CH_6207 alts 7/6/04 9:31 AM Page 1 www.business.uiuc.edu MSF GRAD STUDENTS MEET WITH NYC ALUMNI The Big Apple was the destination this spring for almost 70 MS in Finance (MSF) students. The students were in New York City to meet with industry executives to learn about the workings of Wall Street, the stock exchange, and large investment houses. Illini were well represented among the professional contacts the students made. In addition to the graduates pictured, the group met with Brent Milner ’90, managing director and head of healthcare investment banking for Deutsche Bank Securities, and R. Spence Hilton ’73, VP of domestic reserves management at the Federal Reserve Bank. Illini Jackie Gailland ’80 was instrumental in arranging a seminar with a representative of the International Securities Exchange. Patrick Fels ’94 shows off a Big Ten basketball championship t-shirt after his presentation to the MSF students. Fels, VP of investment banking at Goldman Sachs, spoke to the group about Goldman Sachs and investment banking with a focus on mergers and acquisitions. ALUMNI NEWS & NOTES University of Illinois College of Business 260 Wohlers Hall 1206 S. Sixth Champaign, IL 61820 A group of MSF students gathered for a photo on the steps across from the NY Stock Exchange prior to their tour. MSF student and full-time trader Kevin Conroy (l) poses with speaker Patrick Kerr ’91, CFA, associate director of quantitative services at Standard & Poor’s in NYC. Kerr spoke to the group about the S&P index. Professor of Finance Joe Finnerty (l) met with Ryan Roderick at an alumni lunch. Roderick ’97 is an associate at Goldman Sachs Princeton LLC in Princeton, NJ. Non-Profit Org. U.S. Postage Paid Champaign, IL Permit No. 245 CH_6207 alts 7/6/04 9:31 AM Page 2 Business at Illinois ALUMNI NEWS&NOTES College of Business at the University of Illinois at Urbana-Champaign Summer 2004 Vo l u m e 2 , N u m b e r 1 Capital Campaign Announced IN THIS ISSUE: WILL EXPAND SCHOLARSHIPS, RESEARCH SUPPORT, AND FACILITIES PricewaterhouseCoopers Makes $5 Million Gift 2 Accountancy Grad Receives FASB Internship 4 Assignment: Brazil 6 Business and Basketball 7 Internships Wanted 9 12 Class Notes An ambitious project that will ensure a highquality education at an affordable price for Illinois business students was announced earlier this spring by UIUC Chancellor Nancy Cantor and College of Business Dean Avijit Ghosh. The $75 million capital campaign, known as Investing in Excellence: The Campaign for Business Education at Illinois, is expected to double the College’s endowment for student scholarships, faculty chairs, and research centers and provide $8 million for the College of Business Annual Fund. Avy Stein, campaign cochair, Dean Avijit Ghosh, and Michael Tokarz, campaign co-chair, stand behind a model of the southern part of campus with the proposed instructional facility for the College displayed in the foreground. “The campaign gives our friends, alumni, and corporate partners an opportunity to ensure that future generations of students receive the excellent —continued on page 4 To Honor and Cherish “My husband was an exceedingly bright man with a great sense of integrity and hard work,” says Jeane Erley. “He was very successful, and I wanted to honor that success.” Jeane Erley ’51 decided the best way to honor her husband, Richard ’51, was to endow the Richard A. Erley Leadership Development Program at the College of Business. “Our students and alumni remain the greatest testament to the enduring strength of the College of Business.” — Avijit Ghosh, Dean Mr. Erley has dementia with Lewy bodies, which is like having Alzheimer’s and Parkinson’s combined. He resides in a memory facility next door to their home. Mr. Erley worked at several financial institutions before joining two colleagues to establish their own company in 1963. The company, Hutchinson, Shockey and Erley, Co., (now HSE) underwrites and sells municipal bonds to institutional investors. The company started out with three principals and two secretaries, but grew to over 100 employees with offices in three cities and is still going strong. In 1995, Richard Erley retired as chairman. The Erleys had a good life together. They met on the University of Illinois campus where he was president of Phi Kappa Psi fraternity and a Bronze Tablet scholar and she was president of Alpha Omicron Pi sorority. They married in 1951, just after they both graduated (his degree was economics, hers was home economics). They raised their three children in the Chicago area, then moved to La Jolla, California, in 1977. So Mrs. Erley says her husband’s story is about success. But while that is true in part, this is really a love story. You can hear it in her voice. It is a firm, vibrant voice, despite the fact that she is in her 70s. She is a strong woman, but she misses her husband. “We had a very hard year,” she says. “It’s a tragedy that he was struck down like this.” —continued on page 4 GIFT ESTABLISHES ERLEY ENDOWMENT FUND The Richard A. Erley Leadership Development Program will provide support, specialized training, and distinctive educational experiences to help College of Business students prepare for and gain a competitive advantage in the business world. The goal of the Program is to graduate business leaders who exemplify academic excellence, high ethical standards, and hard work, values Richard A. Erley endorsed and practiced throughout his distinguished career in the field of municipal bonds. The Program will support a speakers series through which visiting business leaders are invited to campus to share their experiences with students. The —continued on page 5 CH_6207 alts 7/6/04 9:31 AM Page 3 Attending the Leighton Lecture and the PwC ceremonies were many Illini and many self-proclaimed "Illini wannabes." Shown here at the dinner celebrating the gift from the partners and PwC are: (first row, l-r) Jay Henderson, Managing Partner, Chicago; Tim Reierson ’81, Chicago; Brad Oltmanns ’79, Managing Partner, Los Angeles; (second row, l-r) Brent Inman, Partner, New York; Jin Lee ’80 MAS ’82, Partner, Chicago; Dennis Howarter ’83, Partner, Chicago; Bill Kelly ’88, Partner, Chicago; (back row, l-r) Jeffrey Johanns ’77, Partner, San Jose; John Oleniczak, Partner, Chicago; Robert Filek ’86, Partner, Chicago; Ray Wilson ’84, Partner, Milwaukee; Dave Erickson ’86, Partner, Chicago; Ed Machir, Partner, Dallas; and Andy Dahle ’83 MAS ’84, Partner, Chicago. collaborating to develop Chicago-based initiatives over the next five years to support accountancy education and research. Dean Avijit Ghosh, PricewaterhouseCoopers Chairman Dennis Nally, and Provost Richard Herman formalize PwC’s gift to the College of Business. PRICEWATERHOUSECOOPERS Every partner at PwC who graduated from the University of Illinois—no matter where he or she now resides—donated his or her own money to support this effort. Those dollars were then supplemented by PwC. The cash contribution portion of the donation will be used to support the Accountancy Student Center that will be located in a new instructional facility planned for the College. The Center will serve as a home for accountancy students throughout their campus experience as well as after they complete their degree. PricewaterhouseCoopers LLP announced a major investment in the Chicago marketplace through a $5 million donation to the Department of Accountancy and the College of Business. Half of the donation will be a cash contribution and the other half will be spent through dedicated partner time, which involves “We see this as a great opportunity to develop a market-leading approach for the long-standing relationship between PwC and the University of Illinois, one that will also benefit the Chicago marketplace,” said Jay Henderson, managing partner of PricewaterhouseCoopers’ Chicago office, in early May. “Partners who’ve graduated from UIUC have cultivated their connections with the school and its students over many years. With our pledge, we are now able to significantly impact the education of future accounting graduates, graduates of the school who are already part of the fabric of the Chicago business community as well as future students from the Chicago metropolitan area.” VISITING EXECUTIVES KAREN KATEN , SHARE EXPERIENCES, PERSPECTIVES Pharmaceuticals Group and executive vice INVESTS IN CHICAGO MARKETPLACE THROUGH $5 MILLION GIFT TO COLLEGE the president of Pfizer Global president of Pfizer Inc, delivered the Technology & Management Program’s second Alan M. Hallene Visiting Executive/Scholar Lecture at the Illini The College of Business is proud of its extensive network of accomplished Center in Chicago in April. Katen spoke about and successful executives, many of whom, as visiting lecturers, share managing a science-based business to make a their knowledge and experience with undergraduate and graduate difference in the real world. The pharmaceutical students throughout the academic year. The spring 2004 semester offered industry depends on scientific innovation, and students multiple opportunities to meet distinguished executives in small Katen must manage the natural tensions between group settings as well as in the lecture hall. good business and good science. HECTOR RUIZ , As head of Pfizer’s principal operating division, Katen leads an president and CEO of Sunnyvale, California-based AMD, delivered a distinguished organization with 2003 revenue of over $43 billion and more than 50,000 lecture at the University of Illinois Research Park employees. The Hallene Lecture, named for Alan Hallene ’51, the retired in March. AMD is a global supplier of integrated president of Montgomery Elevator Company, was made possible by a gift circuits for the computing, communications, and from the MacArthur Foundation. consumer electronics markets. Ruiz spoke to students, faculty, and staff on management and corporate governance as part of his three-day visit to the Colleges of Business and Engineering. BARNETT HELZBERG JR. , former chairman of the board of Helzberg Diamonds, delivered the Myron Wang Lecture in late April. Helzberg is author of What I Learned Before I Sold to Warren Buffett: An Entrepreneur’s Guide to Developing a Highly Successful Company, a best- 2 ALUMNI NEWS & NOTES CH_6207 alts 7/6/04 9:31 AM Page 4 Jay Henderson, managing partner of PricewaterhouseCoopers, Chicago office, discusses an accountancy career with a class. PwC will collaborate with the College to develop, sponsor, and offer various programs for the Chicago business community, accounting students, faculty, and alumni. Among these programs are workshops and seminars on emerging accounting and finance issues, alumni activities to strengthen