’10, has joined as an entrepreneur-in-residence for the nonprofit statewide venture development organization’s Northwest and North Central Indiana regions.

Alumni Connections

Financial Industry Regulatory Authority: Jonathan Sokobin, MBA ’88, PhD ’93, has joined as the regulatory authority’s first chief economist. Sokobin is the former acting deputy director of research and analysis in the Treasury Department's office of financial research. He will work with Wall Street industry-funded, independent securities regulator FINRA’s general counsel and other departments to review existing rules and to develop new ones, analyzing costs and benefits to the financial industry.

Alumni Connections

Fisk University Board of Trustees: Retired Chicago investment banker Barbara Bowles, ’71, has been elected chair. Fisk is located in Nashville, Tennessee.

Alumni Connections

Goldman, Sachs & Co.: Thomas Ernst, ’99, has joined as managing director, software banking team.

Alumni Connections

Heidrick & Struggles, Inc.: Patricia Coleman, ’93, has joined as partner, life sciences practice in the executive search and leadership consulting firm’s Chicago headquarters.

Alumni Connections

Hunt Cos.: William Little, ’96, has joined as senior vice president of public private partnerships. The El Paso, Texas–real estate company specializes in military housing, community development, and multifamily housing with regional offices throughout North America and Europe.

Alumni Connections

Hyatt Hotels Corp.: Heather Briggs, ’05, has been promoted to vice president of consumer insights and market research from director of consumer insights and market research at the Chicago-based hotel giant.

Alumni Connections

Irish Innovation Fund: Philip Purcell III, ’67, a Notre Dame University trustee, has been named chair of the board of the fund, which the university established to assist students who are attempting to start a business. Purcell is the former chair of Morgan Stanley.

Alumni Connections

Jaguar Partners: Thomas McDonald, ’08 (XP-77), has joined as partner in the new private equity firm that aims to invest in emerging market companies.

Alumni Connections

Jazz Arts of the Mountain West: Louis Strike, ’71, has been named president of the nonprofit producer of the Salt Lake City International Jazz Festival. Strike is former president and CEO of various Midwest manufacturing firms.

Alumni Connections

Michigan Academy of Family Physicians: Fred Van Alstine, ’00, has been named president of the Okemos, Michigan-based association. Van Alstine is a private practice family physician.

Alumni Connections

MRA - The Management Association: William Budzien, ’85, has been appointed CFO and vice president, human resource services of the nonprofit employers association. The Waukesha, Wisconsin-based group has branches in Wisconsin, Minnesota, Northern Illinois, and Iowa/Western Illinois.

Alumni Connections

New Mountain Capital LLC: Douglas Londal, ’91, has been named president and chief operating officer at the New York–based private equity company.

Alumni Connections

Novato Community Hospital: Brian Alexander, ’09, has been named administrator. The hospital is located in Novato, California.

Alumni Connections

NXT Capital Venture Finance LLC: Joseph Porten, AB ’00, MBA ’10, has joined as director in the Silicon Valley office. The Chicago-based financial services company focuses on the middle market.

Alumni Connections

Village of Oak Park, Illinois: Anan Abu-Taleb, ’00 (XP-69), recently took the oath of office as village president.

Alumni Connections

Oremex Silver Inc.: Roderic Prat, ’93, has been appointed to the board of directors. The Toronto-based company explores and develops silver projects along a mineral belt in Mexico. Prat is founder of merchant bank Trident Merchant Partners.

Alumni Connections

Performance Trust Investment Advisors LLC: Ethan Youderian, ’01, has been named chief investment officer of the Chicago-based financial services firm.

Alumni Connections

Rackspace: Scott Hegstrom, ’01, has joined as vice president of business development at the San Antonio–based e-mail-hosting cloud company.

Alumni Connections

San Francisco Chronicle: Jeffrey Johnson, ’90, has been named publisher. The newspaper is part of Hearst Publications.

Alumni Connections

Semiconductor Manufacturing International Corp.: Haijun Zhao, ’06 (AXP-5), has been promoted to chief operating officer from vice president of North operations. The Shanghai-based company is known as China’s largest and most advanced semiconductor foundry.

