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Alumni Connections - No. 78 - January 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 editor@chicagobooth.edu.

Alumni on the Move

Alcoa
Julia Steyn, '02,
has been named vice president and comanaging director of the business development group. Headquartered in New York, the company produces primary and fabricated aluminum.

America's Growth Capital
John Siegler, '82,
has joined as partner. Headquartered in Boston, Massachusetts, the investment bank is focused on emerging growth.

Aon Corporation
John Bourke, '98 (XP-67),
has been promoted to associate general counsel from assistant general counsel. An insurance and management consulting firm, Aon is headquartered in Chicago.

Dreyfus High Yield Strategies Fund
Dean Graves, '95,
has been appointed portfolio manager. The investment company is based in New York.

Minerals Technologies Inc.
J. Michael "Mike" Harley, '99,
has joined as vice president, corporate development and treasury. Headquartered in New York, the company develops and produces specialty mineral-based and synthetic mineral products.

North Carolina Department of Transportation
Mike Gentry, '96 (XP-65),
has joined as director of marketing for the North Carolina Turnpike Authority based in Raleigh. He will be launching the state's first tollway system in December 2011 under the brand name NC Quick Pass. It will be the only toll agency in the nation to open with an all-electronic collection system.

Park Sterling Bank
Nancy Foster, '88,
has been named chief risk officer. The bank is headquartered in Charlotte, North Carolina.

St. James Ethics Centre
Sarah Richardson, '87,
has been appointed head of marketing and communications. Based in Sydney, Australia, the nonprofit organization offers consulting, counseling, leadership development, and training. The part-time position will enable Richardson to continue her consultancy work with her firm, Sarah Richardson Consulting Pty Ltd., which has relocated to Sydney from Perth, Australia.

Shumway Capital Partners LLC
Tom Wilcox, '00,
has been promoted to chief investment officer from equities head. The hedge fund is based in Greenwich, Connecticut.

SinoMedia Holding Limited
Tang Xiaoming, '05,
has been appointed chief investment officer. Based in Hong Kong, China, the firm offers nationwide television advertising coverage for clients.

Six Flags Entertainment Corp.
Lance Balk, '84,
has been named executive vice president and general counsel. Headquartered in Lake George, New York, the company operates 19 theme parks.

U.S. Air Force Academy
Adis Maria Vila, '97,
has been named chief diversity officer. The military organization and university is based in U.S. Air Force Academy, Colorado.

World Bank
Takuya Kamata, '88
has been named country manager to Uzbekistan. Headquartered in Washington DC, the World Bank is owned by 186 member countries and made up of two development institutions: the International Bank for Reconstruction and Development and the International Development Association.


Alumni to Know

Rather than targeting cities as first-tier or second-tier when looking to expand in China, businesses should target the first-tier consumer, said Francis Bassolino, '02 in an article he cowrote in the November-December issue of China Business Review.com. Such a consumer is defined more by spending behavior, income, and lifestyle than by home geography, the article said. "First-tier consumers in China's second-tier cities offer some of the most attractive growth opportunities," the article said. For example, rapid growth over the next ten years is expected in the second-tier city of Suzhou, Jiangsu, resulting in a rising number of millionaires.


CEO Watch: Taking the Lead

Evi Vogl, '04
CEO
Pioneer Investments KAG

Vogl has joined the financial services company, which is headquartered in Munich, Germany.


CEO Watch: Making Headlines

Carmen Magar, '09
CEO
Chocri.com, U.S.

The company is part of a "fast-growing, Web-based retail movement called 'mass customization,'" said a November 7 article in Crain's New York Business.com. At Chocri.com, customers can choose from four types of chocolate and 98 toppings to create their own chocolate bars. Magar said in the article that worldwide sales have topped $1 million. The company was founded in Germany two years ago and launched in New York earlier this year.

Joanne Smith, '00
President and CEO
Rehabilitation Institute of Chicago

Smith, an information junkie, lists what she loves to read and watch in a November 29 article in Crain's Chicago Business. Smith said she is a fan of Warren Buffet: "It's remarkable to watch the man and hear the wisdom that comes out of his mouth." She also enjoys the "creative writing" of his annual reports.

Joe Mansueto, AB '78, MBA '80
Founder and CEO
Morningstar

Mansueto was the first Chicagoan among 57 billionaires to commit to Warren Buffet's Giving Pledge to give away half his wealth now or at the time of his death. Mansueto made the decision after his wife told him Buffet had called him personally. "I think I knew for a long time that I wanted to give the bulk of what I earned away," Mansueto said in a December 10 Chicago Tribune article. "I think the only thing I had to think through a little bit was, I know my situation now, but how could my situation change 20 years from now or 30 years from now? I just tried to run through my mind various scenarios. ... You just want to make sure you can leave something for your children."


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