Summer 2008 - Kelley School of Business - Indiana University

Summer 2008 - Kelley School of Business - Indiana University


summer 08



Meet 6 Shining Stars

For Alumni and Friends of the Kelley School of Business

Vol.11 No.2

See old friends, meet the Dean,

and enjoy Smokin’ Jack’s barbecue.

September 20, 2008 - IU vs. Ball State

Party begins 2 hours before kickoff (TBA)

Sponsored by the Kelley School of Business Office of Development & Alumni Relations

Register online at

or call (812) 855-9000 for more information.

For football ticket information, call the IU Ticket Office toll-free at 866-IUSPORTS

2 Kelley magazine Summer 2008


The Margin of Excellence

in Uncertain Times

The Kelley School is experiencing a

strong upward trajectory. Consider

where we stand as we begin a new

academic year:

• The incoming full-time MBA class is

expected to have an average GMAT

score of about 665 (up about 20 points

from two years ago). Over 40 percent of

the class will have a GMAT above 700

(the top 8 percent of business schools in

the nation).

• Our MBA and undergraduate programs

are ranked among the top 20 in the

nation overall and among the top 10

public programs by both BusinessWeek

and U.S. News & World Report.

• Our Executive Education programs are

ranked among the top 15 in the world

by the Financial Times.

Kelley is ranked No. 1 in the nation for

the quality of the classroom experience.

• Our evening MBA program is

experiencing a record number of


Kelley Direct, our online MBA

program, now serves over 1,500

students around the world with

applications up almost 80 percent over

the last two years.

• Applications this year for freshman

direct admission to the Kelley School

were up 25 percent from a record level

last year.The average SAT score of our

direct admit class is over 1340.

• Over 40 percent of our students have

an international experience during their

time in our programs.

Kelley faculty are ranked among the

top 20 in the world in terms of their

research productivity. We currently

have the authors of seven No. 1 selling

textbooks on our faculty.

• In the last year we have created new

program offerings in collaboration

with leading universities in China,

India, and Korea.

How is it that each year is better than

the last on so many key performance

metrics? The answer is that we are

fortunate to have an extraordinary

network of friends who care deeply about

their School and who support it in a

variety of ways.You provide our margin

of excellence.

Despite our successes, I maintain a

healthy level of paranoia.We compete

with the best business schools in the

world for faculty, for students and for

relationships with companies that hire

We are fortunate to have an

extraordinary network of friends

who care deeply about their

School and who support it in a

variety of ways. You provide our

margin of excellence.

our students.As I don’t need to tell any

of you, we live in challenging times. Even

so, I see this as an era of extraordinary

opportunity to advance the School. Why?

I firmly believe that over the coming year

or two, the defining feature of schools

that move forward and those that struggle

will be the level of alumni support they

receive.And I believe we can count on

your continued commitment.

I understand that with prices spiraling

upward discretionary funds are precious.

Please know that there is no such thing as

a small or trivial gift to your school.And

beyond your financial support, I ask that

you please continue to do the following:

• Interview and hire Kelley graduates.

• Tell your friends who have college-age

children about the Kelley School.

• Tell your friends who are thinking

about pursuing an MBA about our

three options – the traditional inresidence

program in Bloomington,

the online Kelley Direct program

and our evening in-residence

program in Indianapolis.

• Be responsive when our students reach

out and seek your guidance.

• Contact us and inquire about how

we can help improve your company’s

bottom line performance through our

action-oriented continuing education

programs that are custom-tailored to

your needs.

To make it easy for you to reach out to

your School, simply drop me an e-mail at, and I will see to

it that your inquiry is handled promptly.

Thank you for always being there and

for providing the margin of excellence.

Warm Regards,

Daniel C. Smith

Dean Kelley magazine 3

Indiana University >> summer 08

Vol. 11 No.2




For six women graduates, the Kelley

experience set the stage for amazing

opportunities, as well as the chance

to move beyond stereotypical careers.

They talk about the people who

inspired them and the lessons that came

along with a world-class education.


See something you like? Have

suggestions on how to improve

Kelley magazine? We want to hear

from you. Drop us a line with any

comments or suggestions. Send your

emails to:



For women, the supply chain field has

become a wide-open industry that can

adapt to multiple interests and career

situations. At Kelley Indianapolis, woman

are tapping into the field through a new

major and opportunities to interact with

major companies in the field.




A class, taught in Bloomington by

Professor Anne Massey in conjunction

with a counterpart at North Carolina

State, puts students together in Second

Life where they are challenged to find a

real-world solution – via virtual worlds –

to very real customer service problems.









Daniel C. Smith


Frank Acito

Associate Dean of Academic Programs

Patricia McDougall

Associate Dean of Faculty

and Research

Philip Cochran

Associate Dean of

Indianapolis Programs

Rick Dupree

Assistant Dean of Development

and Alumni Relations

Teresa M. Kase

Assistant Dean of Finance

and Operations

Rochelle Reeves

Director of Alumni Relations

Rex Davenport

Director of Publications

Office of Development and

Alumni Relations

Janice Headley

Senior Associate Director of

Alumni Relations


Beth Remsburg

vis-à-vis communications design



Print Communications Inc.


Principal photography

Ann Schertz (Bloomington/Indianapolis)

Patrick Pyszka (Chicago)

Cover photo by Ann Schertz

4 Kelley magazine Summer 2008

The Power of 2

Assistant Dean Rick Dupree explains how alumni will benefit

and Kelley will grow with Development and Alumni Relations

combined into one operation.

When two of the Kelley School’s vital outreach operations were recently combined into one

organization, the mission of the Office of Development and Alumni Relations took on a

new urgency. Assistant Dean Rick Dupree spoke with Kelley magazine about the challenges,

goals and aspirations for the new office.

Kelley: Why were the offices of Development

and Alumni Relations combined?

Rick Dupree: What we’ve done is

not new to many institutions, but if I

were a Kelley alumnus, I might be asking,

“Why now?” It’s evident to many that

the Kelley School operates with a private

school mentality, although still part of

a large and remarkable public research

university.Thanks to Dean Smith’s

vision and direction, we’ve chosen to

harness the powerful resources of 87,000

Kelley alumni to move us further and

faster toward the way private school

alumni networks behave, and interact.

The Alumni Relations office has

done great work over the years, as has

the Development office. But it became

evident that the timing was right and

everyone properly positioned to join

forces, alleviate redundancies, and

maximize the resources and talents

of the Kelley alumni network. Many

external relations offices within the

School have accomplished great things

over the years in pockets and silos, but

we’ve yet to effectively and repeatedly

address the entire alumni population.

Kelley: What exactly is different?

Dupree: We’re working with our

Director of Alumni Relations Rochelle

Reeves to design an aggressive campaign

to be launched in the next few months

– not just a fundraising campaign, but an

effort designed to energize our alumni

and allow them to realize what a powerful

tool they have in their alma mater.We’re

talking about job placement, faculty

resources, and admissions assistance,

among others. Our Alumni Relations

office has effectively served the alumni

population for some time, but we’ll now

facilitate much more reciprocity between

the School and its alumni and, more

importantly, between alumni and alumni.

Everyone will be able to benefit from

the often hidden intellectual capital we

have around the world to help in terms

of placement and recruiting.Will such a

new and exciting fraternal culture (like

the great private business schools enjoy

and foster) lead to increased dollars?

Sure, but that’s secondary right now.

We expect to enjoy a marked increase

in membership in the KSB Alumni

Association, event attendance, etc.

But of greater importance, we’ll have

incited a vibrant network that we can

call on to help attract the very best

students to Kelley - and place them

upon graduation. Rochelle and I have

developed an aggressive series of indices

for our work in Alumni Relations this

year that will clearly and accurately tell

us what’s working, what’s not, and how

to fix what’s not.Almost every event and

interaction with our alumni will play an

informational role in making us better.

Kelley: In what other ways do we

want to increase involvement?

Dupree: Within the alumni networks of

“hallowed” universities, there is a fraternal

spirit that is almost tangible - and

frequently annoying!You can hear it in

the way they boast of their alma maters.

That’s what the Dean wants here. It’s a

tall order.We don’t enjoy the benefits and

trappings of a major metropolitan area

and, to many, we’re still just a really great

business school located in the Heartland.

Kelley: How will this be accomplished?

Dupree: The Dean often speaks of a

wonderfully simple business plan: attract

the very best kids we can identify;

put them in front of the very best faculty

we can afford; provide the very best

learning environment we can create;

and leave them alone to do what they

do best. If our alumni know of these

great students, tell us, but talk to them

and encourage them to apply.And take

calls requesting career advice and/

or placement. I could tell you some

wonderful stories of how this is already

happening at Kelley – and at amazingly

high levels within great corporations.

Kelley: Will alumni see a difference

in the messaging they will receive in

the future from the combined office?

Dupree: You bet.And not only in

the easy things like invitations, mailings

and websites, but the very manner in

which we’ll go about our business.

We have a structured three-year goal

with success-focused metrics.We’ll

facilitate a significant, quantitative and

identifiable change in the way our

alumni interact with us and each other.

Kelley: How are we changing

the way we do business?

Dupree: Well, that’s really two-fold.

Kelley constituents will see subtle changes

at first, then more aggressive ones as

the “campaign” progresses.The KSB

Alumni Board, for instance, has some

really cool things planned for the alumni

population for this and next year.

The second change is infrastructural

but dramatic and, we suspect,

revealing. I could tell you about it

now, but I’d have to kill you….■ Kelley magazine 5

Photo by Ann Schertz

Fraternal spirit: A combined effort from

Development and Alumni Relations will drive a

deeper connection with the Kelley family.


Kelley Honors students to develop leadership

skills by mentoring their undergraduate peers

Program supported in part through a $150,000 gift from Altria Group

More companies are requiring

employees to demonstrate

leadership skills at earlier stages in their

careers. Senior honors students in Indiana

University’s Kelley School of Business

will be given an opportunity to hone

their abilities through a development

program being established this fall.

The school’s Honors Leadership

Program initially will enable 30 students

to cultivate managerial abilities by

working with 300 of their peers both as

individuals and as members of student

teams enrolled in an integrated group of

classes.They will develop interpersonal,

leadership and coaching skills that are

highly valued by future employers.

Director Katherine Ryan said the

Kelley Honors Leadership Program will

differ from similar offerings elsewhere

in that students will immediately put

into practice the training they receive

through its educational components.

“Companies want people who

can manage and lead others,” she

said. “Students who are coming out

of Kelley are almost certainly going

to be in supervisory capacities shortly

after entering an organization. If you

have people who already know how to

coach others, give positive and negative

feedback to their subordinates and help

all of the people in their department

maximize their skills, that immediately

adds value to an organization.”

The 30 seniors who comprise the

Honors Leadership Team (HLT) have

each been assigned five sophomore

honors students at Kelley and five

juniors teamed up in the school’s

Honors Integrated Core (I-Core)

classes.As a result, about 300 other

honors students will benefit and

then be encouraged to pursue being

selected as HLT mentors as seniors.

Sharon Wen: Help others succeed.

“They’ll see the results of their own

abilities to guide and motivate and

understand what people need. It’s

not just learning, it’s doing,” Ryan

said.“Other programs focus on

you as an individual and your own

leadership development, rather than

what you can do to develop others.

The program is supported in part

through a $150,000 gift from Altria

Group, which also gave $100,000 to

the Leadership Development Institute

in the school’s MBA program.Altria

Group is the parent company of Philip

Morris USA, John Middleton and

Philip Morris Capital Corporation.

“One of Altria’s core strategic focus

areas is the development and recruitment

of leaders. We hope to attract, develop

and retain diverse employees at all

levels. Our support for this program

W.T. Wright: Pass on advice.

directly falls in line with our recruitment

goals and our efforts to attract future

leaders,” said Randy Lawrence,Vice

President of Human Resources.

Participation as HLT mentors will fulfill

a senior leadership requirement that all

senior honors students in Kelley must

achieve.Throughout the year, student

mentors will provide observations

to Ryan about what works for them,

the problems they’ve encountered

and what they’ve done to respond.

HLT members get to flex their

own style dealing with each of these

individual students. In addition,

every junior-level team is going

to have its own unique problems,

conflicts, and questions. Managing

a team is an different experience.

Students who will be HLT mentors

said they appreciate the chance to share

6 Kelley magazine Summer 2008

Photos by Ann Schertz


Influential professor inspires reconnection, gift

Connection, commitment: Dave Meyer, left, was inspired by watching Prof. John Boquist at work.

It is not an unusual story.A successful

alumnus receives a publication from

his alma mater and reads stories about

others who have stepped up and given

back to their school. Oddly enough,

it was stories in a publication from his

undergraduate institution that got Dave

Meyer (MBA’79) thinking about the role

Indiana University and the Kelley School

of Business played in preparing him for

a very successful career. Meyer, a resident

of Dallas, is president of Sunbelt Modular,

one of the largest manufacturers of

modular structures in the United States.

On a visit to Bloomington in 2006 with

his son, Preston, to assess his son’s interest

in IU, he was reminded of the impact a

finance professor, John Boquist, had

made on him.

That reconnection has led Meyer to

pledge $250,000 along with an additional

KELLEY HONORS (continued)

what they’ve learned in their experiences

at Kelley and IU with their peers.

“I want to share my experiences and

help other students take advantage and

succeed in this program,” said Sharon

Wen, a senior from Carmel, Ind.“This

is also a great opportunity for me to

develop leadership skills that can be

transferred into my career postgraduation.”

W.T.Wright, a senior from Fort

Wayne and president of the IU Student

Association, added,“I hope to not only

pass along the advice and expertise I

have gained from my studies at Kelley,

but also strengthen my own

estate gift of $1 million to create the

Meyer-Boquist Chair.“It’s kind of funny,

but I got the idea for this gift from the

publications Florida State University has

sent to me over the years,” Meyer said.“I

decided I need to do this for Indiana.”

Many students can recite one special

moment when they connected with a

professor, or learned one critical lesson

from that person. Meyer can’t name one

– he said there were far too many.“I only

had one class with John, but I was his

graduate research assistant when he was

teaching Core classes,” Meyer explained.

“I was grading papers for his classes.

It was a massive undertaking. I didn’t

speak with him all that often, but I

did watch him teach and I listened

to his lessons. I knew I wanted to be

like that guy. I developed a respect

for his amazing work ethic and his

BY REX DAVENPORT Kelley magazine 7

Photo by Ann Schertz

interpersonal skills through the

interaction and activities.”

Other HLT mentors include students

who have started microfinance initiatives

to help impoverished people in Africa,

served on the campus’ Board of Aeons,

held office in other campus organizations

or are Wells, Kelley and Mitte scholars.

The success of this student-driven

program depends on the commitment

of top achievers, including those

who become HLT members, said

Ryan, previously the associate director

of the Kelley School’s Leadership

Development Institute.

ability to get along with people. I also

respected his amazing intellect. He

had all the skills I wanted to develop.

“Every week I find myself repeating

something I learned at IU. It may be just

a phrase or a few words. I find myself

thinking, that’s what I learned, and the

world hasn’t changed all that much.

Those ideas and words are still with me.”

Those words, concepts and ideas have

served Meyer well along his career path.

