Alumni Connections - No. 106 - May 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

Alcatel-Lucent: Jean Monty, ’70, has been appointed vice chair of the board of directors at the Paris-based networking and communications technology firm. Monty is the former chair and CEO of Montreal-based telecommunications company Bell Canada Enterprises Inc.

Alumni Connections

Alvarez & Marsal LLC: Ron Huberman, AM ’00, MBA ’00, has been named senior advisor in the Chicago-based public sector services group. The New York–based firm specializes in performance improvement, turnaround management, and business advisory services.

Alumni Connections

Alta Resources LLC: Jim Goetz, ’84, has been appointed to the newly created position of president and chief operating officer at the Neenah, Wisconsin-based business outsourcing company.

Alumni Connections

Ameriana Bancorp: Charles Haywood, JD ’94, MBA ’03, has been appointed to the board of the New Castle, Indiana-based parent company of Ameriana Bank, and also to the bank’s board. Haywood is president and owner of Indianapolis-based Mansfield-King LLC, a contract manufacturer and packager of personal care products.

Alumni Connections

Ampersand Capital Partners: Eric Lev, ’04, has joined as partner. The health care–focused, middle market private equity firm is based in Wellesley, Massachusetts.

Alumni Connections

The Carlyle Group: Mitch Petrick, ’87, has joined as managing director and head of global market strategies at the New York–based global asset management giant.

Alumni Connections

Center for Innovative Technology: Julia Taxin, ’12, has been appointed to the CIT GAP Funds Advisory Board. Based in Herndon, Virginia, the fund manager makes equity investments in the fields of technology, clean technology, and life sciences. Taxin is an associate at Vienna, Virginia-based private equity firm Grotech Ventures.

Alumni Connections

Centra Credit Union: Brett Vanderkolk, ’94, has joined as CFO. The credit union is based in Columbus, Indiana.

Alumni Connections

Community Foundation of Wabash County: Patricia Grant, ’82, has been named executive director. The grant-issuing charitable organization is based in North Manchester, Indiana.

Alumni Connections

Consumer Financial Protection Bureau: Anthony Gibbs, ’08 (XP-77), has joined as Midwest regional director. The federal agency aims to help consumers who are making such financial decisions as applying for a mortgage, choosing among credit cards, or using other types of consumer financial products. It is based in Washington, DC, and Iowa City, Iowa.

Alumni Connections

Community Financial Services Association of America: Patrick O’Shaughnessy, ’92, has been named chair of the board of directors. The national organization lobbies for consumer lending interests. O’Shaughnessy is CEO of Spartanburg, South Carolina–based Advance America, Cash Advance Centers Inc.

Alumni Connections

Financial Industry Regulatory Authority Inc.: Steven Randich, ’94, has joined as executive vice president and chief information officer. Washington, DC-based FINRA is the largest independent regulatory agency for US security firms.

Alumni Connections

Fred Alger Management Inc.: Ajoy Reddi, ’05, has joined the New York–based asset management firm as vice president and analyst, focusing on international equity markets.

Alumni Connections

Freeport Financial Partners LLC: David Allen, ’96, has been appointed managing director, healthcare sector investments. The Chicago-based investment management firm focuses on middle market companies.

Alumni Connections

Highland Capital Management LP: Nikki Gill, ’01, has been appointed director of business development at the Dallas-based investment management firm.

Alumni Connections

La Rabida Children’s Hospital: John Smith, ’88, has joined the board of trustees at the Chicago-based medical center. Smith is senior vice president of investments for New York-based Merrill Lynch Private Banking & Investment Group.

Alumni Connections

Man Group plc: Anne Lundberg, ’02 (XP-71), has been named US consultant relations head. The global independent asset manager is based in New York.

Alumni Connections

Manulife Asset Management LLC: Travis Schaftenaar, ’00, has been named director and senior investment analyst at the Toronto-based investment management company.

Alumni Connections

Monticello Associates Inc.: Brian Harrigan, ’08, has been promoted to managing director from senior investment analyst at the Denver-based asset management consultant.

