Alumni Connections - No. 32 - March 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

Advance America, Cash Advance Centers, Inc.
J. Patrick O’Shaughnessy, ’92, has been appointed CFO and executive vice president. He also has joined the board of directors. Based in Spartanburg, South Carolina, the company runs about 2,900 centers that loan cash in advance of paychecks and provide credit to consumers.

Amber Capital
Peter Maenhout, ’07 (EXP-12), has joined as managing director in Brussels, Belgium, where he is setting up an office for the firm. The New York-based hedge fund focuses on equity in the United States and Europe.

AMCORE Financial, Inc.
Donald Wilson, ’85, has been appointed president and chief operating officer. Previously he was CFO. Headquartered in Rockford, Illinois, the firm is the holding company for AMCORE Bank, which operated about 80 banks in northern Illinois and south central Wisconsin.

AMIS Holdings, Inc.
J. D. Sherman, ’90, has been named to the board of directors and will serve on both the auditing committee and the nominating and corporate governance committee. Based in Pocatello, Idaho, the company is the parent of AMI Semiconductor, which designs and makes mixed-signal and digital products for the automotive, medical, industrial, and military/aerospace industries. Sherman is CFO of Akamai Technologies.

Angiotech Pharmaceuticals, Inc.
Laura Brege, ’82, has been appointed to the board of directors. The company, which makes drugs and medical devices, is based in Vancouver, British Columbia. Brege is executive vice president and chief business officer of Onyx Pharmaceuticals, Inc.

Aphelion Global Equity Market Neutral Fund
Raymond Pierre Joubaud, ’96 (EXP-1), has been appointed director. The fund trades in equity markets in the United States, the United Kingdom, Europe, and Japan.

AppTrigger, Inc.
Niel Ransom, ’86 (XP-55), was named to the firm’s newly formed advisory council. Based in Richardson, Texas, the company develops software for the telecommunications industry. Ransom has worked in the industry for more than 32 years, including management positions at Alcatel.

Assurant, Inc.
Christopher Pagano, ’95, has been promoted to executive vice president and treasurer. He will retain his role as president and chief investment officer, Assurant Asset Management. The specialty insurance firm is based in New York.

Caesar Systems
Donald Zmick, ’88, has joined as vice president of client services. The Houston-based firm makes business-simulation software and offers training and onsite consulting.

Career Education Corporation
Michael Graham, ’86, has joined as executive vice president, CFO, and treasurer. Based in Hoffman Estates, Illinois, the company owns specialty schools and colleges.

Caribou Coffee Company, Inc.
Gary Graves, ’86, has been appointed to the board of directors for the Minneapolis-based company, which operates gourmet coffeehouses throughout the United States. Graves recently was president and CEO for La Petite Academy, a preschool company.

Ceterus Networks
Jeffrey Havlock, ’00, has joined as CFO. Based in Richardson, Texas, the firm makes products that enable Ethernet transmission over existing copper and fiber networks.

Comerica Incorporated
Anthony Caudle, ’94, has been promoted to managing director of the corporate investment banking group. Previously he was business development officer, corporate finance. The banking and financial services company is headquartered in Detroit.

Deutsche Bank Securities Inc.
David Platt, ’92, has joined as a managing director in the global banking division’s mergers and acquisitions group in the Americas. Based in New York, the firm is the investment banking and securities arm of Deutsche Bank AG.

Dia Bras Exploration Inc.
Eduardo Gonzalez, ’97, has been appointed to the board of directors. Headquartered in Montreal, the mining company explores for precious and base metals in northern Mexico. Gonzalez is CFO for a privately held biofuels company.

Doral Financial Corporation
Paul Makowski, ’76, has been appointed executive vice president and chief risk officer. Based in San Juan, Puerto Rico, the company offers diversified financial services.

Hayes Lemmerz International, Inc.
James Yost, ’74, has been promoted to executive vice president and CFO, a newly created position. Yost previously was vice president, finance, and CFO. Based in Northville, Michigan, the company makes wheels, brakes, and power train components.

Anne Alonzo, ’00 (XP-69), has been appointed vice president, global public policy. After she works in the food company’s headquarters in Northfield, Illinois, for several months, Alonzo will join its new office in Washington DC.

Medio Systems
John Kim, ’99, has been appointed to the newly created position of product management and marketing. The Seattle-based firm provides mobile phone search systems and advertising services.

Milestone Scientific, Inc.
Arthur Goldberg, ’82, has been named acting CFO. The medical and dental technology company is headquartered in Livingston, New Jersey.

Munchkin, Inc.
Margaret Hardin, ’96, has been promoted to president. Hardin previously was CFO and chief operating officer. Based in North Hills, California, the company makes products for infants and toddlers.

ORIX Venture Finance
Jeffrey Bede, ’98, has joined as principal. Based in New York, the company specializes in enterprise financing for mid- to late-stage companies backed by venture capital.

RBS Securities Japan Ltd
Kenji Yamamoto, ’90, has been named managing director and head of financial institutions relationship management. A division of the Royal Bank of Scotland, it provides debt financing, risk management, and investment services to corporate and financial institutions.

Shutterfly, Inc.
Kathryn Olson, ’87, has been named chief marketing officer. Headquartered in Redwood City, California, the internet-based firm specializes in digital photo products and services for consumers and professional photographers.

WaterPartners International
Dan Hoskins, ’92, has been appointed to the board of directors. Based in Kansas City, Missouri, the nonprofit organization works to provide clean drinking water to developing countries. Hoskins is a partner at Crescat Partners, LLC.