connectivity with Chicago-based graduates, a mentoring program for student leaders of College business organizations, and programs aimed at attracting a more diverse student population to the accounting profession. “The breadth of these programs will benefit many constituents of the College,” commented Dean Avijit Ghosh. “We’re excited that PricewaterhouseCoopers is growing its involvement on campus, as well as in the Chicago area. And we are delighted that this commitment includes solid support of students through new programs in mentoring, diversity, thought leadership, and career development. The investment underscores the firm’s leadership in the accounting profession.” Tim Reierson ’81, PwC lead relationship partner, said he was thrilled with the outstanding support the initiative received from PwC partners who graduated from Illinois. Many of them will devote significant time to the programs and strategic initiatives in the relationship. ■ PricewaterhouseCoopers Managing Partner Jay Henderson, Richard Leighton, and PricewaterhouseCoopers Chairman Dennis Nally chat before Nally delivered the 2004 Leighton Lecture on Leadership and Ethics. selling book about his business career. Helzberg’s lecture recounted the growth of Helzberg Diamonds from 15 stores to more than 145 and his criteria for the 1995 sale of the company to Buffett’s Berkshire Hathaway. DENNIS NALLY , chairman and senior partner of PricewaterhouseCoopers LLP, delivered the 2004 Leighton Lecture on Leadership and Ethics in May. Speaking on courage and accountability, Nally told the students, faculty, and community leaders in attendance that having the courage “to look silly, be wrong, and be right” is critical to accountancy professionals. Nally visted campus to announce PwC’s gift to the College. The Leighton Lecture series was established by Richard ’49 and Grace ’50 Leighton. An accountancy graduate, he is the retired VP of finance at LESTER MCKEEVER: “TAKE NOTHING FOR GRANTED” Since receiving his BS in accountancy at Illinois in 1955, Lester H. McKeever has not only gone on to raise two successful children with his wife, but he has also received his JD from the Illinois Institute of Technology and Chicago Kent College (’71), become a Certified Public Accountant in four states, and moved into a managing principal partner position in his accounting firm Washington, Pittman & McKeever. Yet, perhaps Lester McKeever’s greatest feat has been his ability to stay humble about the rest of his accomplishments. For instance, when asked to define the moment he realized his status as a success, he replied, “The man who thinks he has arrived has already begun to slip.” However, he is no less proud of himself, citing as his top accomplishment his fouryear appointment to chair the board of directors of the Federal Reserve Bank of Chicago in 1997. Through all this, the significance of his success as one of few African-Americans to go through Illinois in his era has not been lost on him. “Things were very difficult at the time,” says McKeever. “Even when I graduated I couldn’t get a job because of my race. That left a bitter taste about my chosen profession and how far I could go and achieve, so I certainly could not have predicted my level of success.” Despite inequities, McKeever said his allegiance to the University comes from the fact that officials in the placement office were among the small number he encountered who were willing to support an African-American—insisting on his behalf in order to get the few job interviews he received. He says that and his desire to motivate change have allowed him to move past any bitterness he might have felt at the time. “Most everything I can attribute (to) having gained recognition for, came through my education at the University,” he said. Showing his appreciation, McKeever has maintained strong ties to the University. Currently, he is a member of the College of Business’ Dean’s Business Council and is treasurer of the University’s Board of Trustees. His son, who runs his own business, Hidden Beach Recording Company, is an Illinois and Harvard Law School graduate. His daughter attended Illinois and graduated from Amherst College and Northwestern’s College of Law. She has a successful career in estate planning at a law firm. Despite having achieved so much, McKeever speaks with a tone that denotes he is not yet satisfied. For instance, he provides this advice for future graduates: “Work hard, take nothing for granted,” McKeever said. “You’re not owed anything as a graduate. You must continue to work at your education, continue to devour as much as you can, even as you mature.” Graduates looking to follow in his footsteps should take heed of these words, for unless McKeever slows down, he’s left them plenty of catching up to do. ■ Barber-Colman Company in Rockford, IL. ■ ALUMNI NEWS & NOTES 3 CH_6207 alts 7/6/04 9:31 AM Page 5 ACCOUNTANCY GRAD AWARDED INTERNSHIP AT FASB While many graduating students in the current market have found themselves scrambling to find work, Mike Kramer has put himself in the enviable position of obtaining not one, but two post-graduation positions. The 22-year-old Kramer, who holds his BS in Accountancy (’03) and completed his MAS in May, initially accepted an audit position with Deloitte & Touche LLP in New York City. Though content with his situation, Kramer happened to hear of an opportunity to be nominated for a Postgraduate Technical Assistantship (PTA) with the Financial Accounting and Standards Board (FASB) and gave it some consideration because of his familiarity with the prestigious FASB. “In my ACCY 303 class (Accountancy Institutions and Regulations), studying the FASB was about a third of the material,” Kramer said. “My other internships with Deloitte & Touche and KPMG and my experience as a teaching assistant were directly related [to the FASB].” Since 1973, the FASB has been the designated organization in the private sector for establishing standards that govern the preparation of financial reports. The one-year PTA program invites participants to work with the Connecticut-based organization in their accounting standards-setting processes. A school can choose only one applicant and, according to Kramer, about 60 schools sent applications on behalf of their students. Based on nominations from several faculty, Professor Ira Solomon, head of Illinois’ Department of Accountancy and holder of the R.C. Evans Endowed Chair, was pleased to nominate Connecticut-native Kramer as Illinois’ applicant. “He has been a stellar performer in our program,” said Solomon, who noted that Kramer is the most recent among several Illinois graduates who have been chosen for this program, though the first in about five years. Kramer believes the department’s reputation could have only helped his case for the position. “This is representative of our reputation nationwide within the accountancy profession,” said Kramer. “It helped get me the internships I’ve had as well as these two positions because we’re so well known and highly regarded.” Kramer’s employers at Deloitte & Touche were so impressed with his qualifications that they deferred their offer to him until fall 2005. Despite the many high expectations, no one around Kramer seems too worried about his ability to live up to them. “I would not only expect a smooth transition into the FASB for Mike,” Solomon said, “but also that they will find him to be a valuable member of the team and for him continue his professional growth while there.” ■ Campaign—continued from page 1 education that has been a hallmark of this institution,” said Ghosh. The Investing in Excellence campaign secured commitments for over one-third of the desired funds even before its public announcement. A large portion of the funds raised will be used toward construction of a new instructional facility for the College that will be located across the street from the current home of the College of Business, Wohlers Hall, where administrative offices will remain. The proposed instructional facility will have approximately 155,000 square feet and provide more than 20 state-of-the-art classrooms for graduate and undergraduate instruction, along with seminar and conference rooms, a career center, student services center, accountancy center, and a trading simulation and financial research center. Two College of Business alumni, Michael Tokarz, president of a New York-based private equity firm, and Avy Stein, managing partner of a Chicago-based private equity firm, are serving as co-chairs of the campaign. Both men serve on the College of Business Board of Overseers and as co-chairs of the campaign steering committee. Ghosh and the campaign leadership are confident of success. “The loyalty and support of alumni and friends are critical to building exceptional educational opportunities for our students,” he said. “By investing in the College of Business, our alumni and friends will extend the institution’s legacy of excellence.” ■ Investing in people • Advancing the frontiers of knowledge • Enriching academic programs • Improving physical and technological infrastructure • Honor—continued from page 1 “My husband was very loyal to the College of Business. He always felt that he got a great education at Illinois,” she observes. “I wanted to honor him and his character. Dick worked hard; he had enormous integrity. He knew how to work with people, to get good people to work with him, and to share the profits with them. I wanted to establish some sort of program that reflected those qualities: giving your word and keeping it, working hard, being fair and honest.” So Mrs. Erley called the University of Illinois Foundation to see what she could do to honor her husband. The couple had supported the College’s Investors in Business Education fund for many years but Mrs. Erley was interested in underwriting a broader program to introduce students to 4 ALUMNI NEWS & NOTES business leaders, who visit campus and speak first-hand about leadership and “real world” business practices, the one thing Mr. Erley felt was a little lacking in his own education. In a series of discussions with College representatives, the Richard A. Erley Leadership Development Program was established. The wording of the gift agreement is pretty dry; it doesn’t talk of love or kindness or admiration, but it is a tangible demonstration of Jeane Erley’s feelings for her husband. And it means that others will be influenced and guided by the same principles that guided Mr. Erley, allowing him to continue to serve as an example to others, despite his illness. ■ CH_6207 alts 7/6/04 9:31 AM Page 6 A winning IDM team poses with the judges (left to right): Dennis Timpanaro ’04, Lisa