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Alumni Connections - No. 37 - August 2007

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 editor@chicagobooth.edu.

Alumni on the Move

Affymetrix:
John Batty, ’82, has been named CFO and executive vice president. Based in Santa Clara, California, the firm makes products and systems to identify, analyze, and manage genetic data used by firms in the biotechnology and health care markets.

ARC International:
Steven Gunders, ’69, has been appointed to the board as a nonexecutive director. He will chair the remuneration committee and join the audit committee. Gunders was global lead consulting partner at Deloitte Consulting. ARC offers configurable processor technology and computer subsystems and is headquartered in St. Albans, England.

Avid Technology, Inc.:
John Park, AB ’89, MBA ’93, has been elected to the board as a Class I director. Based in Tewksbury, Massachusetts, the firm makes digital editing and professional audio systems used by the film, music, and television industries. The company’s products and services have received Academy, Grammy, and Emmy awards. Park is a partner at Blum Capital.

Baker & McKenzie LLP:
Robert Tarun, ’82, has joined as partner in the investigations and business crimes practice of the firm’s North American litigation practice group in the Chicago headquarters and San Francisco office.

Bedford Funding:
Stephen Day, ’96, has been appointed senior partner. Based in White Plains, New York, the private equity firm specializes in investments in consolidating and fragmented technology.

BET Networks:
Michael Armstrong, ’02, has been appointed senior vice president and general manager of the international division. He is overseeing BET International’s restructuring and brand expansion. The New York–based media company offers entertainment, music, news, and public affairs television programming for the African American audience.

Convergys:
Richard Wallman, ’74, has been named to the board. Based in Cincinnati, the company offers such business process outsourcing services as customer care, human resources, and billing. Wallman is a former senior vice president and CFO for Honeywell International.

Caris & Company:
Mike Gilman, ’80, has been appointed managing director, institutional sales. He will be based out of the investment bank’s West Coast offices. The firm is headquartered in Del Mar, California.

The Carlyle Group:
Rakesh Kaul, ’76, has joined as senior advisor to the consumer and retail investment team at the New York–based global private equity firm. Kaul also joins the board of directors of Oriental Trading Company, a Carlyle portfolio firm that sells party supplies and novelties.

Dresner Partners:
Vincent Pappalardo, ’94, has joined as managing director of the middle-market investment bank, which is based in Chicago.

Duff & Phelps:
Andreas Stoecklin, ’06 (EXP-11), has joined the office in Munich, Germany, as a vice president. The leading, independent advisory firm is headquartered in New York.

FinishMaster, Inc.:
George Rickus, ’00, has been promoted to vice president, industrial business. Rickus had been leading the development and growth of the industrial segment since 2005. Headquartered in Indianapolis, the company is the leading national distributor of automotive paints, coatings, and accessories in the automotive collision repair industry.

Fluor Corporation:
Peter Barker, ’71, has been elected to the board of directors. Based in Irving, Texas, Fluor specializes in industrial goods and heavy construction. Barker is retired from Goldman Sachs, where he served as a partner and supervised banking at the Los Angeles and San Francisco offices.

Gerdau Ameristeel Corporation:
Terry Sutter, ’92, has been named vice president and chief operating officer. The company, which operates a steel mini-mill, is based in Tampa, Florida.

H.B. Fuller Company:
Fabrizio Corradini, ’96, has joined as vice president and chief strategy officer. Based in St. Paul, Minnesota, the company makes and markets adhesives, sealants, paints, and other specialty chemical products.

Konarka Technologies, Inc.:
Howard Berke, ’78, cofounder, former chairman, and CEO, has been named executive chairman of the board. The company develops polymer photovoltaic technology, using a plastic material to convert light to energy and generating a renewable power source. It is headquartered in Lowell, Massachusetts, with European headquarters in Nuremberg, Germany. 

Lung Cancer Alliance:
Adrienne Halper, ’83, has been named to the board of directors of the nonprofit advocacy organization, which is based in Washington DC. Halper is former managing director of various private equity funds.

McKinsey & Company:
Stacey Madge, ’98, has been elected a principal and is based in the Toronto office of the global management consulting firm. Madge, who joined in 1998, leads the firm’s North American consumer and small business banking practice and its North American life and wealth management practice. McKinsey is headquartered in New York.

Mallett PLC:
Eloy Michotte, ’72, has been appointed to the board of directors as a nonexecutive director. The firm sells antique furniture and works of art in London and New York. He is corporate finance director of Compagnie Financiere Richemont SA, a leading global luxury goods company.

Marsh Inc.:
Mark McGivney, ’96, has joined as CFO of the New York–based insurance broker and business-risk advisor. It is a unit of Marsh & McLennan Companies.

Shang Hua Holdings Limited:
Flynn Xuxian Huang, ’02, executive director, has been appointed chairman. Based in Hong Kong, the electronics company specializes in trading computer-related products and phones.

Tasker Products Corp.:
Timothy Lane, ’77, has been named to the board of directors of the Danbury, Connecticut­–based firm, which makes chemical products used in the animal farming industry. Lane is CEO of Everest Advisors.

