Alumni on the Move
BMO Capital Markets
Matthew Alcorn, '99, has joined as director of the new equity sales desk in Chicago. Based in Toronto, Ontario, Canada, the firm is the investment and corporate banking arm of BMO Financial Group.
China Linen Textile Industry, Ltd.
Jodie Zheng Wehner, '02, has joined as CFO. The producer of linen yarn and fabric is headquartered in Lanxi County near Harbin City in China. It conducts all of its business through its subsidiary, Heilongjiang Lanxi Sunrise Linen Textile Industry Co., Ltd.
Bruce Sattley, '96, has been named vice president of product management. Based in Mountain View, California, the company offers digital coupons and promotions.
Egg-Free Epicurean LLC
Thomas Anichini, '92, and Amy Jones Anichini, '94, have launched the online and wholesale food producer. Based in San Marcos, California, the company specializes in foods that are safe for people with egg, peanut, or tree nut allergies.
Ernst & Young
Alexander Ivlev, '03 (EXP-8), has been named country managing partner for Russia. Ivlev also is a partner and CIS (Commonwealth of Independent States) accounts and industries leader at the accounting, tax, and financial services firm, which is headquartered in London.
Daniel Coleman, '93, has joined as managing director of the electronic trading and technology firm, which is headquartered in Chicago.
Neal Keating, '88, has been elected to the board of directors. Based in Shelton, Connecticut, the firm makes electronic products for the construction, industrial, and utility fields. Keating is chairman, president, and CEO of Kaman Corporation.
Brent Magid, '89, has been elected to the board of directors. Based in Davenport, Iowa, the media company operates digital sites, specialty publications, and daily newspapers, primarily in midsize markets. Magid is president and CEO of Frank N. Magid Associates, Inc.
Local Initiatives Support Corporation
Karen Parkhill, '92, has been elected to the national board of directors. Based in New York, the organization uses corporate, government, and philanthropic resources to help nonprofit community development corporations revitalize distressed neighborhoods. Parkhill is CFO of commercial banking for JPMorgan Chase.
Chan Galbato, '92, has been elected chairman of the board. Based in Miamisburg, Ohio, the firm makes coated papers. Galbato is a senior operating executive of Cerberus Operations and Advisory Company, LLC.
Regional Transportation Authority
Joseph Costello, '83, has been named acting executive director. Costello also serves as CFO and senior deputy executive director of finance and administration for the RTA, the Chicago-based transportation system that runs the Chicago Transit Authority bus and rail system, Metra commuter rail, and Pace suburban bus service.
Tecta America Corp.
Dylan Taylor, '98, has been named to the board of directors. Headquartered in Skokie, Illinois, the firm is the largest commercial roofing company in the United States. Taylor is CEO of Colliers International in the United States.
CEO Watch: Taking the Lead
Bon-joon Koo, '82
LG Electronics Inc.
Based in Soul, South Korea, the mobile phone business is the world's third largest.
CEO Watch: Making Headlines
Gary Bhojwani, '94
President and CEO
Allianz Life Insurance Company of North America
Americans, particularly Baby Boomers, have made a "seismic shift" in their thinking about insuring their retirement, Bhojwani told CNBC on September 13. "We've seen that [financial] crisis really shake people's faith in the fundamentals that they thought they could count on," he said. Adding to concerns are longevity increases with more and more people coming into retirement age. Bhojwani based his comments on a study his firm ordered that showed Americans fear outliving their savings more than they fear death by a rate of 69 percent to 31 percent. In addition, the poll of 3,300 Baby Boomers also showed that a majority would prefer a guaranteed 4 percent rate of return with no risk to principal than an 8 percent return gained at market risk, he said. Bhojwani recommended annuities as a retirement solution.
Femi Akinde, '08
The e-commerce firm seeks to facilitate easy and affordable financial transactions for people in developing countries. It numbered among the companies that made presentations at a Mobile Technology FastPitch, according to a September 29 "Expert Blog" published by FastCompany.com. At the FastPitch, the Omidyar Network and SOCAP sought out mobile companies who were "harnessing the power of mobile technology to create social impact," the blog said. Akinde launched his firm in Seattle. He met CFO Chris Rooks, '99, at a Booth alumni event.