Starting his career in banking, Meyer

had the opportunity to study how all

kinds of businesses were financed and

how they operated.“You could get a

real feel for (future business ventures) by

looking at how companies are financed,”

explained Meyer.“Once you learn

how to finance a business, it makes it

a lot easier to do your own thing.”

The importance of gifts such as this

cannot be underestimated, explained

Boquist.The endowment of chairs

plays a major role in helping recruit

and retain key faculty members.“There

is a huge competition for talent,” said

Boquist,“especially in finance.”

Added Boquist:“Something I always

tell my students is that in business

if someone says this time it is going

to be different, it never is.” That is

as true for business education as it is

for business cycles. Committed and

connected alumni, such as Dave Meyer,

play a critical role in keeping the Kelley

School of Business the place where the

best faculty teach the best students. ■

“Simply being surrounded by such

people creates a challenge for me to

learn from others and continue to

expand my worldview to encompass the

diverse perspectives of others,” said Drew

Allenspach, a senior from Sugarland,

Texas.“The culture at Kelley thrives on

the atmosphere of creativity and social

skills. During my time here, I have

learned much about the fundamentals

and mechanics of business. However, I

have learned even more about treating

people well and leading them to perform.

That’s a special education which cannot

be placed into a book.” ■


MacCauleys find time to give back

and make a difference

Aband of brothers has developed a

watch company that allows university

graduates to display their academic

accomplishment every day on the end of

their arms.

The ClassWatch was created by

Kelley grads Ryan (BS’97) and Kevin

MacCauley (BS’07), and their brother

John, all of whom grew up in Evansville,

Ind.After individual careers in Chicago,

Washington, D.C., and other cities, the

younger brothers reunited in Manchester,

N.H., as co-owners of ClassWatch.

ClassWatch (

has licensing agreements with more

than 30 universities, including IU and

Butler. University logos are featured on

men’s and women’s high-end, brand

watches including Movado, Ebel, Baum

& Mercier, ESQ, Lacoste, Oakley and

Tissot.The back of the watchcase can

be engraved with a date, initials or

symbols.The company markets the

watches as an alternative to class rings.

Ryan MacCauley spent eight

years in the consulting division of

PricewaterhouseCoopers, including

a stint in Raleigh, N.C.When in

Raleigh, he attended graduate school

on weekends at the University of North

Carolina’s Kenan-Flagler Business

School. Kevin MacCauley was a student

at Kelley and worked with Ryan to

develop the business plan and go-tomarket

strategy for the ClassWatch.

The plan brought to fruition an

idea put forth originally in 2003 by

older brother John MacCauley, who

graduated from the University of

Evansville in engineering and the

Giving time: Kelley grads Kevin MacCauley, left, and brother Ryan are committed to giving back

through their ClassWatch business.


University of Notre Dame Mendoza

School of Business.The idea had been

put on the back burner as John nurtured

a family and developed his career in

residential property development.

With a concentration in computer

information systems, Ryan said he was

prepared for the technological challenges

of a quickly evolving business.While a

marketing student in Bloomington and

after a medical scare, Kevin successfully

founded Circle of Life, a not-forprofit

scholarship program for young

cancer survivors.After graduation, he

worked for a year in marketing for the

Corporate Executive Board in Chicago.

He has plied those marketing skills

to launch and develop ClassWatch.

“The Kelley School of Business

provided a keystone foundation in the

8 Kelley magazine Summer 2008

Photos by Ann Schertz


Kelley Indianapolis supply chain program will have an

impact on students, industry BY DON HOLLIDAY

The supply chain management

program ended its first year at

Kelley Indianapolis by producing

its first graduates, awarding its first

scholarship and doubling the number

of undergraduate majors for next year.

“Your biggest fear when you create

a new major is what if you produce

graduates and there are no jobs,” said

Mark Frohlich, associate professor of

Operations Management.“Fortunately

our first graduates are getting a lot

of attention, and I feel confident this

will continue.”

Carol D’Amico, President and CEO

of Conexus Indiana, would agree because

manufacturing and distribution logistics

make up more than a third of Indiana’s

gross state product.“Our economy is

based on producing and moving goods

into the hands of customers around

the world,” said D’Amico.“We hear a

common refrain from employers in the

supply chain that they need qualified

people.To have the Kelley School launch

this undergraduate program is a step

forward for workforce and economic

development in Central Indiana.”

Another sign of the positive response

to this new undergraduate major was the

annual funding of a $10,000 scholarship

by the Indianapolis chapter of the

National Association of Purchasing

MacCauleys (continued)

development of business on both an

academic and a personal level,” Kevin

said.“As a top-notch program, you

are surrounded by not only the best

and brightest faculty and staff, but

the most caring and genuine.”

Ryan’s career at Pricewaterhouse-

Coopers came about because of an

internship facilitated through the school’s

career services office.As a consultant for

the accounting firm, Ryan worked with

companies facing numerous challenges

related to conducting online business

securely and efficiently.“The technical

skills learned at the Kelley School

were instrumental in aiding companies

(to) solve complex issues,” he said.

Managers to help a student through

the two years in the program.The first

recipient is Sara Carter from Ladoga,

Indiana. (See related article on page

19.) “For a local chapter of a national

organization to make this type of

commitment is truly remarkable,” said

Mohan Tatikonda, associate professor

of Operations and Technology.

The curriculum for the degree is based

upon the “plan, source, make and deliver”

model common to the supply chain field.

The required courses include materials

planning, inventory management,

outsourcing strategies, operations processes

and physical distribution and logistics.

Explained Frohlich:“I think most people

are familiar with the logistics of moving

the product from the manufacturer out to

the next guy. However, if you don’t think

about what is coming in then, there is

nothing to make and nothing to go out. ”

Added Tatikonda,“ ‘Supply Chain’ can

mean different things to different people,

but when you stand back and look at

it, virtually all companies are a supply

chain organization.”

In addition to their coursework,

students will receive a Six Sigma Green

Belt.This is real-world experience

and interaction with local companies

that participate with the Kelley supply

chain program. Students are presented

“Networking with fellow business

school classmates continues today and

the courses in finance and accounting

give me confidence when dealing

with managers and executives in

the corporate world,” Ryan said.

As born-and-bred Hoosiers, Ryan and

Kevin said they always wanted to attend

Kelley.“The national reputation as a

top business school further finalized my

decision,” Ryan said.“In retrospect, the

resulting events in my professional life

exemplify the soundness in this decision.”

Kevin said he appreciated the caring

attitude of the Kelley School, particularly

Cynthia Rex, who served as his advisor

in the founding of Circle of Life.“From

with the opportunity to use tools

and techniques to improve processes

and reduce costs for these companies.

“This is very hot with supply chain

companies, and the fact that all our

graduates receive the Six Sigma Green

Belt really distinguishes our program

from others,” explained Tatikonda.

“I’m really impressed with the high

caliber of the undergrads and how they

approach these projects,” said Frohlich.

“They are hungry and aggressive.”

Both Frohlich and Tatikonda feel the

future is bright for the supply chain

management program. From five

undergraduate majors this year, the

program will grow to ten next year

and then reach 20 to 30 thereafter.

“In central Indiana alone, logistics

employment is projected to grow

20 percent over the next five years,”

said Frohlich,“We believe Kelley

graduates will be leading this trend

and helping to solidify Indiana’s

position as a global supply hub.”

“It is not just about producing

thoughtful and competent graduates,”

said Tatikonda.“The development of

this program also means that there is a

strong faculty in place and there will

be ongoing research that will help local

companies innovate, add value and

compete in the global marketplace.” ■

day one, Cynthia never questioned

my talents, work ethic, or ability to

execute. Rather, she channeled (my)

gusto into a cohesive, competitive and

professional businessperson prepared

to execute on any level.”

That philanthropic principal guides

ClassWatch, too.“We are committed to

giving back a portion of all ClassWatch

purchases to a charitable cause connected

with each university,” Kevin said.

The brothers are “dedicated to

bringing a new product to market,

enabling graduates and alumni an

opportunity to customize and design

their own luxury timepiece to celebrate

academic accomplishment,” he said. ■ Kelley magazine 9


$2 million gift by Fred Steingraber advances Kelley’s global presence

As the chairman and chief executive

officer of A.T. Kearney, Fred G.

Steingraber led an ambitious global

expansion into nearly 40 countries,

growing the firm at a compounded

rate of growth of 25 percent per year

for 18 straight years.

When Steingraber retired,A.T.

Kearney was the second-largest,

high value-added strategic and

operational consulting firm in the

world with the highest growth rate

and highest revenue per consultant.

Steingraber, a 1960 Indiana University

graduate who was associated with

A.T. Kearney for nearly 40 years –

including 18 years as its CEO, now is

looking to help IU’s Kelley School

of Business fulfill its ambition and

leverage its established international

connections and technological resources

with a targeted $2 million gift.

Steingraber’s gift will provide $1.5

million in funding for the Kelley

School’s new Global Leaders Network

(GLN).The GLN will consist of a

worldwide network of business leaders

and experts who will provide timely

insight and unique commentary on a

wide range of global business issues.

The GLN, initially implemented

through the Kelley School’s online

MBA program, Kelley Direct, will

provide learning resources for students

in all Kelley School programs. Ultimately,

Enhanced resources: A gift from Fred

Steingraber will enable new efforts and programs.

the GLN will provide a global expert

knowledge network that will serve

alumni, students, faculty, business leaders,

corporations and other IU programs.

The second part of the gift will

dedicate $500,000 to provide resources

for students aspiring to a career in

management consulting by supporting

Kelley’s burgeoning consulting

academy, institute and workshop.

“Fred Steingraber is recognized as

a visionary when it comes to doing

business in the global marketplace and

has a long history of helping the Kelley

School develop innovative programs,”

said Dan Smith, dean of the Kelley

School.“What makes this gift particularly

special is that Fred is highly engaged in a

hands-on way with the implementation

of the Global Leaders Network.

“Our students will benefit greatly from

his wisdom and the creation of this

global network of business leaders.This

is a gift that will reinforce significantly

the reputation of the Kelley School as

one of the most innovative business

schools in the world,” Smith added.

For nearly a decade, Kelley Direct

has given successful professionals and

corporations an opportunity to earn

a Master of Business Administration

or a Master of Science degree from

the Kelley School, regardless of

their location and without having

to give up their employment.

The Global Leaders Network will

offer students and alumni more video

resources online, including simulations,

podcasts, real-time interactive discussions

held globally, and team-based projects

performed in distributed, virtual

environments, on a wide range of current

and emerging business issues.

“Unlike face-to-face programs, access

to the Global Leaders Network’s

contributors will not be limited to the

normal constraints of time and space,”

said Kelley Direct Chair Richard J.

Magjuka.“Instead, business executives

who are part of the GLN can have

discussions and contribute content to

the network at anytime from anywhere.

The remaining $500,000 portion

of Steingraber’s gift will go toward

supporting Kelley’s development of both

MBA and undergraduate students who

want to follow him into consulting.

For the last five years, Paul N. Friga,

a clinical associate professor of strategy

previously with McKinsey & Company

and PricewaterhouseCoopers, has

directed the school’s Kelley Consulting

Academy for MBAs. Last year, the school

added the Kelley Consulting Workshop

for undergraduates. Each prepares

students for careers in consulting through

curriculum-based experiences, enabling

them to make connections with leading

firms and receive offers for internship

and fulltime employment positions.

“There has been a very keen awareness

among the top 20 business schools

in the country about the important

opportunities that those schools have

in serving the consulting industry,”

Steingraber said.“Kelley, I think, is

further ahead right now with regard

to this whole initiative, in terms of

the kind of training, education, formal

classroom instruction and interaction.

It’s a real-time, hands-on experience

that they’re getting from real-world

consultants that I think prepares them

for successful careers in consulting.

“Both of these initiatives and

commitments are unique and extremely

relevant in terms of learning and in

terms of creating career opportunities,

either fostering enhanced career

development through the Kelley Direct

program for people that are currently

employed in positions of significant

responsibility or, in the case of the

Consulting Academy and Institute, really

focusing on ways to increase the specific

training and development of these

students while they are here, preparing

them for a service career in management

consulting,” Steingraber said.

Steingraber is a member and past

chairman of the Kelley School Dean’s

Council and is a member of the IU

Foundation Board of Directors. He

was awarded the Indiana University

Distinguished Alumni Service

Award in 2000 and was inducted

into the Kelley School’s Academy of

Alumni Fellows in 1986. Steingraber

also received an MBA from the

University of Chicago in 1964. ■

10 Kelley magazine Summer 2008


At least two Kelley graduates are

on the front lines in Afghanistan

— one as an Army captain and one as a

civilian forestry specialist.

Neither man participates in handto-hand

combat, but each works handin-hand

with Afghanis to rebuild their

government and bolster their economy.

Capt. Christopher Cannon (MBA’07)

is a civilian affairs team leader with

the U.S.Army in Ghazni, a province

about the size of New Jersey on an

arid plateau in central Afghanistan

more than 7,000 feet above sea level.

He works with 18 district governors to

conduct community assessments and to

mentor Afghan leaders to build capacity

and capability in their government.

Danny Markus (BS’82, MBA’83) is a

U.S. Department of Agriculture member

of the Provincial Reconstruction Team

in Nuristan, a poor, remote province

in northeast Afghanistan that borders

Pakistan. Formerly Kafiristan, the heavily

forested area resembles a Montana

wilderness. His yearlong mission is to

work with tribal leaders on developing

sustainable practices to manage their

natural resources as a pathway for

economic growth.

Each man credits Kelley for imparting

leadership skills, management

techniques and the confidence to tackle

their challenging roles in a war-torn

foreign land.

“You can’t beat the Army for pure

leadership, especially when, as a platoon

leader, you lead 39 men in combat,” said

Cannon, who graduated from Sewanee

University of the South in 2001 and

served as an infantry officer for four

years before enrolling at Kelley.“The

MBA program places a large emphasis on

working in teams. In this environment

there is an ambiguous leadership structure.

Kelley developed my ability to lead and

contribute in a leaderless environment.”

Markus, who has been in Afghanistan

since April, said his business education

helped him “form an approach to

problem solving that produces the

desired results.” Markus’ desired result

in Afghanistan is to help tribal leaders

control the unauthorized harvesting of

hardwoods and selling of them on the

black market. Because of the natural

beauty of the area, leaders want to

develop Nuristan as a vacation haven for

those interested in skiing, canoeing and

other outdoor activities.

For many of the people he deals with,

every day is a life and death issue.“You

have to be careful who you talk to and

where.And this is a really new issue,

how to use their resources,” said

Markus.“They are limited by the lack

of technology.There’s no easy solution,”

he said.

Markus, who grew up in a family that

helped run Stewart’s department store

in Louisville, enrolled at Kelley for his

MBA to build his career in retailing.

After graduation, he worked as a buyer

for Bloomingdale’s in NewYork City,

and managing a Sharper Image store.

“What I really longed for was a day at

the beach,” he wrote in a first-person

column published in the Los Angeles

Times, confessing he “dropped out” for a

few years to examine his options.“While

wandering, I spent as much time as I

could in the out-of-doors, camping and

picnicking.Then it dawned on me.Why

not a job in a park?”