Mehta ’05, Jeremy Silverman ’04, Jim Dixon MSBA ’74, Reinder Vanderschoot, and Mike Shaver. PLAN FOR EVERY PART: WHAT WORKS FOR FORD WORKS FOR STUDENT TEAM A solid team effort is essential whenever working as part of a group. Lisa Mehta ’05, Jeremy Silverman ’04, and Dennis Timpanaro ’04 know the meaning of teamwork. That knowledge led them to a tie for first-place at this year’s IDM Case Competition, sponsored by the Ford Motor Company and held in mid-March. Ten teams, comprised of juniors and seniors, most in the Department of Business Administration’s Industrial Distribution Management (IDM) curriculum, entered the competition. The team of Mehta, Silverman, and Timpanaro was trailed by a Communications Office writer to see how the competition worked. T HE C HALLENGE This year’s problem involved the “lean enterprise initiative” of Plan for Every Part, which Ford is currently implementing throughout its supply chain. Each team researched the problem, gathered ideas and statistics from their in-class work and outside sources, and formulated a solution. The groups developed a 20-minute slide presentation and responded to a question and answer period. All teams participated in the preliminary competition, which was judged by two Business faculty and a Ford representative. The students were evaluated on their speaking abilities, presentation skills, research, and the plausibility of their solution. They were also assessed on how effectively they answered questions from the judges. Mehta, Silverman, and Timpanaro’s team recommended a supplement to a system already being used at Ford and outlined both qualitative and quantitative reasons for their recommendation. They then fielded the judges’ questions, defining terms, clarifying ideas, and emphasizing key points. After the initial round, the members of the team huddled to discuss the strengths and weaknesses of their presentation. “You don’t want to give too much background information because it can get monotonous,” said Timpanaro. Added Silverman, “You want to relate the solution directly to the case—[give] a basic explanation of what should be done.” M AKING I T T O T HE F INALS Four teams, including Mehta, Silverman, and Timpanaro, moved on to the final competition. They regrouped over lunch, strengthening portions of their presentation they felt were weak in the first round and clarifying C O L L E G E , A C C O U N TA N C Y REACCREDITED One function of the international Association to Advance Collegiate Schools of Business (AACSB) is to stimulate continuous improvement of business programs around the world. This spring the College of Business hosted a peer review team to review the undergraduate, masters, and doctoral degree programs. The Department of Accountancy has a separate accreditation and was also reviewed. essential background information. Three Ford representatives—alumnus Jim Dixon MSBA ’74 as well as Mike Shaver and Reinder Vanderschoot— were the final round judges. Overall, the team was pleased with their final presentation. “Chemistry is key to how a team does,” said Timpanaro, who, with Silverman, was part of the team that won the competition in 2003. “They were both good mentors,” said Mehta, an IDM junior. When the competition winners were announced, Mehta, Silverman, and Timpanaro’s team tied for first place. Each member of a placing team received a Ford-sponsored scholarship. “As hard as it is and as much effort as it takes, in the end, it’s all worthwhile,” said Timpanaro. ■ F OR MORE ON THIS STORY, READ www.business.uiuc.edu/publications/Features/2004.IDMCase/ Erley Endowment Fund—continued from page 1 Conversation with Leaders series was launched during the fall 2003 semester and will be expanded in the future because of the Erley gift. An on-site study program will give students the opportunity to visit national and international firms to gain on-the-job experiences and to examine a particular job or profession in detail. Graduate students who demonstrate exceptional leadership qualities, high academic and ethical standards, and hard work can be named Erley Fellows in the College. These students will have additional leadership training opportunities. Matching funds from the campus Office of the Provost will provide supplemental funding for the fellowship program. “I am grateful to the Erley family for this wonderful gift, which will benefit the talented young men and women in our programs,” said Dean Avijit Ghosh. ■ College administrators were pleased to learn in April that the peer review team recommended an extension of the existing certification until 2008-09, when the next on-site review will take place. The review team singled out as College strengths Accountancy’s Project Discovery, the Technology & Management Program, OSBI Consulting, and the new Compass recruiting software (see page 10). The College is one of only 480 AACSB member institutions with business accreditation. Only 165 schools have the specialized accreditation for their accountancy programs. ■ ALUMNI NEWS & NOTES 5 CH_6207 alts 7/6/04 9:31 AM Page 7 BRAZIL BECKONED: ALUMNUS HEADS CATERPILLAR OPERATION IN SOUTH AMERICA Bill Rohner ExecutiveMBA ’88 The Brazilian people are warm and friendly, the culture is relaxed and respectful, and the work ethic is nothing short of outstanding. I have been very fortunate to lead an engaged team of people at Caterpillar Brazil Ltda (CBL) as well as experience life in this exciting part of the world. My wife Kathy and I began our assignment here in Brazil four years ago when I became the president of CBL, the only Caterpillar manufacturing facility within Latin America. Our plant is near the city of Piracicaba, which has a population of about 350,000 people. Piracicaba is approximately 90 miles from São Paulo, the country’s largest city with a surrounding population of over 15 million. CBL is a complex facility manufacturing 26 different models of Caterpillar products including track-type tractors, wheel loaders, hydraulic excavators, motorgraders, backhoe loaders, and compactors. Our 3,500 employees assemble, test, and paint as well as produce all heavy fabrications and precision machining with the same technology, specifications, and quality that Caterpillar manufactures in the US, Europe, or Japan. Sales in 2003 were over US$500 million with 70% being exported to more than 120 different countries. It is truly a world-class facility (almost 2 million sq ft) that has distinguished itself by winning the Brazilian National Quality TEACHING MOJO: Award (similar to the Malcolm Baldridge) as well as many certifications including ISO9001, ISO14001, and MRP2 Class A/Operational Excellence. The business environment in Latin America is often very challenging because there is much volatility in the markets, in the exchange rate and the inflation rate, and in the overall economic environment. Flexibility, discipline, process control, and teamwork have been the keys to Caterpillar’s success in Brazil. Our four years in Brazil has been an incredible experience. In our free time, Kathy and I have taken the opportunity to travel and better understand this beautiful country and the Brazilian people. We have met wonderful people and enjoyed some of the most beautiful beaches in the world, the Amazon rain forest, the incredible waterfalls that mark the border of Brazil, Argentina, and Paraguay, and Carnaval in Rio de Janeiro. ■ Caterpillar Brazil Plant “This is the kind of class you are here for.” PRACTITIONER’S ENTHUSIASM KEEPS CLASSROOM INTEREST HIGH This spring, Mark Vonnahme’71 MS ’72 returned to his alma mater with 31 years of experience to share with students. Ostensibly, Vonnahme, retired CEO of CNA Surety, taught Finance 341, Property & Liability Insurance, while Professor Stephen D’Arcy was on leave, but Vonnahme’s goal was also to give the students a taste of what the “real world” might hold for them. A finance major, Vonnahme worked in the insurance industry throughout his career. His enthusiasm for his subject—“There are many different career opportunities in the industry”—is infectious. In the classroom, he makes sure to offer frequent real-life examples to his students so they understand how subjects such as marketing distribution systems, underwriting, claims, and the reinsurance business impacted his career. Vonnahme, who retired in 2003 and commuted weekly from his home in Darien, IL to Champaign, is a natural in the classroom. His energy, combined with his industry experience, really grabs the students’ attention. By the end of class he’s got students volunteering answers, sparking a lively discussion about investment guidelines, investment strategy, and who serves on company boards and why. “Professor Vonnahme has lots of real-world experience,” said Tom Freyer, a junior. “He has a teaching quality that can’t be taught, like teaching mojo. In other classes it is hard to understand the examples, but he breaks 6 ALUMNI NEWS & NOTES it down with real-life examples that make it more clear what surety and insurance are all about.” Jason Mezyk, a senior, agreed, “Professor Vonnahme has a unique perspective. He has a lot of energy and is letting the class have some say in the direction we go. He feels out what the students are interested in.” Throughout his career, Vonnahme’s favorite activity was building relationships and helping others succeed, and it’s no different in the classroom. He works hard to learn students’ names, no small feat in a class of more than 40. He spends time before class and after class talking to whoever comes up to chat. Whether they talk about job-related topics, or what they did over the weekend, he is seeking that connection. It helps that Vonnahme remembers what it was like to not know what he wanted to do, to feel unfocused and unprepared for a profession. “Students are no different than 30 years ago. They have a lot of knowledge and are very bright, but don’t know what they want to do,” said Vonnahme. “I wasn’t always as enthusiastic about business as I am today. It wasn’t until my junior year when I took a few finance and insurance courses that I knew what I wanted to focus on.” And many of the students have caught Vonnahme’s enthusiasm. Dustin Fornoff, a junior in finance, said, “I was a little leery when I heard Professor D’Arcy wasn’t teaching this course, but it is awesome. This is the kind of class you are here for—it’s pretty small, and we have good discussions.” ■ CH_6207 alts 7/6/04 9:31 AM Page 8 Piracicaba CIBER-SPONSORED STUDY TOUR HIGHLIGHTS OPPORTUNITIES IN BRAZIL Students in the College are encouraged to travel abroad and learn about international business and the global economy. A January educational trip to Brazil explored aspects of conducting