Alumni Connections - No. 41 - December 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

Alumni on the Move

Abu Dhabi Tourism Authority
Dayne Lim, '07 (AXP-6), was named product development director. Lim previously worked at the Singapore Tourism Board for 12 years, where he oversaw international operations as well as the attractions and cruise sectors.

Mark Pinney, '82, has been named head of business planning for the Platform A division. Recently formed, Platform A was designed to offer advertisers access to targeting and measurement tools. Pinney was CFO and chief privacy officer at TACODA, which AOL recently acquired. AOL is headquartered in New York.

Bank of America
Mark Sander, '83, has been named Midwest region commercial banking executive. The financial institution is based in Chicago.

BioReliance Corporation
Darryl Goss, '01 (XP-70), has joined as vice president of global process excellence. Headquartered in Rockville, Maryland, the firm provides testing, development, and manufacturing services for the biopharmaceutical and pharmaceutical industries.

Brunswick Acceptance Company
Scott Danahey, '87, was named general manager of the firm, a joint venture between GE and Brunswick Corporation, the leisure company known for bowling and boats. Danahey handles financing for Brunswick's marine dealers. Brunswick is headquartered in Lake Forest, Illinois.

CA, Inc.
Marc Stoll, '02, has been named senior vice president and corporate controller. Based in Islandia, New York, the information technology firm makes management software.

The Cambridge Group
Carrie Shea, AB '87, MBA '90, has been named a principal at the Chicago-based consulting group.

Thomas Bluth, '97, has been named vice president, Asia Pacific manufacturing operations. Bluth previously was managing director, Caterpillar France. Based in Peoria, Illinois, Caterpillar is the world's largest manufacturer of construction and mining equipment.

David Chen, '89, joined the firm as vice president of finance and administration. Based in San Carlos, California, it provides support for call centers.

Clarkson University
Nancy Kin, '90 (XP-59), has been appointed CFO. The private university is located in Potsdam, New York.

Niel Ransom, '86 (XP-55), has been named to the board as an independent director. The company makes subsystems for optical networks used in information technology and telecommunications. It has headquarters in Manchester, New Hampshire, and Nuremberg, Germany. Ransom was chief technology officer for Alcatel.

Cushman & Wakefield
Laura Quayle, '91, has joined as director to the global real estate firm's office brokerage group. Quayle is based in the firm's Rosemont, Illinois, office. The firm is headquartered in New York.

Eaton Vance Corp.
Payson Swaffield, '83, has been appointed chief income investment officer. The Boston-based firm manages investments.

EFJ, Inc.
Massoud "Max" Safavi, '76, has been named to the newly created position of chief operating officer. Headquartered in Irving, Texas, the firm is the parent of wireless telecommunication companies that make radio and security systems for police departments, government agencies, the military, and cellular service providers.

Jay Geldmacher, '91 (XP-60), has been named executive vice president and will serve as a business leader for the Emerson Network Power business platform. The power, technology, appliance, and tools company is based in St. Louis.

ITA Software
Venkat Chandramoleshwar, '99, country manager, India, has been named to an expanding business development management team. Based in Cambridge, Massachusetts, the company develops airline information technology, including an airfare pricing and shopping system.

Lake Capital
Anthony Broglio, '04, has been named a principal at the Chicago-based private equity firm, which invests in service-based companies in various industries. Broglio also joined the firm's newlyformed executive committee.

James Boyle, '93, has joined as CFO. The medical device company is based in Lincolnshire, Illinois.

Nixon Peabody LLP
Karen Greenbaum, '02 (XP-71), has joined the New York¬-based international law firm as chief operating officer and managing director.

Peerless Manufacturing Company
Charles Mogged Jr., '84, has been appointed vice president for manufacturing and supply chain management for the Dallas-based company. Peerless makes specialized products for air pollution abatement and for the separation and filtration of contaminants from gases and liquids.

Phenomix Corporation
John Crawford, '79, was named CFO. Headquartered in San Diego, the firm develops drugs to treat diabetes and hepatitis C.

