The Shareholder Dean's Report 2016-2017

THE SHAREHOLDER D E A N ’ S R E P O R T 2 016 -2 017

OUR MISSION

We are dedicated to producing highly-desired graduates and generating knowledge that drives industry thought and practice.

OUR VISION

To be among the elite public business schools in the U.S.

FROM THE DESK OF

DEAN BILL HARDGRAVE

During the year, it is often difficult to see the progress being made. It is only when one stops and looks back that the progress made can be appreciated. As I look back on the previous year, I am once again amazed at the many great things accomplished by Harbert College faculty, staff and students in 2016. Of course, there are some things, like “the great fire of 2016,” we would all like to forget (although, in looking back, not even a fire could dampen the spirits or the momentum of the college).

Overall, 2016 proved to be a monumental year for the Harbert College of Business and demonstrated that we really are on our way towards bigger and better things. The year also provided ample opportunities to reinforce our firm commitment towards fulfilling our vision ‘to be among the elite public business schools in the U.S.’ Although there is a long list of accomplishments, achievements, announcements, awards and accolades to be celebrated from 2016, there are a few notable moments that come to the forefront of my mind. One of the most exciting occasions was the announcement of the $15 million gift pledged by Raymond and Kathryn Harbert to fund a second building for the college. This commitment (matched by $15 million from Auburn University) will allow for a new building to be built next door to Lowder Hall that will serve as a complement to our current home. The new building will provide exciting spaces such as student breakout rooms, an open atrium to serve as a common gathering area for students, expandable and convertible classrooms, meeting rooms, executive board room, additional office space and an open terrace. With the enrollment of the college up 42 percent over the past six years, it really is no surprise or question that this building is a necessity for continued growth.

Another celebratory occasion during the year was the meeting of the $100 million “Because This Is Auburn” campaign target goal in June. This goal was met 18 months ahead of schedule. Although the goal is one to be celebrated, we should also realize that there is still a lot of work to be done. We have reached our goal, but certainly not our potential. The meeting and exceeding of the campaign financial goal catapults us towards a brighter future that lies ahead for the Harbert College of Business. The hard work demonstrated by our faculty and staff, determination of our students and continued support from loyal alumni and friends proves that the sky really is the limit.

Let us not also forget that 2017 marks the 50th Anniversary of Auburn University’s establishment of a school of business. It is important that we take the time to stop and look back on all that has been accomplished, achieved, created and inspired over the years. It is also a time to celebrate as we honor the history of our college and those that have helped it to become the success that it is today.

I am excited about the direction of our college and the many possibilities that lie ahead. 2017 is shaping up to be yet another great year. I am also honored to be a part of such a forward thinking, cutting edge and innovative institution. We are so appreciative of your willingness to support our goals and travel on this journey with us. Thank you for all that you do!

War Eagle!

Bill C. Hardgrave. Ph.D. Dean and Wells Fargo Professor, Raymond J. Harbert College of Business 1

THANK YOU

In June 2016 the Harbert College of Business hit its $100 million campaign goal as part of the Because This Is Auburn campaign. This goal was met 18 months ahead of schedule with the help of a $1.7 million planned gift from 1983 alumna Cheryl Casey.

Auburn University reached its $1 billion Because This Is Auburn campaign goal in Fall 2016 and is the first university in the state to raise $1 billion in a comprehensive fundraising campaign.

CAMPAIGN GOAL FOR THE HARBERT COLLEGE OF BUSINESS: WE ARE

100

$

million

100% OF THE WAY THERE! 100M CREATED: 14

$

8

New Professorships

2

Endowed Chairs

125

New Endowed Funds for Excellence

FIRE AT LOWDER HALL On June 27, 2016 an early morning electrical fire started in a student common area on the first floor of Lowder Hall. The fire damaged furniture and left extensive smoke damage in the first floor hallways and some classroom areas.

Fortunately, the building was not occupied at the time of the fire and no faculty, staff or students were injured.

The fire and smoke damage resulted in the temporary closure of Lowder Hall and necessitated the relocation of summer classes scheduled to be held in the building. Faculty and staff set up temporary offices across campus, utilizing space in the Alumni Center, College of Engineering and Library.

Belfor, a disaster recovery and property restoration firm, arrived on the scene the morning of the fire and set up a mobile headquarters in the parking lot behind Lowder Hall. At any given moment, between 25 and 250 contractors and sub-contractors were working around the clock to restore Lowder Hall. The building was ready for use in time for the start of fall semester classes in August.

