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Alumni Connections - No. 82 - May 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

3M
David Meline, ’86,
has been named senior vice president, finance, and CFO. Based in Maplewood, Minnesota, 3M is a diversified technology company in such sectors as consumer, office, electronics, telecommunications, and display and graphics.


Abbott Products Operations AG
Marie-Flore Nabor, ’02,
has been named therapeutic area director and head of cardio-metabolic, EPD international marketing. The pharmaceutical products company is headquartered in Allschwil, Switzerland.


Accenture Strategy
Nicolai Hesdorf, ’07 (EXP-12),
has joined as senior partner and practice head in Denmark. The strategy and consulting firm is headquartered in Dublin, Ireland.


Booz Allen Hamilton Holding Corporation
Horacio Rozanski, ’92,
has been named executive vice president and chief operating officer. Headquartered in McLean, Virginia, the firm offers strategy and technology consulting.


Central DuPage Hospital
Andrew Palumbo, ’87,
has been appointed vice president of physician and ambulatory services. The hospital is located in Winfield, Illinois.


Charming Shoppes, Inc.
Paula Price, ’88,
has been appointed to the board of directors. Headquartered in Bensalem, Pennsylvania, the company operates under the names Lane Bryant, Cacique, Fashion Bug, and Catherines Plus Sizes. Price is executive vice president and CFO of Ahold USA.


DeWitt Ross & Stevens S.C.
Bradley Raaths, ’07,
has been appointed president and managing partner. The law firm is based in Madison and metropolitan Milwaukee, Wisconsin.


England Logistics
Philip May, ’05,
has been named vice president of finance and business development. Headquartered in Salt Lake City, Utah, the logistics company is a wholly owned subsidiary of C.R. England Inc.


Expolanka Holdings
Sanjay Kulatunga, ’02 (AXP-1),
has been named an independent director on the board. Based in Colombo, Sri Lanka, the company is involved in such enterprises as exporting and importing; freight forwarding and logistics; manufacturing; airline representation and operation; travel and tours; and information technology. Kulatunga holds a series of executive directorships within the Beira Group of companies. He also serves as a director of Amba Research Lanka, which he had helped to set up.


Federal Reserve Bank of Richmond
Christopher Cook, ’92,
has been named assistant vice president, banking supervision and regulation, in the Charlotte, North Carolina office. One of 12 district reserve banks within the Federal Reserve system, the Richmond, Virginia fed encompasses Maryland, North and South Carolinas, District of Columbia, Virginia, and most of West Virginia.


generationOn
Matthew Shapiro, ’92,
has been named vice president, development, a newly created position. Based in New York, the organization is a global youth service movement and the national youth and education arm of Points of Light Institute.


Genivar
Grant Mccullagh, ’79,
has been appointed to the board of directors. The engineering firm is based in Montreal, Canada. Mccullagh is the cofounder and former CEO and chairman of McClier Corporation, which was acquired by AECOM, where he served as an executive vice president and vice chairman.


Gramercy
William Shia, ’01,
has joined as managing director, head of Asian investments. With headquarters in Greenwich, Connecticut, the institutional asset management firm is focusing on investing in emerging markets.


Internatix
Maurice Carson, ’89,
has been named CFO. The company develops materials for energy efficient LED lights, and is headquartered in Fremont, California.


Janus Capital Group Inc.
George Maris, ’99,
has been appointed portfolio manager. Based in Denver, Colorado, the firm manages more than $169 billion in assets globally for shareholders, clients, and institutions.


National Securities Corporation
Jeff Stambovsky, ’75,
has been appointed managing director of investment banking. The broker-dealer firm, a subsidiary of National Holdings Corporation, is headquartered in New York.


Northern Trust
Joyce St. Clair, ’91 (XP-60),
has been promoted to president of operations and technology from executive vice president and head of corporate risk management. The investment bank is based in Chicago.


Pearl Meyer & Partners
Shekhar Purohit, ’04,
has joined as managing director and head of the firm’s Northern California office. Headquartered in New York, the firm is an independent executive compensation consultant.


