Alumni Connections - No. 61 - August 2009

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

AACSB International
Howard Thomas, ’66, has been named chairman of the board of directors. The Tampa-based Association to Advance Collegiate Schools of Business is an accrediting agency for bachelor’s, master’s, and doctoral degree programs in business administration and accounting. Thomas is dean of Warwick Business School and Professor of Strategic Management at the University of Warwick in the United Kingdom.

Actel Corporation
Maurice Carson, ’89, has joined as executive vice president and CFO, effective August 17. Based in Mountain View, California, the company makes low-powered and mixed-signal semiconductors, which are known as field-programmable gate arrays.

Brown-Forman Corporation
Ernie Patterson, ’08 (XP-77), has been appointed director, family shareholder relations. The Louisville, Kentucky–based distiller makes and markets such products as Jack Daniel’s, Southern Comfort, Finlandia, Canadian Mist, Fetzer, and Korbel.

George Carranza, ’01 (XP-70), has been appointed chief operations officer. Based in Bedford, Texas, the company is an industry leader in property contents valuation and inventorying services for the insurance industry.

Columbia Laboratories, Inc.
Lawrence Gyenes, ’83 (XP-50), has been appointed senior vice president, CFO, and treasurer. Headquartered in Livingston, New Jersey, the specialty pharmaceutical company develops women’s healthcare and endocrinology products.

Committee of Sponsoring Organizations
David Landsittel, ’64, has been named chairman. The voluntary private sector organization aims to improve the quality of financial reporting through business ethics, internal controls, and corporate governance. Based in Altamonte Springs, Florida, the committee is made up of the American Accounting Association, the American Institute of Certified Public Accountants, Financial Executives International, the Institute of Management Accountants, and the Institute of Internal Auditors. Landsittel is a consultant to accounting firms.

Dawson James Securities, Inc.
Robert Wasserman, ’82, has joined as director of research. The investment banking firm is headquartered in Boca Raton, Florida.

Decas Cranberry Products, Inc.
Charles Dillon, ’77, has been appointed chief operating officer. Dillon will become president and CEO on January 1, 2010. Based in Carver, Massachusetts, the company grows and markets cranberries.

EXMIN Resources Inc.
William Aldrich, ’86, has been appointed to the board of directors and will serve on the audit committee. The mining company is headquartered in Vancouver, British Columbia, Canada. Aldrich is president, CEO, and director of Grand Central Silver Mines.

FirstService Commercial Real Estate
Dylan Taylor, ’98, has joined as president, U.S. operations. The Seattle-based firm offers consulting, property valuation, and other services in commercial real estate and residential property management.

Robert Kody, ’05 (XP-74), has joined as general manager of the firm’s dental business. Headquartered in Research Triangle Park, North Carolina, the company offers a method of scanning objects into 3D digital representations, known as DSSP, for such industries as automotive, aerospace, medical devices, and consumer products.

Hartford Financial Services Group, Inc.
Jeff Lange, ’91, has been promoted to regional vice president of the Chicago regional office from branch vice president in Houston. The insurance-based financial services firm is headquartered in Hartford, Connecticut.

Hewitt Associates
Judson Green, ’76, has been appointed to the board of directors. Based in Lincolnshire, Illinois, the consulting firm administers such plans as human resources, health care, retirement, and payroll. Green is vice chairman and former chairman and CEO of NAVTEQ Corporation, a subsidiary of Nokia.

Kratos Defense & Security Solutions, Inc.
William Hoglund, ’77, has been appointed chairman of the board. The San Diego–based company offers engineering, information technology, and weapons system support services for the federal government and state and local agencies. Hoglund is a member and manager of Safe Boats International, LLC.

Narus, Inc.
Paul Farmer, ’82, has been appointed CFO. Headquartered in Sunnyvale, California, the company manages and protects large Internet protocol networks.

Novavax, Inc.
Stanley Erck, ’76, has been appointed to the board of directors. The biotechnology company is based in Rockville, Maryland. Erck was president and CEO of Iomai Corporation.

Steve Preston, ’85, has been named president and will be named CEO later this year. Headquartered in East Hartford, Connecticut, the company offers waste disposal and recycling for retail, restaurant, hotel, manufacturing, property management, and mall clients.

Pacific Alternative Asset Management Company
Philippe Jorion, PhD ’83, has been promoted to partner from director in the risk management group. Based in Irvine, California, the company is a hedge fund of funds for institutional investors.

Royal Bank of Scotland
John Mullins, ’90, has been named to head the newly created coverage and origination banking team for Asia Pacific. The bank is headquartered in Edinburgh, Scotland.

James Boyle, ’93, has been appointed executive vice president and CFO. The Chicago-based technology consultancy company integrates systems for such clients as 911 centers, airports, and commercial real estate.

George Eddings Jr., ’89, has been named to the newly created role of business director, corporate accounts, North America food service. The food service giant is headquartered in Houston, Texas.