He enrolled at the University of

Idaho where he received a master’s in


Kelley grads on the front lines

In contact: Capt. Christopher Cannon (the uniformed soldier on the left) meets with village elders

during a luncheon. He credits Kelley with teaching him “pure leadership.”

forestry. He helped develop the Lime

Hollow Nature Center in Cortland,

N.Y., and was an assistant manager of

Buckskin State Park in Parker,Ariz.

Markus said Kelley had a method for

developing a way to look at situations

and make the highlights stand out so

one could focus on key areas rather

than clutter.The faculty populates the

memories of the captain, too. Said

Cannon:“Prof. Paul Friga’s strategy and

consulting classes had the largest impact

on my development while at Kelley.

Friga is a passionate professor who

pushed his students to dig deeper when

dealing with a problem or challenge

and really get at the ‘so-whats.’ ”

His assignment in Afghanistan came as

a surprise. He was in what the military

calls Individual Ready Reserve status

when he enrolled at Kelley in 2005 to

pursue a career in consulting.Traditionally,

personnel with this status had not been

mobilized, but the military began calling

up these soldiers involuntarily in 2004.

“In September 2006, I received notice

that I had been mobilized.The Army

allowed me to defer my mobilization

until after graduation,” said Cannon,

whose parents live in Carmel, Ind. He

went to Afghanistan in February after

about a year of training. He is expected

to return home in December. ■ Kelley magazine 11

Photo supplied


The Kelley School has produced no small number of successful and influential

graduates. Meet six women who shine brightly in a galaxy of graduates who have

leveraged a Kelley education into exciting careers and satisfying life paths.

These snapshots of female Kelley School alums reveal how much they value their

business school education, a gratitude to a dedicated faculty, and an appreciation

of the programs that have nurtured their careers.

Some credit faculty for influencing their selection of majors, including some

mind-changing experiences. Others cherish the mentorship of professors

and classmates.

To a person, though, the women say the Kelley emphasis on the

team concept and problem solving techniques have been

indispensable in their success in business.





12 Kelley magazine Summer 2008


Development gypsy takes on Indy



Tamara Zahn has been doin’ the

town of Indianapolis for 15 years,

making sure sidewalks are clean,

housing and retail get developed,

there are enough parking places and

people have a safe and enjoyable visit.

When she was named president of the

fledgling Indianapolis Downtown Inc. in

1993, sidewalks were dirty and deserted,

there were few places to live and most

retail had moved to the suburbs.A large

gaping hole in the city center reflected

the stalled hope of downtown renovation.

Since then, Zahn has witnessed a

renaissance at the Crossroads of America

with more than 250 downtown projects

completed, including Circle Centre

Mall,White River State Park, Conseco

Fieldhouse, Lucas Oil Stadium, the

Indiana History Center and six cultural

districts. Currently, 90 projects, valued

at $3 billion, have been announced or

are under construction in downtown,

including nearly 2,000 new homes.

About 20,000 people reside downtown.

Zahn started out on a completely

different path when she enrolled at the

University of Montana to study to be a

forest ranger and journalist. However, she

took off frequent semesters to serve as a

bill reader for the Indiana State Senate,

an opportunity provided by former Sen.

Phil Gutman from Zahn’s hometown

of Fort Wayne, Ind.“These diverse

experiences helped me realize I preferred

a business career and particularly was

attracted to the opportunities that real

estate offered,” Zahn said. Kelley was

one of a handful of schools that offered

degrees in real estate, and it had wellregarded

faculty with that expertise.

Zahn spent a couple of years after

graduating from Kelley in the world of

corporate real estate but soon formed

Zahn Associates. She worked two decades

as a downtown consultant for some

Diverse experiences: Tamara Zahn’s path to Downtown Indianapolis Inc. began in college.

big cities, including Baltimore, New

York, Pittsburgh, Cleveland, Indianapolis,

New Orleans, Dallas, Chicago,

Philadelphia, Orlando, and Detroit. She

contributed to such varied projects as

the Port Authority of NewYork and

New Jersey, a planned community in

Columbia, Md., and Mall of America

in Bloomington, Minn. She referred

to herself as a “development gypsy.”

It’s as if she prepared her whole

life for the job to tend the 5½ square

miles of what’s officially downtown

Indianapolis, and credits the Kelley

School for setting her on the path.

“Prof. George Bloom was a major

influence and mentor in my education

and career,” she said.“He also helped

open doors following graduation.”

A well-known expert, Bloom was

co-author of a textbook that “combined

book learning with practical, real-life

applications.” She added:“I still have

the appraisal I wrote for one of his

classes.As part of his classroom, he

often invited real estate department

alumni to lecture. Many of them

remain good friends today.” ■ Kelley magazine 13

Photo by Ann Schertz


Attitude, experience make for successful outcomes



If there is one thing Joleen Spencer

Oladeinde took away with her from

the Kelley School, it was that things

are possible to those who believe.

She looks at her own college

experience as the prime example of

that philosophy. She graduated with a

degree in liberal arts from Iowa State

University and entered Kelley with no

work experience other than summer jobs.

“I didn’t have any real context

about business. I had to learn about

everything related to the business

environment from the ground up,” said

Oladeinde, senior vice president of

marketing at ShoreBank in Chicago.

She draws on that experience today

when faced with new responsibilities.

“Most of the time I am able to learn

what I need to know and meet the

challenge. I take on new jobs, challenging

assignments or situations with a positive

attitude and expectation for a successful

outcome,” she explained.

It was quite a culture shock for the

Iowa-raised young woman when she

entered the credit-training program at

Citibank in NewYork City, where she

worked for 18 months. She transferred

back to the Midwest to Citibank’s

offices in Chicago, where she stayed

seven years in various lending jobs.

In 1984, she joined the marketing

department at Harris Bank in Chicago,

working with the Midwest Business

Banking Group for nearly 20 years.

“Yet, when the opportunity to build

a marketing department at Chicago’s

ShoreBank was presented, I was thrilled

to have an opportunity to work with

a company that was triple-bottomline

focused: community, environment

and profits.” ShoreBank, which was

founded in 1973, is a leading community

development and conservation bank.

Its mission is to invest in people and

Teamwork: Joleen Spencer Oladeinde says one of her most important lessons from

Kelley was the importance of working in teams.

their communities to create economic

equity and a healthy environment.

A finance class, taught by John

Boquist, was her most difficult, and it

changed her focus a bit.“He was a great

teacher, tough, but fair. I was a finance

major and had to take the class, but

it certainly helped me to understand

that I did not want a job in a finance

area. So, I chose banking instead.”

An economics class taught her about

the various components that make up

the nation’s Gross Domestic Product,

something she calls on every day.“I

thought a lot about getting a doctorate

in economics but once I started working,

I saw macroeconomics in action in how

banks supported industries that supported

the domestic economy,” Oladeinde said.

“Today, I am more of a part of creating

change as ShoreBank’s community

development and environmental

focus has a direct and positive impact

on people’s lives and livelihood.”

At Kelley, Oladeinde learned “how to

work and win as a team.” She explained

that she “enjoyed the camaraderie

of the groups, though, and found it

challenging to be dependent on others

for how well I did.Today, my best

work is still done with groups. I’ve

learned that having diversity in a group

is critical to making and creating the

best business decisions and solutions.”

She has served on the Kelley School

of Business Alumni Association Board

of Directors and was president in

1997-98.“I’m still in contact with

many of my graduate classmates all

over the country, and I encourage

friends with college-bound children

to check out Indiana. I love IU!” ■

14 Kelley magazine Summer 2008

Photo by Patrick Pyszka


IT classes built teamwork skills



rofessors get blamed for a lot when

things go bad, but for Laura

Larimer, they get the nod for her

career choices.

An intro to information technology

class taught by Wainwright Martin gets

the credit for the career choice Larimer

made, one that has taken her from a

manufacturer of consumer goods to

state government to diesel engines.

Larimer, who has a degree in speech

communications from Indiana State

University, had been working in

advertising sales in Bloomington and

wanted to move to the business side

of the ad agency. She knew she would

need business credentials, as well as

additional analytic skills, to do so.

She came to Kelley to get an MBA

in marketing, until she took Martin’s

information technology class.“Changing

my emphasis to IT made absolutely no

sense, but it just felt like what I wired

to do. So, I took the leap. Interestingly,

some of my greatest successes have

been in the Web, which brings

together technology, marketing, and

management skills.”

When she completed her MBA, she

went to work at Procter & Gamble in

Cincinnati, but family responsibilities

in Terre Haute called her back to

her Hoosier roots. For the Indiana

Department of Commerce, she oversaw

research and technology services

and then directed the state’s shared

technology services organization for a

year before taking on the role of Chief

Information Officer for the state.

Larimer left state government with the

change in administration and became

director of information technology

and planning at Ivy Tech Community

College.At Cummins Inc., she is

Director, IT Architecture and Standards,

and is responsible for the infrastructure

architecture, information security,

suppler relationship management,

and functional excellence.“I focus on

people, processes, and tools used in

the IT function across business units

that ensure the function can deliver

superior results to its customers.”

Besides Martin, business economics

professor Morton Marcus influenced

her knowledge in that arena. However,

her most interesting experiences

came with the application of

teamwork skills in group projects.

In her very first project, the team

split into two different camps regarding

conclusions and recommendations.“The

more they talked, the more entrenched

they became,” she explained.“I didn’t

find the positions all that different, but

my attempts to bring the sides together

were not effective. I finally decided to

volunteer to write the first draft of the

paper, believing that I could bring both

points of view together in the document.

I e-mailed it to all team members

(and) received e-mails from both sides

thanking me for understanding what

they were saying and writing the

paper to reflect their position.That is

a technique I have used to reconcile

‘violent agreement’ ever since.” ■

Hoosier roots: After a stint with Procter & Gamble, Laura Larimer found herself back in Indiana in

various roles with state government. Kelley magazine 15

Photo by Ann Schertz


Music career plays into wealth management



Joo Boe’s first step on a career path

was as a member of the Beaux Arts

piano trio under the direction of

IU’s Menahem Pressler.A grant from

the National Endowment for the Arts

allowed her to spend a couple of years

traveling in Iowa as part of a music

outreach program, with stints at Hawkeye

Community College and other venues.

After earning bachelor and master

degrees in piano performance from IU

and spending several years of teaching

and performing piano, Boe found the

work less rewarding than she had hoped

and opted to attend graduate school.

A pianist since her childhood in

Springfield, Ohio, she thought she

would meld music with business and

seek a degree in arts administration

or management.

It seemed a natural segue. She knew

how grants worked and had experience

with several kinds of music venues, from

concert halls to classrooms, as well as

working with musicians and the public.

However, the influence of a brother

and sister — each with an MBA from

Columbia University — persuaded her

to focus on finance at the Kelley School

of Business.Today, Boe is vice president

of Credit Suisse Private Bank in Chicago.

“I really like private wealth

management, counseling clients on

building their wealth and in their

dealings with the financial markets,”

said Boe. Private wealth management

is a growth area and many financial

institutions seek clients in that area. But

for Credit Suisse, private banking is a

large part of its financial revenue and

she was impressed that this sector is such

a strong force in its overall operations.

Kelley’s program was well rounded, she

said, especially in developing networking

skills, something she relies on every

day in her work. She cites her thenprofessors

Dan Smith and Robert “Buck”

Klemkosky, who served as a mentor, as

having the greatest influence on her

education and career. She participated

in a women’s study group while at

Kelley and, coincidentally, all of the

members now reside in the Chicago.

While at IU, she met and married

violinist Stephen Boe, associate

concertmaster of the Lake Forest

Symphony and a graduate and former

faculty member of the IU School

of Music.The couple are parents

of two children, ages 2 and 5. ■

Networking: Joo Boe says she learned the importance of networking and staying connected

with her Kelley classmates as her career progressed.

16 Kelley magazine Summer 2008

Photo by Patrick Pyszka


Kelley crafts a marketing guru



Innovation-driven: Cynthia “Cie” Nicholson met numerous challenges in product

development at PepsiCo.

Cie Nicholson had no idea if she

wanted to specialize in finance or

marketing when she enrolled in

the Kelley School of Business. But

with the help of faculty and the courses,

Nicholson “fell in love with marketing

and the opportunities it brought.”

That could almost be an

understatement for Nicholson, who

grew up in the Chicago area and has

an undergraduate degree in bioscience

from the University of Illinois.

After completing her MBA, she

worked at R.J. Reynolds for nine years,

“I had a great experience with

all of them. It was an influential

network with classmates and

the group studies. It was kind of

the whole Gestalt.”

including director of new brands. In

1997, she moved to another brand

giant, Pepsi-Cola North America, the

refreshment beverage division of PepsiCo.

In 2005 she was named senior vice

president and chief marketing officer.

Nicholson selected IU after looking

at schools in the East, but found them to

be expensive and “not in the Big 10.”

She credits Kelley classes and faculty

for crafting her into a marketing guru.

She particularly liked the way faculty

would bring top business people to

class, where students could hear about

the executives’ careers and ask questions

about their companies and their work.

“I had a great experience with all of

them. It was an influential network

with classmates and the group studies.

It was kind of the whole Gestalt.”

Soon after joining PepsiCo as director

of innovation, Nicholson was named

vice president of carbonated soft drink

flavors, which includes Aquafina, Dole

and Tropicana brands. Essentially, it was

any flavor except Pepsi. She launched

the cherry-flavored Mountain Dew

Code Red, which became the most

successful new product in the soft

drink industry in 20 years. She also

expanded the Sierra Mist market

throughout the United States.

In her 20 years in two huge

international corporations, Nicholson

said she has never felt hampered in her

progress because she’s a woman. She

credits as a prime influence working

with strong female role models at

Pepsi as a prime influence. She said

she was particularly influenced by

Indra Nooyi, the first woman to be

chief executive officer at PepsiCo, and

Dawn Hudson, former president and

CEO of Pepsi-Cola North America.

“I never thought there would be

bias,” she said.“I’ve been successful in

the fact I’ve jumped into every job I

was given. I work well collaboratively

and I definitely learned that at IU.”

She has many great memories of

her time on campus, comparing IU

and Bloomington with the University

of Illinois at Urbana-Champaign as

similar college-town environments.

She took with her lifelong friends.

Nicholson said she’s been well served

by her Midwestern upbringing and

education.“You don’t recognize it while

you are living there, but the Midwest

has a hard-work ethic and a more

humble outlook on life, almost like a

more calm approach,” she explained.

“I can go into situations easily, ask a lot

of questions and have an influence.” ■ Kelley magazine 17

Photo by Ann Schertz


From Bloomington to Micronesia and beyond



Business was something Seema Shah

had considered when she went to

college, but coming from a family

of scientists,“I always thought I had

to pursue something related to science,

which I believe is the mentality of many

Indian-Americans of my generation.”

So, she enrolled at the University of

Wisconsin where she majored in genetics

for a year and discovered a daunting six

semesters of chemistry were required

for her degree. She spoke to her parents

about switching majors, and then made

the decision.“It didn’t make sense to

remain at UW because I had such a great

in-state business school,” said Shah, who

grew up in Munster, Ind.“I transferred

and have never regretted that decision.”