business with the largest country in South America. Organized by the Illinois Center for International Business Education and Research (CIBER), the study tour gave participants a chance to discover the impact of culture, economics, and management on the business climate. Most of the students in the class had taken an international business course taught by Professor Joseph Cheng in the fall. Amazon River Has your degree from the College of Business led you to an unexpected corner of the globe? Let us know about it. Send your update to Ginny Hudak-David at hudakdav@uiuc.edu. The tour included stops in São Paulo and Rio de Janeiro for lectures at the University of São Paulo as well as visits to Brazilian-owned companies such as Natura and Embraer, Brazilian banks, the stock exchange and futures market, offices of Brazilian and US government agencies, and subsidiaries of US firms including Ford. Participants had a range of opportunities to learn about Brazilian customs and culture. NICK SMITH: SUCCESS ON THE COURT AND IN THE CLASSROOM In today’s college basketball environment, Nick Smith is a rarity. Some might consider him an overachiever just for not skipping college all together. But the seven-foot, twoinch center for the Fighting Illini holds himself to a higher standard. “I would be more impressed with my [academic] accomplishments if I were going to finish [my MS in finance] in four years,” said Smith when asked if he thought his achievements were significant. Though he remained modest, it is not too common for students to balance the hectic schedule of a Big Ten student athlete with the demands of finishing a BS in finance a semester early. This means that while he has player eligibility through the 2004-05 basketball season, he is a graduate student in the Department of Finance. “I’m probably the youngest person in most of my classes now,” Smith said. “But the students don’t really seem to notice.” On the court, though, Smith has made sure the Big Ten has taken notice of him in his first two seasons. An Academic All-Big Ten selection both seasons, he comfortably moved into the starting center role for the Illini in 2003-04 and contributed on both ends of the court. Among his best performances was his play during the 2003 Big Ten Tournament, when he set a tournament record with eight blocked shots in three games, and his 22-point performance against Ohio State in 2004, when he made every shot he attempted. He earned the 2004 Ralf Woods Free Throw Award for the highest free-throw percentage in Big Ten games by making 82.4 percent of his free throws. As for his academic success, Smith says he was able to finish his degree early because he came to Illinois with a semester of requirements already fulfilled. In fact, he admits that if he had been more aggressive, he probably could have finished a full year ahead of time. But he makes no apologies for his love of basketball. “Ideally, (after school) I’d want to play ball as long as I can,” said Smith. “Then, I can manage my money correctly and then get into finance… It’s just what I’m interested in, it’s kind of a hobby for me.” Keen on working with the stock market, Smith said specifically he would be interested in a role at the Chicago Board of Trade, where the tallest basketball player in Illini history would undoubtedly continue to stand head and shoulders above the crowd. ■ ALUMNI NEWS & NOTES 7 CH_6207 alts 7/6/04 9:31 AM Page 9 Returning to campus to participate in the Minority MBA Career Forum were Ronald Redd MBA ’94, VP at Harris Nesbitt, Donnavieve Hamilton Smith MBA ’93, assistant professor of marketing at Northern Illinois University, and James Young MBA ’92, CEO of the Young Management Group. INAUGURAL MINORITY MBA CASE COMPETITION A SUCCESS Norman Atkins Jr. The Illinois team in the first Minority MBA Case Competition didn’t reach the event’s February 28 finals. Yet, you would have thought they won the competition from the smile on Norman Atkins Jr.’s face that afternoon. “You get this sense of rejuvenation in bringing back some of the alumni connections to Illinois and you get confirmation of alumni’s commitment to diversity and that of their respective companies,” said Atkins of his feelings of success on that day. Atkins, who is pursuing his PhD in neuroscience and his MBA, founded the competition to help participating students see how their classroom knowledge fits into the real-world. A career forum on the eve of the competition was a chance for participants to network with their future colleagues. Six universities fielded four-person teams that were given a week to analyze the Kimberly-Clark Corporation’s product line and make a recommendation for optimizing profit on lagging products. Among those outside the University of Illinois who also saw potential for this event were Ford Motor Co., which provided cash prizes for the competition’s winning teams. Aon Corp., National Black MBA Association, and five other participating schools, including Indiana University, Ohio State University and Northwestern University (who finished first, second and third, respectively) also helped make the event a success. Additionally, Atkins said the event received tremendous support from the College, including William Qualls, a professor in business administration, who helped bring the Chicago-based National Black MBA Association on board. The association’s president and CEO, Barbara L. Thomas, spoke at the event. “This is where it all starts,” she said. “When you expose MBA students to intellectual challenges and corporate contacts, you see the possibilities of where this may lead them.” “It’s a challenge for teams to work together, not just working on parts individually, and for them to consider the implications of their proposals,” said Atkins. When he initially proposed the Case Competition idea in December 2002, the idea was to focus on interdisciplinary studies, while stressing diversity in corporate America. Although College administrators were committed to the idea, funds were limited. Absent a research grant for a study of the event’s impact as a minority recruitment and retention tool, it was decided that the interdisciplinary portion would be put on hold, and that the 2004 competition would be a “scaled-down pilot.” Building on the case competition’s strong start, Atkins said that next year’s work will be to strengthen the event and make it more robust for all participants. The vision is to maintain the competition and career fair portions of the event and to add a research poster competition that would allow graduate students to display their research in multiple disciplines. A symposium of graduate students and business leaders to discuss the importance of minority graduate recruitment and retention is on the drawing board. Essentially, Atkins said he wants to “hit every facet of opportunity for minorities” and get more schools to participate. Still, Atkins says the results were excellent for what he anticipates was the first of a long series of competitions. “There is so much excitement around the future,” he commented. “You have to draw a consistent pool of participants, company sponsors, and community leaders that see the overall value of such an event to the real world,” he said. ■ CORE CURRICULUM RECEIVES POSITIVE VOTES The common set of courses taken by all undergraduates in the College of Business is essential to the quality of a business education at Illinois, according to a semester-long analysis of the business curriculum. Forty percent of the coursework undergraduates take are part of the business core. These classes ensure students develop the analytical skills and business knowledge required of all majors. The Core Curriculum Committee (CCC), appointed last fall by Dean Avijit Ghosh and chaired by Professor Emeritus Morgan Lynge, affirmed the value of these classes in their final report. The committee’s charge was to suggest changes and modifications to help the College offer the highest quality education for undergraduates. CCC members met with students, faculty, student advisors, and members of the business constituency to gather information and comments. They also reviewed curricula at peer institutions and information provided by the AACSB accrediting agency as well as recommendations made by other curriculum committees within the last 17 years. Among the committee’s recommendations are: • creation of an introduction to business course to provide the context of business as well as an introduction to College academic resources and experiential opportunities • development of three one-credit modules to teach practical computer skills (spreadsheets, data management, and business applications development) to replace the current CS 105 requirement • creation of a Business Communications Center with staff available to work with faculty to incorporate business communications training into core courses • systematic incorporation of business ethics, international business, and critical thinking skills in core courses The committee also recommended appointing an associate dean for undergraduate programs. The associate dean would assume a leadership role in developing and implementing the report recommendations. ■ F OR THE FULL REPORT, SEE www.business.uiuc.edu/publications/News/2004/March.CoreCurriculum.html. 8 ALUMNI NEWS & NOTES CH_6207 alts 7/6/04 9:31 AM Page 10 Photo courtesy of Champaign-Urbana News-Gazette Senior in accountancy Courtney Davis (l), recipient of the Lambert scholarship, poses with (l to r) Bob Lambert ’74, Sue Lambert Fish ’79 MAS ’80, and Margaret Philhour Lambert (seated) at the March Awards Banquet. SCHOLARSHIP HONORS MOTHER’S SUCCESS IN SPITE OF SETBACKS Margaret Philhour Lambert earned a full tuition scholarship to Eureka College but, because of the Depression, her parents were not able to provide the necessary funds for her room and board. Margaret did not let this setback stop her from pursuing better opportunities. She developed accounting skills and worked at the accounting firm of Arthur Young in Chicago without a college degree. A scholarship for an accountancy student for his or her fifth year of study has been established by Margaret Philhour Lambert’s daughter, Susan Lambert Fish ’79 MAS ’80. In addition to honoring her mother and her influence on Sue’s career choice, the scholarship is a way for Sue to acknowledge the financial support she received during her fifth year of study at Illinois. Without this aid, she would have been unable to continue her education. The scholarship helps a student pursue the fifth year of study, which Sue hopes will provide the same benefits she has garnered from her MAS degree. Sue Lambert Fish, CEO and SVP of The Rosewood