Alumni Connections - No. 81 - April 2011

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

American Money Management Corporation
John Berding, '87,
has been named president. Based in Cincinnati, Ohio, the company is the investment management services subsidiary of American Financial Group, Inc.

American Repertory Ballet
Diane Kuhl, '88,
has been named to the board of trustees. Headquartered in New Brunswick, New Jersey, the ballet company also runs the Princeton Ballet School. Kuhl, a development professional and former professional ballerina, also is a member of the ballet company's development committee.

Tom Dolan, '91,
has been appointed executive vice president and CFO. Headquartered in Madison, Wisconsin, the bank has more than 57 locations throughout Wisconsin.

Apollo Group, Inc.
Timothy Daniels, '90,
has been named president. Based in Phoenix, Arizona, the private education company offers online and on-campus programs and services.

Aurora Resurgence Management Partners
Peter Leibman, '05,
has been promoted to principal. A subsidiary of Los Angeles, California-based Aurora Capital Group, the firm invests in debt and equity securities of middle-market companies.

Nick Zarcone, '83,
has been promoted to CFO from managing director, investment banking group. Headquartered in Milwaukee, Wisconsin, the firm oversees and manages client assets of nearly $79 billion.

CastleOak Securities
Gregory Reynolds, '97,
has joined as director in the public finance group. The boutique investment firm is headquartered in New York.

CME Group
Sesh Sundaram, '04,
has been promoted to managing director, software engineering. The Chicago-based firm runs derivatives exchanges.

Everest Group
Scott Bils, '96,
has joined as partner. The consulting firm is headquartered in Dallas, Texas.

Golub Capital
Daniel Posner, '94,
has been named chief investment officer. Headquartered in New York, the credit asset management firm has a history of middle-market direct lending. Posner is expected to develop and lead new credit strategies.

Harris Bank
Cecily Mistarz, '90,
has been named director of parent group BMO's integration management office, to oversee integration of Harris with Wisconsin bank Marshall & Ilsley Corp. Harris is headquartered in Chicago.

Eric Parmenter, '09 (XP-78),
has joined as vice president and senior principal, health and welfare consulting group. Based in Woburn, Massachusetts, the firm offers services to help employers manage health care costs and compliance.

JCB International Co., Ltd.
Kimihisa Imada, '86,
has been appointed deputy president. Headquartered in Tokyo, Japan, the firm is a subsidiary of JCB Co., Ltd., a credit card issuer.

Leap Wireless International, Inc.
Raymond Roman, '92,
has been appointed executive vice president and chief operating officer. The wireless communications services provider is headquartered in San Diego, California.

Lincoln Financial Group
Anand Rao, '10,
has joined as vice president of digital strategy and user experience. Headquartered in Radnor, Pennsylvania, the firm offers insurance and financial services.

Stephen Galliker, '70,
has joined the board of directors. Based in Thunder Bay, Ontario, Canada, the company researches and develops mitochondrial genome-based products. Galliker is the former CFO and executive vice president of finance and administration at Dyax Corp.

Omnicare, Inc.
John Workman, '85,
has been promoted to president and will remain CFO. Headquartered in Covington, Kentucky, the company offers pharmaceutical care for the elderly.

OnQuest, Inc.
Roberto Ruiz, '79 (XP-66),
has been named president and chief operating officer. The firm designs and engineers processing plants, direct-fired furnaces, and other management and construction projects. OnQuest has primary offices in San Dimas, California, and Calgary, Alberta, Canada.

Ravi Mattu, '83,
has joined as managing director and head of analytics. The investment management firm is headquartered in Newport Beach, California.

Remington Capital
Richard Heath, '75,
has joined as analyst, advisory services group. The financial services company is headquartered in Scottsdale, Arizona.

Rush University Medical Center
John Mordach, '06 (XP-75),
has been named senior vice president and CFO. The medical center is headquartered in Chicago.

Sagent Advisors Inc.
Keith Marshall, '00,
has joined as managing director as part of the firm's acquisition of Montgomery Marshall Healthcare Partners. Sagent is an investment bank headquartered in New York.

Scleroderma Foundation
Greg Marion, '99,
has been named to the national board of directors. The nonprofit foundation is headquartered in Danvers, Massachusetts. Marion, former president of the foundation's greater Chicago chapter, is the vice president of protection products at United Services Automobile Association.

Alumni to Know

As an executive of a company that grew 549 percent over four years, Erik Birkerts, ’96, knows about fast-growing companies. Currently a partner in Evergreen Growth Advisors LLC, Birkerts shares executive strategies in “Riding Gazelles,” an article he wrote that was published in the January issue of The Deal magazine. One of the strategies is “Prepare for re-entry.”