Alumni Connections

Realty Income Corp.: Sumit Roy, ’01, has been promoted to executive vice president, acquisitions, from senior vice president, acquisitions. The real estate investment trust is based in Escondido, California.

Alumni Connections

Redbox Automated Retail LLC: Kiera Hynninen, ’90, has joined as senior vice president of marketing. The company offers DVD and videogame rentals through a network of kiosks. It is headquartered in Oakbrook Terrace, Illinois.

Alumni Connections

Retrofit Inc.: Kimberly Williams, ’92, has been named to the newly created position of chief operating officer. The Skokie, Illinois-based data-driven weight loss program caters to busy professionals.

Alumni Connections

Seer Capital Management LP: Richard Parkus, ’90, has joined as managing director and trader for the New York–based firm’s commercial mortgage-backed securities investment strategy.

Alumni Connections

Stout Risius Ross Inc.: Nick Jachim, ’93, has joined as managing director in the Chicago office. The global financial advisory firm specializes in investment banking, valuation and financial opinions, and dispute advisory and forensic services. The company also has offices in Atlanta, Cleveland, Dallas, Detroit, Houston, Los Angeles, New York, and Washington, DC.

Alumni Connections

Wellington Partners Venture Capital GmbH: Stuart Essig, MBA ’87, PhD ’92, has been appointed venture partner for the life science investment team. With offices in Munich, London, and Zurich, the venture capital firm invests in start-ups in the fields of digital media, resource efficiency, and life sciences.

Alumni Connections

Wellstar Kennestone Hospital: Dan Woods, ’92 (XP-61), has been promoted to president from chief operating officer and Wellstar Health System senior vice president. The Marietta, Georgia-based hospital is part of Wellstar, a nonprofit healthcare organization.

Alumni Connections

Xerox Corp.: Kathryn Mikells,’94, has been named CFO of the Norwalk, Connecticut-headquartered office equipment and document management giant.

Alumni to Know


Start-ups raise money all the time from angel investors. Now future college students can reap similar benefits, thanks to a new online start-up called Angeldorm. Founded by Scott Baxter, ’89, students set up profiles about themselves called “dorms” where family, friends, and anybody else who sees potential can contribute to their education. “I paid for my own education, but I was lucky enough to have parents who risked well over their net worth when they cosigned my college loans,” said Baxter. “We created Angeldorm to make it easier than ever before to raise money for college, while doing so in an environment that is safe, secure, and connected directly to the university of your choice.” The New York–based company helps to offset soaring college costs and equally soaring student debt by allowing donors to contribute at such levels as “Halo,” $25 to $49, “Tassel,” $50 to $150, “Wings,” $150 to $250, and “Angel,” $250 or more.


A new company is using a new method to make chemicals from renewable food stock sources. Those chemicals are then used to make everyday products such as acrylic glass, paints, coatings, automotive parts, and electronics, without the use of petroleum. “We take renewable feedstock as an input, ferment it, chemically modify it, and the output is the same chemical produced through a petrochemical process,” said William Faukner, ’02, founder of Ascenix BioTechnologies, in a March 6 University of Minnesota News Service story. “If you were at a hockey arena and looked at a piece of glass made from petroleum, and compared it to one made through our process, it would appear the same. Plus, we’re able to do it much more economically than the incumbent petroleum processes.”


Spencer Klein, AB ’92, MBA ’03, senior portfolio manager for Chicago-based MB Financial Bank, was the guest speaker at the Prairie State College Foundation Economic Forecast Breakfast in Olympia Fields, Illinois on March 15.


Matthew Levin, ’98, was named a 2013 Young Global Leader by the World Economic Forum. Levin is executive vice president and head of global strategy for London-based insurance giant Aon plc. “In our increasingly complex, interconnected global society, the decisions that organizations and governments make today have widespread implications for the future,” Levin said in a March 12 Aon press release. “I am honored and humbled to be a part of a diverse and distinguished group of leaders who are committed to using their expertise, knowledge, and networks to address global challenges and positively impact the lives of future generations.”