Corporation, is a strong supporter of the University, giving both gifts of time and financial support. The Rosewood Corporation’s matching program for employee charitable contributions has allowed her to greatly increase her financial support to the campus. Through her direct involvement with the Dean’s Business Council and Presidents Council, she learned about the decrease in the University’s funding from the State of Illinois. “In the current environment of shrinking state funding,” Sue says, “I believe that the University must turn to private support to ensure that it continues to offer students competitive educational experiences.” Margaret Lambert’s son, Bob ’74, also supports the scholarship. He too has a long history of annual giving to the Urbana campus and is a member of Presidents Council. Because of her experiences during the Depression, Margaret Philhour Lambert instilled in her children the belief that monetary wealth can be fleeting but an education is forever. She encouraged each of her four children to set high academic and professional goals. They are pleased to honor their mother through the new scholarship fund for accountancy students. ■ Tim Brenner (l) logistics and marketing manager for Vesuvius USA, is shown with business interns Brock Wyffels (center) and Adam Sprague in front of a slide gate made at the Champaign plant. INTERNSHIP AT YOUR COMPANY? DO YOU HAVE AN Interns can make a real difference to a company or non-profit organization by supplementing the existing workforce or by tackling specific projects that are languishing for a lack of manpower. Identifying internship opportunities for College of Business students is the challenge for Amy Fruehling in the Business Career Service (BCS) Office. This spring, she coordinated a breakfast meeting for alumni and students from ChampaignUrbana companies and organizations. Participants talked about the benefits of hiring interns and the impact of their work on companies. Guest panelists included representatives from Martin, Hood, Friese & Assoc., Vesuvius, Northwestern Mutual–The Wright Financial Group, and the Champaign County Convention and Visitors Bureau. The event, cosponsored by the Chamber and BCS, attracted approximately 100 local business people. Dean Avijit Ghosh and College of Business faculty and staff provided information about how to create an internship that offers value to both companies and students. Alumni interested in establishing an internship should contact Amy Fruehling (afruehli@uiuc.edu or 217-265-4045). ■ Greetings! 2004 marks the beginning of a new era for the College of Business. Our $75 million fundraising campaign—Investing in Excellence: the Campaign for Business Education at Illinois—has at its core the people of this institution: our students and faculty. This campaign seeks funds to double our endowment for named chairs, programmatic initiatives, research support, and student scholarships and fellowships. We also plan to increase our Annual Fund, which allows us to invest in new areas and to respond to new opportunities, and to construct a new instructional building. The Investing in Excellence campaign demonstrates our commitment to our outstanding students by providing them with the best education at an affordable price. I hope you will consider how your contribution can make a difference. My thanks to all of our supporters for your continuing loyalty and generosity. Without your consistent involvement and investment we would not be where we are today. I look forward to continuing our partnership as we make the College among our nation’s best. Best Regards, Tina A. Howard Assistant Dean of Development CH_6207 alts 7/6/04 9:31 AM Page 11 SETTING YOUR COURSE FOR NEW EMPLOYEES A new web-based recruiting system offers employers an array of recruiting options. Business Career Services (BCS) launched COMPASS—a real-time, 24/7 online recruiting system—during the fall of 2003. With just a few clicks, employers can review electronic resumes, post jobs, request on-campus recruiting dates, schedule presentations, and register for upcoming career fairs. And this improved resource is free, with unlimited access to the resume database and to the job postings board. • on-campus recruiting • searchable resume database • career fair • job postings • information sessions COMPASS is superior to previous systems used by BCS because it offers employers round the clock access to Business students and BCS services. COMPASS does not replace BCS staff, who continue to be available to help employers post their openings or to do the posting for them. Brian Campbell, director of accounting and control for Pasquinelli Management, LLC, made a $7,500 gift to BCS this spring on behalf of the firm. Mervyn’s, a member of the Target Corporation family of companies, took advantage of COMPASS this year. Illinois career services staff were pleased to accept a $2,500 contribution to the College from Mervyn’s representatives Michael Civello, campus relations representative (l), and James Goddard, a buyer for the company. “With top-ranked students and a system like COMPASS,” says Cynthia Faullin, associate director for recruitment, “we can achieve our goal to provide the best product and highest level of service to our employers.” If your company has openings, consider listing the jobs using COMPASS. You can get started by clicking on COMPASS Login on the BCS home page at www.business.uiuc.edu/bcs/. ■ SEEKING ALUMNI TO PARTNER WITH BUSINESS CAREER SERVICES Alumni can offer current students career information, market insight, and job referrals by participating in programs coordinated by the Business Career Services (BCS) Office. To launch their careers, College of Business students rely on strategies that give them a competitive edge. New initiatives, such as job shadowing, employer forums, and several other opportunities are being created and enhanced to assist students in their search. Additional support from alumni is being sought to provide insight and advice to current students. One opportunity for students and alumni to meet is through the College of Business Career Fairs. At the 2004 spring career fair, several alumni shared career strategies that helped them land their first jobs. Amy Peters ’02 recommended looking for a position that is a good match for personal interests. “Make a career decision based on your interest and enthusiasm in the company and the position,” she said. Similarly, John Hemingway ’02 suggested searching for a personal fit with new colleagues and the culture of a company. Peters has worked for PricewaterhouseCoopers since 2002. She performs IT audit support and Sarbanes-Oxley 404 attestation work for insurance clients. While a student, she used BCS to connect with PwC and to properly prepare for interviews. 10 ALUMNI NEWS & NOTES Networking was key to Hemingway’s employment success. Now a member of Huron Consulting Group’s strategic sourcing team, Hemingway says he obtained his job through a referral from a friend he met at Illinois. A proud alumnus, he is compelled to add that being a graduate of Illinois “puts students far ahead of graduates of other top schools.” LaQuila Jones ’00, who manages testing of benefits administration systems at Hewitt Associates, LLC, recommended that undergraduates be open to new opportunities that don’t immediately fit into their ideal picture of the future. “Often times you’ll be glad you kept your options open,” she said. Jones obtained her position with Hewitt through on-campus recruiting. Alumni participating in Career Services programs value the experience because they enjoy staying connected with the College and encouraging students. Alumni benefit from networking with other professionals, increasing their employer’s visibility with students, and identifying potential employment candidates. Interaction occurs on campus and in Chicago and some communications are via email. BCS staff would like to develop partnerships with more alumni. To participate or for more information, contact Pnina Steiner at 217-2447573. ■ CH_6207 alts 7/6/04 9:31 AM Page 12 COLLEGE NEWS AWARD WINNING FACULTY AND TEACHING ASSISTANT ANNOUNCED The College of Business announced the names of spring 2004 award winners who were selected as outstanding educators by the College of Business Alumni Association and the Office of the Provost. STAFFING NOTES A NDREW B AILEY , professor emeritus of accountancy and former department head (199597), was named the deputy chief accountant at the Securities and Exchange Commission in January. N ICHOLAS P ETRUZZI , assistant professor of business administration, received the Excellencein-Teaching Award for Graduate Teaching. S ANDRA F RANK was appointed associate dean for administration in April. In making the appointment, Dean Ghosh said Frank is a consummate professional whose “diligence, hard work, and skill in crafting innovative solutions to difficult problems” is appreciated by those with whom she works. M ARTIN M AURER , a PhD student in the College of Education, was awarded the Excellence-inTeaching Award for Teaching Assistants. Maurer teaches in the Department of Finance. A NNE G RINOLS , director of management communications, retired in December 2003 and is now an assistant dean of graduate studies at Baylor University in Waco, TX. N EIL P EARSON , Investors in Business Education Fellow and professor of finance, was selected to receive the Campus Award for Excellence in OffCampus Teaching. T INA H OWARD was appointed assistant dean for development in January. She was previously a director of development. T OM F INNEGAN , lecturer in accountancy, received the Excellence-in-Teaching Award for Undergraduate Teaching. STAFF MEMBERS HONORED S ANDRA F RANK , associate dean of administration, was named the College’s outstanding academic-professional employee this spring. A member of the staff since 1987, she is responsible for the budget, personnel, general administration, and facilities oversight. J ANE K APPES , staff secretary to Department of Finance chair David Ikenberry, was named the outstanding staff employee. Her nominators described her as “the epitome of excellence when it comes to performance, congeniality, supportiveness, initiative, creativity, and leadership.” G REG O LDHAM , C. Clinton Spivey Professor of Business Administration and Associate Dean of Faculty, was awarded the Distinguished Educator Award from the Academy of Management. One of the highest honors the Academy bestows, the award is in recognition of his long and distinguished professional career and his contributions to the development of doctoral studies. managing the College’s non-degree executive education program offerings as well as the