Alumni on the Move
Thomas Rozman, ’93, has been named senior vice president of business development. Based in Plymouth, Minnesota, the software firm serves the financial services industry.
Alvarez & Marsal
Patrick Hunt, ’80, has joined as a senior director in real estate advisory services at the Chicago headquarters. The firm specializes in performance improvement, turnaround management, and business advisory services.
Chetan Joshi, ’08 (XP-77), has been appointed to the board of directors of the Chicago chapter. Headquartered in New York, the organization strives to empower students in urban communities though soccer, writing, creative expression, and service learning. Joshi is a vice president at Duff & Phelps, LLC. He was introduced to the organization by Leif Elsmo, ’08 (XP-77).
AmeriGas Propane Inc.
Andrew Peyton, ’96, has been named vice president, sales and marketing. Based in Boise, Idaho, the company sells liquefied petroleum gas and gas products.
B. Riley & Co. LLC
Jay Datta, ’98, has joined as senior research analyst covering semiconductors. The Los Angeles–based company offers research and trading ideas to institutions and high net-worth individuals, and investment banking services to middle-market companies.
Cortex Business Solutions Inc.
Rebecca Runkle, ’94, has been named to a new advisory committee. Based in Calgary, Alberta, Canada, the firm offers such eCommerce products and services as exchange of purchase orders, field receipts, and invoices. Runkle heads the technology sector at Hedgeye Risk Management LLC.
Cubist Pharmaceuticals, Inc.
Leon Moulder Jr., ’97 (XP-66), has been appointed to the board of directors. The biopharmaceutical company is based in Lexington, Massachusetts. Moulder most recently served as vice chairman, president, and CEO of Abraxis BioScience, Inc.
Delphi Automotive LLP
Thomas Sidlik, ’73, has been named to the board of managers. Headquartered in Troy, Michigan, Delphi supplies electronics and technology for the automotive market. Sidlik is past chairman of Eastern Michigan University and retired member of the DaimlerChrysler AG Board of Management.
Echo Global Logistics, Inc.
Matt Ferguson, ’01, has been named to the board of directors. The Chicago-based company manages transportation and supply chain services. Ferguson is president and CEO of CareerBuilder.com.
FrontPoint Partners LLC
Stephen Czech, ’98 (XP-67), has been named to lead a new investment team in charge of a direct lending strategy through secured loans for small- and mid-sized businesses primarily in the United States. The asset management firm is headquartered in New York.
Greenberg Traurig, LLP
Samuel Shepherd, MBA ’92, JD ’92, has joined as managing shareholder in a new San Francisco office of the international law firm.
Duane Schmitz, ’95, has been named president of the online division. The college is based in Indianapolis.
Icahn Enterprises L.P.
Daniel Ninivaggi, ’88, has been named president. He also serves as president of the general partner and certain other affiliated companies. The New York–based company is a diversified holding company in seven business segments: investment management, automotive, metals, real estate, home fashion, railcar, and food/packaging.
LBC Credit Partners
Douglas Goodwillie, ’03, has joined the Chicago office as a director. The financing company is headquartered in Philadelphia.
Charles MacKelvie, ’99, has joined as a member attorney. Headquartered in Cleveland, the law firm focuses on corporate and business law, litigation, taxation, employee benefits, estate planning, and probate.
Marketing Management Analytics
Michele Madansky, MBA ’90, PhD ’99, is serving as senior digital advisor. The marketing firm is based in Wilton, Connecticut. Madansky is a consultant to major Fortune 500 firms on online media research and advertising effectiveness.
Richard Lemanski , ’84, has joined as managing director of investor relations and financial communications practice. Based in Stamford, Connecticut, the media relations company is the world’s largest crisis responder in the maritime and offshore industries. It has 17 offices worldwide, serving 250 clients who own or operate more than 7,000 ships.
William Pridmore, ’81, has been named a public director of the single-stock futures exchange, which is based in Chicago. Pridmore is president of William F. Pridmore, Ltd., an institutional trust and commercial banking consultancy.
Oliver Banz, ’05, has been named head of distribution management for the second-largest Swiss retail bank, which is based in St. Gallen.
Tractor Supply Company
Cynthia Jamison, ’85, has been named lead director, effective April 29. Based in Brentwood, Tennessee, the ranch and farm supply company operates 930 stores in 44 states. Jamison is a national managing partner at Tatum, LLC.
Versa Capital Management, Inc.
David McReynolds, ’06, has joined as director, western United States. The private equity firm is headquartered in Philadelphia.
