Alumni Connections - No. 11 - June 2005

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

Acorda Therapeutics:
Steven M. Rauscher, '79
, has been elected to the board of directors. The Hawthorne, New York-based biotechnology company develops therapies for spinal cord injury, multiple sclerosis, and related disorders. Rauscher is president and CEO of Oscient Pharmaceuticals.

Bear, Stearns & Co. Inc.:
Macario Lullo, '01
, has joined the investment banking and securities trading and brokerage firm as a managing director. Lullo will work in the company's Chicago office to assist major domestic financial institutions with futures and other interest rate products.

Calamos Asset Management Inc.:
David H. Schabes, AB '79
, MBA '83, has joined the Naperville, Illinois-based company as executive vice president and director of alternative products. He most recently was chairman and CEO of Banc One Capital Markets Inc.

The Children's Place Retail Stores:
Hiten Patel, '99
, has been appointed senior vice president and chief financial officer. He had served most recently as a consultant to the company, which owns more than 1,000 retail stores in North America, including the Children's Place and the Disney Stores.

Cornell University:
Michael Johnson, MBA '80, PhD '83
, has been named dean of the School of Hotel Administration, effective July 1, 2006. He has been a member of the University of Michigan's Stephen M. Ross School of Business marketing faculty since 1982.

Steve Hoffman, '78
, has joined the global management consulting firm as director and president of its newly opened U.S. office. Known as Corven Inc., the Boston-based U.S. group was established in September 2004.

EResearch Technology Inc. (eRT):
John H. Park, AB '89, MBA '93
, has been named to the board of directors of the Philadelphia-based provider of technology and services to the pharmaceutical, biotech, and medical device industries. Park is a partner of Blum Capital, an interested stockholder of eRT.

Exelon Corporation:
William C. Richardson, MBA '64, PhD '71
, has been appointed to the board of directors of the Chicago-based electric utility. Richardson, former president of Johns Hopkins University, has been president and CEO of the W. K. Kellogg Foundation since 1995.

Hawaiian Telcom:
Daniel P. O'Brien, '80
, has joined the Honolulu-based telephone company as chief financial officer. Formerly known as Verizon Hawaii, the company was recently bought by the Carlyle Group. O'Brien has held executive positions with Global Crossing, Genuity, and GTE.

Hirtle, Callaghan & Co.:
William T. Spitz, '74
, has received the investment firm's 2005 Award for Investment Leadership. Spitz is treasurer and vice chancellor for investments at Vanderbilt University, whose business school will receive a cash grant of $50,000 to fund independent capital markets research.

Ibbotson Associates:
Scott Wentsel, '96
, has been named senior portfolio manager. Wentsel will oversee the investment management process and staff and will serve as a member of the investment policy committee of the Chicago-based investment services firm.

Tom McCabe, '92
, has joined the Bannockburn, Illinois-based trade group as chief financial officer and vice president of administration. He is responsible for IPC's financial, human resources, information technology, and customer service functions.

Imperial Energy Corporation:
Denis Capelson, '02
, has joined the company's board as commercial director, based in London. Imperial Energy focuses on oil exploration and production in the former Soviet Union, including Siberia and Kazakhstan.

Jack B. Parson Companies:
Scott Parson, '93
, has been named general manager. The firm is a member of the construction materials suppliers' partnership Staker & Parson Companies, where Parson has worked for 15 years.

KongZhong Corporation:
J. P. Gan, '99
, has been hired as senior vice president of finance. The company provides advanced second-generation wireless interactive entertainment, media, and community services to consumers in China. Gan previously was a director of the Carlyle Group.

Mittal Steel USA:
Michael Rippey, '92
, has been named executive vice president-sales and marketing. He had been vice president-finance and CFO at Ispat Inland, a subsidiary of Ispat International, which merged with LNM Holdings to form Mittal Steel. He has been with the company since 1984.

PCG International:
Gene Pohren, '92
, is one of three leaders hired to manage the new subsidiary of Pacific Corporate Group, an investment management and advisory firm based in La Jolla, California. The new group is based in Washington, DC.