Executive MBA program. DEATHS N ORTON B EDFORD , 87, died in November in Pasadena, CA. He was a professor of accountancy for 34 years and also served as department head. C LIVE D UNHAM , 94, died in Savoy in January. He was a professor of accountancy and also worked at the Bureau of Business Research. P HILIP F ESS , 72, died in December 2003 in Naples, Florida. Fess was a professor accountancy and retired after 35 years on campus. M ARIE P FLUGMACHER , 94, died in Savoy in January. A secretary, she retired from the College of Business after 26 years on campus. E ARL S TRONG , 93, died in State College, PA, in March. He taught in the College from 1948 to 1952. L ARRY J OHNSON , assistant dean for undergraduate affairs, retired in December 2003 after 25 years at the College. R OBERT VAN DER H OONING was named director of executive education in March. Housed at the Illini Center in Chicago, he is developing and Roger Plummer‚ ’64 (engineering mechanics) received the University of Illinois Distinguished Service Award for the Urbana-Champaign campus during May commencement ceremonies. Plummer has served on all three major UI boards—the UI Board of Trustees, the UI Alumni Association Board of Directors, and the UI Foundation Board of Directors—and also served the College of Business as an Executive-in-Residence and on the Business Advisory Council. SPRING LUNCHEON—CHICAGO Chatting after a successful Spring Luncheon are David Gilmartin ’84, president of the CBAA Board of Directors, Robert Blee ’90, co-chair of the luncheon committee, keynote speaker Jeff Margolis ’84, and Denise Maple ’90, co-chair of the luncheon committee. The March event attracted more than 400 alumni and guests to the Sheraton Chicago Hotel & Towers. Margolis Honored by CBAA The CBAA Appreciation Award recognizing outstanding service to the College was given to Jeff Margolis ’84 at the CBAA 2004 Spring Luncheon. Margolis is the founder of The TriZetto Group, a California-based IT healthcare company. He has served the College as an Executive-in-Residence, as a Cozad Lecturer in Entrepreneurism, and as keynote speaker at the 2004 Spring Luncheon. ALUMNI NEWS & NOTES 11 CH_6207 alts 7/6/04 9:31 AM Page 13 CLASS NOTES 1920s Charlie Bradt ’26 of Oak Crest was described as a “100-year wonder” in a feature article documenting his longevity and positive outlook on life. Declaring that “Living alone is for the birds,” Bradt recently passed his driver’s license renewal exam, making him one of about a dozen Illinois residents over 100 who have done the same. 1930s Roger Riedemann ’38 hit a couple of milestones in December 2003: he celebrated his 90th birthday and his 70th year of association with the Bradford National Bank. Riedemann started at the bank in 1933 while attending Illinois, was elected its sixth president in 1970, and currently serves on the board of directors. His only break in service came during World War II when he spent more than 2 years in the Navy. 1940s James Doster ’48 published a book in 2003 that documents his personal success formula honed as the owner of Financial Edge Inc. in Homewood, IL. The book is titled Be the Best That You Can Be … Every Day of Your Life. Samuel Stotlar ’49 joined the family business, Bob Stotlar Lumber Yard, after graduation. He and his brother were instrumental in expanding the company over several decades. His son, Rob, is now president. The company’s 75th anniversary was the subject of an article in the Marion Daily Republican. 1950s Elmer Wilkening ’51 was honored as the 2003 Outstanding CPA in Business and Industry last fall. He has been employed by Davis Cos. for more than 43 years and has no plans to retire. Wilma Vaught ’52 was the keynote speaker at a Pennsylvania program honoring women veterans. Vaught is a retired brigadier general and a member of the National Women’s Hall of Fame, an tribute she says pales in comparison to her successful work to establish the Women in Military Service for America Memorial at Arlington National Cemetery. Vaught lives in Virginia. Paul Robinson ’53 was inducted into the Hinsdale Center High School Hall of Fame last year. Robinson is a former US ambassador to Canada and a Navy veteran. James Bell ’55 was the subject of a feature in the Baxter Bulletin in March. Retired from the Army Reserves and from a career as a stockbroker and principle in an insurance agency, Bell has taken up a new career as an illustrator of military history. He resides in Arkansas. 12 ALUMNI NEWS & NOTES Lester McKeever ’55 was named to a September 2003 Crain’s list of people who shape Chicago. McKeever, who is managing principal at Washington Pittman & McKeever LLC and serves on the College’s Dean’s Business Council, was named to the accounting listing. Don Whalen ’58 was named commercial sales executive with Suddath Relocation Systems. Gant Redmon ’59 is the 2004 chair of the Virginia Bar Association’s law practice management division. He is a partner in the law firm of Redmon, Peyton & Raswell, LLP, in Alexandria and is active in civic affairs. 1960s Lloyd A. Karmeier ’62 is a candidate for the Illinois Supreme Court from the Fifth District. A resident of Nashville, IL, he currently sits on the 20th Circuit bench. Ross Harano ’65 was profiled in the Chicago Sun-Times about his role as managing director of the Illinois Trade Office. He and his staff are focusing their efforts on nanotechnology, biotechnology, food processing, and the environment. He cites singing jazz and blues as his passion. Hillsboro resident Kelly Long ’66 is running for election for a full six-year term as circuit judge of Montgomery County following his appointment to the bench in 2002. Long’s career has been in the public and private sector and he is an active volunteer in his community. Ed Scharlau ’66, MS ’68, PhD ’74, was featured in a Champaign-Urbana NewsGazette story in January that traced his forty-year career at Busey Bank. Scharlau began working at Busey in 1964 as a parttime teller and, four decades later, is chairman of the board. Belverd Needles PhD ’69 wrote in support of the CPA Endowment Fund of Illinois in December. He is a professor at DePaul University. 1 9 70 s Michael Tokarz ’71 MBA ’73 was named chairman, portfolio manager, and a director for MVC Capital in November. Gary Martin ’72 and his wife Deanna were honored as the 2003 Illinois Retailers of the Year in September 2003. The couple, who own Scotchmons convenience stores, live in Watseka and have two children. Paul Beckhart ’73 retired from the Marine Corps after 30 years of active service. He served in several locations in the US, Japan, Somalia, and Kuwait and received many military honors. He also has a law degree from University of San Diego and is now practicing law in Eureka, CA. S TEIN H ONORED BY CBAA The College of Business Alumni Association (CBAA) Distinguished Alumnus Award, which Avy and Marcie Stein recognizes career achievement, was given to Avy Stein ’77 at the 2004 CBAA Spring Luncheon. Also a graduate of Harvard Law School, Stein is a principal in Willis Stein & Partners. Active in civic affairs, Stein is a member of the Board of Overseers, has presented at College RoundTables, is a guest lecturer, and was convocation speaker at the 2003 MBA graduation. In 2000, he established the Stein Scholarship for Excellence in the College. Kent Cooney ’73 was appointed chairman of the board of Harris Bank Woodstock in January. Cooney is a CPA and the executive director of the McHenry County Community Foundation. Michael Krasny ’75 was named to a September 2003 Crain’s list of people who shape Chicago. Krasny is chairman of Sawdust Investment Management LLC and chairman emeritus of CDW. Joe Mantoan ’75 MAS ’76 is a partner at Accenture in Milwaukee. He lives in Whitefish Bay, WI, where he is active in his community. David Watkins ’75 was promoted to COO for European operations at Maritz, Inc. Because of his new responsibilities, Watkins has relocated to London, which will serve as home base for his work in Germany, France, and Spain, in addition to the UK. Carl Camp ’76 received the 2003 US Army Resource Management Award for accounting and finance in February. Camp works for the US Army Research and Development Center in Champaign and was honored for several initiatives including a travel card program and implementing the principles of activity-based costing. Michael Grace ’76 begin practicing law with Buchanan Ingersoll PC, in Washington, DC, in January. He still serves as the director of the Graduate Tax & Securities (LL.M.) Programs at Georgetown University Law Center. James Hackett ’76 was named president and CEO of Houston-based Anadarko Petroleum Corporation in December. Hackett held the same positions with Devon Energy Corporation before joining Anadarko. James Riley Jr. ’76 is an attorney in the health care department at McGuireWoods. Yasmin Bates ’77 was recently promoted to oversee retail banking operations in Chicago for Harris Bank. Bates is responsible for 90 of the 150 Harris branches in Chicago. Chad Gunderson ’79 and his brother Dirk are partners in AMG Homes, a construction company in Yorkville, IL. The company specializes in stick-built semi-custom homes. In a profile in the local paper, Dirk noted that Chad, who has a degree in accountancy, “handles finance, general business operations, land acquisition, and development.” Chad and his wife Patricia have three children. Kevin Murnane ’79 was named executive VP for business development at MICA, an HR systems and assessment firm with offices in several Canadian cities and Chicago. Murnane has been working on competency-based integrated HR systems, technology-based selection, and assessment systems for many years. Peter Presperin ’79 was named CFO of Fireman’s Fund Insurance Co in January. A CPA, he was formerly executive VP and president of Reinsurance and Discontinued Operations of Fireman’s Fund. 1980s Dave Bechtel EMBA ’80 retired from the UIUC Career Center after a 35-year career serving in several positions on campus. He is the recipient of numerous honors. Kent Bickford ’80 was the subject of an interview in March 2004 in the Geneva, IL, Republican. Bickford is president and CFO of Clyde’s Delicious Donuts, a supplier to the CH_6207 alts 7/6/04 9:31 AM Page 14 food industry. In the article he calls himself a “real junkie” for numbers. He and his wife Sybil live in Geneva with their two daughters. Craig Eddy ’80 was named chairman of the board of the Aluminum Association, an industry-based association that represents US and foreign producers of aluminum as well as recyclers. He is president and CEO of Coastal Aluminum Rolling Mills in Williamsport, PA. Ira Goldberg ’80 is an attorney at McGuireWoods in the financial