COB News & Views January 2016

News Views WINTER 2016

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THE MAGAZINE OF THE COLLEGE OF BUSINESS AT ILLINOIS STATE UNIVERSITY

STUDENT TEAM

EXPLORES DRONE USES PLUS Student Financial Literacy An Alum’s Passion for the Alamo II Business Week’s Continued Growth

News Views &

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Message from the Dean

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Feature articles

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Cross-campus team explores risks and benefits of drones Business alum employs his education and passions at Alamo II Fostering financial literacy Getting out in the world The double down on leadership development

Development outlook

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COB news

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Staff Changes New Faculty/Staff

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Hall of Fame Inductees

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Early Career Achievement Awards

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Business Week 2015

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reetings from the College of Business (COB) at Illinois State University. It is again my honor and pleasure to represent the college and have this opportunity to share a few highlights. The U. S. Department of Education’s proposed system of rating colleges and universities is an appropriate focus for my comments. Although the proposal has drawn some criticism from both legislators and educators, it is hard to dismiss a proposal that wishes to “help colleges and universities measure, benchmark, and continue to improve across the shared principles of access, affordability, and outcomes,” and “help students and families make informed choices about searching for and selecting a college.” .

N In addition to access and affordability, most parents and prospective students I speak DEA E H with are focused on outcomes. Few universities and business programs have a better record MT on the key outcome metrics of graduation rates and loan default rates than Illinois State. We FRO rank in the top 10 percent in the nation on both metrics. A low loan default rate, currently under 3 percent, is closely linked to another important outcome measure: employment after graduation. Two of the college’s programs, accounting and professional sales, routinely place over 90 percent of students at graduation while other business majors enjoy employment opportunities above the national average.

Bloomberg’s Businessweek magazine again recognized COB as one of only three business schools in Illinois to rank in the top 100 business programs in the nation. Bloomberg’s ranking is particularly significant to the college’s mission as it captures the opinions of our employers as well as the traditional measures of student assessment and academic quality.

The college consistently ranks high in what many would say is the truest outcome measure of a successful business program: employer opinions of a program’s graduates. Alums and current students can be pleased that the value of a degree from COB continues to increase.

Last year we challenged ourselves to THINK BIG. Many ideas were generated that we continue to explore. This year, we are challenged to execute those ideas. Three ideas that have gained considerable traction are improvement of written communication, a program to increase professionalism, and additional opportunities for innovation and collaboration.

For this report I will share some examples of innovation and collaboration.

An inspiring example is the story of an accounting major, a finance major, and a marketing major who graduated in 2012 and 2013. While they were students here, they began developing a model for a unique concept in the textbook rental business. Two of them, Mike Shannon and Kasey Gandham, presented their idea to a national primetime audience in March 2014 on ABC’s Shark Tank. Their concept was well-received and garnered substantial funding and increased validity from one of the shows “sharks.”

The Means Center has been at the heart of innovation and collaboration in the college for several years. The center has initiated many successful programs that have helped direct and inspire the entrepreneurial spirit in the COB, as well as across campus. In addition to the great work being done by the Means Center, within the COB three projects are additional examples of innovation and collaboration.

The first project is the BIS Innovation Lab. Last fall the college developed the lab, complete with workbenches and 3D printers. It is being used heavily to produce a variety of 3D projects as part of three classes in the college’s Business Information Systems curriculum. The second project is the College of Business Collaboration Space. Plans are being evaluated to develop a modest space for student collaboration. It will include furniture and technology to support three or four group stations. Finally, an interdisciplinary group supported by the Center for Insurance and Financial Services (the Katie School) is working on a drone project. The project has drawn considerable interest from the insurance and agricultural communities.

From articles on financial literacy to leadership, I know you will enjoy the stories in this edition of News & Views. The article on development activities highlights the impact of your investment in the college. Your support has made a real difference in the lives of our students and faculty. You have made a significant impact on access and affordability for our students. You have helped the college attract and retain outstanding faculty. You have invested in programs such as written communication, student leadership development, professionalism, financial literacy, and innovation—just to name a few. My sincere thanks for your generosity.

Through the efforts of the college’s outstanding faculty and staff, students, advisory councils, alumni, and friends of the college we will continue to execute our ideas. I look forward to sharing our progress and outcomes throughout the year in a variety of forums as well as next year in this publication.

This is the 10th anniversary of the opening of the State Farm Hall of Business. It is often said that a building is just a space and that it is the people who determine the success of an organization. Of course, that is true, but I sincerely thank former Dean Dixie Mills and former Finance, Insurance and Law Department Chair Charles McGuire for their vision in creating an extraordinary space for the faculty, staff, and students to enjoy every day.

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Sincerely,

Gerry McKean ’72, M.S. ’75, Ph.D. ’85 Interim Dean, College of Business

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CROSS-CAMPUS TEAM EXPLORES RISKS AND BENEFITS OF DRONES

By Steven Barcus

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llinois State students from across campus are exploring the potentially groundbreaking applications of drones for commercial uses. Project leader Daniel Liedke, a risk management and insurance major, has assembled a team from multiple disciplines, including computer science, political science, risk management and insurance, and agriculture to analyze the benefits and risks of implementing this technology.

The students’ interest in drones, or unmanned aerial vehicles (UAVs), began with a research project overseen by Katie School of Insurance and Financial Services Director Jim Jones. Jones and a group of Katie School students, which included Liedke, were working with officials in Ghana on developing crop insurance audit methods that would estimate yields and losses using satellite images. The satellite produced grainy images that proved useless in gathering effective data.

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The students began searching for solutions by researching efficient farming and measurement methods used in the United States and comparing them to methods used abroad. They also began to explore the types of equipment that could be used to enhance the farming and measure crop yields. That’s when the focus turned to UAVs. “The whole purpose of this project is to get students to start to understand how to gather information, how to analyze information, how to contemplate the business uses of different technologies, evaluate the risks of different things going on—things that will be game changers in the future,” Jones said.

The team found that UAVs with mounted infrared cameras could get a much more accurate look at crop yields. Other applications for precision agriculture also became apparent, including monitoring crop weather damage, pest and weed management, examining and avoiding spread of disease in crops and livestock, dedicated irrigation, and determining specific concentrations of pesticides and fertilizers.

It seemed that through these applications, UAVs could reduce costs, increase yields, and prevent runoff—all while maximizing profit.

“From all of our unique perspectives we started asking what are the uses for UAVs, and because we focused on agriculture, what are the issues we’re running into and what are some that people aren’t talking about,” Liedke said.

Despite all the uses for the technology, using UAVs for commercial purposes is relatively uncharted territory. The barriers to using UAVs are not technological, as much as they are based on restrictions by the FAA, as well as the insurance industry, as they learn how to implement the technology.

The legal challenges presented by implementing UAVs into commercial use prompted Liedke to add Devin Taseff, a political science major, as a legal researcher. Taseff, who hopes to study law at Northwestern University after graduating from Illinois State, said the FAA restrictions on the commercial use of UAVs are not due to a rejection of the technology so much as a lack of infrastructure to regulate them.

“An entire new framework has to be put in place, much like the law for the highways,” Taseff said. “We have to have a system put in place that is safe and efficient. The technology, much like the Internet and computers and microchips, is so far outpacing the legislation that it is people in the industry who will be working with the FAA and laying groundwork.”

UAVs have become relatively popular in hobby and recreational flying and do not require FAA approval as long as they do not fly above 400 feet and remain in sight of the operator.

Taseff also noted that many countries outside of the United States have already implemented UAVs for commercial use. For example, Japanese farmers use UAVs to more precisely water and fertilize crops— which in turn have helped cut the farmers’ costs by three percent. The technology, if implemented in the U.S., could save billions nationally.

In a presentation given to the Katie School of Insurance and Financial Services Advisory Board, the research team suggested that approximately $89 billion within the next decade will be spent on the UAV industry. Given that UAVs are at risk for hacking, piracy, damage during transport or storage, and crashes due from cargo and the UAV itself, establishing practices for insuring and underwriting is crucial to protecting the value of the technology.

“One of the big risks associated with UAVs is that they can be hacked into,” Jones said. “With some inexpensive equipment you can get a UAV to follow your signal.”

Representatives from State Farm and COUNTRY Financial requested a presentation not only on insuring and underwriting

, FIELD Y M E ON L P O E TE P A BETTER EAS.” A C U D AR VE OE S ’ A T R H T E L O H “I G W WE AL ACH OT O FE UAVs, AND N TANDING O but also S how their individual UNDER companies could use the technology in their own operations or create efficiencies.

The Katie School and College of Business have supported the student-driven project by purchasing two UAVs that the students can use for testing, and sent representatives from the team to the 2014 International Conference on Unmanned Aircraft Systems in Orlando, Florida. The school also connected with a Chicago-based law firm to examine the legal issues associated with UAVs. The group is exploring indoor facilities where they can fly the two UAVs to further their research and collect data.

The experience has been invaluable for the students involved as they prepare for their futures. Even after the team members graduate, they plan to help the students who will continue the research and create recommendations and infrastructure that could be key in shaping an emerging industry.

“This has given me an edge over any law student applying to Northwestern,” Taseff said. “It gives me an edge over any law student I would compete with to get a job at a law firm. I’m exploring an emerging market and doing the work of a lawyer as an undergrad. There aren’t even second-year law students who are doing what we are doing because it is on the cutting edge.”

“We got to research something we were passionate about,” Liedke said. “I got to learn about IT, law, and all of these different fields I never would have thought about. At the same time, I got to educate people on my field, and now we all have a better understanding of each other’s areas.”

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ONT R F E R E FO IS H T T ESS NA N E I E S B U W AY S O S E O F A B L A S ’ “IT PURP OMER.” E H T T H AT T E A C U S T EA TO CR 4 Illinois State University College of Business

BUSINESS ALUM EMPLOYS HIS EDUCATION AND PASSIONS AT THE ALAMO II

By Lacey Mandrell

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llinois State business alum Larry Ernat ’94 has managed The Alamo II for almost a decade. Although Ernat graduated 21 years ago, his passions and his business philosophies stem back to his days studying in the College of Business (COB).

Rather than wait for a lull in sales, Ernat asks why something is working well. He said Peter Drucker’s book, The Practice of Management, assigned in an ISU business marketing class, influenced him. “It’s always been at the forefront that the purpose of a business is to create a customer,” Ernat said. “I remember reading that when I was 27 … that’s crucial in the service industry.”

As Ernat spoke, his staff continuously moved about helping customers, filling displays of snacks students purchase between classes.

It was as if they genuinely wanted to be there. It was as if they genuinely liked their jobs. A sign of sound leadership, yet Ernat shied away from taking full credit of The Alamo II’s friendly, yet focused atmosphere.

“So much was in place when I got here; The Alamo had such a great foundation,” he said.

With a double major in marketing and business administration, Ernat is as eager to develop pilot and marketing projects as he is

to oversee the development of his bookstore staff. Biology student staff member and senior Colleen Murphy attested to such personal development. Over the past three years, she said she’s learned how to better communicate with customers and determine their needs.

ISU’s Family Weekend was an example of Ernat’s leadership, as well as his team’s ability. He said sales increased “virtually 100 percent” from 2014’s Family Weekend. He attributed part of that to a record freshman class and ISU’s football team playing in a national championship, but also his staff, who replenished the retail floor at warp speed. The team “exceeded anyone’s expectations, which was rewarding,” he said.

Ernat has no plans to stop there. He and his team have additional innovative marketing strategies and ideas to implement.

For instance, the floor space dedicated to greeting cards and various school supplies will look quite different.

“With the newest version of the Nike Redbird Professional shop, there will be an addition of mini shops where the departments will sort of point themselves out,” Ernat said.

And given Ernat’s love for his college, look for an area with COB items.

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FOSTERING FINANCIAL LITERACY

By Mary-Margaret Simpson EFFORTS TO HELP ISU STUDENTS AVOID THE PERILS OF DEBT WILL SOON REACH OUT TO THE COMMUNITY AT LARGE

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redit cards, payday loans, and even a debit card all come with risks, but add in the cost of repaying a student loan and many college graduates find themselves in deep trouble. The total student loan balance across the country, $1 trillion, translates into a mountain of debt, threatening to undermine the ambitions of young adults wanting to save, invest, and buy their first home.

Reflecting national concern that students are ill-prepared to manage money, in 2012 the ISU Provost’s office called for the development of a general education class on financial literacy.

Launched in 2013, with support provided by COUNTRY Financial, Personal Financial Literacy for the College Student was designed

by Tamra Davis, assistant professor of marketing in the Business Teacher Education program.