Shah started in marketing at Kelley,

but switched to operations management

after completing the Integrated Core,

the intensive, semester-long study of

finance, marketing, operations and

strategy. I-Core helps students understand

how these critical functions affect

business from various perspectives.

As her studies progressed, she took

a semester during her junior year to

study at the University of Manchester

Institute of Science and Technology in

England, which whetted her appetite for

“everything international,” she said. Shah

noted that working as a teaching assistant

for Associate Professor Carl Briggs, who

she called “an incredibly inspiring and

motivating individual who has a true

passion for what he does,” as one of the

key moments of her time at Kelley.

Shah credits Kelley’s undergraduate

career services office for helping her

land a job with Allegiance Healthcare

(now Cardinal Health) in Grand Prairie,

Texas. She noted that it was one of

“three great job offers at the time, and

it was difficult to pick one.” She was

a field service specialist who worked

with several large healthcare facilities

in Dallas, assuring that medical supplies

More outgoing: After traditional legal profession roles, Seema Shah, took her Kelley-developed

skills to the other side of the globe.

and deliveries went smoothly.“The job

was interesting, but after a few months

of work, I was confident that I wanted

to pursue a graduate degree and applied

to law school,” she said. Shah earned her

JD in 2006, graduating summa cum laude.

At the IU School of Law-Indianapolis,

Shah was executive managing editor of

the Indiana Law Review and published

a paper on the relationship between

low-income housing tax credits and

the quality of schools in the area. She

spent 10 weeks as an intern with the

Program in International Human Rights

Law at the Legal Resources Centre in

Accra, Ghana, where she conducted

research on microfinancing.“I was

drawn to the concept of giving financial

services to low-income individuals. I

think my years at the Kelley School

made me so excited about the concept

of microloans and having people use

them to start small – sometimes very

small – but sustainable businesses to

support themselves and their families.”

After law school, she clerked for Indiana

Supreme Court Justice Theodore R.

Boehm.“I don’t think I have learned

more from one individual than Justice

Boehm. My writing and research skills

increased ten-fold because of him.”

After her clerking duties, the

international bug took hold and she

moved to Colonia,Yap, in Micronesia,

where she is legal counsel to theYap State

Court’s trial and appellate divisions. She

also taught small business management at

the College of Micronesia-Yap Campus,

where she had five students.Their final

project was to write a business plan.“I

was amazed at how hard some of the

students worked on this business plan

and equally impressed at the ideas. My

favorite included a coffee shop (Yap

does not have one), a local fruit market

and an athletic footwear store.Without

my Kelley education I would not have

felt confident teaching this course.”

She also credits Kelley for making her a

“more outgoing person.” She added:“The

school is full of so many dynamic and

motivated individuals that you are forced

to come out of your shell. Importantly,

the Kelley School teaches you how to

network, a skill that is invaluable. My

fellow students challenged me just as

much as my professors, and I’m not sure

if that’s true in every business school.” ■

18 Kelley magazine Summer 2008

Photo supplied

If you know a young woman looking

to catch the next big wave of career

opportunities, you might suggest she

check out supply chain management.

Carol D’Amico, President and

CEO of Conexus Indiana, feels

that jobs such as distribution center

managers, warehouse managers,

planners, inventory analysts and many

more are a prefect fit for women.

“First, they pay very well. In fact, they

pay above state and national averages,”

said D’Amico.“Plus, because they

are 24/7 they can be very flexible to

accommodate women who are trying to

balance their home and work schedules.”

The 2008 Indiana Manufacturing

and Logistics Report Card, sponsored

by Conexus, predicts that future

manufacturing success in Indiana

will mean logistics employment will

continue to grow. Plus, new distribution

centers locating in central Indiana,

such as Medco and Amazon, will

also add to the bright outlook.

One recent Kelley MBA graduate

who already has eight years of

experience in supply chain is Delia

Askew. She works in planning and

purchasing at Roche Diagnostics.

“Women are digging into areas

where they were not seen before,

Supply chain careers

appeal to women

Kelley programs accommodate them


Great opportunity: Sara Carter, a Supply Chain major at Kelley Indianapolis, was the recipient

of a new scholarship for the study of supply chain management and logistics.

including the supply chain,” explained

Askew.“At Roche, manufacturing and

engineering are still predominately

men but women hold about 70 percent

of the positions in purchasing and

planning, including the seniorVP.”

This past year Askew participated

in the Global Supply Chain and

Innovation (gSCIE) enterprise program

at Kelley Indianapolis that directs

graduate students to work in teams

with sponsoring companies on a variety

of problem-solving projects within

the supply chain. Participation in the

enterprise program is split evenly

between men and women MBA students.

Askew explained that for the two

projects in which she participated

most of the executives she worked

with were men, but they were very

receptive and encouraging to women

involved in the supply chain.

“It was my best experience in the

MBA program,” said Askew.“It really

broadened my scope to work with

companies different than Roche and in

different areas of the supply chain.”

One of the first undergraduate

students in the new Supply Chain major

at Kelley Indianapolis is Sara Carter. She

is also the first recipient of a National

Association of Purchasing Managers

(NAPM) – Indianapolis $10,000

scholarship. Carter has been an assistant

warehouse manager in Crawfordsville,

Indiana, for four years and credits this

work experience with helping her

determine her major.

“It is an exciting field and definitely

a great opportunity for women,” said

Carter.“There is just so much to it.You

are not just focused on one specialized

area. It is so broad that you can go into

many different areas.”

Mark Frohlich, associate professor

of Operations Management, noted

that it is ironic that women are just

noticing the supply chain opportunities

in civilian sectors when it has been

very popular in the military.

“Working in military logistics

has given women the opportunity

to play an important role that is

close to the front lines without

actually being in combat,” he said.

D’Amico said she has met many

women working in the supply chain

who really like the customer service and

problem-solving aspects of these jobs.

When they encounter a problem, they

are very good at figuring out the root

cause and solving it quickly. “We need to

tell women about these opportunities…

even as early as high school,” she said. ■ Kelley magazine 19

Photo by Ann Schertz


David Haeberle: Kelley’s investment

banking “secret sauce” BY CAROL SCHEUER

It doesn’t take much to figure out

when a recipe is a success. People

consume it, recommend it, and return for

more. In the case of the Kelley School’s

Investment Banking & Capital Markets

Workshop, the recipe is one-of-a-kind

– and David Haeberle (BS’83, MBA/

JD’86), clinical assistant professor of

finance and Peterson Faculty Fellow in

Investment Banking, is the “secret sauce.”

Haeberle’s workshop, known simply

as the IBW, creates buzz among Kelley

students, alumni and recruiters for good

reason – record numbers of students are

taking the fast-track from Bloomington

to Wall Street.This might seem unusual,

considering Kelley’s location in the

Midwest and Haeberle’s resume, which

doesn’t include investment banking or

work on Wall Street. However, a closer

look reveals why his background is

ideal and his process produces a perfect

scorecard, year after year.

Experienced entrepreneur,

finance practitioner

“I’m an entrepreneur at heart and

I believe investment banking is an

entrepreneurial profession,” said

Haeberle, a savvy businessman who’s

an 18-year veteran entrepreneur and

financier of high-growth companies.

Haeberle has been a principal in

venture capital partnerships and

currently serves as principal and chief

financial officer for two high-potential

companies: Envisage Technologies, a

software development company, and

ECO Oxygen Technologies, a waterquality

management company.

Haeberle naturally gravitates toward

opportunity and admits he enjoys a

challenge, win or lose. He co-founded

COMMAND Corporation, a financial

consulting and corporate governance

company with his father, Kelley

professor emeritus William Haeberle.

Like his father, David has taught many

of the entrepreneurship courses on

the undergraduate and graduate levels.

“I teach from my experiences – most

likely from last week,” he said.

Promoting ideas and people is one

of many talents Haeberle has that serves

him well. He says,“What investment

bankers have to sell are their ideas and

creativity, and therefore you have to

be very entrepreneurially oriented to

Teacher and mentor: David Haeberle’s

lessons reach far beyond the classroom.

survive in the industry.” When he took

over leadership of the IBW in 2002,

he headed to Wall Street and started

knocking on doors to talk with alumni

and recruiters. He wanted to understand

their needs as well as promote his

students. In five years he’s grown Wall

Street investment banking offers for

Kelley students 1000 percent, and his

programs have placed a total of 277

undergraduates with Wall Street firms.

Even in the current economic slump,

investment banking firms this year hired

a record 47 Kelley students for summer

internships, 34 of them in investment

banking internships.

Haeberle is committed to preparing his

students for “a career that can take them

20 Kelley magazine Summer 2008

Photo by Heather Warnsman

anywhere they want to go.” He said,

“I teach kids how to play the game of

investment banking and how to build a

network that can last for a lifetime.” His

formula and non-traditional approach

combine a solid investment banking and

core finance and accounting curriculum

with hands-on learning of the industry.

Haeberle handpicks students who are

likely to excel, then teaches them how to

become extraordinarily high performers.

Mentor, leader

Anyone associated with IBW will

profess that Haeberle is that special

ingredient that makes the program

unique: a perfect blend of practitioner,

leader and mentor.Todd Richter

(MBA’81), managing director of Bank

of America Securities and Dean’s

Council member, explained:“There is

no one at any school in the country like

David Haeberle. No one works as hard

at preparing students for Wall Street.

Beyond his unique understanding of

Wall Street, his personal involvement

adds so much to the program.”

Richter emphasized the realworld

learning Kelley students bring

to the industry, and adds,“Kelley

students are exceptionally trained in

general, but the IBW gives students a

special insight into what Wall Street

is all about.There’s no question that

their skill set and knowledge of the

business are head and shoulders

above what other students offer.”

Michael Goy, co-president of IBW’s

Class of 2008, explained that “Professor

Haeberle understands it’s not just

about telling us what to do. He goes to

NewYork with us; he attends all firm

presentations; he e-mails us at 2:00 a.m.;

he’s in the trenches with us every day.We

know we can go to him for sound advice.”

IBW members are known to be

exceptionally motivated individuals who

are proud to give back to Kelley even

before graduation. Seniors promote the

program as “ambassadors to Wall Street,”

and they teach, coach, and mentor

younger students. Haeberle has built an

“enduring model” where alumni remain

lifetime IBW members.Alumni actively

mentor younger members and help them

network while learning the industry.

Demand for more

In addition to his work with the IBW,

Haeberle started the Investment Banking

Seminar, providing more opportunities

for talented seniors (including non-Kelley

students) to learn to “play the game

of investment banking.”Additionally,

he’s created more opportunities for

freshmen and sophomores to learn

to play the game early on, adding an

introductory investment banking course

and the Investment Banking Club.

There’s no doubt Haeberle loves his

multifaceted career as businessman,

teacher and mentor – a role he’s

perfected given his unique background

and talents – and he’s always up for

the next challenge. He recently signed

on as co-director for Kelley’s MBA

Investment Banking Academy. ■


Kelley students put Web

2.0 through a real test in

virtual classroom with

far-flung cohorts

Students from the Kelley School

of Business were working in

sync – virtually – with cohorts at

North Carolina State University’s Jenkins

Graduate School of Management this

spring to learn about service innovation

without ever leaving their campuses.

Instead, they used a collection of Web

2.0 technologies (e.g., wikis) and the 3D

virtual world Second Life to hold meetings

and collaborate on team projects.

Learning to navigate the uncharted

territory was one of the goals for the

42 students enrolled in the new course,

Service Innovation Over the Lifecycle,

offered by Kelley’s Master of Science in

Information Systems (MSIS) program.

Anne Massey, Dean’s Research

Professor of Information Systems at

Kelley, and Mitzi Montoya, Zelnak

Professor of Marketing and Innovation

and Director of the Service & Product

Innovation Initiative at NC State,

created the co-laboratory that would

involve a virtual class supported by

Second Life and OnCourse, IU’s course

management system. Massey said,“The

faculty and students used avatars to

meet in Second Life, with the student

teams using webinars, open source

document repositories, wikis and other

tools to collaborate while working on

corporate-sponsored projects. The

projects encouraged innovative thinking

regarding use of virtual worlds like

Second Life in a corporate context.” Kelley magazine 21


Massey explained that the goals for the

class were to help students understand

the services lifecycle and to develop

skills necessary to perform as effective

collaborators, particularly in the context

of technology-enabled “virtual teams”.

“Web 2.0 and 3D virtual worlds offer

an emerging platform for collaboration

within a company and a new platform for

interaction between the company and the

customer,” she said. She also noted that

the service sector is the dominant driver

of today’s global economy, and emerging

technologies are an important enabler.

“I have discovered a lot about how

the younger generation uses technology,

and what kinds of technologies provide

value,” explained Kelley MSIS student

Linda Rasmussen.“I have already shared

my team’s business case with my current

employer’s training department to get

them thinking about the advantages.”

In the class, students worked on

projects for two companies that are

exploring ways to stimulate service

innovation – Target Corporation and a

Fortune 100 financial services firm.Teams

were tasked with making the business

case for delivering a service innovation

in Second Life.The course culminated in a

case competition among the teams.“The

competition lasted for seven weeks, which

is the first of its kind for me,” explained

Kelley student PrasannaVeeraraghavan.

“We had many deliverables which gave

our efforts a predefined structure.”

“We really believe that our business

case provided a good basis for the

client to work from and hope they

implement the proposed solution,”

added Rasmussen.

“It was a challenge to present with

other team members that we hadn’t met,

but we had practice sessions using

conference calling and Adobe Connect.

It ended up working well.”

“Web 2.0 has been evolving and 3D

virtual worlds are rapidly emerging as

a way to enable collaboration,” Massey

said. While students in the spring

semester class were adopting the new

technologies, their professors were

watching to see how they leveraged the

avatar-based environment, she noted.

This innovative virtual class is an

outgrowth of research projects that

Massey and her NC State counterpart

have under way with the support of

Xerox through NC State’s College

of Management. Montoya and Massey

are also involved in a collaborative

project with Michael Devetsikiotis,

professor of electrical and computer

engineering at NC State’s College

of Engineering, to evaluate other

virtual world technologies.■

Professor Anne Massey worked with North

Carolina State University to develop a class that

leveraged virtual worlds to bring Kelley and NC

State students and faculty together, as well as

present students with real-world cases on how

virtual settings could improve customer service.

22 Kelley magazine Summer 2008

Photo by Anne Schertz


Below is an interview with Rob Bakalar, recipient of the 2008 Kelley

What advice would you share with an

incoming Kelley student?

I would first recommend getting to

know your classmates. This can be your

strongest network for the rest of your

career and will be a significant resource

for you during your good and bad times.

Next, get to know the faculty and staff. In

addition to faculty inspiring you through

their great teaching, they are an important

network that will give you great career

advice and help you stay sharp through

their cutting-edge research and consulting.

Finally, stay on top of your career search

by working with your Graduate Career

Services advisor and networking with

Kelley alumni, especially recent graduates,

who can help you get your “dream job”.