Alumni Connections

Shop Smart: Scott Grossman, ’11, has joined as president and chief operating officer. The Chicago-based company’s flagship is the internet shopping site Brad’s Deals.

Alumni Connections

Stax Inc.: Prashant Tewari, ’00, has joined as director at the Boston-headquartered consulting firm. The company also has offices in Chicago, New York, and Colombo, Sri Lanka.

Alumni Connections

Sterne, Agee & Leach Inc.: Patrick Long, ’99, has joined as managing director in the privately owned investment banking firm’s Richmond, Virginia office. He will focus on banks and thrifts in the Southeastern United States. The company is headquartered in Birmingham, Alabama.

Alumni Connections

Telos Group LLC: William Truszkowski, ’96, has joined the Chicago-based leasing firm as senior vice president.

Alumni Connections

US Department of Agriculture: Anne Alonzo, ’00 (XP-69), has been appointed agricultural marketing service administrator.

Alumni Connections

University of Virginia Darden School Foundation: Susan Chaplinsky, PhD ’84, Darden professor of business administration, has been named trustee on the board at the business school foundation.

Alumni Connections

Ventas Inc.: Lori Wittman, ’92, has been promoted to senior vice president, capital markets and investor relations, from vice president at the Chicago-based real estate investment trust.

Alumni Connections

WellCare Health Plans Inc.: David Gallitano, ’75, has been named chair of the board. The Tampa, Florida-based company provides managed care services to government health care programs Medicare and Medicaid. Gallitano is president of Littleton, Colorado-based private investment firm Tucker Advisors Inc.

Alumni Connections

Wolfe Research LLC: Scott Mushkin, ’01, has joined the New York–based investment research firm as managing director and senior retail analyst.

Alumni Connections

World Business Chicago: Eric Olson, ’11, has joined as deputy director of Plan for Economic Growth and Jobs at the Chicago-based economic development agency.

Alumni to Know

A same-sex marriage bill in Rhode Island has been garnering support from what some would say is an unlikely corner: “leading Republican fundraisers and strategists,” says an April 27 article in the New York Times. The article lists as one of the bill’s backers “Libertarian-leaning New York investor” Clifford Asness, MBA ’91, PhD ’94, who cofounded and cofinanced the American Unity Fund, “which spent weeks helping the [Rhode Island] gay rights organization cultivate Republican senators,” the article said.


Hands of Peace, a Glenview, Illinois-based nonprofit, brings together 40 to 45 Israeli, Palestinian, and American teenagers each summer. Over two and a half weeks, the kids explore cultural differences and have some fun along the way. The program aims to “create a personal understanding or connection where none existed,” said former bond trader and founder Gretchen Grad, ’88, in a May 5 “Remarkable Woman” Q&A in the Chicago Tribune.


Wesley Gray, MBA ’10, PhD ’10, headlined the Ivy Family Office Philadelphia Forum on May 9. Speaking about non-correlated investments, Gray discussed the FACTS methodology that he helped to create to assess a potential investment. FACTS is an acronym for Fees, Access, Complexity, Taxes, and Search. “When you review this robust framework, you see a real opportunity to focus on systematic approaches that capture various market risks and exposures,” Gray said in a May 15 PRWeb article. Gray is founder and executive managing member of Cleveland-based investment advisor Empiritrage LLC and co-owner of Turnkey Analyst LLC.

Christopher Hayward, ’92, has received the PENCIL Leadership Award. PENCIL, a New York–based nonprofit, aims to improve schools and student performance through innovative programs, according to a May 21 PRNewswire article. Hayward, managing partner and chief operating officer at Highbridge Capital Management LLC, worked as the nonprofit’s representative at the high school and city college level on math, science, and engineering. He also serves as treasurer on the PENCIL board. “Education is the cornerstone for a strong democracy and essential for preserving our way of life,” Hayward said. “The future of New York City depends on ensuring that our children have the opportunities they need to pursue their dreams—and that begins with world-class education.”