PrivateBancorp, Inc.
Karen Case, '86, has joined the investment bank as president of commercial real estate banking at The PrivateBank-Chicago.

Public Radio International
Javier Escobedo, '01 (XP-70), has been named to the board of directors. Based in Minneapolis, the public radio producer provides more than 400 hours of programming each week through its partnerships with BBC World Service and station-based and independent producers. Escobedo founded OLE, an ad agency that focuses on the Hispanic market in the United States.

R.R. Donnelley & Sons Company
Miles McHugh, '93, has been appointed executive vice president and CFO, and Andrew Coxhead, '98, has been promoted to senior vice president, controller, and chief accounting officer. The commercial printing company is based in Chicago.

Suntech Power Holdings Co., Ltd.
Kristina Peterson, '90, has joined as director, structured finance, of Suntech America, based in the company's U.S. headquarters in San Francisco. Suntech Power makes photovoltaic solar cells and solar electric systems for public utilities and residential, commercial, and industrial customers.

Alumni to Know

Mike Graham, '86,was profiled in Crain’s Chicago Business in October for what he brings to Career Education Corporation, where he has been CFO since September. The firm, based in Hoffman Estates, Illinois, is the world’s largest on-campus provider of private, for-profit postsecondary education with more than 80 campuses in the United States, Canada, France, the United Kingdom, and the United Arab Emirates. Graham told Crain’s his strong suit is leading large teams of financial professionals. “I bring big-company skills without the bureaucracy and politics that sometimes come with it,” he said.

"Successful managers should never put their people in 'agency mode,'" Bill Henry, '81, CFO and chief operating officer of Niles, Illinois-based Affy Tapple, told the Chicago Tribune in an October 28 article about his career path. "That's when you direct people so much, they stop thinking independently. They act like an agent, not like a principal in control of things. People taking initiative need to be encouraged to take risk, not criticized for failure." An executive took a chance on Henry when he was working in computers at International Minerals and Chemical, and asked him to do a financial simulation for his next capital project. "I did, and the next thing you know I started getting invited to all these big meetings with senior executives," Henry told the Tribune. "I became fascinated with finance. That's when I decided to return to school for an MBA."

When it comes to the future of 3D in the digital age, Chris Johnson, '98,and Dreamworks Animation’s Jeffrey Katzenberg agree that it’s poised to make a comeback. Johnson and Katzenberg were among panelists who promoted the technology at a movie industry conference in Hollywood last fall. Johnson, vice president of Chicago-based Classic Cinemas, found success at the box office after installing three 3-D screens in his 12-cinema chain. When Johnson showed “Meet the Robinsons,” two 3-D showings grossed more than $101,000 during its run, while a single 2-D screening in the same multiplex grossed about $21,000 for the same period, according to Variety. “It certainly delivers an audience and can invigorate the exhibition industry,” Johnson told the audience, according to the Hollywood Reporter.  Katzenberg said his firm is investing heavily in 3-D through higher production costs that run about $15 million per film. He’s hoping there will be 6,000 3-D screens in the country by March 2009 when Dreamworks releases ‘Monsters vs. Aliens,’ the Hollywood Reporter said.

James Kilts, '74,is hailed as “one of the most successful corporate CEOs of our time,” in a November 15 article in the Chicago Sun-Times. Kilts has written a new book called Doing What Matters: How to Get Results That Make a Difference–The Revolutionary Old-School Approach, which the newspaper hailed as “an insightful account of how to manage in today’s global business” and a “must-read for anyone who wants to achieve in business. Students seeking a business career should devour it. Young managers should take it to heart. Mid-level and senior executives should use it to benchmark their own performance.” Kilts has held executive positions at Nabisco, Gillette, Kraft, and General Foods. But his career nearly stalled at the start when, as a Chicago-based materials manager, he failed to order enough cartons to keep the Kool-Aid plant running, the article said. Warned by a plant manager that he might be fired, “Kilts did what mattered,” the article said. “He called his supplier, rolled up his sleeves, and unloaded a truck of cartons that night. The line kept running, and Kilts kept his job.”