Wasatch Advisors
Noor Kamruddin, ’99, has been named lead portfolio manager of the global science and technology fund. Wasatch, an employee-owned investment advisor, is based in Salt Lake City.

West Florida Regional Planning Council
Rob Mahan, ’83, has been hired as a regional transportation planner. He will be working with the Bay County Transportation Planning Organization in Panama City, Florida, in support of the Bay Town Trolley.

Alumni to Know

Lindsay Androski Kelly, MBA ’05, JD ’05, was featured in U.S. News & World Report’s September 3 cover story about a new generation of American mothers and businesswomen. Kelly, on track to become partner at her Washington DC law firm, is cited as an example of women who negotiate flexible work schedules. “As long as you get everything done and meet the clients’ needs, you can work whatever time of day you like,” Kelly told U.S. News about her firm’s flex time policy. When she comes back from maternity leave, Kelly will return to logging part of her 55-hour workweek at home so she can spend more time with her children, the article said.

Daniel Obrycki, ’91, and Rafael Resendes, ’94, who founded a seven-year-old company, Applied Finance Group, were featured in an August 10 article in Real Clear Politics when their clients were polled on their predictions about everything from equity market performance to who will become the next United States president at the firm’s annual meeting. Among the results: 47 percent of the 130 attendees said they were less optimistic today about equities than they were last year, 27 percent said they feel the same as last year, and 24 percent are more bullish now, the article said.

Obrycki and Resendes founded AFG in 1995 because they were unsatisfied with traditional measures of stock valuation, the article said. “Their research led them to what they call an economic margin framework, which corrects the various distortions and flaws that reveal themselves with traditional ‘as reported’ accounting figures,” the story said. “Incorporating the widely accepted economic principle that competition gradually erodes excess returns over time, Resendes and Obrycki built a market-outperforming valuation metric that has attracted more than 175 institutional clients managing over $350 billion in U.S. equities alone from around the world.”

Gene Saffold, ’79, managing director and head of public finance investment banking for JPMorgan Securities in Chicago was profiled about his career path in a June 3 article in the Chicago Tribune. JP Morgan Chase acquired First Chicago, where Saffold first worked while at the GSB. “I really liked working in corporate finance at First Chicago,” Saffold told the Tribune. “Because the bank was precluded by the Glass-Steagall Act from doing a lot of corporate bond work, I realized I’d have to leave there if I wanted a corporate finance career.” While pursuing that career, Saffold had founded Young Chicagoans for Harold Washington and served as its treasurer. Washington became mayor while Saffold worked as an associate at SmithBarney and “learned the basics, the keys, to being a good investment banker.”

Tim Chen, MBA '91, was named CEO of NBA China, according to today's Wall Street Journal. Previously he was CEO of Microsoft's Greater China unit. NBA China was created to expand the presence of the National Basketball Association in China. "Mr. Chen is familiar with American business practices from his time in the U.S. earning an executive MBA at the University of Chicago," the article said.

CEO Watch: Taking the Lead

Brady Dougan, ’82
Credit Suisse

Dougan doesn’t fear that a recent freeze of mortgage-backed securities will affect confidence in other structured products over the long term, he told the Financial Times in an August 17 article, which was excerpted from an video interview. “Corporate credit markets are clearly in a period where they’re trying to find a price equilibrium,” Dougan told the Times. “Some business is getting done…and hopefully in the near future we’ll have markets that are back to functioning.” He said in the long run subprime business will be a “big market,” as will quantitative funds. Also, a lot of the “tremendous” global wealth creation over the past couple of years “remains in liquid form, and I think there will be a lot of people out there who are ready to take advantage of the situation” and move the liquidity into value creation, he said.

CEO Watch: Making Headlines

Neal Cohen, ’84
Executive Vice President-Strategy for international operations and CEO for Regional Airlines
Northwest Airlines

Cohen previously was executive vice president and CFO of the airline, which is headquartered in Eagan, Minnesota.

Neal Keating, ’88 (XP-57)
President and Chief Operating Officer
Kamen Corp.

Keating joined the firm and will be appointed CEO by January 1. Based in Bloomfield, Connecticut, the company distributes aerospace and industrial parts.

Siddharth "Bobby" Mehta, ’81
CEO and President

The Chicago-based company specializes in marketing services, fraud and identity theft management, risk management, and collections management. It also runs an online service to help consumers manage credit health and achieve financial goals.

Todd Simmons, ’95
CEO and President

Simmons has been promoted from vice president and chief operating officer of the aircraft company, which is based in Yakima, Washington.

Scott Spiker, ’84
First Command Financial Services

Spiker has the financial planning firm, which is headquartered in Fort Worth, Texas.

John Russell, ’84
President and CEO
Maysteel, LLC

Russell will head up the firm. Based in Menomonee Falls, Wisconsin, the company manufactures precision metal enclosures, assemblies, and systems used in electronics, power distribution, and industrial markets.

Peter Thompson, ’00
President and CEO
Chicago Asset Management

A former executive at Ariel Capital Management, Thompson agreed last spring to acquire Chicago Asset Management for an undisclosed price, and was named president and CEO of the firm, which manages about $600 million in institutional and private client assets. Thompson also was named to the investment committee. He was an executive vice president at Ariel Capital until April 2006, when he left to serve as the finance director of Chicago Mayor Richard Daley's re-election committee.

Submit information about yourself or fellow alumni to