PhaseRx, Inc.
Richard Rieger, ’91,
has joined as vice president, business development. The biotechnology company is headquartered in Seattle, Washington.


PIMCO
Vlad Cara, ’07,
has joined as senior vice president, based in London, England. The global investment management firm is headquartered in Newport Beach, California.


PIMCO
Nate Velarde, ’01,
has joined as senior vice president, based in London, England. The global investment management firm is based in Newport Beach, California.


Putnam Investments
Paul Scanlon, ’92,
has been named co-head of the fixed income team. Based in Boston, Massachusetts, the investment firm was recently named “Mutual Fund Manager of the Year” by Institutional Investor.


QuisLex, Inc.
Bruce Masterson, ’77,
has been appointed chief marketing officer. Headquartered in New York, the firm provides offshore legal services through a center in India and in the United States, through its subsidiary SQ Global Solutions.


Safeway Inc.
Mir Aamir, ’97,
has been promoted to president, customer loyalty and digital technologies, from senior vice president, marketing strategy and financial planning and analysis. Headquartered in Pleasanton, California, the food and drug retailer operates 1,694 stores in the United States and western Canada.


Sikich Investment Banking
Imran Mohiuddin, ’07,
has joined as associate. Based in Aurora, Illinois, the firm is the corporate finance and advisory practice of Sikich LLP.


Squadron Capital
Chau Ly, ’07,
has been appointed director of investor relations and business development, a newly created position. Based in Hong Kong, the firm manages funds of funds and investment programs in Asia.


Visual IQ
Frank Suljic, ’95,
has joined as executive vice president of sales. Headquartered in Needham, Massachusetts, the firm makes marketing software products.


Alumni to Know

Joanie Stringer, ’02, was named one of Connecticut Magazine’s “40 Under 40” bright, young leaders. “Making your way through the labyrinths of a company that manages $643 billion in assets can be tricky, but Stringer seems to be mastering the art,” the magazine said in its March issue. As managing director of Northern Trust Personal Financial Services in Connecticut, Stringer is the youngest such director at Northern Trust nationwide, the article said.


It may seem that current events like the Japanese earthquake and tsunami and Middle East turmoil are pummeling the economic recovery. But Diane Swonk, ’89, chief economist at Mesirow Financial, attributes a slow recovery to businesses’ failure to rapidly redeploy profits, according to a March 11 article in the Los Angeles Times. Adding to the uncertainty: cutbacks to local and state governments. “The reality is, if the economy was growing 8–9 percent, these things would be little more than noise, but they get magnified in a recovery that is very uneven,” Swonk said. “When you’re on thin ice, you don’t need any extra headwinds.”


CEO Watch: Taking the Lead

In-Soo Cho, ’84
President and CEO
StarKist Co.

Based in Pittsburgh, Pennsylvania, the company makes seafood products. Cho assumed office on March 1.

Paul Deneve, ’03 (EXP-8)
CEO
Yves Saint Laurent

Deneve’s appointment became effective in April. The fashion house is based in Paris, France.

Robert Mulokwa, ’05
CEO
Altra Steel

Based in University Park, Illinois, the company designs, fabricates, and installs structural and miscellaneous metals for commercial and industrial applications. Mulokwa recently acquired the company.

Patrick O’Shaughnessy, ’92
President and CEO
Advance America, Cash Advance Centers, Inc.

O’Shaughnessy was promoted from executive vice president and CFO. Headquartered in Spartanburg, South Carolina, the company runs non-banking centers for advancing cash in the United States, United Kingdom, and Canada.

James Renfro, ’89
CEO
Brazos International Exploration, Inc.

Renfro, who was a managing member of Renfro Energy, is set to act as CEO after Brazos, a New York–based oil and gas exploration company, acquires Renfro Energy.

Kevin Willer, ’10 (XP-79)
CEO
Chicagoland Entrepreneurial Center

The center is an affiliate of the Chicagoland Chamber of Commerce. It aims to help entrepreneurs build high-growth, sustainable businesses.