At a time when the stock market can rise or fall based on the latest words of a Federal Reserve official, William Poole, MBA '63, PhD '66,president of the Federal Reserve Bank of St. Louis, is not afraid to speak out. An October 29 article in the Wall Street Journal said Poole “stands out as a maverick” and is “known for making off-the-cuff, market-moving remarks about the economy—including one in August that the Fed could wait until the next month to move on interest rates, barring a ‘calamity.’” That comment sent stocks down, but two days later the Fed lowered the separate discount rate, and stocks surged. Poole told the Journal it’s important “to convey information to the market, but at the same time not to be a loose cannon, not to be a random disturbance. I’ve concentrated on trying to improve market understanding of the policy process.” Poole has let his own policy stances be known: “Mr. Poole has played a role in pushing the Fed toward loosening,” the article said. “He was recently ahead of colleagues in arguing that the risks to the economy were shifting away from inflation to a more equal balance between risks on the growth and inflation fronts.” In addition, Poole “is adamant in public statements that investors should pay the price for bad bets,” the article said. And according to Macroeconomic Advisers LLC, a St. Louis forecaster, Poole’s speeches “moved the bond market last year more than those by any other Fed official except (Ben) Bernanke,” the article said.

Russell Read, AB '84, MBA '87,chief investment officer of Calpers, has been appointed by the Bush administration to help create guidelines for best practices for hedge funds. Read will chair a committee of investors. A September 26 article in the Financial Times said that the appointment by the president’s working group on financial markets was made “to formulate a private sector-led response to concerns about the activities of hedge funds and avoid potentially draconian regulations.” The article said Read’s position with Calpers is “regarded as one of the most influential jobs in U.S. capital markets.” Read also was mentioned in an October 29 article in the Wall Street Journal about climbing pay for pension fund runners. Read could earn as much as $971,880 this year if he receives the maximum bonus, Calpers told the newspaper.

After 20 years in strategic planning, marketing, and sales roles around the world, Sarah Richardson, '87,started her own consultancy in Perth, Australia, in 2004. “What I like about running my own business is that you get to do very similar work [as you do working for corporations] but across a number of different industries and different clients. I like the client contact and the flexibility of being my own boss,” Richardson said in a September 27 article in Western Australian Business News. The article described a study by researchers from Murdoch University Business School, Bond University, and Oregon State University that showed self-employed business owners are happier than salary-earning counterparts, with higher levels of life and job satisfaction. Richardson said the survey findings agreed with her own experience and what she knew of others’ through her work as a consultant to small- and medium-sized business owners, the article said.

Jill Smart, '91 (XP-60),was named to the 2007 HR honor roll of Human Resource Executive. The online magazine said, “With a unique perspective and a full measure of motivation, Smart has changed the way HR works at Accenture,” where she is chief human resources officer. Smart spent 20 years at the firm as a consultant working with clients in the financial services, government, transportation, and health services industries before she was tapped by the CEO to take on the top HR post. Since 2000, she has established “more global and diversified training programs to match the expansion and diversity of the company,” among many other accomplishments, the magazine noted. “HR is absolutely a business partner at Accenture now,” Smart said.

The unusual first name of Shundrawn Thomas, '99, is far from his only uniqueness, said a November 5 profile of him in Crain’s Chicago Business. Thomas, head of corporate strategy for Chicago-based Northern Trust Corp., is building a new South Side church and has written three books on Christian themes. Thomas joined Northern Trust in 2004, having worked at Goldman Sachs Group in Chicago and Morgan Stanley in New York. “What’s vaulted Mr. Thomas is a keen and charismatic intellect, high level of energy, and willingness to question conventional wisdom, says John Mooore, principal at William Blair & Co. and Mr. Thomas’s mentor when both were at Goldman Sachs,” Crain’s said.

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.

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