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Alumni Connections - No. 70 - May 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

Avery Dennison Corporation: Dean A. Scarborough, '79, has been named president and CEO, effective May 1. Based in Pasadena, California, the Fortune 500 company is a global leader in pressure-sensitive labels, office products, and retail tag, ticketing, and branding systems.

Brookfield Zoo: Kenneth Kaduk, '77, has been appointed senior vice president of finance and administration. Based in west suburban Brookfield, Illinois, the zoo has been known for its wildlife species and exhibits since it opened in 1934.

FormFactor, Inc.: Ronald C. Foster, '75, has been named CFO. Headquartered in Livermore, California, the firm is an industry leader in the design, development, manufacture, sale, and support of precision, high-performance advanced semiconductor wafer probe cards.

Greenhill & Co.: Kenneth Crews, '74, has joined the New York-based firm as a managing director. Crews is based in Dallas, and with his arrival at Greenhill, the company is opening a Dallas office focused on the energy sector and other companies in that region. Greenhill is an independent investment bank that provides financial advisory and merchant banking fund management services around the world.

Harris Nesbitt: David Haas, '94, has joined the firm as managing director and head of its consumer and leisure group. Based in New York, Harris Nesbitt is the U.S. investment and corporate banking arm of BMO Financial Group.

Heritage Valley Health System: Joe Becherer, '72, was named secretary of the board of directors. The company provides comprehensive health care for residents of Allegheny, Beaver, Butler, and Lawrence counties in Pennsylvania; in eastern Ohio; and in the panhandle of West Virginia. Becherer has been a board member since 2002.

HomeAmerican Mortgage Corporation: Chad Yetka, '97, was promoted to president. He joined the Denver-based company in 2003, serving as director and senior vice president of operations and most recently as interim president. The firm is a subsidiary of MDC Holdings, Inc., whose subsidiaries build houses under the name "Richmond American Homes."

Morgan Joseph & Co., Inc.: Michael Bruder, '95, was appointed a managing director in the firm's restructuring group. Based in New York, Morgan Joseph is a full-service investment bank serving middle-market companies.

Notify Technology Corporation: David F. Kvederis, '76, has been named to the board of directors. Based in San Jose, California, the firm is a communications company offering wireless and wireline products and services. Kvederis is the founder of BankServe, a San Francisco-based company that offers outsourced federal wire transfer processing to financial institutions. Since 1996, Kvederis has served as president and CEO.

Pennichuck Corporation: Bill Patterson, '78, has been named chief financial officer and vice president. Based in Merrimack, New Hampshire, the firm is a publicly traded water utility.

Proficiency: Kerry G. Hopkin, '78, has been named chief financial officer. Based in Marlborough, Massachusetts, the company develops Web-based collaboration software used by engineers to share data generated by computer-assisted design (CAD) applications.

ProHealth Care: Dirk Debbink, '90 (XP-59), has joined the company's board of directors. Debbink is president of MSI General Corp., a regional design and construction company based in Oconomowoc, Wisconsin. ProHealth Care, based in Waukesha, Wisconsin, provides health care services to the Waukesha area through a network of hospitals, clinics, assisted living facilities, and hospices.

Schering-Plough Corporation: Winston K. C. Lam, '01 (XP-70), has been appointed vice president and associate general counsel, business development and strategic alliances, a newly created position. The firm, based in Kenilworth, New Jersey, is a global science-based company that produces leading prescription, consumer, and animal health products.

Trustmark Companies: Frederick L. Blackmon, '76, was named to the board of directors of the firm. Based in Lake Forest, Illinois, Trustmark is a health and life insurance benefits administrator. Blackmon is retired executive vice president and chief financial officer of Zurich Kemper Life Insurance.

Wachovia Securities: Rick Carr, '80, was named managing director and executive search consultant for the Corporate and Investment Bank (CIB). Based in Charlotte, North Carolina, Wachovia is one of the largest providers of financial services to retail, brokerage, and corporate customers.


Alumni to Know

Louis Conrad II, ’89, has been named a 2010 FIVE STAR Wealth Manager, according to the March 9 Lexington Minuteman, which cited the February issue of Boston magazine. “I am honored to be named a 2010 FIVE STAR Wealth manager as it is acknowledgement that the high level of advice and service I provide resonates with clients,” Conrad told the Minuteman. Conrad is founder and president of COMPASS Wealth Management, LLC. Of more than 14,600 wealth managers in the Boston area, less than 4 percent receive the honor bestowed by the magazine.


An incredible amount of innovation is on its way in the energy field, Bob Dickerman, ’80, predicted in a March 26 States News Service profile. “The internal combustion engine is very efficient, but we need to replace it,” he said. Without the requirement of gasoline, “the next 20 years will hold more innovation than the last 100.” Dickerman has been named chief operating officer of Marubeni TAQA Caribbean, a joint energy venture led by a Japanese trading firm and the government of Abu Dhabi. He has held a variety of positions over his 30-plus years in the energy industry.


Indian women are cracking the glass ceiling in the United States, according to a March 8 article in India’s Daily News & Analysis. One of those few top executives is Sheila Hooda, ’88, senior managing director and global head of strategy and development at TIAA-CREF. Hooda also serves on Booth’s Global Advisory Board. Hooda said she has learned how to get along in the executive world. “As Indians, we have the tough quant and analytical skills to do data-crunching,” she said. “But all the A-plus performing in the world goes unnoticed without soft skills. The U.S. puts an emphasis on soft skills, so it is important to be a strong team player and a good presenter.”