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IMPAC N A ING ARE V A H ISU IS STUDENTS D F I E O SE E IF OUR N WOUL T T N A HA SE “ W E W E N T S , T O C A P A B L E T L T R AT E . ” U UD Y ON ST INANCIALL LOW DEFA F A MORE AINED BY PL BE EX Focusing on how students can make informed decisions about finances, budgeting, saving, investing, and protecting themselves against risk, the freshman-level class is taught both online and faceto-face by all three faculty members in Business Teacher Education.

It covers financial aid, student loans and scholarships and includes a segment in which students calculate the ultimate monthly repayment on their student loans.

CAREER CHOICE The class also requires students to connect with the Career Center to determine the likely entry-level salary of their intended career.

According to Davis, that particular exercise serves as the foundation for budgeting assignments that follow. “The purpose is for them to see how career choice will impact the financial decisions they’ll make later,” she said.

Davis noted that some in the class, which is open to all ISU students, have been shocked to learn that they already have a credit score based on their student loans. One student wasn’t aware she even had student loans because her parents had completed the paperwork for her.

“The class can be scary but students need to know these things,” she said.

In 2014 COUNTRY Financial provided additional support for the production of videos that will be streamed on the College’s YouTube channel featuring area business leaders offering their expertise on financial issues. COUNTRY Financial funds also will help Davis research how financial literacy is taught throughout Illinois. The state requires a total of nine weeks in financial literacy education in high school, but 33 states have no requirement at all.

“I would like to see every ISU freshman take this course,” Davis said.

ARE ISU STUDENTS DIFFERENT? According to the U.S. Department of Education, the national default rate on student loans is 11.7 percent (based on a three-year cohort), higher than that for credit cards, mortgages, and auto loans. In contrast, the default rate for ISU graduates is 2.8 percent.

What accounts for the difference? The question intrigues Gary Koppenhaver, chair of the Finance, Insurance and Law Department.

Several possibilities are on the table. ISU students find jobs after graduation so they are in a position to pay back what they borrow.

ISU students come from wealthier families (50 percent of incoming students report an average household income of $100,000 or more).

ISU students borrow less than the national average. The best possible explanation: ISU students are more financially astute than their counterparts across the country.

To shed light on what’s really going on, Koppenhaver and a team of three other faculty in the department (Edgar Norton, Christopher Tamm, Abhishek Varma) are surveying ISU students

to measure their “financial capability,” which he defines as having both financial literacy and the behavioral incentives to act accordingly.

They surveyed Illinois State freshmen and seniors in 2014 and plan to repeat the survey with even more students this year.

Questions measure their knowledge of loans and borrowing in general, earnings concepts, investment strategies, retirement savings, insurance, and credit. COUNTRY Financial is again stepping up to provide support for the project.

“We’re hopeful we can provide information to the University on the financial literacy of students coming in and going out,” Koppenhaver said. “We want to see if ISU is having an impact on students, to see if our students are more financially capable than would be explained by a low default rate.”

Based on the results, Koppenhaver said the Finance, Insurance and Law Department hopes to serve as a resource for the wider University community through specific interventions and programs.

He envisions student-orientation workshops and yearlong drop-in services in which students from the department, especially those majoring in financial planning, would help other students with their financial decisions.

The department has established an Institute for Financial Planning and Analysis that benefits the entire University campus.

The institute sponsors conversations on financial questions, supports faculty research, and provides mentoring opportunities for advanced Finance and Financial Planning students.

Koppenhaver cited the last recession in which many Americans lost their homes, unaware of how exposed they were to risk.

“We can help the wider community make informed decisions,” he said. “That’s our role in society—to better lives and improve the financial well-being of people outside the University.”

TIME TO TALK Just starting the conversation has been a good step for the University. Liz Bresnahan is a sophomore Special Education major from Normal who took Personal Financial Literacy for the College Student with Kathy Mountjoy, associate professor of Marketing. She said the class gave her information she needs now, such as how to avoid accumulating debt while still in college.

Despite the national debate on the burden of student loans, Bresnahan said it’s not a topic that students routinely discuss among themselves.

“It’s unspoken,” she said. “Nobody talks about the financial situation that they’re in.”

That’s exactly what the College of Business intends to change.

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HEN W E G N ED TUDENTS A S A S H BER OF S OAL S E N I BUS HE NUM ARS, A G F O E LEG UBLING T FIVE YE N. L O C THE S TO DO EXT GIC PLA N E H E T TE M IT CO BROAD IN NAL STRA A IO G O I N G I N T E R N AT ’S IN ISU

GETTING OUT IN THE WORLD MORE BUSINESS STUDENTS ARE EMBARKING TO EUROPEAN UNIVERSITIES, MULTI-NATIONAL BUSINESSES, AND EVEN A START-UP COMPANY IN THE TROPICS

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omething Shannin Hespeler will never forget: walking up the stairs at Phillips Global in Amsterdam, heading toward the presentation room with its sophisticated furniture and ultra-modern lighting, on her way to meet with CEO Frans van Houten.

“He was a really cool guy,” said the senior international business major from Cary, Illinois, when recalling the man who sat down with a group of exchange students. What she especially remembers is what van Houten wanted to talk about: what it takes, personally, to be CEO of Phillips Global. “He never stops working, never stops moving, not even on vacation,” Hespeler said.

That insight is exactly what Barbara Ribbens has in mind when business students trek to the far corners of the world through study abroad, exchange programs, and international internships.

Now in her fourth year as director of the International Business Institute in the College of Business (COB), Ribbens exudes true passion for global study.

“It broadens you and it deepens you,” she said. “You will gain confidence and inner strength because of what you experience.”

8 Illinois State University College of Business

Because it offers a major in international business (the only one at a public university in Illinois), COB has an edge when it comes to doubling the number of students going abroad in the next five years, a goal stated in ISU’s international strategic plan. International business majors, currently around 135 students, are now required to complete some kind of overseas component.

“In conversations I’ve had with people in human resources, graduates in international business really don’t have credibility unless they’re traveled,” Ribbens said. “Even if an entire semester isn’t feasible, a shorter program will get the student culturally exposed.”

TWO-WAY EXCHANGES Ribbens coordinates all study abroad activities for COB, including nine exchange programs. Eleven business students were in Europe on exchanges last fall, twice the number in any previous fall semester during her tenure. Exchanges work two ways: ISU students attend partner universities overseas and those institutions send their students to ISU. Participants may pay extra fees to the host institution but no additional tuition.

One exchange is with the ESSCA School of Management in Angers, France, which five ISU students attended last fall. Four students spent the year at the University of Paderborn in Germany in a transfer degree program that can lead to two international business degrees, one from ISU and one from Paderborn.

Students can also line up outside-the-box opportunities to satisfy special interests or career goals. For example, a business student recently completed a semester at a university in Johannesburg, South Africa.

“If you want to study anywhere in the world, you can,” Ribbens said. But she feels that student investment in the experience is essential. “Students have to do a fair bit of the legwork in seeking situations and figuring out what works for them.”

Many business students dream of finding a career-stoking internship. What’s even better? Finding one overseas. Ribbens said that several students have interned in Mexico with PricewaterhouseCoopers and another recently worked for an insurance company in Delhi, India.

“I’m constantly looking to make connections so students can find internships that connect global travel with work experience,” she said.

OFF THE GRID Carol Martinez is a senior international business major from Alsip, Illinois, who last summer spent 11 weeks interning with a business development and entrepreneurship program in Panama.

While she thought she wanted to study abroad in Paris or find an internship in Europe, Martinez found herself part of a start-up team for Kalu Yala Farms, a company producing specialty food products in the tropical frontiers of Panama.

“This internship was beyond your typical study abroad program,” Martinez said. “Dr. Ribbens explained to me that emerging markets

are the new thing, that I would learn so much more. I ended up building a business model for the company and had a real impact.”

Martinez spent time “off the grid,” leading research and development and conducting hands-on field research to bring a new organic tea product to market.

“The business models we built are laying the groundwork for an entirely new town dedicated to self-sustainability,” Martinez said.

She was the first student from ISU to participate in Kalu Yala, which provides internships to students in areas beyond business, including biology, agriculture, outdoor recreation, health and wellness.

Martinez said she was so captivated by the experience that she is hoping to focus the remainder of her coursework and her career on corporate social responsibility and sustainability.

“I had to assimilate into another culture and be around people who were different; I came back a different person,” she said.

BEYOND HAND-HOLDING Ribbens feels one of the advantages of an international experience is that students must learn to find their way in another system, whether in a university or an office. Hespeler seconded that as she recalled her first days at Hanze Applied University in the Netherlands.

“They gave us a tour of the building once but said we would have to figure it out from then on,” she said. “Because if you’re in business and you travel to another country, nobody will be there to hold your hand.”

That’s just one of many reasons why Ribbens believes all business students stand to gain from completing an international experience.

“Every business is global,” she said. “If a business is not global itself, they have global customers or global suppliers. It’s absolutely critical to be exposed to international business. And you’ll have stories that will stay with you the rest of your life.”

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THE DOUBLE DOWN ON LEADERSHIP DEVELOPMENT ON-SITE EXECUTIVE TRAINING PROGRAMS ARE PART OF A RENEWED COMMITMENT TO AREA LEADERS BY THE ORGANIZATIONAL LEADERSHIP INSTITUTE

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ENT M P O EVEL ONS D P I D E R S H RG A N I Z AT I A E L TE’S HANGE O NG, AND U T I T C YI NS THE I S CLEARLY D TO STUD TEAMS. T TE P EFFOR RE DEDICA EADERSHI L A T H AT I N G , T H E I R V IMPRO 10 Illinois State University College of Business

he College of Business (COB) is ratcheting up efforts to provide advanced leadership development programs for executive teams and boards throughout the region.

According to Richard Ringer, director of the Organizational Leadership Institute (OLI), business faculty have long provided expertise to businesses and nonprofits in the Twin Cities community. But there’s renewed vigor behind a desire to put together assessment and training programs to affect real change among the area’s top executives.

Unlike off-the-shelf professional development or non-academic executive training, the OLI offers high-level coursework taught by faculty in the College’s nationally ranked MBA program. Custommade services include on-site classes, assessment and other self-study measurements and even one-on-one coaching.

Bloomington-based GROWMARK first tapped the OLI in 2007 for leadership education and development classes as part of its executive-training program. Becky Ropp, director of talent management at GROWMARK, described it as an extensive series of seminars and workshops for groups of about 16 “high-potential” executives. Topics included new product development, marketing, project management, performance management and legal responsibilities.

ISU business faculty provided the academic foundations while GROWMARK executive vice presidents applied the theory to company practice and values.

“The professors did a really nice job of working with our vice presidents to pull out the learning points,” Ropp said.

In addition to learning course content, participants also collaborated with one another in general.

“At the time we had various silos in the organization and being together was a real benefit for the participants,” she said.

Even better, the vice presidents openly discussed the company’s successes and failures.

“We talked about the decisions we made in our history that didn’t go well and what we would do to avoid similar decisions today,” she said. “It was tremendously advantageous for future leaders to hear that humility in another leader. It turned out to be a very powerful training program.”

Peter Trotter is an ISU alum, MBA ’10, who was in a unique position when he was selected for the program at GROWMARK. “Some of it was a refresher, a super-condensed version of what I learned in the corporate MBA program at ISU,” Trotter said.

Now associate general counsel at GROWMARK, Trotter feels that the training helped him tailor what he learned in graduate school to the GROWMARK environment. “It’s really good for any student to take a business concept and put it in practice.”

NONPROFITS The OLI also works with leaders of nonprofit organizations, such as the board of directors of the Illinois Soybean Association, a statewide organization based in Bloomington.

Linda Snell, a consultant for LBL Strategies in Chicago, asked Ringer to develop a training package for the Soybean Association board after learning of the OLI’s track record with GROWMARK. “We believe in working with universities because of their credibility,” she said. “We were looking for an advanced program that would teach contemporary leadership techniques. The Association could have put together its own speaker series but it wanted more than the basics.”

Now in its second year, the project consists of day-and-a-half sessions to help farmer-leaders become more knowledgeable, Snell said.

“The purpose is to stretch the farmer-leaders, to help them lead as an officer, to go to national organizations or wherever they would like to take their leadership next,” she said.

TRANSFORMATIVE SELF-ASSESSMENT The College and its long partnership with COUNTRY Financial took on new meaning in 2012 with one of the OLI’s most transformative leadership development efforts to date.