School of Business Alumni Association Leadership Award. Rob received What is your next step? How has your Kelley

both his BS and MBA from the Kelley School. He took on the role of Chair of the Alumni Relations

Committee of the MBA Association and helped spearhead a new campaign – Alumni for Life – to

get MBA students involved with the alumni network early. Rob has helped raise visibility and

awareness of the Alumni Association and all of the benefits of staying connected. Shown with Rob

are Rochelle Reeves, Kelley’s Director of Alumni Relations, and Kate Burgun, Associate Director.

degree contributed to your career potential?

After taking a trip to Australia and New

Zealand, I will start my new career as

a Brand Marketing Associate for 3M

Company in July 2008. My Kelley degree

has given me full confidence that I can

What is your background?

While earning a double-major in

Accounting and Finance and a doubleminor

in Economics and Sociology at

Indiana University, I worked four years as

an Indiana University Men’s Basketball

Manager under Coach Bob Knight. I

then graduated from the Kelley School

of Business with a B.S. in Business in

worked as an Investment Banking

Associate for almost three years and

decided that I didn’t want to stay in

investment banking for the rest of my life.

I applied to a few top-20 MBA programs

and found that returning to the Kelley

School of Business was the best decision

for me.

get my hands “dirty” right away with this

new position and make a difference in

my new career. I also have a very large

alumni network at 3M Company and

in the Twin Cities that I will certainly

leverage for advice and friendship.

How will you stay involved with Kelley after


1999 and accepted a two-year investment

banking analyst position with J.P. Morgan

Securities & Co. in NewYork City. After

a year in NewYork, I was able to transfer

to J.P. Morgan’s Chicago office to be

closer to my home town of Fort Wayne,

Indiana. During my two-year analyst

assignment at J.P. Morgan, I worked in

the era and the bust

and also went through the J.P. Morgan

and Chase Bank merger. I decided to

focus on sell-side mergers and acquisitions

What aspects of your Kelley student experience

did you find most valuable?

There were three reasons why I

came back to Kelley for my MBA:

1.People:The faculty, administrative

staff and current MBA students are

a friendly, close-knit group that

makes time for your questions and

challenges you in the classroom.

2.Academies:As a career switcher

from investment banking to brand

As a lifetime member of the Alumni

Association, I plan to participate in the

Kelley School of Business alumni chapter

in the Twin Cities, come back to recruit

Kelley students, and stay in touch with

faculty, staff, and administrators. ■

By the end of the summer, the Kelley

School will send almost 2,000 new

business graduates into the world.

Here is a breakdown of their credentials:

and accepted a two-year assignment as management, I was looking for

Bachelor of Science . . . . . . . . . . . . . . . . . 1016

an Investment Banking Senior Analyst

for Mesirow Financial, a Chicago-based

resources and support in making

the change and found an incredible

MBA (full-time) . . . . . . . . . . . . . . . . . . . . . . 202

middle market investment bank. Upon

completion of my Mesirow assignment, I

opportunity to do so through the

unique MBA Academy structure.

MBA in Accounting, Master of Professional

Accountancy, Master of Science in Accounting

was considering going back to graduate

school, but an Indiana University alum

talked to me about another Chicago

boutique investment bank called Crowe

3.Career opportunities: I compared the

career opportunities at the top-20

schools that I applied to and noticed

that the same Fortune 500 positions

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78

Master of Science in Information Systems . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33

Capital, a subsidiary of Crowe (formerly, were coming to Kelley, with not as

Kelley Direct (online MBA, MS) . . . . . . . . . 241

Crowe Chizek). I joined Crowe and many students competing for those jobs. Indianapolis programs (BS, MBA, MSA) . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 380 Kelley magazine 23

Events, Opportunities, Networking and Camaraderie

Who knew Kelley School alumni events could be that much fun? Or, for that matter,

educational or useful? See the accompanying calendar for more upcoming events.

24 Kelley magazine





1) Dean Dan Smith shares a joke with Kate Roberts,

MBA’03, at the Minneapolis Dean’s Reception on May 8.

2) Meet many alumni in a targeted manner –


3) Doug Fulton, MBA’91, shares his experiences working for

The Walt Disney Company.

4) The 60th Anniversary of the Kelley Alumni Association

brought alumni together from all corners of the country.

5) Part of the program at the Second Annual Brand

Leadership Conference – Don’t miss the Third Annual

event on Sept. 19.

6) Former and current alumni board members and

honorees remember old times.

7) Toby Stoops, BS’00, president of the Minneapolis/St.

Paul Kelley chapter, welcomes Nate Smith, MBA’06/


8) Relationships that begin on campus will continue

for a lifetime.

9) Nick Jahn, MBA’07, Ashley Stewart and Suneel Goud,

MBA’02, gather at Seattle’s first alumni chapter event

on June 5.



Summer 2008


Check the website for updates, details, and more upcoming



4 “Emotional Intelligence”, Webinar

11-12 Investment Management Academy Event, Bloomington

12-14 MBA Reunions (Classes of ’88, ’98, ’03), Bloomington

18 “Welcome to New York” Happy Hour, New York

18-19 Brand Leadership Conference, Bloomington

25 “Choosing and Executing a Successful Career Strategy”

Panel Discussion, Dallas


1 “A League of Your Own: Using Personal Branding to

Stand Out in Your Field”, Webinar

15 “An Evening with the Stars” with Mark A. Roesler, 2008

Kelley Distinguished Entrepreneur, Indianapolis



Kelley School of Business Alumni Association

Board of Directors welcomes new members

The following alumni joined the KSBAA Board of Directors for a three-year

term on July 1:

Brent S. Claymon (BS’90), Principal, Park Place Motors,

Carmel, Ind.

Matthew C. Hayes (MBA’02), Humana Health Care,

Louisville, Ky.

Chad E. Isch (BS’93), Senior Business Analyst, Georgia

Pacific, Atlanta, Ga.

Jeffrey L. Keyser (MBA’93), Vice President, Lawns

Marketing, Scotts Miracle-Gro Company, Marysville, Ohio

Regina N. Lee (MBA’03), Account Executive, Cabello

Associates, Indianapolis, Ind.

Paul Palmer Jr. (MBA’96), Director of Alternative Cards,

American Greetings, Cleveland, Ohio

Gaurav A. Parikh (BS’02), Director, Steamflow Trading

Corporation, Mumbai, India


President: Lyle A. Feigenbaum (BS’90), Owner, Scholars

Inn, Inc., Bloomington, Ind.

Vice President: Robert E. Poll Jr. (MBA’72), Managing

Director, Poll Financial, LLC, New York, N.Y.

Secretary: Mark A. Barbato (MBA’82), Vice President of

Alliance Management, Eli Lilly and Company, Indianapolis, Ind.


16 “Building Green” Real Estate Luncheon, Chicago

22 Reception with Dean Daniel C. Smith, Denver

23 Financial Management and Investment Banking

Reception, New York City

30 Reception with Dean Daniel C. Smith, Chicago


5 “Predictable Surprises”, Webinar

6 “Business Outlook for 2009”, Indianapolis

6 “Entrepreneurial Thinking in the 21st Century”

with Dr. Donald F. Kuratko, Portland, Ore.

12 “A Woman’s View from the Top”

Panel Discussion, Chicago


9 Annual Holiday Reception with

Dean Daniel C. Smith, San Francisco


OFFICERS (continued)

Treasurer: Amelia S. Ross (MBA’98), Director of

Product Management, ChaCha Search, Inc., Carmel, Ind.

IUAA Executive Council Representative:

Donna A. Heckler (MBA’88), Brand Strategy Lead,

Monsanto Company, St. Louis, MO.

Past President: L. Robert Stohler (BS’64,

MBA’69), Manager, Bloomington Brands LLC,

Bloomington, Ind.


Sheri L. Brown (MBA’96), Lecturer in Management,

Kelley School of Business, Indiana University,

Bloomington, Ind.

Leslie L. Carter-Prall (BS’90), Executive Vice President

of Consumer Banking, Regions Bank, Indianapolis, Ind.

Christopher W. Davis (BS’83), Partner, Deloitte &

Touche LLP, Indianapolis, Ind.

Rachel S. Gould (BS’99, MBA’99), Manager of

State and Local Tax Services, Ernst & Young LLP,

New York, N.Y.

Monica F. Hill (MBA’97), Human Resources Manager,

General Electric Company, Cincinnati, Ohio

Carol A. Hoffman (BA’84, MBA’89), Associate

Director of Finance, The Procter & Gamble Company,

Cincinnati, Ohio

William E. Hyde (BS’69), Associate Director,

Macquarie Holdings (USA), Inc., New York, N.Y.

Jennifer L. Johnson (MBA’96), Director of Clinical

Services, Philips Healthcare, Chicago, Ill.

Cynthia L. Lucchese (BS’82, MBA’86), Senior Vice

President and Chief Financial Officer, Hillenbrand, Inc.,

Indianapolis, Ind.

Ernestine Mann (BS’91), Executive, Strategy

and Growth, Crowe Chizek and Company LLC,

Indianapolis, Ind.

Paul A. Moran (MBA’02), Director of Strategic

Planning and Analysis, CenterPoint Energy Inc.,

Houston, Texas

Josh D. Rudin (MBA’02), Operations Manager,

Elite Customer Program, Sun Microsystems, Inc.,

Broomfield, Colo.

Richard E. Stahl (JD’71, MBA’72), Plymouth, Minn.

Laurie A. Stearn (MBA’89), President, Beacon

Consulting, Chicago, Ill.

Lance Weatherby (MBA’89), Venture Catalyst,

Advanced Technology Development Center,

Georgia Institute of Technology, Atlanta, Ga.

To read complete biographies for board members,


Kelley magazine 25

David J. Anderson (BS’71)

Senior Vice President and Chief Financial Officer


Morristown, New Jersey

Cynthia S. (“Cie”) Nicholson (MBA’88)

Senior Vice President and Chief Marketing Officer

Pepsi-Cola North America

Purchase, New York


Ronald A. Gettelfinger (BS’76)


International Union, UAW


Derica W. Rice (MBA’90)

Senior Vice President and Chief Financial Officer

Eli Lilly and Company


These outstanding alumni were honored for their achievements on March 4 at

the annual Honoree Dinner, the evening before the 62nd Annual IU Business

Conference. They join almost 200 alumni who have been honored by the Kelley

School of Business Alumni Association. Visit for the full list

of Kelley alumni honorees.


The 63rd Annual Indiana University Business Conference • March 11, 2009

Mark A. Roesler (MBA/JD’82)

Chairman, CEO, and Founder

CMG Worldwide, Inc.

26 Kelley magazine Indianapolis

Summer 2008



Recognizes alumni who have earned the

stature of business leaders and managers by

their demonstrated successes in business

organizations and their contributions to

management philosophies and practices.

David J. Anderson

Anderson, who in 1971 earned a bachelor

of science degree in business with a major

in business economics and public policy

at IU, joined Honeywell as senior vice

president and CFO in June 2003. A member

of Honeywell’s senior leadership team,

Anderson is responsible for all corporate

finance activities including tax, accounting,

treasury, audit, investments, financial planning

and acquisitions. He also plays a key role in

communicating Honeywell’s key strategies

and financial performance to Wall Street.

Prior to joining Honeywell, Anderson

was senior vice president and CFO of ITT

Industries, where he had responsibility

for financial management, information

technology and corporate development.

Prior to joining ITT Industries, Anderson

worked at Newport News Shipbuilding,

where he was senior vice president and

CFO. In that role, he successfully led the

effort in 1996 to establish Newport News

Shipbuilding as a stand-alone public company.

Previously, he also held senior financial

positions with RJR Nabisco and The

Quaker Oats Co. He received an MBA

from the University of Chicago in 1977.

Ronald A. Gettelfinger

While completing his business degree,

Gettelfinger worked as a chassis line

repairman at the Ford Motor Co. assembly

plant in Louisville. He now heads the UAW

– the largest and most diverse labor union

in North America with more than 710,000

members. The 1976 graduate, with a bachelor

of science degree in business and a major in

accounting, was elected to a second term

as president of the UAW in June 2006.

Prior to being initially elected to the UAW

presidency in 2002, he was the union’s vice

president and was director of the UAW

National Ford Department. He also has

directed the UAW’s Aerospace Department

and Chaplaincy Program and served as

director of UAW Region 3, which represents

UAW members in Indiana and Kentucky.

A member of UAW Local 862 since

1964, Gettelfinger served on the UAW-

Ford National Negotiating Committee for

the 1987 pattern-setting negotiations. He

was president and chairperson of his local

bargaining committee for the 1984 and 1987

local negotiations. Before then, he had served

as chairperson of the bargaining committee,

bargaining chairperson, committeeperson

and delegate to the UAW National Ford

Council, Sub-council No. 2 and delegate to

three UAW constitutional conventions.

Cynthia S. (Cie) Nicholson

Nicholson, who earned an MBA from IU

in 1988, is senior vice president and chief

marketing officer for Pepsi-Cola North

America (PCNA), the refreshment beverage

division of PepsiCo. She is responsible for the

company’s traditional marketing practices,

overseeing brand and marketplace initiative

development, advertising and media plus

sports and grassroots marketing. Earlier this

year, she took on expanded accountability for

innovation as well as strategy and insights.

She served previously as vice president –

carbonated soft drink flavors, driving the

expanded availability of Sierra Mist in the

United States and continuing to innovate

under the Mountain Dew trademark. Among

her greatest contributions to the company’s

growth, Nicholson directed the 2001

launch of Mountain Dew Code Red, which

quickly became the soft drink industry’s

most successful new product in 20 years.

Nicholson joined PCNA in 1997

as director – fountain innovation. She

then transitioned into director and vice

president – Mountain Dew posts, setting

marketing strategies for the entire Dew

trademark. Prior to joining Pepsi, Nicholson

spent nine years with R.J. Reynolds, where she

last held the title of director – new brands.

She also earned a bachelor of science degree

in bioscience from the University of Illinois.

Nicholson joined PCNA in 1997 as

director of fountain innovation. She then

transitioned into director and vice president

for Mountain Dew, where she set strategies

for the entire Mountain Dew trademark. Prior

to joining Pepsi, Nicholson spent nine years

with R.J. Reynolds, where she last held the

title of director of new brands. She earned

a bachelor of science degree in bioscience

from the University of Illinois in 1986.

Derica W. Rice

Rice, who received an MBA in 1990 from

IU, became senior vice president and chief

financial officer of Eli Lilly and Company in

May 2006. He is a member of the company’s

policy and strategy committee and the

operations committee and had been vice

president and controller since July 2003.

Rice joined the company in 1990 as an

international treasury associate. He held

various assignments as a sales representative,

manager of global financial planning and

analysis for the medical devices division, and

global planning manager for pharmaceuticals.

In 1995, he became finance director

and chief financial officer for Lilly Canada.

In 1997, Rice was promoted to executive

director and CFO for European operations

based in London. He was named general


manager of Lilly United Kingdom and

Republic of Ireland in January 2000.

Rice serves as a member of the boards

of directors for Target Corporation, Clarian

Health North and The Center for Leadership

Development. He also serves as a member

of the IU Board of Trustees and the Board

of Governors of the Indianapolis Museum

of Art. He received a bachelor of science

degree in electrical engineering from Kettering

University (formerly the GMI Engineering

and Management Institute) in 1988.