3M:
Marschall Smith, ’87 (XP-56), has joined as general counsel and senior vice president of legal affairs. Based in Maplewood, Minnesota, 3M makes products for the consumer, office, electronics, telecommunications, and display and graphics industries.

Volcano Corp.:
John Onopchenko, ’93 (XP-62), has been appointed to the board of directors. Based in Rancho Cordova, California, the firm makes ultrasonic catheter systems that cardiologists use to evaluate the condition of coronary arteries and to guide treatments for heart disease. Onopchenko is founder and managing director of Synergy Life Science Partners LP, a venture capital firm based in Portola Valley, California.


Alumni to Know

Ka-Keung C. Chan, PhD '85, has been appointed as the Secretary for Financial Services and the Treasury of the Government of the Hong Kong Special Administrative Region. He will be one of 12 ministers in the cabinet of Hong Kong's Chief Executive. His responsibilities will include delivering an annual budget to the Legislative Council, outlining the government's budgetary proposals and moving the appropriation bills. He plays a key role in developing and implementing economic policy. Chan reports he feels "honored to have this opportunity to serve my city yet humbled by the significant calling."

Prior to his appointment, Chan was the dean of School of Business and Management at the Hong Kong University of Science and Technology. During his five year term, he will remain a faculty member on leave at HKUST.


“New Orleans defines who I am,” Arnold Donald, ’80, CEO of the Juvenile Diabetes Research Foundation International, told the New York Times in a June 24 first-person profile. Donald “grew up poor, in the Ninth Ward, in a rough neighborhood that was wiped out by Hurricane Katrina.” His dad waited tables at formal balls in hotels when carpentry work was scarce. His mother was “everything from a domestic to a teacher.” Over summer break during college, Donald worked at Monsanto, which offered him a job contingent upon graduation. “I said that if I took the job, I wanted to be based in Chicago to go to the University of Chicago business school.” While working in industrial chemical sales in Chicago for Monsanto, his supervisor wouldn’t call Donald by his right name because past employees move on before they could contribute to the company. Consequently, Donald told the Times, the supervisor would call him by the name of another African American who had left. “I was mature enough to know it wasn’t personal.” Given the largest account in the territory, which the company was about to lose anyway, Donald made the most of a sales visit while accompanied by his boss. “I gave a presentation that showed how the client could make a ton of money, and the buyer brought in the company president to hear me. Afterward, the buyer turned to my boss and said, ‘Do you realize this guy just saved the account?’ My boss said, ‘That’s why we hired Arnold.’ It was the first time he used my name. We became close after that.”


John Edwardson, ’72, was named in a June 18 Chicago Sun-Times article as one of six chief executives to make a “recruiter’s dream team.” The team was chosen by one of North America’s top executive search, recruiting, and placement firms. Edwardson heads CDW Corp., the Vernon Hills, Illinois–based, company that markets computer technology products. “Executives with battle scars are rare and desirable,” the recruiter said in the article. “Recruiting a senior executive who’s fought and won commercial wars is a huge asset when it comes to winning market share. And Edwardson has won big for shareholders and employees, forging a $7.3 billion buyout of CDW by Chicago-based private equity firm Madison Dearborn Partners.” The recruiter pointed to Edwardson’s office collection of medieval armored helmets and swords as “the first clue to his work ethic. He has identified the enemy and prepared his troops for success.” Included in the article’s listing of Edwardson’s “stellar” civic credentials is membership on the Council on the Graduate School of Business.


Johnsee Lee, ’86, president of the Industrial Technology Research Institute of Taiwan, is hailed as “Taiwan’s tech tsar” in an article in Computer Business Review Online on June 18. The article said Lee is driving the Taiwanese tech industry’s attempt to reinvent itself from a center of low-cost electronics manufacturing to one of innovation. Lee’s company produces about three tech patents a day and spins out half a dozen tech firms a year, the article said. When asked about the country’s biggest obstacle to playing on the enterprise information technology stage, Lee said, “Because most of these products are more sophisticated than consumer IT and require even more technology, I think to be able to partner with international players will be very important.”


Robert Steel, ’84, United States Treasury Department’s undersecretary of domestic finance, said in a June 18 article in the Financial Times that the United States stands against “fuzzy” codes of conduct for hedge funds proposed by European leaders. Instead, the Treasury backs a set of principles and guidelines it laid out in February. “The Treasury’s concerns over a voluntary code are that some in Europe have suggested it include an element of enforcement,” the article said. Steel countered that the idea “seems a bit at odds with a voluntary code.” In a news analysis in the same edition, Steel called the Treasury’s voluntary guidelines for hedge funds “the benchmark regulatory perspective for hedge funds around the world.” Steel also responded to rumblings about U.S. capital markets losing ground to those in London. Capital market competitiveness has become “a cornerstone initiative or ambition” for the Treasury, Steel said.


Submit information about yourself or fellow alumni to editor@chicagobooth.edu.