COUNTRY identified three core competencies for its leaders— engagement, empowerment and accountability—and asked the OLI to develop an assessment tool to measure the current baseline of performance on those competencies. A team of faculty that included Nathan Hartman, Mathew Sheep, Laura Erskine and Yongmei Liu created and administered an in-depth assessment to nearly 400 company leaders, including CEO Kurt Bock, and analyzed the results.

“We had never done anything like that before,” said Barbara Taft, director of human resources. “It was very insightful. Almost everyone in the company participated as a rater so it allowed us to see where we needed to improve. Reports were issued and action plans built around it.”

Next steps include exploring a comprehensive curriculum on leadership with the OLI. “(It will be) based on what skills we are looking for in our leaders to help us move forward,” Taft said.

TWO-WAY BRIDGE The OLI’s leadership development efforts clearly change organizations that are dedicated to studying—and improving—their leadership teams. But another cohort stands to benefit: COB students.

“Individual faculty are involved in several organizations, and our bridges to the community are stronger than ever before,” Ringer said.

“We love going out, and we love having professionals come here to talk to our students, to visit classes, and offer their perspective. We view leadership-development programs as partnerships. The more chances we have to work with the professional community, the better we feel that we do in our role as faculty.”

In fact, after a year-and-a-half respite, the OLI is gearing up two of its long-standing leadership opportunities for students, the Leadership Fellows and Summer Reading programs. Both connect students with industry leaders who visit campus and share their insights in a smaller group setting than standard classroom visits.

“We have a superb faculty, great thinkers, and teachers who are published and who have significant work experience,” Ringer said.

“They are excellent at working with professionals in leadership roles and have a great deal to offer in training and development.”

If history is any indication, their expertise will continue to be a boon to area leaders and ultimately transform the companies they lead.

The Chicago Leadership Series and the Leadership Breakfast Programs are two new leadership development programs offered by the Organizational Leadership Institute. Sessions in both programs will be led by full-time faculty at the College of Business, and each program, led by faculty with significant professional and academic expertise, will offer sessions that address critical leadership-related topics. Many of the faculty leading these sessions are nationally and internationally known for their contributions to the study of leadership and organizations.

The goal of each program is two-fold. First, we want to create stronger connections and ties with our alumni and with local business communities and create opportunities for individuals to examine and explore important issues related to leadership in organizations. Second, we also want to provide increased opportunities for our faculty to interact with business and community leaders in each area.

UPCOMING CHICAGO LEADERSHIP SERIES EVENT WOMEN PROMOTE! STRATEGIES FOR AUTHENTIC SELF-PROMOTION

Wednesday, February 17, 2016 noon – 4 p.m. (lunch provided from noon – 12:45 p.m.)

Illinois State University Alumni Center, Crain Building, Downtown Chicago Price: $25

UPCOMING LEADERSHIP BREAKFASTS All Breakfast Sessions will be held at the State Farm Hall of Business in Executive Classroom 431. All sessions begin with breakfast at 7:30 a.m. followed by a faculty presentation and/or discussion. Sessions end at 9:30 a.m.

IMPROV AND THE INNOVATIVE LEADER

Friday, February 12, 2016 GET IT DONE: PRINCIPLES OF PROJECT MANAGEMENT

Friday, March 18, 2016 WOMEN PROMOTE! STRATEGIES FOR AUTHENTIC SELF-PROMOTION

Friday, April 8, 2016 THAT’S NOT CHEATING! CREATING AN ETHICAL CLIMATE FOR MILLENIALS

Friday, May 13, 2016 WOULDN’T IT BE LOVELY? HOW TO THRIVE IN THE MIDST OF YOUR MOST KNOTTED TENSIONS AND PERSISTENT PROBLEMS

Friday, June 10, 2016 SEE MORE AT: BUSINESS.ILLINOISSTATE.EDU/OLI/LEADERSHIPSERIES

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12 Illinois State University College of Business

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hank you for making Illinois State an amazing place for students to study and learn the art and practice of business. Your gifts are an investment in emerging talent and are critical to advancing the national reputation and excellence of the College of Business (COB), enhancing the value and pride of an Illinois State degree.

In spite of declining state support for public higher education, Illinois State continues to excel and receive external recognition for its quality. The University now ranks 79th nationally for large public universities in the U.S. News rankings. Money Magazine recognizes Illinois State as a top 25 institution providing the best value to its students and the College of Business remains a top 100 ranked business school by Bloomberg Business Week.

Last year, I talked about “Thinking Big”, and that this would mean something different to everyone.

Through the generosity of our alumni, friends and corporate partners the University and College achieved record-breaking fundraising success during Fiscal Years 2014 and 2015. Total University support surpassed $19.5 million in 2014 with over $8.3 million dedicated for COB. In 2015, total University support topped $36 million. Your ongoing support and involvement will ensure that future students continue to have the same opportunities that you experienced.

In the 2014 State of the University address, President Larry Dietz talked about how, since its founding in 1857, Illinois State strives to make the world a better place.

“The challenges then, now and in the future, will revolve around our ability to find funding sources to fuel our dreams,” he said.

Every gift is important, and every gift makes a difference in the life of a student. Thank you for your continued support and faith in the quality of an Illinois State University education. Through your generosity you fuel our students’ dreams.

PHILANTHROPIC PRIORITIES • Our long-term goal is to have an endowment large enough to generate $1 million per year in income. This would require an endowment in the $25 million range. The current endowment is valued at $16.9 million with an additional $2.8 million in expendable funds.

• Funding priorities include support for students, faculty, technology, and the general excellence fund—investing in the future of the college.

• The impact of private support is critical to attracting and retaining the best students and faculty, providing resources for innovation, strengthening communication skills and professionalism of students, enhancing financial literacy initiatives, and the development of data analytics.

• We have surpassed our three-year goal of increasing confirmed deferred gifts, including bequests, trusts, and life insurance by at least $3 million. Our total after year two is $8,452,678. In year three we have an opportunity to continue “Thinking Big” and make a statement that will impact future generations of students.

CREATE A LASTING LEGACY

Increasing confirmed deferred gifts, including bequests, trusts, life insurance, and charitable gift annuities, can play a powerful role in generating funds for the College while also helping donors fulfill their personal financial and philanthropic priorities.

To learn how you can leave a lasting legacy to benefit future students, please contact Norris Porter at (309) 438-2297 or neporte@ilstu.edu.

THANK YOU TO OUR DONORS

For the first time we are making our annual and lifetime donor rolls available online. We are including impact stories and short videos that we hope our donors find meaningful and compelling. Our goal is to continue adding stories throughout the year. We appreciate your feedback and welcome your story ideas. Visit our recognition and impact site at Business.IllinoisState.edu/impact.

COLLEGE OF BUSINESS ANNUAL GIFTS AND COMMITMENTS

TOTAL ANNUAL DONORS

2015

$3,167,738

2015

1,643

2014

$8,382,014

2014

1,775

2013

$2,621,325

2013

1,585

2012

$4,077,042

2012

1,504

2011

$3,939,759

2011

1,643

2010

$3,782,650

2010

1,600

Contact Norris: (309) 438-2297 | neporte@IllinoisState.edu or Toni: (309) 438-4303 | tkburni@IllinoisState.edu

News & Views

13

NEW ENDOWMENTS AND SCHOLARSHIPS FOR THE COLLEGE OF BUSINESS We express appreciation to our donors who have established the following new endowments, scholarships, and restricted funds during FY 2014.

CHARLIE NORMAN DEAN’S SCHOLARSHIP

The Charlie Norman Dean’s Scholarship Fund was established in 2014 in memory of Charlie Norman, a 1988 finance graduate of the College of Business. Charlie began funding scholarships for the Finance Department in 2009 through annual gifts and made a provision in his estate to endow both finance and college-wide scholarship funds upon his death. The Dean’s Scholarship will be awarded annually to students majoring in business at Illinois State University. An investment broker and certified financial planner for more than 25 years, Charlie provided unparalleled service to his clients in Rockford, Bloomington, and states around the country.

Charlie loved helping others and had an amazing way of making you feel special with just a few words.

GIVE ONLINE AT ADVANCEMENT.ILLINOISSTATE.EDU/NORMANDEAN CHARLIE NORMAN FINANCE SCHOLARSHIP

The Charlie Norman Finance Scholarship Fund was established in 2014 in memory of Charlie Norman, a 1988 finance graduate of the College of Business. This scholarship fund will be used to provide support for finance students, including the outstanding senior and outstanding junior finance majors at Illinois State University.

Charlie was inducted posthumously into the College of Business Hall of Fame in 2015.

GIVE ONLINE AT ADVANCEMENT.ILLINOISSTATE.EDU/NORMAN J.D.J. RIGGS ENDOWED SCHOLARSHIP

Out of a desire to help young people aspire to their chosen profession, James and Deborah Riggs established the J.D.J. Riggs Endowed Scholarship Fund to benefit business students at Illinois State. Jim is a 1968 graduate of Illinois State University with a B.S. in business education and MBA in 1980. He had a 42-year financial management career. Deb is currently a learning manager within the Global Learning Organization of Bank of America. Jim and Deb have a daughter Jessica, a 2000 graduate of the business college at the University of Florida. She resides in Jacksonville, Florida, where she is a vice president of operations. Jessica will also continue the support of the endowed scholarship.

GIVE ONLINE AT ADVANCEMENT.ILLINOISSTATE.EDU/JDJR

LOIS V. HOBART ADVISEMENT CENTER

The name of the Advisement Center Suite in the College of Business has been changed to reflect the estate gift of Lois V. Hobart. The new name of the center will be “The Lois V. Hobart Advisement Center.”

The name change will create a lasting legacy honoring Lois V. Hobart and her commitment to educating and mentoring students.

JACK VINCENT ENDOWED SCHOLARSHIP

This scholarship is named for John “Jack” Vincent ’62. Jack grew up in Springfield, Illinois, before attending Illinois State University.

He worked for United Airlines for 17 years in various levels of management before moving on to Bank of America. After a 19-year career there he retired as a senior vice president in Global Treasury Services. The Jack Vincent Endowed Scholarship will be funded through a deferred planned gift and will benefit students majoring in business. Jack is a proud graduate of Illinois State University and this scholarship is his way of “paying it forward.”

WILLIAM AND NANCY YARGER ENTREPRENEURIAL SUPPORT FUND

The William and Nancy Yarger Entrepreneurial Support Fund was created in 2013 by William and Nancy Yarger to support professional development initiatives and start-up costs to help students turn entrepreneurial ideas into sustainable businesses.

William (Bill) Yarger graduated from University High School in 1964, and from Illinois State University in 1969 with a degree in business administration. Nancy also graduated from Illinois State in 1969, with a degree in family and consumer sciences. For 35 years, Bill was co-owner of The Alamo II, a familiar and busy site for students, faculty and staff on the east edge of the University campus. This fund will encourage and help students pursue a dream of creating and owning their own businesses.

GIVE ONLINE AT ADVANCEMENT.ILLINOISSTATE.EDU/YARGER PROFESSIONAL SALES ALUMNI SCHOLARSHIP

Zach Frazier, ’06 marketing/management and Anna (Trefil) Frazier, ’06 marketing, both attended the College of Business and were selected as student Sales Scholars for the newly established Professional Sales Institute. After graduation Zach and Anna married and pursued their aspirations in sales, working in the real estate and advertising industries. Anna and Zach have a desire to support a scholarship for students interested in a career in professional sales and hope that other alumni will also contribute to this scholarship for the advancement of student excellence in sales.

GIVE ONLINE AT ADVANCEMENT.ILLINOISSTATE.EDU/PSAS

LOIS VIOLET HOBART ENDOWED SCHOLARSHIP

KATIE SCHOOL ALUMNI SCHOLARSHIP

Lois Violet Hazard Hobart was born November 30, 1918, in Leaf River, Illinois, the daughter of William and Blanche (Church) Hazard. She had three sisters and one brother. She received her degree in business teacher education from Illinois State Normal University in 1939, later receiving her master’s in education from Northern Illinois University in 1965. She taught high school in Byron, Illinois, for 18 years. She lived to be 94 years young, and passed away February 8, 2013. This gift has been made posthumously and will benefit all business students.

Blake Kuppersmith ’02 and Eric Pan ’04 both majored in insurance while attending Illinois State University. Eric completed a second major in marketing while Blake completed a second major in finance. Both were very involved with the insurance fraternity Gamma Iota Sigma and appreciate the development and career opportunities that were made available to them and other students through the Center of Insurance and Financial Services (AKA Katie School). Their goal is to engage other Illinois State University alumni and friends to help support this scholarship. Those who benefitted from the programs and support provided by the Katie School can continue the tradition of excellence by providing financial contributions to benefit current students.