CEO Watch: Making Headlines

Matthew Desch, ’86
CEO
Iridium

Desch describes the ins and outs of his career path in a February 27 article in the New York Times. “I’m proud to say I’ve lost my job twice in my career,” Desch said. “When I look back, I know that those were two important milestones that sent me to where I am today.”


John Edwardson, ’72
CEO
CDW

Some large public companies went private before the recent recession, including tech products reseller CDW in October 2007. Back then, the firm was purchased by private equity firms for $7.3 billion. Now Edwardson says his company may go public again. The idea behind going private was “we felt we could grow more quickly if we didn’t have to worry every quarter about what earnings per share were going to be,” Edwardson said in a March 11 article in Investor’s Business Daily. The article said CDW, a Vernon Hills, Illinois–based computer technology company, is focused on investing in itself and growing. “We know that the exit strategy is likely that we will go public again,” Edwardson said. “That’s why the company has kept a high profile with advertising and marketing.”

Carlos Fernandes, ’05 (AXP-4)
Founder and CEO
RecordTV

Fernandes has been named by the World Economic Forum as one of its Young Global Leaders for 2011. His company runs a website that lets people designate free-to-air television programs that are recorded for viewing on their computers. Fernandes emerged victorious in December from a legal fight with the giant MediaCorp. “I am deeply humbled by my selection to the Forum of Young Global Leaders,” Fernandes said in a March 11 article in The Business Times, a member of the Singapore Press Holdings group. “RecordTV has always represented creative freedom—freedom for consumers to decide how they want to consume television, freedom for entrepreneurs to disrupt old industries and build new ones, and freedom for innovators to make a difference. This honor recognizes our success in promoting these ideals and demonstrates their alignment with the World Economic Forum’s commitment to improve the state of the world. Perhaps most importantly, it celebrates the environment—Singapore—that has encouraged RecordTV to pursue its daring ambitions and challenge the status quo.”

Matt Maloney, ’10
Cofounder and CEO
GrubHub

The company, which offers an online service for ordering from restaurants, has raised $34 million to date, including a recent $20 million in Series D funding, according to a March 9 article in TechCrunch.com. Maloney said in the article that the company expects to expand its restaurant listings to 80,000 from 13,000 within three months, serving more than 26 cities by the end of the year. Part of the expansion has been due to iPhone and Android apps.

Ron Packard, ’89
Founder and CEO
K12

Packard was profiled as part of Motley Fool’s “Rising Star Portfolios” series that ran February 28. The article details how the online education company has grown since its start in 2000 to $6 million in revenue in 2002, $35 million in 2003, and $70 million in 2004. “With Packard at the helm, that growth engine rolls on,” the article said. In addition to both public and private virtual education, K12 has expanded to include a hybrid model of online education and traditional onsite schooling, and an interactive curriculum where K12 sells or licenses its platform to school districts that run their own operations, the article said.

Joseph Neubauer, ’65
Chairman and CEO
ARAMARK

This year, for the fourth year in a row, the company has ranked first in the “Diversified Outsourcing Services” category of Fortune magazine’s list of “World’s Most Admired Companies.” Headquartered in Philadelphia, Pennsylvania, ARAMARK is one of the world’s largest food service providers and a leader in such managed services as building management, housekeeping, and uniform and apparel provision. “We are honored to once again be recognized as the most admired company in our industry,” Neubauer said in a March 9 Pennsylvania Ag Connection article. “This achievement demonstrates ARAMARK’s ability to deliver outstanding capabilities in professional services to our clients and customers, while providing the highest levels of service excellence and integrity.”

Dylan Taylor, ’98
CEO, USA
Colliers International

Taylor has been named a Young Global Leader for 2011 by the World Economic Forum. Headquartered in Denver, Colorado, Colliers is a real estate services company operating 480 offices in 61 countries. “Being recognized by the Forum of Young Global Leaders is a testament to Colliers International and the progress we have made as part of a global community,” Taylor said in a March 9 Yahoo! News article. “I feel extremely fortunate to be surrounded by professionals whose overriding mission is to accelerate the success of our clients, colleagues, and friends around the world.” The article said the honor is given to “only the very best leaders who have already demonstrated their commitment to serving society at large.”


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