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Alumni Connections - No. 73 - August 2010

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

Accretive Solutions
Frank Mack, ’93,
has joined as senior managing director. The national consulting and executive search firm is based in New York.

Jefferies & Company, Inc.
Sandy Oh, ’10 (AXP-9),
has joined as senior vice president, sales, of emerging markets debt. She will be based in Singapore. The global investment bank and institutional securities firm is based in New York.

John Hancock Retirement Plan Services
Robert Stanley, ’98,
has been promoted to senior vice president of sales development from vice president, operations. Based in Boston, Massachusetts, the firm offers 401(k) plans.

Mars & Co
Calin Crisan, ’06, and Rob Wilson, ’08,
have been promoted to senior consultants. They previously had worked on a range of strategic engagements for the firm's global clients, including projects in consumer products. Both are based in the the company's New York office.

MidCap Advisors
Allen Conger, ’96,
has joined as senior consultant. He will open the firm's new Charleston, South Carolina, office. Headquartered in New York, the firm offers financial advisory services to middle market companies.

National World War II Museum
Jeff Carter, ’07,
has been appointed to the board of trustees of the New Orleans-based museum. Carter is cofounder of Hyde Park Angels.

Navigant Consulting, Inc.
Walter Vandaele, PhD ’75,
has joined as a managing director in the Washington DC office. The global consulting firm is headquartered in Chicago.

Owner Services Group, Inc.
K. C. Wigle, ’06,
has joined as director of client strategies. Based in Oakbrook Terrace, Illinois, the firm offers owner representation, project management, and cost management services.

Penson Worldwide, Inc.
Andrew Konchan, ’98,
has been named chief information officer. The Dallas, Texas-based group of firms offers execution, clearing, custody, settlement, and technology infrastructure products and services to financial services firms.

Staples, Inc.
Pete Howard, ’86,
has been appointed senior vice president, Staples Southern Europe. The office products company is headquartered in Framingham, Massachusetts.

UOP LLC
Jim Rekoske, ’10 (XP-79),
has been named vice president and general manager for its renewable energy and chemicals business. Headquartered in Des Plaines, Illinois, the Honeywell subsidiary supplies and licenses process technology, catalysts, absorbents, process plants, and consulting services to the petroleum refining, petrochemical, and gas processing industries.


Alumni to Know

Pat Basu, MBA ’05, MD ’05, has been appointed a White House fellow. “This year’s White House Fellows are comprised of some of the best and brightest leaders in our country,” said First Lady Michelle Obama in a June 23 article in Daily News & Analysis. “I applaud their unyielding commitment to public service and dedication to serving their community.” Basu is a radiologist at Stanford University.

In testimony before the U.S. House Science and Technology Subcommittee on Research and Science Education, Keith Crandell, '88, outlined a series of best practices and recommendations for effective commercialization of new technology. The testimony was published June 10 by Congressional Documents and Publications.

Crandell, cofounder and managing director of ARCH Venture Partners, said he first developed the best practice recommendations for the Department of Energy to improve its process of technology commercialization at national labs. Best practices include: insistence on objectivity and transparency in commercialization reporting, assembly of capable commercialization teams, focusing commercialization resources, making time for researcher consulting, and adopting a commonsense conflict of interest policy.

Best practices also include ensuring investor and entrepreneur access to leading lab researchers, improving intellectual property protection and practices, streamlining the license negotiation timeline, improving the breadth and commercial relevancy of patent claims, and allowing investor-backed companies to more fully compete and participate in the Small Business Innovation Research program.

Crandell said that the “innovation ecosystem in the U.S. remains the envy of the world. However, it is a delicate system steeped in risk and beset by challenges in today's economic environment.”

Crain’s Chicago Business profiled Lyle Logan, ’89, in the June 7 issue. Named in January to the newly created position of executive vice president and head of global financial institutions group for Chicago-based Northern Trust Corp., Logan’s strong suit is “relationship management skills honed over 30 years in the banking industry, 19 of those specializing in wealthy clients and institutions,” the article. Logan plans to “develop strategic plans for deepening ties with and increasing revenues from each of the world's top 50 financial services firms, nearly all of which do business with Northern,” the article said. “This is a sales job,” Logan told Crain’s.


CEO Watch: Taking the Lead

Jennifer Holmgren, ’06 (XP-75)
CEO
LanzaTech NZ Ltd.

Based in Auckland, New Zealand, the company develops and commercializes proprietary technologies for production of ethanol from steel industry gases.

Andrew Stern, ’81
CEO
SunGard Availability Services

Based in Wayne, Pennsylvania, the company offers disaster recovery services, managed information technology services, information availability consulting services, and business continuity management software.

Mitchell Stern, ’78
CEO
Freedom Communications Inc.

Headquartered in Irvine, California, the company owns the Orange County Register, 32 other newspapers, and eight television stations. Stern is a longtime television executive.


CEO Watch: Making Headlines

Princess Clark-Wendel, ’06 (XP-75)
CEO
LiveLifeWorryFree.com, a Princess Clark Consulting company

Clark-Wendel, of Chicago's Princess Clark Consulting Inc., talks about the importance of continued education and keeping up with technological advances in order to stay current with today's job market in a June 6 article in the Modesto (CA) Bee. She helps people who are changing jobs or who want to find ways to increase their earnings. "I make them see that we've moved from a manufacturing economy to a more technology- and knowledge-based economy," she said "Their skill set, just like their iPods and cell phones, changes every year or becomes outdated. Technology is ever-evolving, so they must evolve as well."

Tom Rooney, ’91
President and CEO
SPG Solar

Rooney wrote a June 10 editorial for the Pittsburgh (PA) Post-Gazette about the hidden costs of fossil fuels. “The National Research Council reports that the damage caused by coal costs us $62 billion a year, primarily in health care costs for those sickened or killed by respiratory problems linked to pollution,” Rooney said. “If that sounds like a subsidy, it should. Because that is exactly what it is. And the council did not even count damage from climate change, water pollution from mining, or dozens of other costly problems. But still we hear that fossil fuels are cheaper.” Rooney said that the hidden costs of oil are even larger. “We have not even started counting the costs of what has now become the biggest and most expensive oil spill in our history, courtesy of BP.”


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