Gerald Irons, ’76, has seen it all, from the crush of playing professional football to the diplomacy of meeting a Japanese emperor. Along the way he has written a book, When Preparation Meets Opportunity, and helped to develop a Texas community. The Gary, Indiana, native recently was inducted into the Indiana Hall of Fame. Irons played linebacker with the Oakland Raiders and Cleveland Browns, pursuing his MBA along the way. He was named one of Cleveland’s top all-time players, said a May 30 feature profile in the Post-Tribune.

After his football career, Irons moved to The Woodlands master-planned community in Texas. He and his wife raised three sons who all played Division 1 football. Working for the Woodlands Development Co., where he currently serves as vice president, Irons got the chance to entertain Japanese business executives. He became fluent in Japanese. The Osaka Junior Chamber of Commerce returned the favor by inviting Irons to an all-expense paid trip to Japan. It was then that he met the emperor, crown prince, and princess.

The Chicago Tribune has published 60 letters to the editor from Mitchell Johnson, ’95, since 2000. On May 25, the newspaper ran an article about him in its opinion section. The controller for a Chicago start-up related his latest thoughts in the article: “We're supposedly in a recovery, yet a fifth of all families are receiving food stamps. I don't begrudge those receiving benefits. But our politicians should be doing more to get them back to work and off the dole. Part of that requires cutting red tape that bogs down growth. The government needs to get out of the way of business and let it do its thing. If politicians were required to take basic economic courses, I think a lot of their policy proposals would be different.”


John Tyler Lundy, ’93, has written a satirical novel, Happy Utopia Day, Joe McCarthy. To promote it, Lundy launched a “bookmark tour,” passing out bookmarks and giving presentations at landmarks along historic Route 66, trekking from Chicago to Santa Monica, California, during the last week of May. His book comes out October 1.


Delaware Governor Jack Markell, ’85, is using his “innovative public and private sector experience” to boost the state’s economy and improve education, said a May 14 Washington Post article. His experiences as banker, consultant, and manager have helped him reopen an oil refinery and bring in new jobs to an old Chrysler plant. Perhaps most creatively, his state has “used data to drive decision-making” in the public school system, coming up with a plan that won President Obama’s Race to the Top competition for public school improvement, the article said. “To equip Delaware students to compete in a growing global economy, the governor began a World Language Expansion Initiative, offering Chinese and Spanish immersion to students beginning in kindergarten,” the article said.


Probably “the most critical question facing the private equity industry today” is connected to 2013 being a year of exits, said Darius Pandole, ’92, partner, New York-headquartered New Silk Route Partners LLC, which also has a Mumbai office. “The Indian [private equity] industry as a whole needs to show more exits, both in terms of reasonable internal rates of return and in terms of dollar amounts that are actually returned to Limited Partners,” Pandole said in an April 24 article in India’s Entrepreneur magazine. “If over the next year or two, a reasonable number of exits happen, then we will see no shortage of additional private equity funding flowing into India. However, if those exits do not happen as expected, then question marks will persist about the private equity story in India. (The year) 2013 will clearly see a lot of focus on exits from funds across the board because, of the $50 billion to $60 billion in terms of venture capital and private equity funding that has flowed into the Indian economy, a significant portion of that funding flowed in during the timeframe of 2006, 2007, and 2008. That vintage is now approaching its exit horizon. And hence, funds have to start showing exits.”

As head of the San Francisco and Chicago offices for advertising company Digitas, Doug Ryan, ’87, knows he is in a creative, collaborative business, and his office set-up reflects that, with a table and chairs taking center stage and an ever-open glass door. A portrait of Bill Murray as a Russian general hangs behind his desk. “We are not in an emergency room. We are in advertising, so we should be having fun,” Ryan said in a May 22 article in Crain’s Chicago Business.