“Like gravity, the fact that rapid growth will eventually slow is an immutable law,” Birkerts wrote. “Sometimes this is due to missteps, but more often than not, it is part of the natural evolution of a company's life cycle. The challenge is that rapid growth is addictive, and damaging withdrawal symptoms can surface when it begins to taper… If executive leadership isn't careful, slowing growth will feed upon itself, and the company will find itself in real trouble.” To solve this problem, move away from growth as the “reigning metric,” he said, and instead highlight customer satisfaction ratings or promote new product launches.

Cathy Fogler, ’95, has founded and serves as managing director of CAfrica Sports, a television company that operates in sub-Saharan Africa. Based in Denver, Colorado, the company delivers premium sports programs through a formal network of free-to-air broadcasters in Africa. Fogler directs the firm’s video distribution strategy. She also is an advisory consultant to Sand Cherry Associates, where she has provided expertise in video-on-demand launches in Europe and the digital transition in the United States.

Geoff Hoffman, ’09, chief operating officer of executive search firm DHR International, has been making a splash in print and broadcast media, discussing job market changes. Improvement is being seen in executive hiring, particularly in the tech industry, Hoffman said in “Friday’s Jobless Numbers: Not Great,” a CNBC video that aired February 7. He attributed the trend to tech companies expanding into new initiatives and pent-up demand from corporate America for IT infrastructure improvements.

Hoffman pointed out another trend in “How to Be a Smart Job-Hopper,” a January 25 article in U.S. News and World Report. “People right now, more so than in the past, are really managing their careers, and not necessarily putting company [as] number one,” Hoffman said. “People are really looking out for themselves. They realize there’s nothing standing in the way of the employer cutting them or eliminating their position, so they don’t feel a huge sense of loyalty to the employer.”

Anyone can understand how to invest in emerging markets. That’s the premise of the new book Emerging Markets for Dummies, written by Ann Logue, ’91. The book is for investors who may be interested in Asian, Russian, Indian, Brazilian, and other foreign markets, the article said. “Things change all the time, so it explains how to do research and what factors to consider when looking at a new situation,” Logue said in the article. In addition to investors, the book also targets entrepreneurs starting businesses in these countries.

The cofounder of, a secondary online marketplace, has always aimed to become an entrepreneur. “This has been my intent ever since I went to college in India,” said Andy Narayanan, ’05 (XP-74), in a February 6 article in the Naperville (IL) Sun. “It’s been my trajectory since I was a kid.” At dealigee, people can buy and resell items from such online sites as Groupon, LivingSocial, Tippr, and DealOn. “We have a site that is safe and easy to use, and we are constantly listening to our customers regarding how to improve it as well as offer more services,” Narayanan said.

There’s a new agency to keep watch over about-to-fail, too-big-to-fail financial institutions and the person in charge is James Wigand, ’84. As director of the Office of Complex Financial Institutions at the Federal Deposit Insurance Corporation, Wigand keeps and eye “on some of the nation's largest and most complex financial firms and makes sure the government is prepared to seize and liquidate them should they falter,” said a January 17 article in the Washington Post. “This process is just starting, but the key point is that we now have a tool that didn't exist," Wigand said. Authority for the new office was created in a financial regulation bill last year. "There will be people dedicated to looking at individual entities, and there will be people dedicated to looking at risk that could be posed across the financial services industry," Wigand said.

CEO Watch: Taking the Lead

Xavier Dorai, '04
President and CEO
Babcock-Thermo Carbon Capture LLC

Headquartered in Worcester, Massachusetts, the company aims to develop and commercialize an advanced carbon capture and emissions-free power plant design using a patented, high-pressure oxy-combustion process.

Richard McNeel, '79 (XP-42)
President and CEO, Chairman
LORD Corporation

McNeel recently was named chairman of the board of directors. He continues to serve as president and CEO. Based in Cary, North Carolina, the company develops adhesives and coatings for the aerospace, automotive, and industrial markets.

George Tanasijevich, '01
Interim CEO
Marina Bay Sands

Tanasijevich had been serving as managing director of global development. Marina Bay Sands is a resort in Singapore.

CEO Watch: Making Headlines

John Amboian, '84
Chairman and CEO
Nuveen Instruments

Nuveen was named one of Barron's Best Mutual Fund Families in its 2011 annual survey, according to a February 10 article in Entertainment Close-Up. The ranking "reflects the strength and success of each of our distinct investment teams which advisors and investors can access through Nuveen Investments' well-respected fund distribution and service platform," Amboian said in the article.

Matt Maloney, '10
CEO and Cofounder

Maloney has been named to the recently created Illinois Innovation Council. Based in Springfield, Illinois, the council promotes innovation in economic development and interacts with academia, business, and governments to evaluate and recommend initiatives. GrubHub shows menus and offers online ordering from restaurants in major cities.

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