Helping to establish the advisory services firm Moelis & Co. proved to be a good career move for John Momtazee, MBA ’97, JD ’97. Momtazee and a group of colleagues, including the company namesake, started the firm to provide a broad range of advisory services to clients in connection with mergers, acquisitions, restructurings, and other corporate finance matters. Momtazee serves as managing director. “It was the best of times in early 2007, but this was a unique opportunity to be exclusively focused on our clients,” he said in a March 19 “Forty Under Forty” feature in Investment Dealers Digest. “What we’ve created here is something where there’s no bureaucracy or legacy balance sheet issues, and that’s what enables all of us to succeed. I think this has worked out as we hoped it would.” Based in Los Angeles, he frequently travels to New York, the article said. The firm also has offices in Boston, Chicago, London, and Sydney.


Jeff Peacock, ’99, has announced his candidacy as a Republican for an Alabama state senate seat. “Considering the economic challenges we face in southwest Alabama, we must have a state senator who understands economic development. As a small businessman, I know what it takes to get the economy moving,” he said in a March 10 article on NorthEscambia.com. Peacock said his economic development plans would feature tax incentives, entrepreneurship promotion, and education reform.


Jerry Rao, ’81, has written a book, Notes from an Indian Conservative. A panel discussion about Rao and his book was included in a March 12 article in India’s Daily News & Analysis. For the book, Rao, a former columnist, put together a sampling of his work at the Indian Express.


Money to rebuild Haiti will be wasted on corruption, a former presidential candidate fears. In a March 31 article in the Toronto Star, Dumarsais Simeus, ’72, suggested that the Haitian people want the United States, Canada, or an international body to manage the country. “No matter how much money is put in there, (the people) never see it,” he said. “It has never, never trickled down.” Simeus wrote to UN Secretary General Ban Ki-moon proposing that Haiti’s presidential and parliamentary elections be suspended for the next 20 years, with the country run instead by an international council with representatives from Haiti, the UN, Canada, Brazil, France, and the United States, the article said.


Edwin “Ned” Miller Wiley, ’74, managing director at Axel Springer Digital TV Guide GmbH, has written a book, and his company has won an award. The Impossible Advantage—Winning the Competitive Game by Changing the Rules is about business strategy. The honor, given at the CeBIT 2010 international electronics trade fair in Hannover, Germany, was for Innovations in the “On Demand” category. Awarded was the company’s new personalized television service called “watchmi.” The service brings television watchers personal channels based on their preferences and automatically records favorite programs. The service also suggests television programs to viewers. Available in Germany now, watchmi will be extended to the United States and other markets in 2010.


CEO Watch: Taking the Lead

Jon Corzine, ’73
Chairman and CEO
MF Global Holdings Inc.
Corzine is the former Goldman Sachs Group Inc. chairman and former New Jersey governor. Based in New York, the company trades listed and over-the-counter products and commodities.

Eric Gleacher, ’67
Chairman and CEO
Broadpoint Gleacher Securities Group, Inc.
Gleacher was named chief executive in March. He had become chairman following Broadpoint’s June 2009 acquisition of Gleacher Partners.


CEO Watch: Making Headlines

J. Patrick Doyle, ’88
CEO
Domino’s Pizza
Doyle’s first days on the job were spent in India and Saudi Arabia, according to a March 22 profile in USA Today. With 300 outlets in India, it is the fastest-growing market for the Ann Arbor, Michigan–based pizza chain.“In the next three to five years, our sales outside the U.S. will surpass our sales here,” Doyle told the newspaper. Growth in the United States market will come from taking a larger share of an existing market where mom-and-pop stores and small chains deliver half of all sales, the article said.

Luis Miranda, ’89
President and CEO
IDFC Private Equity
Lightning has struck three times for the Mumbai-based firm. It has been voted the Private Equity Firm of the Year in India 2009 by readers and subscribers of the Private Equity Online website. Votes came from more than 50 countries for these Private Equity International Awards. In addition, Infrastructure Investor magazine honored the firm twice, for Asian Infrastructure Fund Manager of the Year and for Asian Infrastructure Deal of the Year.

Joseph Neubauer, ’65
Chairman and CEO
ARAMARK
The Philadelphia-based company has won the distinction of being named one of the “world’s most ethical companies” by the Ethisphere Institute. The institute is a think tank dedicated to best practices in business ethics, corporate social responsibility, anticorruption, and sustainability. “This honor is a testament to the commitment and conduct of all our teams globally,” Neubauer said in a March 22 BusinessWire article. The company is one of the world’s largest food service providers and a leader in such managed services as building maintenance and housekeeping. It received many honors this past year. ARAMARK was ranked in the top spot in its industry on Fortune magazine’s list of “world’s most admired companies,” named among the country’s “best places to launch a career” by BusinessWeek magazine, and listed among the Global Outsourcing 100. It also was recognized as one of America’s largest private companies by both Forbes and Fortune magazines, the article said.

Paul Purcell, ’71
Chairman, President, and CEO
Robert W. Baird & Co.
Purcell said he took his rejection years ago by Stanford University as evidence that he had to work harder, according to a March 24 Wall Street Journal article about titans, moguls, and newsmakers who were rejected at college admission time. “I took it as a signal that, ‘Look, the world is really competitive, and I’ll just try harder next time,’” he said. Purcell went on to receive a Distinguished Alumni Award from Chicago Booth for successfully guiding his company through the recession.

Bassam Yammine, ’94
Co-CEO, Middle East
Credit Suisse
Yammine’s career path was described in a March 5 Financial Times article. The story also tells how the bank led the region’s investment banking league table in 2009, while “shrugging off the financial shockwaves emanating from Dubai.”


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