GIVE ONLINE AT ADVANCEMENT.ILLINOISSTATE.EDU/KSAS

14 Illinois State University College of Business

DAVID LOCKTON—KATIE SCHOOL INSURANCE HALL OF FAME ENDOWED SCHOLARSHIP

PANTALEONE-HOFFMAN FAMILY EXCELLENCE SCHOLARSHIP

GIVE ONLINE AT ADVANCEMENT.ILLINOISSTATE.EDU/LOCKTON

The Pantaleone-Hoffman Family Excellence Scholarship in Business was created in 2013 by Andrew Hoffman ’05 accounting, Elizabeth Pantaleone-Hoffman ’04 business administration and Tim Pantaleone ’07 finance. Elizabeth and Andrew met at Illinois State and now have a daughter, Alison. Tim and Elizabeth are siblings who both chose to attend Illinois State. All three earned scholarships and worked substantial hours to fund their college expenses. Their passion for Illinois State continues and this scholarship is an effort to provide financial support for students who have similar backgrounds and experiences as those of Andrew, Elizabeth, and Tim.

WILLIAM A. FORTSCH ACCOUNTING SCHOLARSHIP

LEONA STANFORD VOLLINTINE SCHOLARSHIP

This scholarship is named after the father of Zack Fortsch, an outstanding accounting graduate of Illinois State University. Zack is a tax partner at McGladrey and continues to support the Department of Accounting through the recruiting and mentorship of students.

William Fortsch graduated from Ohio State University with his bachelor’s and master’s degrees in social work and worked over 20 years for the Illinois Department of Mental Health. He was very influential in Zack choosing accounting as a major. Zack would like to acknowledge his father and Illinois State University for his career success and pay it forward by funding this scholarship for incoming freshmen students who choose accounting as a major.

GIVE ONLINE AT ADVANCEMENT.ILLINOISSTATE.EDU/VOLLINTINE

The David Lockton Katie School Insurance Hall of Fame Endowed Scholarship Fund was established in 2014 to honor David Lockton’s legacy of providing leadership to the insurance industry. The fund will provide financial support to attract and develop the next generation of industry leaders through the insurance program at Illinois State University and the support of the Katie School of Insurance and Financial Services. David is chairman of the board of Lockton Companies, the world’s largest privately held independent insurance broker.

GIVE ONLINE AT ADVANCEMENT.ILLINOISSTATE.EDU/FORTSCH KELLEY AND JAMES SMITH ACCOUNTING SCHOLARSHIP

Kelley Smith ’81 earned her degree in accounting from Illinois State University and also received designation as a certified public accountant. Kelley is a principal and her husband, James, is managing principal of Kensington Realty Advisors, Inc. in Chicago.

Kensington is an SEC registered investment advisor investing solely in commercial real estate. Kelley is a member of the Illinois State University College of Business Advisory Council and is establishing this scholarship to help female accounting students achieve excellence. Scholarship candidates will be incoming freshmen majoring in accounting who demonstrate academic and personal achievement with consideration given for community service and financial need.

GIVE ONLINE AT ADVANCEMENT.ILLINOISSTATE.EDU/KJSA SEARS ACCOUNTING SCHOLARSHIP

Kevin Sears ’88 earned his accounting degree from Illinois State University, returning to school as a nontraditional student looking for a new career. He found that he enjoyed accounting and following graduation ,began as a staff accountant at Caterpillar, which has turned into a career spanning over 25 years. Kevin has served for many years on the Illinois State University Department of Accounting Advisory Council. He and his wife, Carol, would like to acknowledge Illinois State for his career success and pay it forward by funding this scholarship to support nontraditional students pursuing a degree in accounting.

GIVE ONLINE AT ADVANCEMENT.ILLINOISSTATE.EDU/SEARS

The Leona Stanford Vollintine Scholarship was established through the generosity of the Leona Stanford Charitable Trust as a restricted scholarship benefitting students in the College of Business. Half of the money each year will support accounting students and half will support students pursuing other majors within the college.

ISACA ALUMNI SCHOLARSHIP

The ISACA Illini Chapter established this restricted scholarship for the benefit of Illinois State University students studying IT-Audit and/or information security. ISACA is an independent, nonprofit, global association serving the information systems audit, security, and governance community. ISACA engages in the development, adoption, and use of globally accepted, industry-leading knowledge and practices for information systems. The funds each year will support sophomore, junior or senior accounting/BIS students interested in IT-audit and/or IS students studying information assurance and security.

GIVE ONLINE AT ADVANCEMENT.ILLINOISSTATE.EDU/ISACA ISU ACCOUNTING DEPARTMENT ADVISORY COUNCIL SCHOLARSHIP

This fund was created in 2014 by members of the Illinois State University Accounting Department Advisory Council. The goal is to offer incoming freshmen majoring in accounting a four- to fiveyear annual scholarship, along with mentorship opportunities.

RIGAS FAMILY SCHOLARSHIP

John ’81 and Therese ’81 Rigas established this restricted scholarship in 2014 to support two-year annual scholarships for students majoring in business. John and Therese have a passion for Illinois State University and education in general. They have a long history of community involvement and John has served for many years on the Illinois State University Foundation Board. He is also a member of the College of Business Hall of Fame.

LEWIS AND MILLS ENDOWED SCHOLARSHIP

The Lewis and Mills Endowed Scholarship was established in 2014

by Alfred Lewis ’90 and Stephen Mills ’90. This scholarship will support students pursuing a major within the College of Business or College of Arts and Sciences. Preference will be given to AfricanAmericans and to students diagnosed with cancer or those who have parents that succumbed to cancer or who are cancer survivors. The scholarship honors the memory of their wives, Airree Lewis ’91 and Tara Mills ’91, who died of cancer.

GIVE ONLINE AT ADVANCEMENT.ILLINOISSTATE.EDU/LM

News & Views

15

HARTUNG FAMILY SCHOLARSHIP

GARY GEMBERLING – ESTATE GIFT

Jack and Nancy Hartung of Naperville are funding a restricted scholarship to support accounting students. Four students will receive funding for 2015 – 2017 and two students will receive funding for 2016 – 2020. Nancy earned bachelor’s and master’s degrees in accounting from Illinois State in ’78 and ’79 while Jack earned a bachelor of science in accounting in ’79 and an MBA in ’80. Their son Christopher earned a bachelor of science in finance from Illinois State in ’06. Jack is the CFO for Chipotle Mexican Grill, is a member of the College of Business Hall of Fame, and was the featured speaker for Business Week in 2015.

Gary Gemberling ’63 is a successful entrepreneur, a certified public accountant, a personal financial specialist, and a certified financial planner. He is the founder of four CPA firms and sold three of them. In all, Gemberling held ownership interest in 25 diverse businesses. He is actively involved in the community and serves on the Illinois State University Foundation Board and is a member of the College of Business Hall of Fame. Through his estate, Gary will create the following funds supporting students and faculty: Gary R. Gemberling Endowed Professorship in Business; Dixie L. Mills Endowed Professorship in Finance; College of Business Dean’s Administration Fund; College of Business Dean’s Endowed Scholarship; and Entrepreneurship Start-up Fund.

DOUG HART ACCOUNTING SCHOLARSHIP

Doug Hart ’95 is an audit partner with Deloitte. He and his wife Jenifer are starting a restricted scholarship to support accounting students. Beginning in the fall 2015 semester, a new freshman majoring in accounting will receive financial support for up to five years as he/she completes the curriculum in preparation for the CPA exam and a career in accounting.

DOCUMENTED PLANNED GIFTS

The College of Business is proud to recognize the following new members to the Illinois State University Foundation’s Heritage Society for making a deferred gift provision in support of the College of Business: • Scott and Beth Carr

BEN AND KATIE HART BUSINESS SCHOLARSHIP

• Judith Dahlman

Ben Hart ’95 MBA and his wife Katie ’12 MBA created a restricted scholarship that will benefit an incoming freshman majoring in business. The student selected will receive funding for four years.

Ben is the president and CEO of Heritage Enterprises Inc. and Green Tree Pharmacy Inc. Katie is a marketing manager with State Farm Insurance.

• John Eymann

MIKE AND KAREN ESSINGTON BIS SCHOLARSHIP

• Gary Gemberling • Lois V. Hobart • James and Deborah Riggs • Jack Vincent • Kate King Wu and Horace Wu

Mike Essington ’81 and his wife Karen are funding a restricted scholarship to benefit students majoring in BIS. Money will be utilized annually to support students in the classroom as well as for their professional development through regional and national case competitions. Mike and Karen are recently retired from State Farm where they worked in IT and systems.

SIKICH IMPACT FUND

The relationship between Sikich and the Illinois State University Department of Accounting has continued to flourish, resulting in successful hiring and retention of Illinois State graduates. This new commitment of financial support will continue to provide visibility for Sikich among accounting students and faculty while helping the College of Business attract and retain accounting faculty and provide leadership development opportunities for students. Thanks goes to Tom Krehbiel ’86, Partner-In-Charge, CPA Services; and Chris Korsgard ’84, Partner, Technology for their advocacy and support.

16 Illinois State University College of Business

THANK YOU TO OUR DONORS

For the first time we are making our annual and lifetime donor rolls available online. We are including impact stories and short videos that we hope our donors find meaningful and compelling. Our goal is to continue adding stories throughout the year. We appreciate your feedback and welcome your story ideas. Visit our recognition and impact site at Business.IllinoisState.edu/impact.

News & Views 

17

COB NEWS | STAFF CHANGES Longfellow named associate dean for MBA, undergraduate programs Tim Longfellow began serving the College of Business (COB) as associate dean for the MBA and undergraduate programs July 1, 2014.

He is responsible for providing leadership while driving excellence and quality in the MBA programs (traditional, Corporate MBA, and Chicago MBA) and the college’s undergraduate curriculum. He has strategic responsibility for, and oversight of, the MBA programs, the COB core curriculum, and the COB interdisciplinary courses.

Longfellow also works with the dean, the associate dean for academic programs and maintenance of accreditation, and the COB department chairs to provide leadership and direction for the college.

As chair of the Department of Marketing since 1999, he brings extensive leadership experience, administrative experience, knowledge of the curriculum, and an understanding of University processes to his new role. Through collaboration with the faculty and staff in the Department of Marketing, he has been instrumental in raising the profile of the department regionally and nationally.

He is highly respected throughout the University and has developed strong ties with many of the college’s partners.

Chris Knuth, associate director Chris Knuth began serving as the associate director of the MBA Program April 1, 2015. She has a depth of experience and knowledge of Illinois State and the College of Business, as well as being an alumna of our MBA Program. She has served as an academic advisor and as assistant to the dean for Student Services. Knuth has been highly involved in the recruitment of UG students, interactions with our business partners, and communications to our alumni.

18 Illinois State University College of Business

Alex Barelka named chairperson for Department of Management and Quantitative Methods Alex Barelka has been named chairperson of the Department of Management and Quantitative Methods.

He began his assignment July 1, 2014.

He brings extensive leadership experience, outstanding collaboration and communication skills, and a very strong scholarly research record to the department, the College of Business, and to Illinois State University.

His strong background in strategic planning will be an asset to the department and the college. In addition, his successful history in securing major grants will benefit the department and the college in many ways.

Barelka has been a professor at Wright State University and the Air Force Institute of Technology in Dayton, Ohio. He is a retired Air Force lieutenant colonel and holds a Ph.D. in management with a minor in information systems from Michigan State University. Previously, he was a technical advisor and chief of behavioral studies in the Air Force Research Laboratory and deployed to Afghanistan, where he was awarded a Bronze Star and worked for the senior U.S. and NATO commander.

His research interests include trust/suspicion, leadership, team performance, social networking, influence tactics, and IT-based learning. He has been published in several top journals including the Journal of Applied Psychology, the Journal of Occupational and Organizational Psychology, and the Journal of Business Psychology. His research has been funded by several national agencies and the results presented at multiple national conferences.

Prior to pursuing his Ph.D., he worked for over 10 years as an IT and research-development program manager for space-related systems in the Air Force and several national agencies.

Judson named interim chairperson for Department of Marketing Kimberly Judson has been named interim chairperson for the Department of Marketing. She began her duties July 1, 2014 and will serve for two years. Judson is responsible for providing leadership to the Department of Marketing.

She is a highly respected professor with an outstanding record of balanced teaching, research, and service. She has served in mentoring, evaluation, and leadership positions in the Department of Marketing, the College of Business, and the University. She has demonstrated a collaborative and inclusive leadership style in her service activities.