Recognizes alumni who have demonstrated

the ability to establish a new business,

or turn around or significantly grow an

established business, and have contributed

to management philosophies and practices.

Mark A. Roesler

Roesler, a 1982 IU graduate with both an

MBA and law degree, founded international

business and licensing agency CMG Worldwide

in 1982 and serves as its chairman and chief

executive officer. CMG is the exclusive

business agent for more than 200 of the

world’s most sought-after and recognizable

celebrities, including entertainment giants

Marilyn Monroe, James Dean and Sophia Loren;

sports legends Babe Ruth, Jackie Robinson

and Vince Lombardi; musical entities Chuck

Berry and Ella Fitzgerald; and historical figures

Amelia Earhart, Rosa Parks and Malcolm X.

An entrepreneur at heart, Roesler started

his own roofing company to put himself

through college, first as an undergraduate at

DePauw University. Roesler then became a

licensed real estate broker while pursuing

graduate degrees at Indiana University.

In 1981, Roesler’s talents were secured to

protect Norman Rockwell’s artwork when

he signed on with Curtis Publishing, longtime

supplier of The Saturday Evening Post and

licensing manager of the painter’s artwork after

his death in 1978. Through his attentive efforts

to protect the artwork, Roesler discovered that

families of famous deceased personalities were

in need of the same legal defense to safeguard

their loved ones’ names and likenesses. As

Roesler diligently created the groundwork for a

company that could take on such a momentous

and unheard-of task, he was selected as the

business agent for the Elvis Presley estate.

Today, Roesler is internationally recognized

as the world’s foremost authority on

intellectual property rights involving celebrities,

credited with helping to establish guidelines

that delegate the control of a celebrity’s image

or likeness. He serves as a member of the

Board of Visitors of the IU School of Law –

Indianapolis, the National Board of Directors of

the American Arbitration Association and the

Board of Directors of The Kelley National magazine Lampoon. 27

28 Kelley magazine Summer 2008 Kelley magazine 29




*John T. Wholihan, MBA’60,

recently stepped down as dean of the

College of Business Administration at

Loyola Marymount University in Los

Angeles. He served in the position for

23 years. Wholihan is on sabbatical

for the 2007–2008 academic year as

dean emeritus. He began his career at

Bradley University, where he spent

a total of 21 years and eventually

served as associate dean. Wholihan

continues to serve as president of the

International Honor Society and Beta

Gamma Sigma, and he serves on the

board of the Association to Advance

Collegiate Schools of Business. He

lives in Playa del Rey, Calif.

*William T. Ryan, DBA’66,

retired in 2003 after a 36-year tenure

at the College of Business at Florida

Atlantic University in Boca Raton,

Fla. He is a distinguished teacher and

professor emeritus of international

business. Ryan has authored books

and articles in the fields of management,

marketing, entrepreneurship,

and international business. He is

currently chief executive officer of

his consulting company, H. Rig Inc.,

which focuses on global affordable

housing. Ryan resides in Boca Raton.

*John C. Shoemaker, MBA’66, is

chairman and director of SonicWALL

Inc. in Sunnyvale, Calif. In November

2007 he was elected to the IU

Foundation’s Board of Directors.

Shoemaker also serves as a director of

Altera Corporation Inc. and Extreme

Networks Inc. Previously, he was a

senior executive with Xerox Corp.

and Sun Microsystems. Shoemaker

lives in Los Altos, Calif.


*John P. Doran, BS’68, MBA’72,

JD’82, writes that he will be serving a

second term on the Clearwater (Fla.)

City Council, having been re-elected

in January 2007. He lives in Clearwater

Beach with his wife, Stephanie

(Scott), BA’68, MBA’82.

*James P. Perin, BA’68, MBA/

JD’75, is senior vice president and

chief financial officer of the IU

Foundation in Bloomington, Ind. In

2007 he received the IUF’s George F.

“Dixie” Heighway Award for Leadership.

A member of the University and

Foundation Financial Officers group,

an organization that develops financial

policies for institutes of higher education,

Perin lives in Spencer, Ind.

*Faye E. Tippy, BA’75, MBA’77,

is president of The Braintrust, a

management-consulting company in

Schererville, Ind. Her company serves

clients in Chicago and Northwest

Indiana. A former member of the

IU Alumni Association’s Executive

Council, Tippy lives in Schererville.

*Thomas J. Buck, BA’76,

MBA’78, is senior vice president of

Merrill Lynch & Company Inc. in

Indianapolis. In November the company

announced that he was named

one of “America’s Top 100 Advisors”

in the investment magazine Registered

Rep. Buck also serves as a member

of the Dean’s Advisory Board for IU

Bloomington’s College of Arts and

Sciences and as general co-chairman

for the Crooked Stick Golf Club’s

hosting of the 2009 U.S. Senior

Open. An I-Man in football, he lives

in Carmel, Ind.

Brock L. Ladewig, BS’75,

MBA’78, is a chief deputy city attorney

for the city of San Diego. He

manages the real property section

of the city attorney’s civil advisory

division. An I-Man in swimming,

Ladewig writes that he swam breaststroke

for the Hoosiers on the 1972

and 1973 championship teams. He

lives in San Diego.

*Patricia Dice Smith, MBA’78,

is a pharmaceutical representative in

Indianapolis. She met her husband,

Carson, BA’77, on the Monon Trail

in March 2000. The couple lives in



*Louis G. Jordan, MBA’80, is chief

financial officer for global retail and

digital commerce at Nike Inc. He

joined the company in 2003 as chief

financial officer for U.S.A. retail and

was later promoted to head of global

business planning. Jordan also operates

a vineyard in California’s Sonoma

County. In November 2007 he gave

a public presentation at the IU Kelley

School of Business in Bloomington,

speaking on the topics of Nike’s

global challenges as well as his own

entrepreneurial experiences. Jordan

lives in Healdsburg, Calif.

*Ann I. Bastianelli, BS’78,

MBA’82, is president and CEO of

Anthology Consulting in Indianapolis.

She also teaches advertising and

promotional strategy at the IU Kelley

School of Business in Bloomington.

Bastianelli is a board member of

several organizations, including the

Indiana Basketball Hall of Fame in

New Castle and Flanner and Buchanan

Funeral Centers. An I-Woman

in volleyball, Bastianelli lives in


Blair P. Entenmann, MBA’83,

and his wife, Nancy, have moved to

Rockford, Mich., where he is president

of MarketingHelp!, a consulting

business. The couple writes that they

wanted to be closer to their elderly

parents. Entenmann can be

contacted through his Web site,

*Keith F. Moak, MBA’81, is

president of Omega Strategy Inc. in

Fort Lauderdale, Fla. He writes that

he is celebrating 10 years of working

in marketing-consultation services.

Moak lives in Miami.

*After working for the U.S. Department

of Agriculture for four years

in Arizona, Danny Markus, BS’82,

MBA’83, MS’90, has accepted a oneyear

assignment at the U.S. Embassy

in Kabul, Afghanistan, as the USDA

provincial reconstruction team


Dennis R. Erwin, MBA’84, has

been hired as director of finance for

the Paragon Companies, a commercial

realty company in Indianapolis.

He lives in Fishers, Ind.

C. Mack, MBA’84, is CEO of IHT

Technology Inc. in San Antonio.

The firm specializes in manufacturing

and selling patented integrated power

systems. Throughout the past 10

years, Mack has led North American

retail business units for Citibank and

JPMorgan Chase, utilizing “innovative

sales techniques to consistently

deliver double-digit growth.” Prior

to joining the financial services sector,

he writes that he worked for

Procter & Gamble and led all marketing

services for Ryder System Inc.,

focusing on the Pert Plus Shampoo

brand and reviving Ryder’s truck

rental business. Mack’s marketing

techniques were featured in Beyond

Maxi-Marketing, written by Stan

Rapp and Thomas L. Collins and

published by McGraw-Hill. He lives

in New City, N.Y.

Steven R. Plump, MBA’84, is

CEO of INphoton, a local life sciences

company. Previously, he served

as Eli Lilly and Co.’s chief marketing

officer until retiring in 2006. Plump

lives in Indianapolis.

*In July 2007, Roger D. Jones,

BA’83, MBA’85, concluded a

10-year ministry at the Unitarian

Universalist congregation in Sunnyvale,

Calif. He now serves as the

interim minister for the Minnesota

Valley Fellowship in Bloomington,

Minn. As a volunteer, Jones is a

member of the grants panel for the

Unitarian Universalist Fund for a Just

Society, based in Boston. His e-mail

is Jones lives in


*Frank Y. Samuel, BS’84,

MBA’85, is a consultant for DLC

Inc. in Chicago. He lives in Lake

Forest, Ill., with his wife, Mary

(Letts), BS’87.

*Alan M. Blankstein, MBA’86, is

founder and president of the HOPE

Foundation in Bloomington, Ind.

He is the author of Failure Is Not

an Option: Six Principles that Guide

Student Achievement in High-Performing

Schools, published by Corwin Press.

Blankstein lives in Bloomington.

*Ellen Swisher Crabb, MBA’86,

is vice chairwoman of United Feeds

Inc. in Sheridan, Ind. In January

2007, her husband, David, MD’78,

the John D. Hickman Professor

and Chairman of the IU School of

Medicine’s Department of Medicine,

began a four-year term on the board

of trustees for the Health and Hospital

Corp. of Marion County, Ind.

The Crabbs live in Indianapolis.

Brian P. Niehoff, MBA’86,

PhD’88, is a professor and head of

the department of management at

Kansas State University in Manhattan,

Kan. He received the Ralph Reitz

Outstanding Teacher Award from the

College of Business Administration

in May 2007. Niehoff lives in


*David J. Cox, MBA’87, has been

named chief investment officer of

Voyageur Asset Management in

Chicago. He lives in Palatine, Ill.

*Michael P. Koehl, MBA’89, is

a partner and portfolio manager

for the investment firm Interlachen

Capital Group in Minneapolis. He

lives in Orono, Minn., with his wife,

Jennifer, and their daughters, Grace

and Caroline.

The Indianapolis law firm Sommer

Barnard has elected Keith J. Swedo,

MBA’89, JD’95, of Carmel, Ind., as

a new director. Swedo is a registered

patent attorney and a member of

the firm’s intellectual-property

practice group


Wanda J. Anderson, MBA’90, is

marketing manager for Nationwide

Mutual Insurance Co. in Columbus,

Ohio. She is a previous board

member of the Cincinnati Big

Brothers/Big Sisters organization

and a member of the National Black

MBA Association. Anderson lives in

Westerville, Ohio.

30 Kelley magazine Summer 2008

*In June 2007, Jeffrey G. Kagan,

BS’89, MBA’90, became vice president

of marketing and communications

at AIG Global Real Estate

in New York City. In December

he was honored with the Youth

Advocacy Award at Oak Park (Ill.)

Temple, following 14 years as the

youth group adviser there. Kagan and

his wife, Amy, a school social worker

in Hillside, N.J., live with their dog,

Karlee, in Westfield, N.J.

*In late 2007, after nine years in

commercial lending and 10 years

working for Wall Street firms, Scott

W. Shawaker, MBA’90, launched

his own investment company, Inflection

Fund. The business focuses on

small- and mid-cap U.S. equities.

Shawaker writes that he and his wife,

Rhonda (Hager), BS’89, met in the

IU Kelley School of Business. They

live in Hinsdale, Ill., with their three

children and write that they would

love to hear from classmates. Their

home e-mail address is srshawaker@

*Maribeth J. Malecki, MBA’91,

is manager of Waldorf Kindergarten

in Nairobi, Kenya. She has lived in

Nairobi with her husband and three

children for the last seven years.

In July 2007, John F. Fitzgerald,

Res’87, MBA’92, became president

and CEO of the IU Medical Group–

Specialty Care and was appointed the

IU Medical School’s executive associate

dean of clinical affairs. He is also

a professor of medicine and serves as

an adjunct professor in the School

of Public and Environmental Affairs.

Fitzgerald lives in Indianapolis.

*Jeffrey R. Hupke, MBA’94, is

beginning his third year as chief

financial officer of ROM Corp.

in Belton, Mo. His wife, Molly

(Hooker), MBA’95, works as

marketing manager for Hallmark

Cards in Kansas City, Mo. They have

three children — Luke, Delaney, and

Lilly. The Hupkes live in Kansas City.


*Maria Wen, MBA’00, is associate

marketing director of Golf Digest

Publications, owned by Condé Nast.

She oversees the marketing efforts of

Golf World and Golf for Women magazines.

Prior to joining the company,

Wen worked at Time Inc. for Real

Simple, InStyle, Entertainment Weekly,

and Southern Living magazines. She

lives in Port Washington, N.Y., with

her husband, Matthew.

*Daniel A. Baratz, BS’01,

MBA’02, is a financial planner with

Pillar Wealth Management in Marlton,

N.J. He lives in Voorhees, N.J.

Charles E. Frayer, JD’01, MSIS’02,

is an IT and telecommunications

contracts manager for Ford Motor

Co. in Dearborn, Mich. He joined

Ford’s IT management team in 2006.

Frayer was recently elected to the

board of directors for Ford Communications

Inc., a wholly owned

subsidiary for which he also serves as

an assistant secretary. He previously

worked for Ford’s IT security, corporate

privacy, and telecommunications

departments as well as the company’s

office of the general counsel. Frayer

lives in Southgate, Mich., and can be

contacted at

Terence R. Slywka, BA’92, JD’96,

MBA’02, was recently named chief of

party for the Business Environment

Improvement Project in Kazakhstan,

the Kyrgyz Republic, and Tajikistan.

The four-year project is financed by

the U.S. Agency for International

Development and implemented by

the Pragma Corp. It consists of a team

of local and international lawyers and

consultants who work with national

governments and businesses to reform

Soviet-era commercial laws and

improve regulations, procedures, and

practices in regards to businesses and

the free market.

*Craig D. Wells, BS’94, MBA’02,

recently sold his investment firm and

joined the private client services group

at JPMorgan Chase in Indianapolis.

He works with high net-worth

individuals and families. Wells,

who has served on the board of the

Johnson County Chapter of the IU

Alumni Association, can be reached at He lives

in Franklin, Ind.

In 2007, Jonathan D. Nyaku,

MBA’03, was promoted to senior

manager at Deloitte & Touche in

Memphis, Tenn. He works in the

firm’s assurance and enterprise risk

services practice.

*Matthew P. Barnhart, BS’97,

MBA’05, is director of media relations

for the Detroit Lions of the NFL. He

lives and works in Allen Park, Mich.

*Daniel P. Carneiro, MBA’05,

is vice president of product control

at Credit Suisse, a financial-services

company in São Paulo, Brazil. In May

2007 he celebrated the birth of twin

daughters. Carneiro lives in São Paulo.

*Melinda K. Schaefer, BS’97,

MS’05, is a staff accountant at LeSea

Broadcasting in South Bend, Ind. She

lives in Plymouth.

*Matthew A. Quagliara, BA’98,

MBA’06, is brand manager, interactive

marketing team, with the United

Services Automobile Association. He

lives and works in San Antonio.

*David A. Root, MBA/JD’06, is

an associate for the law firm Bingham

McHale in Indianapolis. In 2007 he

received a master of laws degree from

the University of Edinburgh in Scotland.