services department. Jack Lavin ’84 is the director of the Illinois Department of Commerce and Economic Opportunity. He was appointed by Illinois Governor Rod Blagojevich to the department, which has almost 500 staff and a budget of $1.8 billion. Jeffrey Margolis ’84 and his company TriZetto Group were featured in a New York Times article in November 2003. Margolis started TriZetto, an information technology software and service firm, in his home. The company has more than 1,600 employees. Margolis delivered the keynote at the College’s 2004 Spring Luncheon. Thomas Handler ’80 received the Pi Kappa Alpha Chicago Area Alumni Association 2004 Loyalty Award in March honoring twenty years of volunteer service. Handler served the fraternity in a variety of roles while on campus and has been active since graduation. He is managing principal of Handler, Thayer & Duggan LLC where he leads the advanced planning and family office practice group. Irene Freutel ’85 and Timothy Sewell were married in February 2003. She works for the Tribune Company as VP of compensation and benefits. They live in Glenview, IL. Richard Magid ’81 was appointed as CFO of Natural Gold Corporation in January. Jacquelyn Hayes ’85 MBA ’87 emailed that she is a site controller at Ford Motor Company. She supports the HOPE (Helping Other People through Education) Scholarship for the UIUC Office of Minority Student Affairs and reports that four scholarships have already been awarded. Curtis Bennett ’82 married Stephanie Houston in September. He is a CPA with Bennett and Middendorf, LTD. Michelle Elster MBA ’82 ends her yearlong appointment as chairperson of the board for the national American Marketing Association in June. VP at Rabin Research Company in Chicago, she was president of the AMA Chicago chapter in 92-93. Michael R. Luthy ’82, PhD ’95 was promoted to professor of marketing at the W. Fielding Rubel School of Business at Bellarmine University in Louisville, KY. He was awarded a Fulbright Scholar grant to lecture and conduct research at Reykjavik University in Iceland. His research will focus on how Icelandic businesses collect and use customer satisfaction data to foster loyalty, positive referrals, and profitability as well as to motivate employees. Ann Davenport McBrien ’82 has started her own company featuring a personal care product line (www.OTplayer.com) for teenage men. She worked for Procter & Gamble for 20 years and was the first female VP of sales in the company. McBrien lives in the Cincinnati area. Gary Adams MBA ’83, village administrator for Rantoul, IL, is leaving that community to accept the county administrator post with Hernando county in Florida. Jeffrey Berman ’84 is an attorney with the commercial litigation department at McGuireWoods. B. Gerard Dages ’84 was promoted to VP for financial markets and institutions at the NY Federal Reserve Bank. He joined the bank in 1988. Al Gienko ’85 joined the commercial properties division of Century 21 Sussex & Reilly in Chicago. Gienko lives in Edison Park and is active in the Real Estate Investment Association. Mark Neville EMBA ’85 is director of foundation and corporate relations for the Mayo Foundation, the parent organization of the Mayo Clinic with campuses in MN, FL, and AZ. Neville was associate dean for development and alumni affairs at the College of Business. Chris Wheaton ’85 was named for the fourth time by Robb Report Worth to its list of 100 top advisory wealth managers across the US. He is a partner with Litman/Gregory Asset Management, an investment advisory firm that manages more than $1.5 billion in client assets. Andrew Goodman ’89 married Rebecca Foster in July 2003. He has graduate degree from the University of Wisconsin and is a commercial real estate developer. Dana Wiewel ’91 married Mickey MacMillan in Chicago in September 2003. She is a CPA and consultant in Chicago where the couple resides. David Handler ’89 is a partner in the trusts and estates practice group of Kirkland & Ellis LLP. He is co-author of the 2003 book from Aspen Publishers, Drafting the Estate Plan: Law and Forms. David Edwards ’92 and Michelle Hall were married in November 2003 in Springfield. He is an attorney with Giffin, Winning, Cohen & Bodewes in Springfield. Elizabeth Rancich ’89 married John Taylor in March 2003. She is a data group manager at Synovate in Arlington Heights, IL. The couple lives in Palatine. Lise Schleicher ’89 owns BasketWorks, an online gift company in Chicago. 1990s Robert Goetting ’92 married Sarah Gartrell in December 2003 in Knoxville, TN. He is an accounting services manager at Martin, Hood, Friese & Associates in Champaign. Scott Gray ’92 MBA ’94 continues with Lockheed Martin as manager of the Internet technology team working for the Social Security Administration. He and wife Alice relocated to Woodstock, MD, in 2003. Jodi Cordeiro ’90 is an attorney in the labor and employment department at McGuireWoods. Michael Kernan MBA ’92 is an attorney in the corporate services department at McGuireWoods. Andrew Kramer MBA ’90 has been named national director of ethnic food marketing and specialty foods at Albertson’s, the parent company of Jewel-Osco. His team is responsible for the chain’s $500 million sales (2002) of ethnic, specialty, and gourmet food. Michel Debolt ’93 MSA ’94 received the Sharpe Memorial Fellowship for academic achievement in finance at the Wharton School. He completed an internship with the Swiss Bank in London. Elizabeth Zimmer MSF ’90 married William Kinsella in May 2003. The couple lives in Chicago where she is VP of sales for Floor & Wall Carpet Co. in Roselle. Kent Willetts ’93 was named a partner at KPMG LLP in December. He provides merger and acquisition services to clients in the Midwest. Willetts lives in Chicago with his family. William Wortel ’93 is an attorney in the labor and employment department at McGuireWoods. Bruce Gold ’91 married Jill Bargas in Connecticut in May 2003. He also has an MBA from NYU and is VP in healthcare finance for BNP Paribas. Kenneth Shidler ’91 married Jane Cummins in NYC in November. Shidler is a managing director of Citigroup in New York. Dave Bowman MBA ’94 retired as foreman at Allerton Park in December 2003 and was honored at a dinner in February. Bowman and his wife, Debra, will retire to rural Decatur this summer. Scott Becker ’86 is an attorney in the health care department at McGuireWoods. Susanne Vanderlaan ’86 married Jerry Mayfield in Decatur in October 2003. She is a group comptroller for ADM. The couple lives in Decatur. Bruce Weininger ’86 was named to by Robb Report Worth to its list of 100 top advisory wealth managers across the US. He is a partner in Deloitte’s Chicago Tax Private Client Advisors group that provides wealth planning advice and services. Weininger was selected from among 1,000 advisors nominated for inclusion on the list. Emmy Moore EMBA ’88 earned board certification in healthcare management from the America College of Healthcare Executives. She is the chief nursing officer at the Gibson Area Hospital & Health Services. C HICAGO I LLINI T O M C M ILLAN OF THE Y EAR College of Business alumnus Cary McMillan ’80 received a Chicago Illini of the Year Award in April in recognition of his civic accomplishments. The award is co-sponsored by the University of Illinois Alumni Association and the Chicago Illini Club. McMillan was honored as a patron of the arts in Chicago, where he serves on the boards of the Chicago Art Institute, Chicago Symphony, Roosevelt University, and Millennium Park. He is an active volunteer for the College of Business. ALUMNI NEWS & NOTES 13 CH_6207 alts 7/6/04 9:31 AM Page 15 CLASS NOTES Gregory Grossman ’00 married Emily Cantor in August. He is an attorney with Katten Muchin Zavis Rosenman in Chicago. The couple resides in Chicago. Ryan Berg ’95 is now a CPA. He is the director of accounting services for Farm Credit Services of Illinois. Melvin Boatner MBA ’95 joined the U of I Urbana campus Office of Facilities and Services as associate director in the Employee Relations and Human Resources Office. Boatner was formerly with Indiana University’s alumni association. Ken Dilger ’95 plays tight end for the Tampa Bay Buccaneers. He is a nine-year NFL veteran who noted in a recent interview that he wanted to be a professional baseball player but focused on football because Illinois offered him a scholarship. He and his wife, Heidi, are active in the Tampa Bay community. Doug Dossey ’95 married Kathrin Dellago in Italy in July 2003. Dossey is a principal at FdG Associates in New York City where the couple resides. Carter Woodson MBA ’95 is an applications consultant for Cross Industry, Lexmark International in Minnesota. He is married with two children. Jason Young ’95 married Susan Skowronski in June 2003. He is a CPA with Brightpoint in Plainfield, IN. Tyler Petersen ’96 joined Husch & Eppenberger, LLC in March 2004 where he is an associate attorney in the corporate practice group. Scott Quinn ’96 ran for Jefferson County state’s attorney in the March Republican primary. He and his wife Julie operate Quinn & Griffeth, P.C. Laura Amrein ’97 married Vincent Juarez in October 2003. The couple lives in Grayslake, IL. John D’Antico MBA ’97 joined the law firm of Whyte Hirschboeck Dudek S.C. in Milwaukee last year. D’Antico is an associate and a member of the intellectual property team. Toni Goeddel ’97 married Joshua Hogan in June 2003 in St. Louis. She is the director of financial reporting with Aurora Foods. Brent Hathaway PhD ’97 was named the dean of the Wyoming College of Business, effective July. Before joining the University of Wyoming, he was VP of Honeywell International Aerospace Services. He served as interim dean for the past year. Tricia Lamb ’97 married Mitchell Wiegner in April 2003. The couple resides in Oak Park, IL. She is currently enrolled in nursing school at Triton College. Visarut Sribunnak MBA ’97 recently received his PhD and now works for the Chulalongkorn University in Thailand. 