3

GIFTS & COMMITMENTS TO HARBERT COLLEGE IN 2016

ANNUAL ENDOWED STUDENT SUPPORT

$ 162,356

FACULTY SUPPORT

$

TOTAL

$ 2,164,299 $ 2,326,655

2,320 $

232,910 $ 235,230

PROGRAM SUPPORT $ 4,774,983

$

FACILITIES SUPPORT

$ 15,235,150

$

0

$ 15,235,150

TOTAL PHILANTHROPIC SUPPORT

$ 20,174,809

$

2,779,837

$ 22,954,646

382,628 $ 5,157,611

2

FACULTY SUPPORT

%

STUDENT SUPPORT

10

%

PROGRAM SUPPORT

22%

FACILITIES SUPPORT

66

%

GIFTS AND COMMITMENTS JANUARY 1, 2015 THROUGH DECEMBER 31, 2015

4

DONORS BY TYPE FOUNDATIONS

1% 1

OTHER

%

CORPORATIONS

4%

INDIVIDUALS

94%

INDIVIDUALS

$ 21,648,750

CORPORATIONS

$ 1,005,835

4%

FOUNDATIONS

$ 75,600

1%

OTHER

$ 224,461

1%

TOTAL

$ 22,954,646

94%

100%

OPERATING BUDGET $41.2 MILLION State and Tuition Appropriations Professional Fees, Executive Programs, Distance Education Philanthropic Giving, Endowment Distributions, Contracts/Grants

= $18.7 Million; 45% = $15 Million; 37% = $7.5 Million; 18% 5

HIGHLIGHTS & ACCOLADES No. No. No. No. No. No. No. No. No. No.

No. No. No.

2 2 5 4

5 7 6 8 10 10

mong The Best Schools’ top online a master’s in accounting programs among College Choice’s top online master’s in accounting programs mong online accounting master’s a programs, Accounting Degree Review

i n supply chain research productivity, Transportation Journal in Accounting.com’s ranking of online master’s in accountancy programs

i n Discover Business’ ranking of online accounting degrees mong online MBA programs for military a veterans, U.S. News & World Report ndergraduate supply chain u management program, Gartner

10 14 15

mong online MBA programs, a U.S. News & World Report mong online non-MBA programs a (accounting, finance, information systems), U.S. News & World Report upply chain program, s SCM World University 100 mong online MBA programs, a Entrepreneur Magazine and Princeton Review hysicians Executive MBA Program, P Modern Healthcare

Harbert College faculty, students and academic programs received more than 182 media mentions in 2016 that generated a potential online readership of 1.35 billion people. The Harbert College of Business also received nearly 30,000 social media shares and 7,500 YouTube views in 2016.

6

47,000 alumni worldwide

5,161

students enrolled Fall 2016

4,374

undergraduate students enrolled Fall 2016

DID YOU KNOW? Harbert College of Business alumni can be found in all 50 states and in more than 40 countries worldwide?

26.7

average ACT score in Fall 2016 freshman business students

DID YOU KNOW? The Harbert College of Business developed one of the first undergraduate programs in the nation for business analytics in a major public university. The program was built from the ground up with a strategic plan for developing students superbly prepared to identify, evaluate and communicate the important story that data contains. By 2018, there will be a demand for approximately 1.5 million professionals who can help address the challenge of “Big Data.�

787

graduate students enrolled Fall 2016

166

business students enrolled in Auburn’s Honors College

71

460

scholarships and fellowships awarded to students in 2016

The College of Business has seen a 42% growth in students since 2010.

tenure-track faculty members

32

non tenure-track faculty members

DID YOU KNOW? All Harbert College of Business students majoring in Accounting and Supply Chain are required to complete an internship prior to graduation. This requirement assists students in being placed and enables them to be better prepared for their initial job placement immediately after graduation.