Jeffrey Sexton, '07 (XP-76), is the founder and president of investment newsletter publisher Pure Momentum Investing and is the managing member of Superstition Capital Advisors LLC. Sexton, who was the director of quantitative strategies and hedge fund portfolio manager for Roxbury Capital Management LLC, has been engaged in pure momentum investment management and research since 1997


Carrie Shea, AB ’87, MBA ’90, AMG Strategic Advisors president, has received Consulting Magazine’s 2013 Top 25 Consultants achievement award. Shea, former CEO of Griffin Strategic Advisors, oversaw its acquisition by Acosta Mosaic Group in early 2012. AMG Strategic Advisors is the strategy and insights consulting unit of Acosta Mosaic Group, based in Jacksonville, Florida.


Thomas Sidlik, ’73, chair emeritus of Eastern Michigan University, has received the EMU Dr. John W. Porter Distinguished Service Award for 2013, honoring outstanding contributions to the university or its alumni association.


Retired business executive and father of five teenagers Cary Siegel, ’85, offers advice to recent grads about money management. Avoid credit cards, even in college. Be aware of the amounts of your monthly bills and call utility and cable companies when they try to raise your rates. And spend an hour a week learning about personal finance, says the author of the book Why Didn’t They Teach Me This in School? 99 Personal Money Management Principles to Live By. “I wish I’d learned these things in school—I would have made fewer mistakes,” Siegel said in an April 25 article in online InvestorIdeas.


The Mexican market ranks second only to the United States for Coca-Cola consumption, representing a 12 percent share of worldwide volumes, said Brian Smith, AB ’79, MBA ’80, president of Coca-Cola Mexico. “In addition, Mexicans drink the most Coca-Cola portfolio products per capita in the world,” Smith said in a Q&A published in the 2012 Mexico issue of online journal The Business Year.


Richard Westenberger, ’96, executive vice president and CFO of Carter’s Inc., has won CFO of the year, in the large public company category. The honors are awarded by the Atlanta Business Chronicle. Westenberger is credited with contributing to the company’s strong e-commerce presence and increasing international market share, the publication said. Westenberger characterized a great CFO as one who employs integrity while maximizing performance and identifying long-term value creation.

CEO Watch: Taking the Lead


Sara Boyd, ’04
Omaha Community Foundation
Boyd is the first woman to helm the Omaha, Nebraska-based foundation, which provides grants to nonprofits.


Frank Bozich, SB ’82, MBA ’87
President and CEO

SI Group Inc.
The family-owned global chemical company is headquartered in Schenectady, New York.

Peter Fort, ’02

Ras Al Khaimah Free Trade Zone
The free trade zone is in the United Arab Emirates. Fort also is senior economic advisor to the government of the emirate of Ras Al Khaimah.


Margaret Hardin, ’96

The Los Angeles–based company makes baby carriers.


L. Scott Thomson, ’98
President and CEO

Finning International Inc.
The large Caterpillar dealer is headquartered in Vancouver, British Columbia, Canada.

CEO Watch: Making Headlines


Joseph Beatty, ’89

Telular Corp.
Since 2008 Beatty has transformed Telular from a manufacturer of equipment straddling wired and wireless telecommunications into a developer of software which collects data over wireless networks This software has proved critical to the security, fuel, chemical, and trucking industries. The company reached an agreement to be sold at April’s end to Avista Capital Partners, according to a May 1 Crain’s Chicago Business article.


George Conrades, ’71 (XP-28)
Chair and Former CEO

Akamai Technologies Inc.
In the keynote commencement speech at Ohio Wesleyan University, Conrades culled advice from 42, a new movie about Jackie Robinson: “Show up, on time, dressed to play. That’s all that’s expected of you, whatever you exist to be.” He told graduates they have a critical role to play as leaders of a “hyperconnected world with instant access to vast amounts of information—a world that promises more transformational change every day.”

In a May 12 university blog post that reported on his speech, Conrades said, “I am actually pretty optimistic about you and your generation. You see value in one another. You are much more open to new ideas from all over the world than my generation.”