Judson was the recipient of the 2012 Manahan Family College of Business Teaching Excellence in Business Award. She received her Ph.D. from University of Illinois at Urbana-Champaign in educational policy studies (marketing in higher education).

Stacey Meyer promotion Stacey Meyer has been named the COB Advisement Center Manager. In addition to responsibilities associated with Transfer Day programs, oversight of graduation requirements, and management of the college’s academic advisement staff, she now serves as the College’s primary contact person for the University community regarding advisement issues.

NEW COB PIN Brent Kane advising (accounting) Brent Kane joined the Academic Advisement Center as the new accounting advisor this summer. He completed his undergraduate degree at Illinois State University in the College of Business in 2007, majoring in marketing, human resource management, and organizational leadership. For the past four years he has worked on campus in University College, most recently advising pre-professional students pursuing medical and dental professions. He completed his master’s in college student personnel administration at Illinois State in the spring of 2015.

Outside of work, he enjoys renovating his 100-year-old house and spending time with his family and golden retriever puppy, Dexter.

Graduation marks a celebration of transitions and accomplishments. Each year, College of Business graduates receive a special pin to commemorate their days at Illinois State. Just prior to walking out on stage to receive their diploma, faculty hand the graduates their pin.

The pin also is given to alumni when they visit campus.

Daniel Goebel, COB’s associate dean for academic programs, launched the idea and design. His hope is that it helps foster a sense of community for graduates, giving them an affinity for their college and helping them network with other alums as they display it at professional events.

The pin serves as a symbol of pride for our graduates, as well as showing that COB faculty are proud of their achievements, Goebel said.

Ashley Hicks assistant to the dean for Student Services Ashley Hicks oversees undergraduate recruitment, orientation and special events in the College of Business (COB). She is also responsible for coordinating scholarships and advising the Business Themed Living Learning Community, Beta Gamma Sigma, and the College of Business Executive Council.

Prior to joining COB, Hicks coordinated and implemented diversity programming initiatives in the Dean of Students office at Illinois State for five years.

She holds a bachelor’s degree from Bowling Green State University and a master’s degree from Ball State University. She is pursuing her Ph.D. in higher education administration at Illinois State.

In her spare time, Hicks enjoys traveling, yoga, and spending time with her family.

Deborah Seifert interim department chair for Department of Accounting Deborah Seifert is an associate professor. She received her Ph.D. in accounting from Washington State University in 2006 and also holds a MACC from the University of Georgia, an MBA from Mississippi State University, and a bachelor’s in accountancy from the University of Illinois. Her teaching areas are cost and managerial accounting theory. Seifert’s research interests are accounting ethics and whistle-blowing.

She is a CPA and a CMA and has more than 10 years’ experience in public and private accounting. Seifert has worked for Clifton Gunderson LLP (now CLA), Outboard Marine Corporation and Weyerhaeuser. She has published articles in Accounting, Organizations and Society, Advances in Accounting Education, Behavioral Research in Accounting, Journal of Accounting Education, Journal of Forensic Accounting, The CPA Journal, The Journal of Accountancy, The Journal of Insurance and Regulation, and Research on Professional Responsibility and Ethics in Accounting. Seifert lives in Normal with her husband, Brice. She has two grown children, Spenser and Will.

This pin is for the students as a “symbol of accomplishment and a reminder of their time at ISU”.

News & Views

19

COB NEWS | NEW FACULTY/STAFF Bryan Graden Bryan Graden, CPA, is an assistant professor in the Department of Accounting. He pursued his doctoral studies at Washington University in St. Louis prior to joining the faculty at Illinois State University. Graden also worked as an audit associate for KPMG’s Salt Lake City office for two years after receiving his undergraduate and master’s degrees in accounting from Brigham Young University, and he maintains an active CPA license. He will be teaching intermediate accounting to junior-level students in the Department of Accounting and is excited to bring practical experience and research knowledge to the classroom.

He enjoys spending time with his wife and three young children, providing service in church assignments, and playing the piano.

Kristie Murphy Kristie Murphy is an assistant professor in the Department of Accounting and is teaching cost accounting. She earned her bachelor’s in accounting and MBA from Eastern Illinois University and her doctorate at Louisiana Tech University. Her research interests include mergers and acquisitions and measuring the impact on employee outcomes.

Eli Sherrill Eli Sherrill’s teaching interests include investments, insurance, and financial markets.

His research interests are primarily in investments.

His research focuses on exchange-traded funds, mutual funds, and municipal bonds. Sherrill joined the Department of Finance Insurance and Law faculty in 2014. He received his Ph.D. in finance from the University of Alabama, his M.S. in finance from the University of Alabama, and his B.S. in finance from Berry College in Rome, Georgia.

20 Illinois State University College of Business

Emily Goad Emily Goad joined the Department of Marketing faculty in 2014. Goad holds a Ph.D. in marketing with a minor in statistics from the University of Texas at Arlington.

Throughout her doctoral program, Goad was recognized by multiple marketing societies as a rising talent in marketing academia. She was a 2011 and 2013 doctoral fellow for the National Conference in Sales Management, winning best paper awards both years. She was a 2013 Society for Marketing Advances doctoral fellow. Goad has also been recognized by the University of Texas at Arlington for her research and teaching; she received the 2013-2014 best doctoral student research award for the Marketing Department and the 2013-2014 College of Business Outstanding Graduate Teaching Associate award.

Her research interests include customer orientation, salesperson listening, conflict management, and salesperson job performance.

Goad has been published in the Journal of Personal Selling & Sales Management and has had four papers accepted at national conferences.

Goad reviews for the Journal of Personal Selling & Sales Management, as well as many national conferences.

Prior to pursuing her Ph.D., she worked approximately eight years in sales and financial services, specifically investor relations, auto finance underwriting, and retail banking.

Heather Jia Heather Jia joined the Department of Management and Quantitative Methods as an assistant professor, teaching in the organizational behavior (OB) area. Prior to coming to Illinois State, she taught at Eastern Illinois University. While there, she developed and taught OB courses at the undergraduate and graduate level, as well as courses in human resources and international business. Her research centers on employees’ inappropriate technology usage and its impact on organizations.

Jia’s husband Ronnie is on the faculty at the School of Information Technology at Illinois State, and they have a daughter Liz.

Jacob Nussbaum Jacob Nussbaum joined the technology division of the Faculty Resource Center as an event monitoring system administrator.

He previously worked for Administrative Technologies at Illinois State University. Prior to 2010, he served in the United States Navy in Baghdad, Iraq, and in Norfolk, Virginia. At both locations, Nussbaum worked in jobs handling worldwide computer security, technical support, and helpdesk issues to limit system disruptions and incidents. He brings to the COB a long list of technology certifications and experience with systems, software, and servers, along with current security clearance with the U.S. government. Nussbaum earned his bachelor’s at ISU in 2012 and his master’s in 2014 in information systems: information assurance and security.

He and his wife, Katie, have two children, Molly, and Lexi. He finds time to relax with computer gaming, biking, and IT security research.

COLLEGE OF BUSINESS

HALL OF FAME 2013–2014 ALUMNI HALL OF FAME INDUCTEES Duane Bell ’74 Duane Bell is the former president and chief executive officer at Tectura Corporation.

As a certified public accountant, he began his career with Peat, Marwick, Mitchell & Co. (now KPMG) in 1974 after receiving his B.S. in accounting from Illinois State University.

He spent 20 years with KPMG during which he advised numerous clients on various strategy and business matters. He served as chief financial officer for KPMG Consulting for two years during which the consulting business was separated from the audit and tax business in preparation of an initial public offering of the consulting business.

Prior to joining Tectura, Bell served as chief operating officer and/or chief financial officer for several services organizations, two of which successfully completed initial public offerings of common stock during his tenure.

Tectura Corporation is a leading worldwide provider of business consulting and implementation and integration services relating to Microsoft Dynamics ERP and CRM products.

The company employs over 1,300 people in 65 offices in 30 countries around the world. Tectura is the largest and only global Dynamics partner focused solely on the Dynamics platform. The company provides services primarily to companies in the manufacturing, retail, and health care/life sciences industries.

Throughout his career Bell has served on the boards of various civic, social, and business organizations.

Mike DeWalt ’80 Mike DeWalt is a vice president of Caterpillar Inc. with responsibility for the Finance Services Division. He leads a team responsible for corporate accounting, corporate tax, corporate treasury, revenue management, economics, business risk management, competitive analysis, strategic planning, and the investor relations group.

Prior to this role, DeWalt served as the vice president in charge of the strategic services division.

DeWalt joined Caterpillar in 1981 as an accountant. Over the next 15 years, he held a series of positions with increasing responsibilities in the accounting and budgeting and forecasting functions.

In 1996, he was named a senior vice president of finance and planning for F.G. Wilson, based in Northern Ireland, and in 1998 became finance director for the Perkins Engine Company in Peterborough, U.K. In 2004, DeWalt was named director of strategic investments, leading Caterpillar’s corporate mergers and acquisitions group. In 2005, he was named director of investor relations for Caterpillar, and in 2012 was named corporate controller.

DeWalt has completed the Caterpillar Advanced Management Program and the Executive Program at the University of Michigan. He obtained his bachelor’s degree in accounting from Illinois State University in 1980. DeWalt has remained involved with the University, having served many years as a member of the College of Business Advisory Council.

Robert Lakin ’73, ’77 Bob Lakin retired as president of Commerce Bank in Bloomington in 2015. Commerce Bank is a $700 million bank offering a broad spectrum of banking services and specializing in commercial and institutional banking products. It is an industry leader in agri-business and food processing banking services throughout Illinois. Commerce Bank has grown considerably during the past eight years, nearly doubling its size. Lakin established his career working for Mercantile Bank in St. Louis and Rockford. He earned his MBA from Illinois State University and a distinguished recognition from the Graduate School of Banking in 1985.

As a community leader, he serves on the board of the Economic Development Council (past chairman), the Illinois State University Foundation, its investment committee, United Way of McLean County, 2011 United Way campaign chairman, McLean County Chamber board, and has participated in or chaired numerous not-for-profit fundraising campaigns.

He was raised in Glenview, Illinois, and has two sons, residing in Toledo and New York City.

Lakin remains a strong supporter of Redbird athletics and the College of Business, serving on the College of Business Advisory Council.

Sandra Reese ’80 Sandra Reese is a managing director at Accenture Strategy, CFO and Enterprise Value. She has more than 25 years advising global, middle market, and distressed companies on performance improvement, business growth and transformation, restructuring advisory, and crisis management. Her experience spans Europe, Asia, and the Middle East, in addition to North America.

Throughout her career she has developed a reputation for helping multinational corporations achieve ambitious growth objectives in an increasingly complex global and digital marketplace.

Reese has also served in leadership roles at McKinsey & Company and Grant Thornton LLP and co-founded a consulting firm with offices in Chicago and Shanghai, advising companies on turnaround and transformation strategies. She is also a certified turnaround professional and certified public accountant. She began her career at KPMG.

Stuart Schuette ’86 Schuette is the new CEO for American Tire Distributors. He previously served as chief operating officer of US Foods. He oversaw the operational and administrative functions of more than 65 divisions.

During his 20-year career at US Foods, Schuette held a variety of executive positions, including region president; zone president; division president; division vice president, finance; manager financial operations; and manager planning. Prior to joining US Foods, he was an executive at Martin Brower, a subsidiary of Reyes Holdings, LLC., and the world’s largest distributor of products to more than 8,400 McDonald’s restaurants.

Schuette was also senior financial analyst at Heller Financial and began his career in the Small Business Division of Arthur Andersen in Chicago. He holds a bachelor of science degree in accounting and business administration from Illinois State University.

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COLLEGE OF BUSINESS

HALL OF FAME 2014 - 2015 ALUMNI HALL OF FAME INDUCTEES Dave Currie ’69

Duane Debs ’78

Currie was in one of the first classes to earn a bachelor of science in accounting from Illinois State University. He then entered the master’s of accountancy program at the University of Illinois where he focused on federal income taxation and passed the CPA exam.

After graduation he returned to Illinois State and taught one semester before being drafted into the U.S. Army. After his discharge, he joined Arthur Young & Company in Chicago.

The long commute did not mesh well with his desire for a high-quality life, and he returned to Bloomington-Normal. Changing employers was part of his career as he constantly sought and obtained interesting and challenging work.