7

ENROLLMENT MOST FREQUENT HOME STATES ALABAMA: 2,421

2012

574 graduate

2013

524 graduate

2014

57.5% 2015

2016

GEORGIA: 674

3,264 undergraduate 3,399 undergraduate

615 graduate

3,722 undergraduate

729 graduate

4,098 undergraduate

787 graduate

4,374 undergraduate

16.0%

FLORIDA: 238

BY GENDER

5.7

%

TENNESSEE: 136

3.2%

64%

TEXAS: 125

36%

3.0% AUBURN MAcc PROGRAM*

NATIONAL PERCENT PASSING AVERAGE**

FIRST-TIME CANDIDATES

REPEAT AND FIRSTTIME CANDIDATES

FAR

92%*

45%**

AUD

79%*

45%**

NEW JERSEY: 50

REG

83%*

50%**

SOUTH CAROLINA: 46

BEC

90%*

56%**

NORTH CAROLINA: 66

1.6%

CPA EXAM SECTION

VIRGINIA: 66

1.6%

CALIFORNIA: 60

1.4%

1.2% 1.1%

MARYLAND: 43

1.0%

ILLINOIS: 40

1.0%

PENNSYLVANIA: 25

0.6%

KENTUCKY: 22

0.5%

CONNECTICUT: 21

0.5%

8

FAR = Financial Accounting & Reporting AUD = Auditing & Attestation REG = Regulation BEC = Business Environment & Concepts * Source: Students’ Official CPA Exam Score Reports on first attempt. ** The National Percent Passing rates for the 1st and 2nd Quarters of 2016 were obtained from the National Association of State Boards of Accountancy (NASBA). The Auburn MAcc students sat for FAR and AUD during the 1st quarter of 2016, and they sat for REG and BEC during the 2nd quarter.

86%

average cpa exam pass rate in 2016

DID YOU KNOW? The Harbert College of Business now has six Program Champions to serve students as the bridge between the academic and business worlds. They are evangelists for their respective programs within the Harbert College of Business and help connect our programs and our students to industry.

BY MAJOR UNDERGRADUATE BUSINESS ADMINISTRATION

BUSINESS ANALYTICS

AVIATION MANAGEMENT

ACCOUNTING

53

112

ENTREPRENEURSHIP & FAMILY BUSINESS 44 65

FINANCE 388 44

463

FLIGHT EDUCATION INTERNATIONAL BUSINESS 50 MANAGEMENT INFORMATION SYSTEMS 93 MARKETING

319 74 286

MANAGEMENT SUPPLY CHAIN MANAGEMENT

2,324 PRE-BUSINESS

13

15

3

business minors

Ph.D. programs

undergraduate programs

8

graduate programs

GRADUATE MASTER OF ACCOUNTANCY

EXECUTIVE MBA

128 114 364

PHYSICIANS EXECUTIVE MBA

PH.D. IN BUSINESS

MASTER OF BUSINESS ADMINISTRATION

60

32

MASTER OF SCIENCE IN INFORMATION SYSTEMS

49 47

MASTER OF SCIENCE IN FINANCE

31 MASTER IN REAL ESTATE DEVELOPMENT

9

ENGAGED SCHOLARSHIP SCHOLARSHIP RECIPIENTS: 460 226 MALE

234 FEMALE

SCHOLARSHIP CELEBRATION SEPTEMBER 9, 2016 Students and donors enjoyed a meet and greet Q&A dinner at The Hotel at Auburn University.

Due to new privacy laws, we are no longer able to provide a printed listing of scholarship recipients and their hometowns. Scholarship donors will receive a report from the Auburn University Foundation with their recipient’s name and information.

10

460

scholarships awarded

More than $787K

in scholarships awarded Average award in 2016 was

$1,700

up from $1,500 in 2015.

11%

of undergraduate business students received scholarships

top 5%

The of Harbert College students have a GPA of

3.91 or greater

More than 25% of students have a GPA of 3.41 or higher 130 students have 4.0 GPAs

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FACULTY DEANS AND ADMINISTRATION Norman Godwin, Associate Dean for Academic Affairs Joe Hanna, Associate Dean Research & Outreach Regions Bank Professor Bill Hardgrave, Dean Wells Fargo Professor Stan Harris, Associate Dean for Graduate & International Programs Luck Professor

DEPARTMENT OF SYSTEMS AND TECHNOLOGY

R. Glenn Richey, Professor Harbert Eminent Scholar in Supply Chain Management Chetan Sankar, Professor Harbert College of Business Advisory Council Professor David Strickland, Lecturer Frances Svyantek, Lecturer Stephen Swartz, Assistant Professor Carl Thompson, Lecturer H. Earle Thompson, Lecturer Pei Xu, Assistant Professor

SCHOOL OF ACCOUNTANCY

Terry Byrd, Professor Bennie M. Bray Distinguished Professor

Duane Brandon, Professor Charles McKenzie Taylor Jr. Professor

James Birdsong, Lecturer

Robert Cochran, Lecturer

Casey Cegielski, Professor Woodruff Professor of Information Systems Management

Jennifer Cornett, Lecturer

Cliff Defee, Associate Professor EBSCO Industries, Inc. Professor Brian Gibson, Professor Wilson Family Professor Marcia Gibson, Coordinator, SCM Professional Experience Program Ashish Gupta, Associate Professor Dianne Hall, Professor Torchmark Professor of Information Systems and Analytics Rafay Ishfaq, Assistant Professor Kang Lee, Assistant Professor Amit Mitra, Professor Gary Page, Lecturer David Paradice, Professor & Department Chair Harbert Eminent Scholar in Business Analytics Kelly Rainer, Professor George Phillips Privett Professor Shashank Rao, Assistant Professor Jim W. Thompson Professor