Alumni to Know
In the February 19 issue of Barron’s, Tom Anderson, ’05 (XP-74), was listed among the top advisors in Iowa and in the top 1,000 advisors nationwide. He is first vice president of investments, PIA senior portfolio manager, and associate resident director at Merrill Lynch’s office in Cedar Rapids, Iowa.
BMO Capital Markets has started issuing the “Busch Global Political Strategy Report,” which is written by Andy Busch, ’88, BMO global currency and public policy strategist. The report provides updates on and analysis of major political developments in Washington that affect global financial markets and comes out twice a week. “BMO Capital Markets’ additional focus on public policy is of growing importance to our clients as the role of government has become more intertwined with the markets and the private sector,” Busch said in a February 15 ENP Newswire story. The first report focused on the Senate jobs bill, the Obama budget, financial regulatory reform, and Chinese lending.
Patrick Daley, ’04, son of Chicago Mayor Richard Daley, has been redeployed to an undisclosed location with the U.S. Army, according to a February 9 article in the Chicago Sun-Times. Daley already had served one tour of duty in Afghanistan.
In a lengthy profile February 6 in Times Online, Eric Gleacher, ’67, was hailed as part of a “Wall Street pantheon” and an “M&A Titan.” Gleacher, chairman of Broadpoint Gleacher Securities, has taken part in several landmark deals in the past 30 years and has been a subject of interest in a couple of books, the profile said. It pointed out how Gleacher’s stint as a platoon commander in the Marine Corps during the Vietnam War has at times influenced his demeanor during business negotiations. Gleacher said the inner Marine has since softened. When the Times asked Gleacher whether he is a tough boss, he said: “I don’t think so but some people would say yes. I just demand excellence. Put out your best effort, do what’s right, don’t make any mistakes, don’t give me something slipshod. If you do that, you won’t have any problems.”
Entrepreneurs looking to get investment dollars have turned to Hyde Park Angels, a group founded by seven Booth students three years ago, according to a February 17 story in the Chicago Tribune. For those making a pitch, “It’s trial by fire,” said cofounder Jeffrey Carter, ’07 (XP-76). “The entrepreneur needs to convince me to write a check out of my personal funds and give it to him, and you just don’t do that with everyone off the tree.” Seven students were inspired to start the early-stage investor group in cooperation with the Polsky Center for Entrepreneurship after being surprised to find few such groups in a city with so many premiere universities and research facilities. Cofounder Vishal Verma, ’07 (XP-76)told the Tribune that without a local option, entrepreneurs had been leaving Chicago for coastal cities. The group has invested about $3 million in four companies. R. H. Bailin, ’78, who joined the Angels in 2007, had been working to finalize a deal with a fifth company. “Hyde Park Angels is kind of like a religion,” Bailin said in the article. “I believe in capitalism, and the biggest part of that is people taking risks with their resources, whether it’s their time or their money.” Other founding Angels from XP-76 include Ryan Humphreys, Sadanand Karve, Sharon McDade, Rick Schultz, and Galen William.
After 13 years working for social service nonprofits, Moriah Lee, MBA ’97, MPP ’97, has returned to her love of trade and public policy. She was named the first executive director of Memphis World Trade Club, which promotes global trade for companies based or operating in Memphis, Tennessee. “I was interested in getting back to the trade and policy aspect that I started with my education,” Lee said in a February 26 article in the Memphis Daily News. “It’s a subject that’s fascinated me. I did get out of it for a while and I’m really excited to be able to step my feet back in.” The club previously had operated for 63 years by relying on volunteer officers and board members, the article said.
BlackRock Global Allocation was the seventh-fastest growing mutual fund in 2008 and the twelfth-fastest growing mutual fund in 2009, according to Morningstar. Dennis Stattman, ’80, has managed the fund successfully in part by banking on Asian and energy stocks, said a February 1 Wall Street Journal article. Stattman was one of three managers in the running for Morningstar’s foreign fund manager of the decade, the article said. The job remains a challenge. “This is the type of job that you never have totally figured out,” Stattman told the Journal. “It never becomes routine.”
The cause of the financial meltdown was “a massive Ponzi scheme,” Janet Tavakoli, ’81, said in an interview with Morley Safer on 60 Minutes February 14. “And it’s the biggest crime against the American economy in our lifetimes, in fact, ever.” Tavakoli, founder and president of Tavakoli Structured Finance, a Chicago-based consulting firm, discussed derivatives on virtually worthless mortgages that were sold to investors. “You had various traders buying each others’ products to artificially keep the prices up so that the bubble didn’t collapse,” she told Safer. She added that buyers left holding worthless derivatives were sophisticated investors. “So they can’t really go back to the investment banks that sold them this product and say, ‘We’ve been had,’ because they held themselves out to be experts in these kinds of securities.”