During the next 18 years, Currie taught tax and accounting courses at Illinois State and was promoted to associate professor. He also was a tax practitioner with Striegel, Bonham & Thoennes, and later, Guthoff & Company. In 1990 he joined Dunbar, Breitweiser & Company, from which he retired in 1993.

Currie excelled in writing and teaching various tax courses. For 22 years he was a professional speaker, traveling and teaching CPE courses for CPA firms, state CPA societies, and the American Institute of CPAs. His most celebrated client was the National Tax Institute. He traveled all over the U.S., Paris, and Canada. He specialized in estate planning and retirement-planning courses.

Currie semi-retired in 1993 and moved to Scottsdale, Arizona. Still seeking new and challenging work, he consulted for McGladrey and also started a private practice. His clients were far more than names on a tax form; he counted them among his friends. As the initial elder of Fellowship North Church, he played a leadership role in overseeing the work of the church. He also served on the board of the Pregnancy Resource Clinic.

After a long battle with cancer, Currie died in March 2014. As he lived his life, he was optimistic to the very end and believed his situation was just another challenge to overcome. He leaves his wife, Margaret; two adult sons, Doug and Tim; daughter-inlaw Lynn; and grandchildren, Benjamin and Kaylee.

Debs is president and chief financial officer of West Suburban Bancorp, a position he has held since 1996. West Suburban has been in business since 1962 and is a leading bank in the western suburbs of Chicago. West Suburban has 37 locations and over $2.1 billion in assets. Debs has been with the bank since 1987 and has never had a sick day.

He graduated from Illinois State in 1978 with a degree in accountancy. During his tenure at ISU he played soccer for the Redbirds and was the assistant captain of the team from 1975-1978. He was also a member of the Student Accounting Society.

Prior to joining West Suburban, he was a manager in the public accounting firm Bansley and Kiener.

Debs has been involved in many not-for-profits as he is a strong believer in giving back to the community.

He has served as a director and board treasurer of DuPage Pads, a local nonprofit that reaches out to the homeless in DuPage County. He is involved with the FBI Chicago Citizens Academy Alumni Association, an outreach organization that fosters a better understanding of the FBI’s law enforcement role and capabilities and seeks to create a supportive relationship between the FBI and local businesses, media, and governmental and ethnically diverse groups.

Debs also serves on the board of the Better Business Bureau where he is a member of the Ethics Committee, the Audit Committee and the Golf Committee. He led West Suburban’s efforts which resulted in the bank’s receipt of the BBB’s Torch Award for marketplace ethics in 2012 and 2015.

Recently, he has become an active participant in reviewing essays submitted for scholarships from the Chelsea’s Light Foundation. The foundation combats sexual violence against children.

The scholarships provide financial support for college and the Joie de Vivre or “joy of life” to enable recipients to experience the joy of extracurricular activities that they otherwise could not afford.

Debs has also been an active participant of the Honor Flight of Chicago. The Honor Flight provides veterans the opportunity to visit our nation’s capital at no cost and in an atmosphere that is intended to thank and honor the veterans for the sacrifices they made to allow Americans to enjoy their freedom,

22 Illinois State University College of Business

Debs is a member of the American Institute of Certified Public Accountants and the Illinois Certified Public Accountants along with having been on the Special Industry Group for financial institutions. He is also a member of The Bankers Club of Chicago and has been on the board of directors of the Financial Managers Society since 2014, currently serving as secretary.

Andrew Drendel ’72 Drendel is a senior vice president and the head of wealth management for First Bank & Trust, a Chicagoland communityowned and operated bank with assets in excess of $920 million. The bank’s Wealth Management Department, which serves individuals, businesses, and nonprofit organizations, has over $360 million in assets.

With over 40 years of wealth management experience, Drendel brings expertise in trust administration, estate planning, asset protection, and fiduciary practice management to First Bank & Trust. His team provides investment management, financial planning, administrative services, estate plan review, and trust services to their customers.

Drendel came to First Bank & Trust after 14 years managing a team of senior trust professionals for U.S.Trust/Bank of America N.A. Previously, he had been a vice president, manager, and senior administrator in the Milwaukee office of Marshall & Ilsley Trust Company. Prior to his five years in Milwaukee, he managed the business development and administration officers at the First National Bank & Trust Company of Rockford. Drendel started his career in Peoria at The First National Bank of Peoria, after receiving his bachelor’s in accounting from Illinois State University.

Drendel serves as chairman for the Advisory Council for Illinois State University’s College of Business. He was awarded his charted trust and financial advisor designation by the Institute of Certified Bankers and was twice elected president of the Corporate Fiduciaries Association of Illinois. He is a member of the Chicago Estate Planning Council, a life member of the American Business Club, and serves on various boards of civic and not-for-profit organizations.

SEE MORE HALL OF FAME INDUCTEES FROM PREVIOUS YEARS: BUSINESS.ILLINOISSTATE.EDU/ALUMNI/HALLOFFAME Tamara Lemke ’89 Lemke is the new CEO for B.R. Ryall YMCA of Northwestern DuPage County. She previously served as vice president of operations for the Advocate Charitable Foundation, the fundraising arm of Advocate Health Care, based in Downers Grove, Illinois She was responsible for developing and implementing strategic plans and initiatives to increase philanthropic support for Advocate Health Care, overseeing the annual fund initiatives, corporate philanthropy, and operational departments of the foundation.

Lemke has over 25 years experience serving, consulting, and advising clients and organizations in the nonprofit and health care industries. Her experiences include serving as president of Illinois Children’s Healthcare Foundation, national vice president and chief financial officer for Prevent Blindness America, Chicago, and president and chief executive officer of United Way of Champaign County, Champaign, Illinois. She spent the first 11 years of her career at the national accounting firm McGladrey, LLP, in Champaign.

Not only does Lemke work in the nonprofit

industry but has served on boards of various civic, social, and business organizations, including Champaign County Chamber of Commerce, Executive Club of Champaign, Crisis Nursery, and United Way of Dupage/West Cook County.

Lemke serves as the board treasurer for the Donors Forum in Chicago and is vice president for the Marajen Stevick Foundation in Champaign.

She earned her bachelor’s degree in accounting from Illinois State University and is a certified public accountant. She resides in Glen Ellyn with her husband and three children.

Charlie Norman ’88 Charlie Norman began his career with A.G. Edwards as an investment broker and certified financial planner in Rockford, Illinois, and several years later as the branch manager of the Bloomington office. In his 10-year tenure with A.G. Edwards, he was named vice president-investment officer.

He remained a Bloomington branch manager when A.G. Edwards was sold to Wachovia Securities and later to Wells Fargo Advisors.

For 25 years, Norman established himself as

a top-rate investment broker and manager through building relationships. He offered trusted financial advice to clients in Bloomington, Rockford, and across the country. Known for his unwavering dedication to client service, he held more appointments in clients’ homes than his own office. Clients invited him into their lives not just as their broker but also as an honorary member of their family. Norman always made time to attend weddings, birthdays, graduation and retirement celebrations, whether the gathering honored a member of his immediate or vast extended family. He loved serving others while keeping the spotlight off of himself, gaining enormous satisfaction helping clients chart their financial futures and reach their life goals.

A regular guest on radio station WJBC in Bloomington, he offered wise counsel as listeners called in to pose all types of financial questions.

Universally respected and admired by his brokers, he was known for his effective leadership and easygoing management style.

Norman earned a bachelor’s degree in finance from Illinois State University and served on the advisory councils for the College of Business and Department of Finance, Insurance and Law. He routinely made the time to mentor students and participate in campus events.

He died suddenly in 2014 at the age of 51. He loved helping others and was a role model for many.

2014–2015 SERVICE HALL OF FAME INDUCTEES Tom Connor ’80 Tom Connor began his career with Sentry Insurance Company in 1980 after receiving his B.S. in Occupational Safety and Health from Illinois State University. After five years in the safety field, he went into the insurance brokerage field with Frank B. Hall & Co. (now Aon Corp.). In 1987 he became part of the team that formed Consolidated Brokers, Inc. in Chicago, a division of the Alliance Insurance Group.

In 1997, after five years as the chief operating officer, Connor left and joined with Dan Gallagher as one of the founding partners of Connor & Gallagher Insurance Services, Inc. The firm has grown to three companies and is one of the premier commercial insurance agencies in the Midwest. Connor & Gallagher is a leading provider of property/casualty, employee benefits, and financial services with over 50 employees and $100 million in premium placements.

Connor has served on the boards of civic, not-for-profit, and insurance industry boards. He has also participated on the advisory council for The Katie School of Insurance.

Daniel Gallagher ’81 Daniel Gallagher is one of the owners and founding partners at Connor & Gallagher Insurance Services, Inc., based in Lisle, Illinois. The company was started in 1997 by Tom Connor and Dan Gallagher and has grown to a staff of over 50 insurance professionals who handle a book of business that exceeds $100 million in annual premiums.

Gallagher earned a bachelor’s degree in occupational safety and health from Illinois State University. He worked for Sentry Insurance in the safety field and met Tom Connor, another ISU alum, who became his business partner when they opened Connor & Gallagher Insurance Services, Inc. 16 years later. Gallagher worked in the safety field with Sentry for approximately three years before transitioning into insurance sales. He worked another 10 years in direct sales before taking a position with Arthur J. Gallagher working in commercial insurance brokerage. He spent three years at Arthur J. Gallagher before leaving to open Connor & Gallagher Insurance Services, Inc. in 1997.

Gallagher has always remembered his roots at Illinois State University. He has served as a board member for The Katie School of Insurance for many years and has helped many Katie School graduates find employment opportunities as well as helping them get started in the insurance profession.

News & Views

23

EARLY CAREER ACHIEVEMENT

AWARD WINNERS 2014–2015

Linda Che ’01, Marketing

Do what you love. Love what you do. That is Linda Che’s motto for life and for her team.

After graduation, she became a financial business analyst in the State Farm Systems family. She learned that she loved being the communication portal between various departments and was able to continue to enhance her communication skills through State Farm’s Toastmasters program. She soon received an opportunity to join Leo Burnett in its database department. Having graduated with both a marketing and a business information systems major, this opportunity seemed to be the perfect fit for her education and skill set.

In just eight years, she moved from associate analyst to vice president of marketing operations where she executes brand promotions. She has worked with clients that include Disney, McDonalds, United, Allstate, P&G and Kellogg’s.

She believes creativity can transform behavior and is proud to call Leo Burnett/Arc Worldwide her home.

Andy Finks ’04, Finance

Andy Finks graduated cum laude with a bachelor of science degree in finance. He worked as a financial analyst at Caterpillar Inc. for three years and in various wealth management roles at Northern Trust for six years, before joining COUNTRY Financial in 2013. He is an investment officer in the Wealth Management Department at COUNTRY Financial with responsibilities in both equity research and portfolio management.

He earned an MBA, with distinction, from the Kellstadt Graduate School of Business at DePaul University. He is a CFA charterholder and a member of the CFA Society of Chicago and the EIF Board at Illinois State.

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Sarah Fulk ’08, Business Administration

Sarah Fulk is regional property manager for Realty Consulting Services, a Chicagobased real estate investment interest with significant multi-family property holdings. She is responsible for the management of properties in Central Illinois generating more than $4 million annually in revenue.

Fulk oversees leasing and clerical staff, rent collections, vendor and contractor relationships, and maintenance operations, as well as prioritizing and arranging mid- and long-range capital improvements, working on transforming distressed multi-family investments. As a licensed real estate broker, she searches for and evaluates potential investments. She lives in Normal with her husband, Jake.

Gerald Gugerty ’01,

Financial Accounting/MPA Gerald Gugerty is a financial management officer in the Foreign Service of the U.S. Agency for International Development. After graduating with a master’s in professional accountancy, he worked for PricewaterhouseCoopers as an auditor in the financial services industry during the global financial crisis. Turning to an international focus, he pursued a second master’s degree in international relations at Central European University in Budapest, Hungary. Following that he did Fulbright research on microfinance institutions in Chisinau, Moldova, where he also taught accounting and public finance at the Free International University of Moldova.

As a financial management officer at USAID, he is based in Washington, D.C., with a wide range of responsibilities that have included addressing agency audit findings, assisting in developing and implementing agency operational reform initiatives, and participating in management assessment teams for several USAID Missions abroad.

His spouse resides in Zambia, also working in the field of international development as an evaluation specialist.

Stacey Hinterlong ’11, MBA, Finance and Insurance/MBA

Stacey Hinterlong earned a bachelor’s in finance/ insurance and an MBA. She started as an assistant broker at Benchmark Management Group in Naperville, Illinois In 2014, she began working as a senior account executive at Regional Excess Underwriters, Berkley’s wholesale broker, in downtown Chicago. Within four months she was promoted to associate broker and began writing her own book of business.