R. R. Donnelley & Sons Company:
Michael J. Graham, '86
, has been named senior vice president and corporate controller of the Chicago-based firm, which is the largest printing company in North America. Graham had served most recently as vice president and controller of Sears, Roebuck and Co.

Sonic Solutions:
David Habiger, '98
, has been promoted to president and chief operating officer of the Novato, California-based digital media software provider. He has been with the company for more than 10 years, most recently as its senior vice president and as general manager of its Roxio Division.

Stanford Group Company:
Javier Warra, '96
, has been named a vice president of the financial services firm's investment banking group. Warra joins Stanford from Citigroup's Smith Barney in New York, where he executed M&A and capital-raising transactions in the consumer, food, and retail sectors.

U.S.I. Holdings Corporation:
C. Jeff Pan, '81
, has been named senior vice president-business transformation, a role that includes chief information officer. Headquartered in Briarcliff Manor, New York, U.S.I. is a distributor of insurance and financial products and services to U.S. businesses.

United Industrial Corporation:
Stuart F. Gray, '83
, has joined the company as treasurer. He had been director of corporate finance for Wm. T. Burnett & Co. and its subsidiary, STX, since 1996. United Industrial Corporation designs, produces, and supports defense systems.

WellGen Inc.:
Raj Dave, '87
, has been named vice president, business development, for the biotechnology company, which uses nutritional genomics to discover and develop plant-based wellness products. Before joining WellGen, Dave was vice president of business development at Ferring Pharmaceuticals.

Alumni to Know

Watts S. Humphrey, SM '49, MBA '51, received the National Medal of Technology in February from President George W. Bush. The highest honor for innovators in the U.S., the award recognizes the contributions of the 77-year-old "father of software quality." Humphrey developed the SEI Capability Maturity Model (CMM), which helps developers produce software code efficiently, on schedule, and with fewer errors. Users include the U.S. Defense Department, Microsoft, and IBM, as well as many players in the Indian software industry. According to the May 9 Business Week Online, Humphrey is now developing the Team Software Process (TSP) and the Personal Software Process (PSP), which refine code writing further-from 20,000 errors to 60 errors per million lines of code.

James Squyres, '64, has conducted a study showing that investors can improve their portfolio's performance by analyzing not only price histories but also the valuations of the stocks that the funds own. Working with Standard & Poor's to analyze more than 2,000 equity funds, Squyres found that mutual fund ratings services often assign funds to the wrong categories-for example, so-called value funds often look like growth stocks on closer examination. Squyres is president of Darien, Connecticut-based investment research firm Buyside Research, which has a patent pending for the software it has designed to conduct its analysis. Squyres's approach, which he calls fundamental analysis of funds, was featured in the "Business/Mutual Funds" section of the New York Times on April 10.

Richard Greco Jr., '96, assistant secretary of the U.S. Navy, was scheduled to be the keynote speaker May 5 at ceremonies in Florence honoring the 60th anniversary of the end of the Italian campaign of World War II. Greco, founder of the Montfort Academy, a classical high school for boys in Westchester County, New York, was a vice president and managing director at Stern Stewart before entering government service. He was appointed a White House Fellow in 2002 and later served as director of private sector development for the Coalition Provisional Authority representative's office in Baghdad, Iraq. In October 2004 he was sworn in as comptroller of the navy and leader of the department's Office of Financial Operations.

Mikhail Potapov, EXP-7 ('02), was interviewed recently for an official Russian government newspaper about the need to modernize manufacturing facilities in the country's Vladimir region. Potapov, who was the first president of the GSB alumni club in Moscow, is chief executive officer of Imbera Asset Management. In the interview, Potapov described the turnaround under way at Russia's oldest excavator plant, Kovrovets, which Imbera has managed for the last two years. He also discussed a proposal to establish an "association of machine-building enterprises" that would obtain funding to upgrade production facilities and improve the quality of constituent machine parts, increasing competitiveness with foreign producers. A transcript of the interview appeared in Rossiyskaya Gazeta on April 13.

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