Not in the Club: An Executive Woman’s Journey Through the Biased World of Business, written by Janet Pucino, ’94, has won the Los Angeles Book Festival Award. Pucino said the book’s inspiration arrived after an alumni weekend when she realized, “Not much has changed. These smart, articulate and educated women continue to face the same workplace challenges as I did over my long career.”


Over the past decade private equity firms have changed their focus to a more hands-on operational stance when it comes to the companies they buy. The industry is “now in an era of operational improvements,” said James Quella, ’81, senior managing director at Chicago-based asset management firm The Blackstone Group Inc., in a March 10 Chicago Tribune article. “You can’t sell a company for profit if it’s not growing.”


C. Max Schmidt, AB ’88, MD ’92, MBA ’92, was named a finalist for the 2013 Health Care Heroes honor in the “advancements in health care” category by the Indianapolis Business Journal. Schmidt was praised for his work as director, Pancreatic Cyst and Cancer Early Detection Center at Indiana University Health. “There are really two windows of opportunity to cure pancreatic cancer,” Schmidt said in a March 1 IBJ article. “One of those is by following patients who present with pancreatic cysts. The other is to follow people who are at-risk for pancreatic cancer because of their family history.”


Andrew Smith, MBA ’88, JD ’88, has written Sand in the Gears: How Public Policy Has Crippled American Manufacturing. In the book Smith examines six areas of public policy—the tax system, health care, the legal system, workers’ compensation programs, government regulations, and labor policy—to try to prove that public policy has poisoned the environment for manufacturing.


David Twardock, ’82, wasn’t happy when Prudential asked him to shift to its re-entry into the commercial mortgage business. “I wanted to be building buildings. I didn’t want to be financing them,” Twardock said in a March 6 Q&A in the Commercial Observer. “It turned out to be the best thing that could have ever happened to me. It was a brand new organization, nobody had any experience doing this for five years, and it gave me an opportunity to really step into a business area with Prudential’s brand and financial backing and do deals as a really young guy. I was 27 years old and I was doing major deals in Chicago.” At the end of March Twardock retired as president of Prudential Mortgage Capital Company.


A new hedge fund is being developed by Adam Wolfberg, ’96, reports FIN Alternatives in a February 22 article. Wolfberg and a cofounder hope to raise $100 million for the inception of New York–based EastBay Asset Management LLC. Wolfberg is chief investment officer and managing member.

CEO Watch: Taking the Lead


Michal Cupa, ’99 (EXP-4)

Ceske Radiokomunikace a.s.
The Czech broadcasting and telecommunications company “is a sound and stable company which has recently successfully undergone substantial changes and has been able to maintain its privileged position…” Cupa said in a press release.


Chris Fanning, ’91

Survey Sampling International
The Shelton, Connecticut-based company provides sampling data collection, and data analytic solutions for survey research, reaching respondents in 78 countries via Internet, telephone, mobile/wireless, and mixed-access offerings. SSI employs 3,100 people worldwide.


Colin Sheridan, ’95
Chair and CEO

IPLogic Inc.
The Latham, New York¬–based information technology company is expanding its leadership in preparation for its next growth phase. Sheridan has a quarter century of tech company experience.


Mark Schuessler, ’88
President and CEO

Doumak Inc.
The Elk Grove Village, Illinois-based company makes marshmallows and marshmallow bits. Schuessler was promoted to the top spot from vice president of sales and marketing.

CEO Watch: Making Headlines


Soujanya Bhumkar, ’99

Cooliris Inc.
After making a name for itself because of its photo sharing app, the company has entered the mobile market in hot pursuit of Asian business. “If (the current) growth momentum continues in China, it will become at least the number two market (for us) in terms of user base this year,” Bhumkar told the Global Times in a March 28 article. Cooliris has partnered with Renren Inc., the Chinese version of Facebook, to launch a Cooliris photo app in Asian markets.


Asif Khan, ’03
Founder and CEO

Caremerge LLC
The Chicago-based start-up coordinates communication and care at senior living communities through mobile and web apps. Khan spent a year in senior facilities to experience firsthand the challenges of the field, said a March 5 Crain’s Chicago Business article.

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