Her duties included working with independent insurance agents and helping them place their higher hazard risks. In 2015, she became a field sales specialist with CNA Insurance.

She completed her CIC and is working on her CPCU and getting certified to facilitate the CIC designation courses. She is also on a committee that works with InVest, an organization that works to promote insurance as a career to high school students.

Elliot Kammeyer, ’06, Financial Accounting/MPA

Elliot Kammeyer is a senior accounting supervisor for Caterpillar Inc., where he supports the R&D function and is involved in the company’s accounting talent-acquisition process. He started his career at Caterpillar in 2006 after successfully passing the CPA exam while using the Becker review course provided by Illinois State University faculty.

He has held various staff accounting positions at Caterpillar supporting budgeting, forecasting, planning and analysis, internal controls, and cost and decision support for Caterpillar’s Global Purchasing, Customer Services Support, and Product Development and Global Technology divisions.

Kammeyer is a recipient of the Institute of Management Accountants 2014 Young Professional of the Year award. He is a past president of the Central Illinois chapter of IMA and serves on the chapter’s board as vice president of communications.

He and his spouse, Ginger, are active members of The Vineyard Church in Peoria where they are part of the financial ministry team providing guidance and counseling to anyone in need of finance education.

Chris Reisinger ’11, MBA Chris Reisinger is a financial analyst for 1st Farm Credit Services, an agricultural lender headquarted in Normal.

He helps create the annual corporate budget for the yearly business plan and quarterly reforecasts.

He is a 2014 graduate of Leadership McLean County with the McLean County Chamber of Commerce and is an adjunct instructor at Lincoln College in Normal. He and his wife Karen have four children.

Anna (Reutter) Francisco ’07, Marketing

Anna Francisco started her career at Progressive Impressions International as a junior account executive in Bloomington.

She worked with marketing professionals from one of the top five insurance companies in the U.S. to centralize direct marketing efforts for their field reps. After three years, she was promoted to account executive, and then senior account executive, adding the responsibility for two other programs accounting for more than $10 million in revenue for the company.

Most recently, after working for Progressive Impressions for seven years, she was promoted to marketing manager, where she oversees multichannel marketing plans to support sales reps in growing business with existing clients and gaining new business. She still resides in Bloomington, Illinois, with her husband, Rob Francisco. They enjoy boating, camping, and traveling with their friends and family.

Kimberly Reynolds ’08, Business Teacher Education

Kimberly Reynolds teaches business and computer courses in the northwest suburbs of Chicago. She is also a high school Advancement via Individual

Determination (AVID) teacher. AVID is a nationally known program that helps prepare students for a rigorous class schedule along with providing them with the skills they need for college, including applying for scholarships.

While previously teaching at Elk Grove High School, she created a club called Girls Involved in Real-Life Situations (G.I.R.L.S.). This group targeted first-generation college-bound women, helping them achieve the goal of going to college.

She also helped prepare students from Streamwood High School attend the International Career Development Conference in Atlanta, competing with over 17,000 students from around the world.

She is an adjunct professor at the College of DuPage in the Office and Technology Department. She is working on her master’s in curriculum and instruction with an endorsement in ESL from Concordia University Chicago. She also earned a special education LBS1 endorsement from Roosevelt University. She is involved in numerous professional organizations.

Ryan Schaumburg ’11, Marketing Professional Sales

Ryan Schaumburg graduated summa cum laude with a major in marketing-professional sales and a minor in organizational leadership.

He began his career with News America Marketing in Minneapolis, starting as an account coordinator and promoted to account associate within 15 months. A short four months later, he was promoted to account director.

He recently relocated to the Chicago office where he is responsible for accounts such as Mondelez, Kmart, and Hillshire, while also managing account coordinators.

Emily Wehrmeyer ’03, International Business

Emily Wehrmeyer is a senior financial analyst at Energizer Holdings.

She is responsible for financial reporting and analysis for global IT operations. She has gained expertise in foreign currency exposure analysis and accounting treatment. She also worked in and traveled to Switzerland and Brazil.

Through these opportunities she has worked with colleagues from around the world. In her free time, she enjoys hiking, bicycling, and spending time with her niece and nephew.

Rachel Wilwerding ’03,

Finance and Business Information Systems Rachel Wilwerding (Romba) graduated with honors and a double major in finance and accounting. She is a digital and social media marketing manager with Elo Touch Solutions. Prior to this she served as a global talent strategist at LinkedIn. At Elo she leads the B2B digital marketing strategy.

Prior to LinkedIn, she worked in business consulting and third-party agency recruiting. She and her husband live in Barrington, Illinois, and have one child.

Awards

CAREER AC H IEV EMEN T E A R LY

News & Views

25

EARLY CAREER ACHIEVEMENT

AWARD WINNERS 2015–2016

Andrew Bordewick Andrew Bordewick is a product manager at COUNTRY Financial in Bloomington, Illinois. In this role, he is responsible for researching and developing new products from concept to market launch, and then managing product performance in the marketplace. In addition, Bordewick develops, negotiates, and maintains co-marketing partnerships to offer 3rd party products to COUNTRY Financial customers. Bordewick devotes volunteer time as a marketing consultant to St. Mary's Grade School and Central Catholic High School in Bloomington, helping both schools with enrollment objectives. At St. Mary's he has also served as coach of the cross country team, chairman of the Education Commission, and co-chairman of the strategic planning committee. At Central Catholic, Bordewick is a member of the Board of Trustees.

Dusty Burk Dusty Burk is the assistant principal at Pontiac Township High School. In addition to assisting the principal in curriculum and instruction, he works with students every day on attendance and discipline issues, runs the faculty/student mentoring program, and evaluates teachers. Prior to his current position, Burk spent eight years as the business teacher and department chair at University High School. While there he became a National Board Certified teacher and earned his master’s in Educational Administration from ISU. Burk was the head football coach from 2008-2013, during which his team won three conference championships and had two undefeated regular seasons. In 2013, they made a quarterfinal appearance in the 5A playoffs.

In addition to coaching at U-High, Burk also played for the Bloomington Edge/Extreme indoor football team for five seasons and coached for three seasons.

Burk family resides in Bloomington with his wife Julie, a Realtor/broker for Coldwell Banker

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and substitute teacher at U-High and their daughter and son. They attend Eastview Christian Church in Normal.

James Cronauer Jim Cronauer is a tax services partner in McGladrey's Great Lakes practice. Cronauer graduated from Illinois State University in May of 2001 and started his career with McGladrey in July of that same year.

He has since obtained an MST from DePaul University. He was hired as a tax associate and quickly progressed through the various levels and was ultimately promoted to partner in October of 2014.

At McGladrey, Cronauer specializes in proactive tax planning for closely held multinational companies and their shareholders. He has advised and guided clients from both the sell and buy side through complex transactions. He is a member of McGladrey's Research and Experimentation Credit national group and assists clients from all over the country with their R&D credit claims and documentation substantiation. Cronauer has significant experience with federal and state audit defense work related to high net worth individuals and large- and mid-sized business entities and includes exams which focus on the overall tax return as well as those focused specifically on the research credit. Additionally, Cronauer is actively involved in recruiting ISU graduates for the Great Lakes Region of McGladrey and has served on several not-for-profit boards.

He and his wife Alissa live in the far northwest suburbs of Chicago and have two daughters, Annie and Caitlynn.

Mari Ruscitti Docter Mari Ruscitti Docter is an old school market researcher and a client insights manager at comScore, one of the world's leading global media measurement and analytics companies. After graduating from Illinois State University, Docter worked as an analyst at the Nielsen Company, in the Global

Services organization, supporting over $3 million of business. She helped companies like Coca-Cola, Procter and Gamble and Energizer Holdings understand global market consumption trends.

After being on the supplier side, Docter decided to take her analytical skills to United Airlines.

She later moved on to the Customer Experience group, where she helped determine the long-term customer experience strategy. Docter decided to leave United Airlines for a career in digital marketing at comScore. She has been responsible for providing retail clients insights into improving their digital footprint and how to optimize their digital investments. Docter is also the Social Media Chair of the BuildOn Young Professional Board, Chicago chapter, where she helps execute events and fundraisers to help local at-risk Chicago Public School students gain access to community service opportunities in their local neighborhoods.

She resides in the River North neighborhood in Chicago, with her husband, Cameron Docter, a management consultant. You can find Docter outside of work at yoga, Soul Cycle, and in her kitchen, attempting to create her mom's Filipino dishes.

Steve Fiala Steve Fiala is the owner of D.P. Dough in Champaign, Illinois.

As a fixture on the University of Illinois campus since 2006, D.P. Dough has sold more than 1 million calzones and is regularly voted among the favorite restaurants on campus. Fiala enjoys giving back to the surrounding community through his business and regularly donates food to local nonprofits.

Currently, he and his brother, Ryan ’04 MBA ’06, are working together on a pizzeria and brewery concept that they hope to open soon.

In his free time, Fiala enjoys spending time with his wife Angie ’05, and their daughters Eden and Vivian. He also enjoys cooking and is fortunate to have a wife who allows him the time and garage space to brew beer.

Zach Frazier Zach Frazier works for the Bank Administration Institute (BAI) as senior account manager. After graduating with a double major in Marketing/Sales and Entrepreneurship, Frazier was tasked with building a client base of financial institutions in the Midwest for a young financial technology provider.

After five successful years of client acquisition and sales and being named a ‘Rising Star’ Frazier transitioned to BAI where he is tasked with selling research and data bench-marking to national banks. The mission of BAI and Frazier’s focus is to provide information that helps bankers make smarter decisions every day.

Frazier now resides in Geneva, Illinois, with his fellow Redbird wife Anna and their children Noah and Mae.

Jacob Golich Jake Golich is currently the administrator for Tempe St. Luke’s Hospital in Tempe, Arizona. He is responsible for all internal and external relations for the state-of-the-art hospital, including physician and staff engagement, strategic planning and partnerships, and community involvement. Golich previously served as chief operating officer for IASIS Healthcare’s Mountain Vista Medical Center in Mesa, Arizona. Following his time at Illinois State, Golich received a master’s degree in Healthcare Administration from the University of Illinois-Chicago. Golich recently became a Fellow of the American College of Healthcare Executives (FACHE), a professional healthcare certification and designation. He also was elected to and serves as a board member for Tempe Community Council.

Golich lives in Chandler, Arizona with his fiancée, Jamie. He is also part of a true ISU family, as his mother Nadine graduated in 1983 and his brother Justin is a current Redbird.

Zoe Grubbe Zoe Grubbe has worked in advertising for almost 20 years on brands such as Gatorade, S.C. Johnson, and Frito Lay. She currently works in the Business Affairs department of DDB Chicago as the production manager on McDonald’s TV and Digital projects.

Outside of the ad biz, she tutors grade school kids. She lives in Chicago with her husband Alan and their cat Hester who thinks she’s a dog.

Alec Lance After graduating from Illinois State University, Alec Lance began his career at Morgan Stanley in the Investment Management Analyst Training Program working within the Senior Secured Bank Loan group. In 2010, Morgan Stanley’s investment management business was acquired by Invesco creating one of the largest global bank loan asset managers.

During these early years of his career, Lance remained actively involved with Illinois State University. He had a direct hand in creating the Illinois State Alumni in Finance (ISAF) alumni network and served as the president of ISAF. In addition to remaining actively involved with ISU since graduation, he has also been committed to furthering his own education. Lance achieved the prestigious Chartered Financial Analyst designation in 2012 and entered the part-time MBA program at the University of Chicago Booth School of Business. After graduating from the Booth program, Lance was given the opportunity to move to London to help support the growth of Invesco’s European Senior Secured Bank loan platform.

Since relocating to London with his wife and dog, Lance has been working as a senior analyst in Invesco’s Senior Secured Bank Loan group. His primary responsibilities are underwriting various leveraged investment opportunities, including senior secured floating rate bank loans, high yield bonds, and mezzanine investments, and actively tracking the performance of a pool of investments

valued at over $700 million. As part of a fourperson team, Lance’s responsibilities also include helping support the launch, marketing, and management of various portfolios. Outside of work, Lance and his wife are active in their church and are thoroughly enjoying the opportunity to travel around Europe.

Lauren Melzer (Leggett) Lauren Melzer (Leggett) is the regional director of technology insurance at The Hanover Insurance Group. In her role as director, Melzer oversees six Midwest states and is responsible for the growth and profitability of the region’s Small Commercial and Middle Market Technology book of business. Melzer loves working with the unique and ever-changing exposures the technology industry presents.