Sysmex America Inc.
Jim Cusack, ’98, has been appointed director of business development and strategic alliances. Headquartered in Mundelein, Illinois, the company develops healthcare testing equipment and technology.

3Com Corporation
J. Donald Sherman, ’90, has been elected a Class I director. Based in Marlborough, Massachusetts, the company sells networking hardware and software. Sherman is CFO of Akamai Technologies, Inc.

TomoTherapy Incorporated
Thomas Powell, ’90, has been named CFO and treasurer. Based in Madison, Wisconsin, the company makes equipment for radiation therapy.

Geoff Miller, ’98 (XP-67), has been promoted to vice president and general manager of a new engineering, services, and equipment organization. Previously, Miller served as vice president of business development and strategic planning. The company, a subsidiary of Honeywell, offers technology for such industries as petroleum refining, gas processing, petrochemical production, and manufacturing. It is based in Des Plaines, Illinois.

World Bank
Kamran Khan, ’01, has been promoted to head of the Singapore office from infrastructure finance advisor for East Asia and the Pacific. Headquartered in Washington DC, the World Bank is owned by 186 member countries and made up of two development institutions: the International Bank for Reconstruction and Development and the International Development Association.

Alumni to Know

Raph Appadoo, ’82, is returning to international business with the formation of Galileo Planning Services LLC. “I am excited to reengage in the field of international education,” Appadoo, retired president of Laureate Education, Inc., said in a July 16 Business Wire story. “It remains an enormous and growing market that continues to demonstrate resiliency and countercyclical trends in recessionary environments.” Appadoo will research international for-profit education markets and develop a business plan once his noncompete agreement with Laureate expires in the fourth quarter of 2009, the article said. Galileo is a Delaware company in the process of opening offices in Miami, Florida, and London.

Controversy and conflict surrounded a bill to reform campaign finance in Illinois. Dan Harmon, ’94, a state senator from Oak Park, played a role, having been tapped by Senate leadership to take the lead on the issue. According to a July 5 Chicago Tribune article, the reform bill that passed contained loopholes and failed to satisfy a governor-appointed ethics panel, although Gov. Pat Quinn himself ended up endorsing it as “landmark,” the article said. “Maybe if everybody thinks it’s such a bad bill,” Harmon told the Tribune, “there’s something right with it after all.”

ProOnGo has developed a new software application for smart phones called Receipt Reader. By snapping a photo of a receipt, the software transforms the image into a ready-to-file expense report. The Chicago-based firm, founded by Phillip Leslie, ’09, was named one of “America’s Most Promising Companies” by Forbes in a June 24 article. Leslie, a former engineering manager at Microsoft’s Windows mobile group, used personal savings and seed money from Growney Ventures, the article said. He got the seed money at Booth’s annual business plan competition. “I helped develop the technology of putting cameras into smart phones for recreational purposes [at Microsoft], and I felt there was a missing opportunity for using that feature for business purposes,” he said.

The autobiography The Education of an American Dreamer by Pete Peterson, ’51, has been drawing media ink, including a June 21 article in the New York Times and a June 24 article in the Wall Street Journal. “Mr. Peterson’s early business forays marked him as a wunderkind who relied on systematic market research,” the Times article said. Peterson cofounded the private equity firm The Blackstone Group LP, and sold his stock in the firm’s initial public offering for $1.85 billion about two years ago. “I was an instant billionaire!” Peterson wrote in the autobiography, which was quoted in the WSJ. “Imagine a millionaire, which I never expected to be, one thousand times over.” Peterson used most of the money to start the Peter G. Peterson Foundation. The WSJ calls his autobiography “an honest and winning account of an eventful life.”

Byron Trott, AB ’81, MBA ’82, has raised more than $2 billion in capital for the investment firm BDT Capital Partners, which he founded earlier this year to invest in and advise family-run and entrepreneurial businesses, according to a June 22 article in the Financial Times. Trott is a former Goldman Sachs banker and frequent financial advisor to Warren Buffett, the article said. Buffett’s Berkshire Hathaway holds a “modest partnership interest” in BDT, the article said.

CEO Watch: Taking the Lead

Michael Baker, ’88
President and CEO
Pulmonx Corporation

Baker also was elected to the board of directors. Based in Redwood City, California, the company develops and markets minimally invasive medical devices and technologies for the diagnosis and treatment of pulmonary disorders.

Tom Meyer, ’79
Chairman and CEO
Fullerton Community Bank

Meyer also was named chairman of RMG Capital Corporation, parent company of the bank. The community-focused, full-service bank is headquartered in Fullerton, California.

CEO Watch: Making Headlines

Michael Baratta, ’99
Vector Consulting

The firm recently won the Boutique Turnaround Consulting Firm of the Year award from the Global M&A Network for its reorganization of ypOne. In a June 24 PRNewswire article, Baratta was credited for his ability to work through complex operational and legal issues while keeping the core of ypOne’s management team in place.

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