14 ALUMNI NEWS & NOTES Charlie Lewitz ’00 married Chad Saffro ’99 in August 2003. The couple resides in Chicago. Thomas Perona ’00 married Margarita Ziemlo in November 2003 in Wood Dale. He works for Software Architects in Westchester. They live in Wheaton, IL. Howard Engle (second from left) is shown here during the surprise award ceremony with College of Business Dean Avijit Ghosh (l) and Robert Heldeman, UIAA CFO, and Karen Tow, UIAA COO. UIAA L OYALTY H ONOR T O E NGLE Howard Engle ’72 received the UIAA Loyalty Award, an honor awarded to an Illinois graduate who has made significant contributions and demonstrated exceptional loyalty to UIAA. Engle, a partner at Deloitte & Touche LLP and an adjunct lecturer in Accountancy, has a long record of volunteering at the College of Business, including three terms as head of the College of Business Alumni Association. Andre Crump’s firm TCB-Cafe Publishing & Media released two books in the fall that got early good reviews. TCB has a book on ROI planned for 2004. Crump ’98 is the father of twin daughters and lives in San Francisco. Henry Izaguirre MBA ’98 is an associate development director at the Mexican Fine Arts Center Museum in Chicago. He was previously with Bearing Point Consulting. Kristin Knight ’98 and Mark Waldhoff ’98 were married in Danville in July 2003. The couple are employed by US Bank. Mario Moreno MSA ’98 was named in October as Morton College’s new associate vice president in charge of student retention and completion. Nikita Johnson ’99 was named assistant business manager of Mundelein High School late last year. A CPA, she was formerly at the Morton HS District and McGladrey Contract Business Services. Kathy Larson ’99 was named employee of the year for the City of Urbana, IL. She is an economic development specialist and marketing director for the city. David Lin ’99 and Sarah Lee ’01 were featured in “Perfect Proposal,” a show on the TLC cable channel. David popped the question to Sarah on a show taped in December 2003. Because the couple won an online competition, they were treated to a TLC-arranged wedding in February. Bettina Linder MBA ’99 was promoted to manager at Bearing Point in New York City. She works in the media and entertainment division. Todd Schultz EMBA ’00 joined Bush Brothers & Co., of Knoxville, TN, late last year where he is the senior manager of logistics. Neil Adams ’01 married Melissa Borgmann in February. He is a financial advisor at Morgan Stanley. Daniel Chudnof MBA ’01 established Chudnof & Eder, PLC, a full-service, general practice law firm in Canton, MI. Chudnof serves as CFO of the firm. Elizabeth Dreher MBA ’01 married Paul Lubbers in September 2003. The couple lives in Horsham, PA. Emily Megginson ’99 married David Wieman in November 2003. She is employed as director of campus recruiting for Northwestern Mutual Finance Network. Chad Eftink ’01 married Julie Dieker in September 2003. The couple resides in Quincy where he is an assistant branch manager for Enterprise Rent-A-Car. Eric Pool ’99 established and owns Berryville Vineyard in Claremont, IL. He built the winery in 2002 and sold his first wine from the 2002 growing season at the 2003 Harvest Festival, the second at the vineyard. Nicholas Lancaster ’01 married Patricia Walter in a September ceremony in Schaumburg. Lancaster is employed at Enterprise in Barrington, IL. Kristine Scott ’99 married Michael Donovan in August. The couple lives in Chicago where she is a CPA with Ernst & Young. Keri Young ’99 married Corey Richardson in November 2003. She is employed by Agri-Serve in Findley and lives in Champaign. 2000s Blake Cunningham ’00 married Kendra Moulton in July at a ceremony in Jacksonville. He is a project manager for Dynitech Systems. They live in Springfield, IL. Amy DeHaven ’00 married Brian Wiedenhoeft in July 2003. She is employed by Blackman Kallick Bartelstein LLP in Chicago. Patricia Drechsel ’00 married Jeff Gorski in October 2003. She is a financial analyst with Bank One. They live in Chicago. Bradley Foster ’00 married Becky Fuchs ’01 in July 2003 in Chicago. She is employed by Deloitte & Touche as a financial consultant and he works for Allstate Insurance. The couple resides in Madison, WI. John Manion ’01 married Ingrid Barracks ’03 in Gifford, IL, last year. He is attending Southern Illinois University School of Law. Brad Neumann ’01 established Illinois Mortgage Funding Corporation, “a complete mortgage resource.” Neumann emailed that his Schaumburg-based company is growing rapidly. Jacquelyn Phillips ’01, a first lieutenant in the Army, was awarded a Bronze Star for her service in Iraq. Commissioned in August 2001, she was honored for her intelligence work in Baghdad. Ryan Reynolds MBA ’01 is a member of Honeywell’s corporate learning team headquartered in northern New Jersey. Shannon Taylor MBA ’01 is an account executive with Procter & Gamble and moved to Cincinnati in March when she was named assistant brand manager for the Mr. Clean product line. She said P&G is “innovating like crazy” with the Mr. Clean brand. She hopes to continue recruiting for Illinois. Terry Yormark II ’01 is a partner in BOS Distilling in Chicago. The company showcased their products in Champaign in the late winter. CH_6207 alts 7/6/04 9:31 AM Page 16 L OYALTY A WARD TO C HUCK F INN Kristine Zielsdorf ’01 married Tyler Heinze in July in Chicago. She works as a private equity associate for William Blair Capital Partners. Matt Bell MBA ’02 emailed in March that he has a new position in the Office of Technology Transfer at the University of Michigan. Levi Bouwman MBA ’02 was promoted to Builder Channel Marketing Manager at Honeywell. He lives in Minnesota. Clare Hasler EMBA ’03 was named as the founding executive director of the Robert Mondavi Institute for Wine and Food Science at the University of California at Davis. The Mondavi Institute is breaking ground this year and will house the departments of viticulture and enology and food science and technology. Chuck Finn ’55 received the UIAA Loyalty Award, an honor awarded to an Illinois graduate who has made significant contributions and demonstrated exceptional loyalty to UIAA. Also a tireless supporter of the College of Business, he was given his award at the College’s annual Award Banquet in March. From left, Dean Avijit Ghosh, Barbara Hundley, U of I VP of alumni relations, Chuck Finn, and Blanche Finn. Sumita Thakurta MBA ’03 is working in Decatur for Archer Daniels Midland in their research center. Mark Donovan ’02 married Megan Pomeranke in September 2003. He is a financial manager at Citi Financial Group. The couple resides in Pontiac, IL. Christopher Gantz ’02 joined the Skokie Fire Department last fall as a full-time firefighter. Rebecca Harar ’02 married Patrick DeForest in July 2003. The couple is assigned to Fort Bragg, NC, where they are both helicopter pilots with the Army National Guard. Erin Cotey ’03 is with Marsh USA Inc in Chicago and participated in a recent career fair on campus. Class Notes information updated from October 27, 2003—April 19, 2004 IN MEMORIAM William Stout ’30, MS ’31, February 2004 Denzil Halcom ’32, September 2003 William Weise ’33, March 2004 William Murray ’34, January 2004 Robert Ferguson ’36, February 2004 Robert Hutchens ’36, February 2004 Albert Ostrander ’36, February 2004 Emil Fernholz ’37, November 2003 Ben Raskin MS ’39, February 2004 Albert Schneider ’39, November 2003 Fred Schott ’39, January 2004 Frank Cook Jr ’40, October 2003 Wilbur Gady ’40, January 2004 James Stevens ’40, December 2003 Mary Rutherford Gregory ’41, November 2003 Edward Leifer ’41, November 2003 Ruth Helander Nelson ’41, October 2003 Jean Lampert Sundheim ’41, December 2003 Welcome to the University of Illinois Alumni Association. You’ll find the online application at the University of Illinois Alumni web site at www.uiaa.org; click on Become a Member at the top of the page. Your membership is helping build an even greater University alumni network. We hope you will become involved in the Association’s many activities and take advantage of the growing number of exclusive member benefits. Rex Meilinger ’42, February 2004 Lois Rogers Jones ’42, January 2003 Lynne Van Ormer Carlson ’43, September 2003 Allan Hicks ’43, February 2004 Thelma Nesmith Andree ’44, November 2003 Robert Rivers MS ’47, PhD ’57, November 2003 James DeLong ’48, November 2003 Laurence Lenz Sr ’48, February 2004 Frank Dorigan ’49, March 2004 James Clancy ’49, October 2003 Carmen Milano ’49, January 2004 Barry Spak ’49, March 2004 Homer Mason ’50, March 2004 Allan Nelson ’50 and ’51, December 2003 Raymond McCumber ’52, January 2004 Richard Stouffer ’52, November 2003 David Traeger ’53, November 2003 Mary Martin Olivero ’54, October 2003 Michael Chiropolos ’57, November 2003 Gerald Curl MS ’57, March 2004 Thomas Stern ’57, April 2003 Ernest DiMonte ’59, April 2004 Don Browning ’62, November 2003 James Williams ’64, February 2004 James Cantalupo ’66, April 2004 Michael Cassidy ’68, February 2004 Robert Towner ’69 MAS ’70, January 2004 Victor Weathers ’70, March 2004 Thomas Ludwig ’72, January 2004 Frank Fantetti ’74, February 2004 Stephen Helis ’77, January 2004 Ronald Mount MBA ’78, February 2004 John Maan de Kok ’86 MSF ’87, October 2003 Scott Maram MBA ’93, February 2004 UNIVERSITY OF ILLINOIS ALUMNI ASSOCIATION MEMBERSHIP APPLICATION P E R S O N A L I N F O R M AT I O N Name Degree/Year Address City, State, Zip Home Phone E-mail Address Social Security Number Fax Number S E L E C T Y O U R M E M B E R S H I P O P T I O N A N D P AY M E N T M E T H O D Annual Membership Single $45 Single, Recent Grad** $30 Single, Senior Alumni*** $30 Joint* $60 Joint, Recent Grad** $40 Joint, Senior Alumni*** $40 Life Membership Single $750 Single, Senior Alumni*** $375 Joint* $1,000 Joint, Senior Alumni*** $500 Method of Payment Check: Please make your check payable to the University of Illinois Alumni Association. Credit Card: Please charge my: MasterCard VISA American Express Discover Card Number Expiration Date Check here if you would like information on other payment plans. Signature Membership dues include $12 per year for a subscription to Illinois Alumni magazine. Loren R. Taylor President and CEO Please clip and mail this application with your check or credit card authorization to: Produced by the Office of Publications and Marketing/ Office of Public Affairs for the College of Business. The University of Illinois is an equal opportunity, affirmative action institution. Printed on recycled paper with soy ink. 04.134 University of Illinois Alumni Association 1401 W. Green St., Suite 227 Urbana, Illinois 61801 J O I N T M E M B E R I N F O R M AT I O N If you have selected a joint membership, please provide the following for the joint member: Joint Member Name University of Illinois graduate? Social Security Number Relationship to Member (optional) Name on Diploma (if different from above) No Yes * Joint members are two persons living at the same address who receive one copy of each issue of the alumni magazine and Alumni Association, college and department mailings. ** Currently enrolled as a University of Illinois student or earned a University of Illinois degree within the past three years. *** Must be age 65 or older or have graduated from the University of Illinois 40 or more years ago. In the case of joint UD10 memberships, one of the joint members must meet this criteria.