Root lives in Indianapolis.

*Heath I. Eckert, MBA’07, is a

financial analyst for Johnson & Johnson

in Raritan, N.J. He lives in Belle

Mead, N.J.

*Jared A. Eckert, BS/MBA’07,

is an assistant trader with DRW

Trading Group in Chicago, where

he lives.


before 1960

Stanley M. Levy, BS’40, is retired,

having worked as a judge and law

professor. He is the author of A.

Lincoln: The Man, published by

BookSurge. Levy lives with his wife,

Harriet, in Silver Spring, Md.

*Edward R. Bartley Jr., BS’42,

and his wife, Mary, live in Pinehurst,

N.C. “Can you imagine retiring to

paradise?” they write. “We’ve lived

here for the past 22 years.”

*“We still communicate once a

year with those of us who were in

advanced ROTC and called up in

1943,” writes Robert E. Gradle,

BS’44. “The original group was 80.

We got together for the first time in

Bloomington in 1994. There were

42 of us. [We] met again in 1996,

1998, and 2000, then age took over.”

Gradle lives in Boynton Beach, Fla.

*In May 2007, Vivian Jurca Williams,

BA’64, of Round Rock, Texas,

traveled to Carmel, Ind., for the 90th

birthday of her lifelong friend Frieda

Renfro Ellingwood, BS’45, MS’49,

EdD’95. The women celebrated with

a visit to Disney World. Ellingwood

lives in Carmel.

*Thomas P. McConnell, BS’46,

and his wife, Grace (Richardson),

BA’54, write, “We met at Indiana,

were married in the church there

while Professor [Herman B]

Wells [BS’24, MA’27, LLD’62]

was president, and our marriage has

survived three children, four grandchildren,

two great-grandchildren,

and 64 years. We are now retired and

living in Peekskill, N.Y.”

*Lowell E. Gladish, BS’54, retired

in 1991 as director of underground


gas storage for Citizens Gas & Coke

Utility in Indianapolis. After retiring,

he did consulting work in Denmark,

assisting in the development of a

gas-storage field for the city of

Copenhagen. Gladish writes that he

“spends his winters in Florida and

his summers in Indiana, with lots of

golf in both places.” He lives

in Worthington, Ind., with his

wife, Marilyn.

*Robert E. Buck, BS’57, is the

founder of Solo Seniors of Indianapolis

Inc., a not-for-profit organization

promoting social, religious,

and educational opportunities for

singles who are 50 and older. Before

retiring, Buck spent 33 years with

Merchants National Bank. He lives in


*After spending 10 years in the

Navy and serving in the Vietnam

War, Donald Z. Alexander,

BS’58, founded two companies, Don

Alexander Insurance Agency Inc. and

Don Alexander Investments Inc. His

family has a long history with IU: Alexander

writes that in 1920 his father,

Alexander Louis Zivich, BA’24, was

a college roommate of both former

IU President Herman B Wells,

BS’24, MA’27, LLD’62, and Ernie

Pyle, LHD’44. His daughter, Vanessa

V. Clohessy, BA’86, attended IU

Bloomington as well, graduating with

a double major in journalism and

Spanish. Alexander also writes that,

as an undergraduate at IUB, he and

a dance partner won a campus-wide

jitterbug contest while representing

Alpha Tau Omega fraternity and

Sigma Delta Tau sorority, respectively.

He lives in Elmhurst, Ill.


*Harold O. Southard, BS’60,

retired in 2000 as an assistant state’s

attorney in Florida. In 2004 he

graduated from the Children’s Institute

of Literature in West Redding,

Conn., and has since concentrated

on writing for children, including

informational articles such as “How

an Airplane Flies” and “The Gun Is

Always Loaded.” Southard recently

released Chaplin Goes to Tampa: A

Story About a Curious Kitty Cat, a

book published by AuthorHouse. He

lives in Tavares, Fla.

*Pianist Bob Williams, BS’56,

MA’64, has released a new CD,

Can’t Get Hoagy Off My Mind,

which features songs by IU alumnus

Hoagy Carmichael, LLB’26, DM

Hon’72. The CD was released as part

of a concert tour sponsored by the

IU Alumni Association. Williams’s

wife, Pat (Hargus), BS’60, acts Kelley magazine 31


as a narrator during performances,

sharing insights and stories about

Carmichael’s life. The couple was

scheduled to perform throughout

Florida and Arizona in February 2008

and in Akron, Ohio, on March 1. Pat

is a member of the IUAA Executive

Council, and Bob is a longtime board

member and past president of the

Singing Hoosiers Alumni Council

and a former member of the IUAA

Executive Council. The couple lives

in Bloomington, Ind. Bob can be

contacted at

*Mac H. Crosbie, BS’62, is the

owner of Mac Crosbie Real Estate.

He lives and works in Cape Canaveral,


*David O. Tittle, BS’64, JD’67,

is a partner and civil mediator at

the law firm Bingham McHale

in Indianapolis. He was recently

recognized in The Best Lawyers in

America in the field of litigation.

Tittle and his wife, Susie (Deems),

BA’65, MS’73, live in Indianapolis.

They have two children, Scott,

JD’01, and Margaret “Maggie” Tittle

Bowden, MA/MPA’03, and one

grandchild, Jackson David Bowden.

Scott recently married Molly L.

Palmatier, BS’95, a certified Pilates

instructor and owner of MFitness in


*Tom Kilrain, BS’66, is a

health-care solutions specialist

at Ricoh Business Solutions in

Indianapolis. Previously, he worked

as a hospital/health-care specialist for

HPS Office Systems. Kilrain lives in

Brownsburg, Ind.

*In November 2007, the Defense

Trial Counsel of Indiana named its

2008 officers and new directors. R.

Thomas Bodkin, BS’67, JD’73, a

law partner for Bamberger, Foreman,

Oswald, and Hahn in Evansville,

Ind., continues in his position

as immediate past president; and

James W. Hehner, BS’80, JD’83,

of the law firm Hehner & Douglass

in Indianapolis, was named to the

organization’s board of directors.

*Christopher L. Wagner, BS’68,

MS’73, EdD’80, is principal of Preble

High School in Green Bay, Wis. He

lives in Green Bay with his wife,

Elaine (Abata), MS’74, CEO of the

YWCA of Green Bay–De Pere.

*In August 2007, Richard A.

Cohee, BS’69, completed 30 years

as vice president/treasurer and chief

financial officer of the Pension

Fund of the Christian Church in

Indianapolis. He and his wife, Lynn,

live in Carmel, Ind.


* “I am currently serving as the

executive director of the Wayne

County Historical Museum in

Richmond, Ind.,” writes James

D. Harlan, BS’70. “My daughter

will soon be the fourth generation

of my family to graduate from IU.”

Harlan’s father, John, LLB’44, and

his grandfather, Denver, BA’09,

both attended IU, and each went

on to practice law and serve in the

Indiana Senate. John Harlan also

served 19 terms as president of the

Wayne County Historical Museum.

Prior to his current position, James

Harlan worked as a real-estate agent

and homebuilder, constructing 166

homes. He lives in Richmond, Ind.

*J. Timothy Worthington,

BS’70, writes that he has been

elected chairman and CEO of

the Worthington Group. He

lives and works in Indianapolis.

*On Nov. 27, 2007, Valorie Cook

Carpenter, BS’75, was elected to a

one-year term as mayor of the city

of Los Altos, Calif., where she lives.

John R. Kirkwood, BS’76, JD’79,

is a partner for the law firm Krieg

DeVault in Indianapolis. In June

2007 he was appointed to the advisory

board of the Richard G. Lugar

Center for Renewable Energy at IU-

PUI. Kirkwood lives in Carmel, Ind.

*In November 2007, Douglas B.

England, BS’77, was elected mayor

of New Albany, Ind. Previously,

he served as the city’s mayor from

1991 to 1999. England lives in

New Albany.

After graduating from IU

Bloomington, Perry S. Smith,

BS’78, received a juris doctor degree

from the University of Texas at

Austin in 1981 and a master of

laws degree from the University

of San Diego in 2005. He writes

that he has published three law

journal articles – “Silent Witness:

Discrimination Against Women

in the Pakistani Law of Evidence”

in the Tulane (University) Journal

of International and Comparative

Law; “Speak No Evil: Apostasy,

Blasphemy, and Heresy in Malaysian

Syariah Law” in the University

of California, Davis, Journal of

International Law and Policy; and “Of

War and Peace: The Hudaibiya

Model of Islamic Diplomacy,” in

the Florida Journal of International

Law at the University of Florida.

Smith lives in Winchester, Calif.


*Ponsie Chen, BS’80, is a feng-shui

consultant. In November 2007 two

Toronto newspapers – The National

Post and the Toronto Star – published

articles regarding her consultant work

to the city’s building-development

industry. Chen, who went by her

maiden name, Pornsiri Rojanavanich,

while attending IU Bloomington, is

a member of Alliance Feng Shui, an

organization that provides consulting

services in Canada, the United

States, and Asian-rim countries. In

November 2007, she presented at the

annual trade show Construct Canada,

speaking about applying feng-shui

principles to several redevelopment

projects in Toronto. Chen splits her

time between Toronto and Bangkok,

Thailand, where she lives with her

husband, Eric, MBA’79.

Stanley W. Benecki, BS’81, is

president of Benecki Fine Homes in

Atlanta. In May 2007, he became a

member of the Buckhead Coalition,

an organization that strives to

“nurture the quality of life and help

coordinate an orderly growth” of the

Buckhead neighborhood. Benecki

lives in Atlanta.

*Phil L. Isenbarger, BS’81, JD’84,

is a partner at the law firm Bingham

McHale in Indianapolis. In 2007 he

was elected to the board of directors

for the USLAW Network, a national

organization made up of more

than 3,500 attorneys. Isenbarger is

a past president of the Indianapolis

Bar Association and has served as

chairman of Bingham McHale’s

litigation department. An I-Man in

basketball, he lives in Zionsville, Ind.

“My path since graduation has taken

me from Texas as a small-business

owner back here [to Indianapolis]

as a small-business owner and

now as the president of Facilitators

International,” writes Bruce A.

Richardson, BS’81, of Greenwood,

Ind. “We are an international

ministry that raises scholarship funds

for missionary students in third-world

countries. You can see more at www.”

*Felita R. Bradford, Cert’82,

BA’83, is an officer for U.S.

Customs and Border Protection in

Indianapolis. She lives in Indianapolis.

*Gregory M. Jehlik, BS’82, is

president and chief executive officer

of Wilkinson Industries Inc. in Fort

Calhoun, Neb. Previously, he was

CEO of CFC International, where he

helped lead the sale of the company

to Illinois Tool Works in September

2006. Jehlik lives in Burr Ridge,

Ill., flying each week to his work in


Celia Webb, BS’82, and her

husband, Mack, own Pilinut Press

in Warrenton, Va. They recently

released the book Webb’s Wondrous

Tales as part of a community

fundraising program for schools,

churches, and not-for-profit

organizations. Mack wrote the book

and Celia illustrated it. The couple

lives in Warrenton.

*Theodore D. Dickman, BS’83,

is partner in charge with the advisory

firm BKD in Indianapolis. He

lives in Indianapolis. In October

2007, the firm promoted Paul A.

Brankle, MProAy’03, and Michael

J. Summers, BS’02, MProAy’03, to


Kyle T. Brown, BS’84, is CEO

and founder of Innolyst Inc., a

company that provides Webbased

collaboration and scientific

applications to discovery research

organizations. Previously, he founded

another Web-based company, Ignite,

which he sold in 1999. Brown writes

that he also served as principal IT

director for Sun Microsystems. He

lives and works in San Mateo, Calif.

*Brent F. Spring, BS’84, is

president of Feast Banquets and

Catering in Mishawaka, Ind. He lives

in Mishawaka with his wife, LouAnn

M. Welsh, BA’89.

*“After spending the past 10 years in

Coral Gables, Fla., I am ‘back home

again in Indiana,’ living in Carmel

with my wife, Lea, and our three

children,” writes D. Peter Dunbar,

BS’85. “A desire to raise our children

in the Midwest was the driving

factor for the move. I have joined

the JPMorgan Private Client Services

team in Indianapolis as a client

adviser and can be reached at d.peter.”

*In October 2007, Thomas

C. Froehle Jr., BA’85, became

chairman and chief executive partner

at the Indianapolis law firm Baker

& Daniels. He will serve a four-year

term. Froehle has worked for the

law firm for 15 years and has served

as a member of the organization’s

management since 2000. He lives

in Indianapolis with his wife,

Jennifer (Miller), BS’85, MS’92,

principal of New Augusta Public

Academy North, a public school in


*David A. Grossman, BS’85, is

a founding partner of GBH CPAs,

an accounting firm in Houston. He

writes that the firm is registered with

32 Kelley magazine Summer 2008

the Public Company Accounting

Oversight Board and focuses on the

auditing of small- and medium-sized

public companies. Grossman lives in


Col. Keith A. Sharpless, BS’85, is

assigned as chief of staff for the 76th

interim brigade combat team of the

Indiana Army National Guard. The

IBCT is preparing for deployment to

Iraq in the spring of 2008. Sharpless

returned from a year in Afghanistan

in February 2006, having served

as an embedded tactical trainer at

an infantry battalion of the Afghan

National Army. An I-Man in track,

he lives in Noblesville, Ind.

*Elizabeth Yurko Gordon,

BS’86, has joined the faculty at

Temple University in Philadelphia,

where she has been named the

Merves Scholar in accounting and

an associate professor with tenure.

She earned a master’s degree from

Yale University in 1992 and a PhD

from Columbia University in 1998.

Gordon’s husband, Paul, BA/

Cert’86, MBA’88, is a director for

the medical-devices company Synthes

in West Chester, Pa., and also serves

on the board of directors for a startup

medical-devices company. The

couple has two children and lives in

suburban Philadelphia.

*David M. Reeb, BS’86, is a claims

representative at Safeco Insurance

in Deerfield Beach, Fla. He and his

wife, Jill (Ellis), AS’83, an optician

at Deerfield Opticians Inc., live in

Deerfield Beach with their daughter,


Cindy J. Cast, BS’87, has completed

a degree in Spanish at Montana

State University Billings, where

her husband, Brian, MFA’87, is

a professor. The couple recently

returned from a month in Spain and

Italy. They live in Billings.

*Andrew G. Long, BS’87, is vice

president of finance and information

technology for the life science

research division of Thermo Fisher

Scientific in Englewood, Colo. He

writes that he and his family recently

relocated to Lone Tree, Colo.

*Lindsay Bourke Agostini,

BS’88, is a stay-at-home mother in

Columbia, S.C. Previously, she was

involved in pharmaceutical sales for

Novo Nordisk Pharmaceuticals and

Bristol Myers Squibb. In July 2007,

Agostini traveled to Lorient, France,

to participate in the International

Triathlon Union Age Group World

Championship for Long Course

Triathlon. She placed fifth in the

world in her age group.

*Sam H. Hoover III, BS’88, has

been promoted to executive vice

president and chief operating officer

of the First State Bank of Middlebury

(Ind.). He is responsible for the

banking operations of the entire

corporation and will also serve as the

retail banking manager, handling all

types of lending. Hoover has worked

for First State Bank since 1992. He

lives in Middlebury.