Prior to joining Hanover’s Technology Insurance Practice, Melzer spent five years in commercial middle market underwriting at both Hanover and Travelers Insurance Companies.

In 2014 Melzer received Hanover’s Community Hero award for her volunteer work with the Junior League of Kane and DuPage counties.

Melzer is also actively involved Hanover’s professional woman’s networking group.

Melzer graduated from Illinois State in 2008 with a B.S. in Insurance. While attending Illinois State she was selected for an internship with Lloyd’s in London, sat on the Gamma Iota Sigma executive board, and was part of The Katie School Leadership program. She currently resides in Aurora, Illinois, with her husband, Brad (Political Science and History ’08).

News & Views

27

EARLY CAREER ACHIEVEMENT

AWARD WINNERS 2015–2016

Anna Moellering Anna (Hettinger) Moellering has been working for Caterpillar Inc. in Peoria since graduating magna cum laude from Illinois State in 2004. She began in the Remanufacturing Division where she held a variety of staff accounting positions of increasing responsibility, including assisting with the financial integration of four acquisitions. Moellering then moved to Corporate Accounting as a senior staff accountant where she was responsible for analyzing Caterpillar’s consolidated financial results and helping to prepare the quarterly earnings releases.

While in this position, she also helped implement two company-wide reorganizations, aligning business unit reporting and analysis with the updated enterprise strategy. In her next position as corporate offices supervisor, Moellering was responsible for the monthly closing and analysis of the largest legal entity ledger in the company.

Today, she is an accounting consultant working on special projects in the Energy and Transportation CFO group. She and her husband Mark reside in Washington, Illinois, with their two daughters.

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Kevin Orris After finishing his second season with the Chicago Blackhawks as the team’s media relations coordinator, Kevin Orris assumed the duties of his new position as content manager at the United States Soccer Federation on December 2, 2015.

Orris joined the Blackhawks from the St. Louis Rams, where he served as managing editor and oversaw the team's digital media efforts.

He previously held positions with the Tampa Bay Rays and Peoria Rivermen. The Grayslake, Illinois, native graduated from Illinois State University with a degree in Integrated Marketing Communications in spring 2012.

Lindsay Ruedig Upon graduation from Illinois State University, Lindsay Ruedig started law school at The John Marshall Law School in Chicago. She is now a practicing attorney in the field of criminal law as a prosecutor for the Cook County State’s Attorney’s Office in Chicago. She is currently assigned to the Narcotics Prosecutions Bureau. Throughout her time as a prosecutor, Ruedig has had the opportunity to litigate bench trials, jury trials, and motions. She has advocated on behalf of the victims of crime and the people of Cook County.

Ruedig is also a trial team coach and instructor at John Marshall Law School, where she teaches law students evidence and trial advocacy. In addition, she serves as the assistant district justice of the Phi Alpha Delta Law Fraternity (Chicago District). She also has the honor of serving as an advisor to the Zeta Tau Alpha Sorority at Illinois State University.

She is thankful for the support of her fiancé, Greg Kornesczuk, who is also an ISU College of Business graduate. Ruedig is humbled by the love she have received from her parents and siblings, who always encouraged her to follow her dreams.

Sarah Shay Sarah Shay, a 2010 Illinois State alumna, graduated cum laude with a bachelor's degree in Management and Quantitative Methods with an emphasis in Human Resource Management. Upon graduation, Shay began her human resources career in the hospitality industry as a human resource specialist. She quickly realized she had the personality and perseverance for this fastpaced industry. Over the next few years, Shay took increasingly progressive responsibilities until she achieved her first director role at 26.

Shay is the director of human resources for MileNorth Hotel located off Michigan Avenue. In her role she directly oversees all human resources functions for the hotel’s 120 team members. She plays a key role in the multi-million dollar assets Executive Committee, making decisions regarding all aspects of the hotel operation. She’s an active participant in The Hospitality Employer Labor Relations Association and the Hospitality Human Resources Association.

Shay also devotes her time to local charitable organizations including the Lincoln Park Community Shelter and Ann and Robert H. Lurie’s Children’s Hospital. Shay has received numerous accolades for her performance and for her commitment to associate engagement.

BW business

ILLINOIS STATE UNIVERSITY

week 2 0 1 5

News & Views

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B U S INESS W EEK For the past two years the Illinois State College of Business tradition known as Business Week has had some of its strongest years with speakers, topics, and student involvement. Each year more than 20 students, selected from an application process the previous spring, gather weekly to plan the event, which has grown from one week in the spring to additional fall semester events. In 2015, Business Week moved from March to February, where it will remain for 2016.

MENTOR PROGRAM

KEYNOTE SPEAKERS

Since its inception in 2011, the Mentor Program has grown to over 90 students and has increased in prestige and design. The program helps younger students learn the necessary professional skills to take full advantage of Business Week. More than 100 students will be mentored in 2016.

Patti Hart, ’78, was the keynote during the 2014 Business Week with her talk, “Moving to a New Neighborhood.” She began by pointing to an area in Braden where she remembered sitting as an incoming freshman during her orientation to Illinois State. Drawing on her experiences at ISU, her career as a leader and a woman in the professional world, Hart offered sage and no-nonsense advice to more than 600 students.

As CEO of International Game Technology (IGT), Hart led one of the most profitable gaming companies in the world. With nearly 5,000 employees and offices on six continents, IGT is a global leader in casino gaming entertainment and systems technology.

Prior to joining IGT, she served as chairman and CEO of Pinnacle Systems Inc., Excite@Home Inc. and Telocity, Inc. and held various executive positions at Sprint Corporation. She holds a bachelor’s degree in business administration with an emphasis on marketing and economics and is a member of the Illinois State University College of Business Hall of Fame.

Jack Hartung, ’79 and ’80 MBA, was the 2015 keynote, speaking about the success of the Chipotle restaurant chains as one of the top fast food chains in the United States. As its chief financial officer, he offered insights into Chipotle’s enormous popularity and the philosophy behind a successful business brand.

Hartung oversees all aspects of Chipotle’s finance department, including financial and strategic planning, financial reporting, investor relations, tax and business strategy. He also oversees IT and safety, security and risk. Prior to Chipotle, Hartung worked at McDonalds for 18 years in various capacities, including chief financial officer for The Partner Brands group. He also worked for Coopers and Lybrand for four years.

He holds a bachelor’s degree in accounting and economics and a master’s degree in business administration with a concentration in finance. He earned his CPA and CMA shortly after graduating from ISU. In 2007, he was inducted into the Illinois State University College of Business Hall of Fame.

Mentors serve as role models who: • Reinforce the importance of active participation in registered student organizations • Teach proper business professional attire, etiquette, interaction, and networking • Create dialogue about courses, internships, and career preparation essentials • Provide service and leadership opportunities

Mentors are selected based on academic success and extracurricular involvement, along with recommendations from faculty. These mentors are dedicated to providing their mentee with the best possible Business Week experience.

Mentor/mentee pairs attend a training session led by State Farm Insurance employees Eric Hoss ’87, M.B.A. ’90, and Tim Pantaleone ’07, followed by a formal induction ceremony. In addition, the pairs continue getting to know each other by attending a series of pre-Business Week events designed by the Mentor Program team.

The pairs attend Business Week together and make use of the skills developed during their mentorship.

30 Illinois State University College of Business

ETIQUETTE AND NETWORKING DINNER

TRANSITION SEMINARS

Transition from college to professional life can be daunting. To help ease that transition, distinguished College of Business alumni return to campus to share their experiences and insights at Business Week’s Transition Seminars. Alums come from a broad range of professions and career stages, providing unique and valuable perspectives.

Students can speak individually with these alumni at a networking reception. Topics from the 2014 and 2015 seminars included: Becoming Financially Independent, The Workplace Melting Pot, Leveraging Your Professional Network, Leadership in an Entry-Level Position, Small Team Leadership, and Don’t Fence Me In: Careers Outside Your Major.

While interviewing or conducting business over a meal, knowing proper etiquette is essential. This holds true for email communications, online interactions, and social outings. At the Professional Development Dinner, College of Business faculty with etiquette expertise have provided coaching for students. Tips presented by Debbie Lindbergh, an accounting professor, provided invaluable insights that could turn a potentially stressful encounter into an enjoyable and powerful professional opportunity.

In 2014, Michael Lee Stallard ’81, spoke on the relationship aspects of leadership and organizational culture. He is the president and co-founder of the leadership training, coaching, and consulting firm, E Pluribus Partners, and the primary author of Fired Up or Burned Out. The 2015 dinner brought Elisabeth Cardiello, who started her entrepreneurial journey at a young age and encouraged the 400-plus students in attendance to chase their passion. It was her constant pursuit of knowledge that led to her exit from corporate life, and she has been involved in myriad projects ever since, ranging from real estate to incubation to coffee, even dabbling in healthcare. She has been featured by AMEX OPEN Forum, AOL Ventures’ Panel of New Ideas, and the Coffee Crazy book tour to name a few. She is currently founder and CEO of Caffè Unimatic, Inc. and a TedX presenter.

AND THEN THERE WAS GOLF…

In the fall of 2014, an idea that was born from the previous year’s Transition Seminars, came to fruition. The 1st Annual Business Week Golf Outing took place on October 3.

Three students are paired with a business professional in each foursome. The outing is designed to expose students to the golf environment, including games, meals, prizes, and business discussions on the course. Many students expressed apprehension about the possibility of golfing with someone who might be their boss someday and didn’t want to embarrass themselves with improper course etiquette, etc. Working with Illinois State golf pros Laura Provost and Stacey Miller, the student team put together three hour-long training sessions/lessons for all participants.

The event filled within two hours of the application going online, and plans are underway for a bigger outing this fall.

News & Views

31

Business Week 2014 team members Executive Team Seth Stalter

Corporate Social Responsibility coordinators Alex Hausmann Ashley Torri

president

Ryan Ritchie vice president

Transition Seminar coordinators Jack Kurcab Mallory Remus

Lindsay Hirschauer logistics director

Mentor Program coordinators Frank Busch Alexis Huchthausen

Marketing coordinators Elise Cowan Nicole Poggensee

Professional Development coordinators Lauren Bohm Nick Laskey

Assistant Logistics coordinator Luke Sokolowski

Assistant Mentor Program coordinators Katie Grouzard Matt Obergfell Rea Ruplinger Nicole Simi Implementation Team Heather Blythe Ryan Fitzpatrick Paiton Florey Sarah Newton Alan Velasquez

Business Week 2015 team members Executive Team Frank Busch president

Lindsay Hirschauer vice president

Paiton Florey

logistics director

Mentor Program coordinators Ashley Torri Morgan Rabas Professional Development coordinators Heather Blythe Jack Redden

32 Illinois State University College of Business

Corporate Social Responsibility coordinators Brendan Chan Molly Tesdall

Golf Outing coordinators Nicole Simi Nick Laskey

Transition Seminar coordinators Rea Ruplinger Katrina Romanelli

Implementation Team Erin Myatt Dana Devlin Jessica Warchol

Marketing coordinators Jack Kurcab Alan Velasquez

Advisor Steve Vandiver

Assistant Mentor Program coordinators Brett Gilbert Marissa Williams Hannah Ritter Grant Rudin

Mentor Coaches Eric Hoss ’81, MBA ’90

Director of Enterprise Services, State Farm

Tim Pantaleone ’07

Financial Business Analyst, State Farm

BE A PART OF THE

MOST PROFESSIONAL WEEK OF THE YEAR. BUSINESS WEEK UPCOMING EVENTS MONDAY, FEBRUARY 22

Professional Development Dinner TUESDAY, FEBRUARY 23

Transition Seminars

WEDNESDAY, FEBRUARY 24

Corporate Social Responsibility Day THURSDAY, FEBRUARY 25

Business Week Keynote Address and Reception MICHAEL KEANE

Consultant and former EVP & CFO, Genomatica

“The Journey to a Sustainable Future”

FRIDAY, FEBRUARY 26

INSPIRE:

Women’s Exchange of Knowledge Speed Mentoring and Keynote Speaker ROBIN H. EVERHART

SVP & Chief Diversity Officer, CINTAS Corporation

6 If you are interested in being a part of Business Week as a sponsor or as a speaker, please contact Steve Vandiver, Director of Marketing at (309) 438-2646 or at shvandi@ilstu.edu News & Views

33

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COLLEGE OF BUSINESS Campus Box 5500 Normal, IL 61790-5500

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