John Ettelson, JD ’83, MBA ’84
President and CEO

William Blair & Co.
Ettelson has been named board chair of the prestigious Economic Club of Chicago, whose membership includes top Chicago business executives and which hosts top speakers, such as US presidents and successful CEOs. Ettelson was elected in May by hundreds of members gathered at the Palmer House Hilton.


Patricia Kampling, ’91
Chair, President, and CEO

Alliant Energy Corp.
“I’d be kidding you if I said I didn’t have any barriers” to advancement, Kampling said in an April 23 article in “But for every barrier I probably had 10 supporters or things gone the right way. I never looked at them as barriers; I looked at them as bumps in the road.” Kampling said she selected supportive companies and surrounded herself with supportive people. She said an important part of leadership involves “consistency and a positive attitude” toward both customers and employees. “Effectiveness is about the outcomes but it’s also about how you get there, how you make people feel along the way. That’s equally important to me.”


Matthew Maloney, SM ’00, MBA ’10
Founder and CEO

GrubHub Inc.
Chicago-based online food ordering company GrubHub is merging New York–based Seamless. Maloney in 2006 co-founded the start-up, which is one of the most successful and talked about start-ups to come out of Booth. The company in 2006 won the Edward L. Kaplan, ’71, New Venture Challenge and went on to win several rounds of new venture funding. It grew to revenues of $50 million in 2012. GrubHub and Seamless will maintain separate brand identities but will use their combined resources to fuel research and development, reports a May 20 Wall Street Journal online article. The merger will open the door to joint innovation, creating new ways to “drive more orders for our restaurants,” explained Maloney in a May 20 Bloomberg post. Customer experience and ordering medium present opportunities for growth. Currently, about 30 percent of GrubHub’s ordering and 40 percent of Seamless’ sales take place via mobile applications. Maloney will take the helm as CEO of the combined company with Seamless CEO Jonathan Zabusky staying on as president.

Joseph Neubauer, ’65

Aramark Corp.
Neubauer and his wife hosted a gala benefit, On Stage at the Met, which brought in a record $3.6 million for the famed New York opera house.


Howard Marks, ’69
Cofounder and Chair

Oaktree Capital Management LP
A Forbes reviewer had this to say on May 28 about Marks’ book, The Most Important Thing Illuminated: “This isn’t yet another ‘how to invest’ book or a tired rehashing of received investment ‘wisdom’ that looks more like something found in a fortune cookie and which rarely seems to hold up in practice. Instead, Marks gives us the insightful thoughts of a man who struggles with his own investing decisions on a daily basis. There are no shortcuts, formulas, or easy tricks. But there is a wealth of experience and thoughtful contemplation from a real ‘in the trenches’ investor who has been doing this a long time.”


Pete Peterson, ’51
Founder and Chair

Peter G. Peterson Foundation
Peterson, Blackstone co-founder and former commerce secretary in the Nixon administration, defended his tough position on the federal deficit in a May 7 Politico article written on the date of the foundation’s annual fiscal summit. “This year the focus is more on the long-term future and one of the things I plan to say [today] is that while some people refer to me as a deficit scold, I am not one. I may be a long-term debt scold but that’s because the long-term debt is the principal threat to our future.” He said a “comprehensive plan that stabilized debt at a sustainable level… would actually be a stimulus because of increased confidence.”


Avi Stopper, ’06
Founder and CEO

The online start-up helps parents and coaches promote student athletes for college recruitment. “There are so many apps out there, and tons of them are really great, but this is a community that’s really at a central place in American society—youth and college sports—there’s tons of passion and enthusiasm, but products had overlooked the needs of this community,” Stopper, a former student athlete, said in a May 22 Q&A with online Built in Denver. “Since it is near and dear to my heart, I saw both the problems and the opportunities. It just didn’t feel like there was adequate coverage, so the circles of my life kind of overlapped.” The company has offices in San Francisco and Denver.


George Tanasijevich, ’01
President and CEO

Marina Bay Sands Pte Ltd.
Tanesijevich, who is also managing director of global development for Las Vegas Sands Corp., spoke at the Jerusalem International Tourism Summit at the end of May.

Submit information about yourself or fellow alumni to