In August 2007, Paul A. Will,

BS’88, was elected vice chairman

of the board of directors at Celadon

Trucking Services Inc. in Indianapolis.

He also serves as executive vice

president and chief financial officer, a

position he has held since 1998. Will

joined the organization in 1993 as

controller. He lives in Fishers, Ind.


*Kristina S. Armour, BS’90, and

her husband, Michael, own two

Bloomington, Ind., businesses —

Black’s Mercantile and The Video

Saloon. They live in Bloomington.

*Shawn M. Delaney, BS’90, works

as a controller for USP Structural

Connectors in Burnsville, Minn. He

writes, “I am eager to mentor, be

mentored, and to reconnect with

other IU graduates. I am looking

to network with others for both

business and pleasure.” Delaney lives

in Farmington, Minn., and can be

contacted at

*Andrea Rahe Thalheimer,

BS’90, is a financial planner. She

lives in Goshen, Ind., with her

husband, Steven, BA’91, assistant

superintendent for Fairfield

Community Schools in Goshen.

Their son, Adam, is a seventh-grader

at Goshen Middle School while their

other son, Luke, attends pre-school.

*Sarah Fischer Arnold, BS’92,

JD’96, is office manager of Smiles By

Arnold & Associates in Chesterton,

Ind. Her husband, Jim, BS’92,

DDS’96, owns the practice. In 2006

the Arnolds celebrated the birth

of their fourth child. They now

have two boys and two girls. The

family lives in Valparaiso, Ind.

Sean P. Burke, BS’92, is an

associate for the law firm Barnes

& Thronburg in Indianapolis. He

concentrates his practice in litigation.

*William J. Otteson, BS’92, has

joined the U.S. Attorney’s Office

in Minneapolis as a prosecutor in

its major-crimes section. He lives

in Minneapolis.

Julie Helvie Townsend, Cert’92,

AS’93, is optical manager at Eye

Physicians Inc. in Kokomo, Ind. She

lives in Peru, Ind.

*Wes Jost, BS’93, recently moved

to Meridian, Idaho, where he is a

small-business lending manager for

Mountain West Bank. He and his

wife, Joanna, have one daughter,

Eliza, and were expecting another

child in February 2007.

*Tami Shields Silverman, BS’93,

lives in Springfield, Ill., with her

husband, Ross, BA’92, chairman of

the Medical Humanities Department

of the Southern Illinois University

School of Medicine.

Scott A. Weires, BS’93, JD’96, is a

partner at the law firm Buckingham

Doolittle & Burroughs. He lives and

works in Boca Raton, Fla.

Kent A. Britt, BS’94, is an attorney

for the law firm Vorys Sater Seymour

& Pease in Cincinnati. In September

2007, he was named to the 2008 Best

Lawyers in America list, featured in

the directory’s commercial litigation

section. Britt lives in Cincinnati.

*Todd J. Gemmer, BS’94, of San

Francisco, is a financial adviser for the

financial-services firm Morgan Stanley

in Burlingame, Calif. “I am happy to

report that Scarlett Grace Gemmer

was born on Dec. 20 [2007], just 10

days after Henry turned 3.” Gemmer

can be contacted at todd.gemmer@

*Felicia Diamant Malter, BS’94,

of Chesterfield, Mo., is a partner for

the accounting and consulting firm

Rubin Brown Gornstein & Co. in

St. Louis. She was recently named

to the St. Louis Business Journal’s 40

Under 40 Class of 2008. Malter serves

on the communications committee

of the National Association of Home

Builders Women’s Council. She also

serves as a board member for the

Ronald McDonald House Charities

of St. Louis, the Clayton Chamber

of Commerce, and the finance

committee of the Coro Leadership

Center in St. Louis.

Rochelle Bucher Bartram,

BS’95, works for Legacy Advisors in

Indianapolis. She is also a musician

and recently released her second

album, Convince Me. Bartram lives in

Westfield, Ind., and can be contacted

through her Web site www.

*Daniel P. Surowiec, BS’96, lives

in Clarendon Hills, Ill., with his wife,

Jennifer (Lockyer), BS’96.

*Peter M. George, BS’97, is

manager of treasury planning and

analysis at International Specialty


Products in Wayne, N.J. He lives in

Bedminster, N.J.

*Brent D. Mosby, BS’97, JD’02,

works for the law firm Barnes &

Thornburg in Indianapolis. He lives

in Zionsville, Ind., with his wife,

Whitney (Hinkle), BA’99, JD’02, an

attorney for the law firm Bingham


*In October 2007, Sarah Hoecker

Sands, BS’97, became a marketing

specialist for Creative Financial Group

in Newtown Square, Pa. She writes

that she is also pursuing an MBA

degree from Penn State University.

Sands lives in Royersford, Pa.

*“I am CEO of SpeedNetworking.

com, a business networking event

service company,” writes Michael

A. Slater, BS’97, a former officer

of the Chicago Chapter of the

IU Alumni Association. “Please

feel free to contact me at slater@ Go Big Red!”

Slater lives in Chicago.

Drew Gaskell, BS’98, hosts an

afternoon radio show for the Chicago

radio station WUSN-FM 99.5.

Previously, he worked as a certified

public accountant. Gaskell and his

wife, Jill, have been married since

2001 and are waiting to adopt a

baby girl from China. He lives in

Brookfield, Ill.

Michael F. Jezo, BS’98, works

for the business process outsourcing

company Minacs in Milwaukee. He

and Beth Hoefer were married on

April 28, 2007 and honeymooned in

Switzerland and Italy. Jezo lives in

Waukesha, Wis.

In 2005, Jeffrey M. Alters, Cert’99,

BGS’00, founded Jeffrey Alters

Jewelry in Chicago. He writes that

he recently launched a signature

collection called Love Lincs. Alters

lives in Chicago and can be contacted

through his Web site, www.

*Rebecca A. Boostrom, Cert’99,

BA’04, writes that she is a student

in the Tulane University School of

Law in New Orleans, where she is

studying admiralty law.

Catherine C. Crismore, BS’99, has

been promoted to supervisor at Somerset

CPAs in Indianapolis. She works

for the company’s tax team. Crismore

lives in Fishers, Ind.

*Jerome M. Del Sordo, BS’99, of

Gansevoort, N.Y., is vice president

of the encompass region for the Ayco

Company, a subsidiary of the Goldman

Sachs Group. He writes that he

was married on Oct. 21, 2005. Kelley magazine 33



Seong Bong Ha, BS’00, is a business

education teacher for Glenbrook

South High School in Glenview, Ill.

He writes that he has finished his first

year as head coach for the girls’ varsity

soccer team, finishing with a record

of 20 wins, three losses, and two ties,

along with the school’s first conference

title since 1995. Ha has also earned

a national coaching diploma and a

national goalkeeping coaching diploma

from the National Soccer Coaches

Association of America. He lives in

Wheeling, Ill.

*Madalyn Stein Kandelman,

BS’00, works in the financial-services

department of General Growth

Properties Inc., a real-estate investment

trust in Chicago. Kandelman lives

in Chicago.

*Cristopher D. Kennedy, BS’00,

is an equity analyst for Skyline Asset

Management in Chicago. He lives

in Chicago with his wife, Sarah C.

Bauer, BS’00, chief resident at Comer

Children’s Hospital at the University

of Chicago.

*Erin Sribnick Rawitch, BS’00,

lives in Redondo Beach, Calif., with

her husband, Josh, BS’98, director of

public relations for the Los Angeles

Dodgers baseball team. Their first child

was born in October 2007.

*Adam F. Saad, BS’00, and his wife,

Jessica (Chastain), BA’00, write, “The

Saads had an eventful spring of 2007.

[Adam] received his JD from Capital

University Law School in Columbus,

Ohio. He will join his father’s law

firm and title company in Columbus.

Adam can be reached at adamsaad@ [Jessica] accepted a

promotion with Boston Scientific to

field marketing manager. Jessica can be

reached at However,

the biggest event of the spring was

the addition of a golden-doodle [dog]

proudly named Bloomington.” The

Saads live in Columbus.

*Greg R. Weier, BS’00, lives in

Shawnee, Kan., with his wife, Erin

(Carpenter), a nutrition support

dietician with Apria Healthcare in

Lenexa, Kan. They have two children

— Amelia, 3, and Graham, who was

born in October 2007.

*James P. Herl, BS’01, is a product

consultant for CONTECH Bridge

Solutions in Columbus, Ohio, where

he lives.

*Eric J. Levenhagen, BS’01, is

a project manager for the Indiana

Economic Development Corp. He

lives and works in Indianapolis.

*Thomas P. McClelland, BS’01, is

a software developer for Liberty Mutual

Group. He also serves as a warrant

officer in the U.S. Army Reserve.

McClelland lives in Fishers, Ind.

*Allison Wilensky Zimmerman,

BS’01, is a category leadership manager

for ConAgra Foods in Pleasanton,

Calif. She writes that she was married

in April 2007. Zimmerman lives in

Dublin, Calif.

*Natalie M. Mackiel, BS/Cert’02,

is an associate attorney at the law firm

Wolf Popper. On Sept. 15, 2007, she

married Mike Jackson, a director at

Hyperion Brookfield Capital in New

York City. Mackiel lives and works in

New York City.

*Mary A. Moore, BS’02, of Atlanta,

is an attorney practicing child welfare

and assisted reproduction law. On

Aug. 5, 2007, she married Eric David

Horowitz, who is pursuing a PhD

in biochemistry. The couple spent a

two-week honeymoon in Costa Rica.

Moore can be reached at mary@

*Jessica J. Parry, BS’02, is manager

of marketing operations for the IU

Foundation in Bloomington, Ind. In

2007 she received the IUF’s Miriam

Meloy Sturgeon Award for Partnership.

Parry lives in Bloomington.

*Kenneth J. Profrock, BS’02, is

a biological warfare agent detection

equipment-technician for AAI Services

Corp. He is pursuing a master’s

degree in education through an

online program of the University of

Phoenix and plans to move to Jakarta,

Indonesia, to start his student teaching

practicum at the Jakarta International

School. Profrock recently married

Jennifer Auret, of Hermanus, South


*Joshua A. Claybourn, BS’03,

JD’06, is an attorney with the law firm

Rudolph Fine Porter & Johnson in

Evansville, Ind. He was named one

of 15 “Up and Coming Lawyers” in

Indiana Lawyer. Claybourn lives in


*In September 2007 the law firm

Brinks Hofer Gilson & Lione hired

Joshua S. Frick, BS’03, as an

associate. Frick works in the firm’s

Chicago office.

*Diego Hurtado, BS’03, is night

hotel manager for The Lodge at Torrey

Pines, which, he writes, is the only

five-diamond hotel in San Diego. The

hotel serves as host of the annual Buick

Invitational Golf Championship and

will be the site of the U.S. Open in

June 2008. Previously, Hurtado served

as a key accounts executive for the

hotel chain Jumeirah in Dubai, United

Arab Emirates, and as an international

sales executive for the Ritz Carlton

Abama in Tenerife, Spain. He holds

an MBA in international hospitality

management from the Lausanne Hotel

School in Switzerland and a master’s

degree in real-estate management from

the ADM Business School in Madrid,

Spain. Hurtado lives in San Diego.

*Michael R. Backes, BS’04,

married Megan K. Freyer, BA’04,

chapter executive consultant for the

Appraisal Institute in Chicago, on Sept.

23, 2006. The couple lives in Chicago.

Michael V. Marzal, Cert/BS’04, is

economic development coordinator for

the city of Woodstock, Ill. “Thank you

to [IU Bloomington professor] Orville

Powell for getting me interested in

local government,” he writes. Marzal

received a master’s degree in public

administration from Northern Illinois

University in spring 2007. He lives in

Park Ridge, Ill.

*Ben Stewart, Cert’04, BA’05,

writes that he is living and working

in New York City, having made the

switch from a career in sales to one in

public relations. He works for Tonic

Life Communications, a London-based

public-relations company.

Kelli A. Whall, Cert’04, BS’05, is

a sports club graduate assistant at the

Aztec Recreation Center of San Diego

State University. In April 2007, she

was elected as a student representative

of the National Intramural and

Recreational Sports Association. Whall

lives in La Mesa, Calif.

In 2007, Tonya Vachirasomboon,

BS’05, of Crown Point, Ind., served

as a summer associate at the law firm

Bingham McHale in Indianapolis. She

expects to receive her juris doctor

degree in May 2008.

Erin L. Voegeli, Cert’05, BA’06, is a

student in DePaul University’s College

of Law in Chicago. She plans to

receive her juris doctor degree in May

2009. Voegeli lives in Chicago.

*During his time at IU Bloomington,

Benjamin A. Falk, BS/BA’06,

completed five summers of internships,

the first three of which were spent

as an equities derivatives analyst for a

firm on the Chicago Board Options

Exchange. The last two summers

he worked as an analyst in the fixed

income department for Bear Stearns

in New York City. After graduating,

Falk enrolled in a master’s course at

the London School of Economics

and Political Science. “This

interdisciplinary approach covers both

the quantitative and qualitative aspects

of long-run growth trends,” he writes.

“I hope to utilize this stock of

knowledge to begin a career investing

in global financial markets either at a

large bank, mutual fund, private equity

group, or hedge fund. I complete my

master’s in September 2007 and am

currently looking for full-time work

while splitting my time between

Chicago, New York, and London.”

*Kyle C. Hollon, BS’06, is an

account executive with Slingshot SEO,

a search-engine optimization consulting

firm that he helped found with four

other IU alumni in 2006. Kevin J.

Bailey, BS’04, serves as president of

the company. The company is based

in Zionsville, Ind.

*James A. Ignaut, BS’06, married

Harmony L. Haring, BS’06, on Dec.

22, 2007. The couple lives in Terre

Haute, Ind.

*Anne K. Johnson, Cert’06, BA’07,

is a college counselor for Lower Price

Hill Community School. She writes

that she is also doing work with

AmeriCorps for one year. Johnson lives

and works in Cincinnati.

*Kelly Marie Reinhold, BA/

Cert’06, and Christopher Thomas

Young, BS’05, were married on June

16, 2007. Chris is a sixth-grade science

teacher and head wrestling coach at

Doe Creek Middle School in New

Palestine, Ind. Kelly works for Humana

Inc. as a human-resources analyst. The

couple recently purchased their first

home in New Palestine.

*John F. Schaefer, BS’06, of

Indianapolis, is director of operations

for the Office of the Indiana Secretary

of State. He was featured in the 2007

edition of the Indianapolis Business

Journal’s “Forty Under 40,” a list that

identifies up-and-coming business and

community leaders in Indianapolis.

*Thomas J. Barlow, BS’07, is an

adviser for the consulting firm Veros

Partners in Indianapolis. He lives in


The editors gratefully acknowledge the

assistance of the Indiana University

Alumni Association in compiling class

notes. To submit information, write to

the Alumni Association at 1000 E. 17th

St., Bloomington, IN 47408, or visit

the IUAA on the Web at www.alumni.

*Member, Kelley School of

Business Alumni Association

34 Kelley magazine Summer 2008


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