12

Travis Holt, Assistant Professor Kerry Inger, Assistant Professor Jefferson Jones, Associate Professor Kimberly Key, Professor PricewaterhouseCoopers, LLP Associate Professor Colby Lakas, Assistant Director of Graduate Programs, Internship/Recruiting Coordinator James H. Long, Associate Professor Atlanta Alumni Fellow Tina Loraas, Associate Professor Charles McKenzie Taylor Jr. Associate Professor Andrew McLelland, Associate Professor Lisa Miller, Lecturer Jennifer Mueller-Phillips, Professor & Director KPMG Professor Amy Murphy, Director of Graduate & Online Programs Larry Quimby, Instructor Talitha Smith, Instructor Jonathan Stanley, Associate Professor Charles McKenzie Taylor Jr. Associate Professor

Sarah Dunn Stanwick, Associate Professor

Lei Huang, Assistant Professor

Brian Vansant, Assistant Professor

Dave Ketchen, Professor Edward L. and Catherine K. Lowder Eminent Scholar Chair in Management

Therese Viscellli, Visiting Assistant Professor

DEPARTMENT OF FINANCE James Barth, Professor Edward L. and Catherine K. Lowder Eminent Scholar Chair in Finance

Jaclyn Koopmann, Assistant Professor Jeremy Mackey, Assistant Professor Kevin Mossholder, Professor & Department Chair C.G. Mills Professor Terry Self, Instructor

Justin Benefield, Associate Professor Walker Reynolds Bickerstaff Professor

Peter Stanwick, Associate Professor

David Cicero, Associate Professor

Charlotte Sutton, Associate Professor

Lee Colquitt, Professor & Department Chair

Alan Walker, Associate Professor

Darrell Crutchley, Instructor

Jack Walker, Associate Professor C & E Smith Professorship

Mandy Harrelson, Program Champion Jimmy Hilliard, Professor Raymond J. Harbert Eminent Scholar Jitka Hilliard, Associate Professor

Michelle L. Zorn, Assistant Professor

DEPARTMENT OF MARKETING

John S. Jahera, Jr., Professor Bobby Lowder Professor

Avery Abernethy, Professor Torchmark Professor

Marlin Jensen, Associate Professor

Dora Bock, Assistant Professor

Beverly Marshall, Professor SunTrust Bank Professor

Brian Bourdeau, Associate Professor

Adair Martin, Instructor

Daniel Butler, Associate Professor Thomas Walter Center Associate Professor

Tracy Richard, Lecturer

James Carver, Assistant Professor

Steve Swidler, Professor J. Stanley Mackin Distinguished Professor

Kristin Forthofer, Instructor

Sven Thommesen, Instructor Albert Wang, Associate Professor Gary Waters, Instructor Keven Yost, Associate Professor Synovus Fellow

DEPARTMENT OF MANAGEMENT

David Hanning, Instructor Michael Kincaid, Senior Lecturer Samir Moussali, Visiting Assistant Professor Daniel Padgett, Associate Professor Herbert Jack Rotfeld, Alumni Professor Emory Serviss, Program Champion Jeremy Wolter, Assistant Professor

Garry Adams, Associate Professor Lakami Baker, Associate Professor Lucian Bifano, Instructor Cecilia Champion, Lecturer Brian Connelly, Full Professor Luck Eminent Scholar Professor James Corman, Instructor

In 2016, the Department of Aviation and Supply Chain Management became the

Department of Systems and Technology

13

TIGER CAGE

The second annual Tiger Cage competition allowed over 30 student teams to develop business ideas and plans for implementation and awarded more than $22,000 in prizes. Finalists were given the opportunity to push their products via “Shark Tank” style, with “Shark Tank” original panelist Kevin Harrington serving as judge.

one team has secured over $85,000 in outside Since the competition,

investment for their company.

14

AUBURN UNIVERSITY

TOP TIGERS LUNCHEON

“Shark Tank� original panelist, Kevin Harrington, served as keynote speaker for the Top Tigers luncheon, which recognized the fastest-growing companies founded, owned or led by Auburn University alumni. Young Entrepreneur of the Year, Cameron Doody, and Entrepreneur of the Year, Stacy Brown were both honored at the event.

15

In 2016,

almost 1,700 students participated in one or more sessions of Legends & Leaders.

LEGENDS & LEADERS The Legends & Leaders Speaker Series is an opportunity for training and discussion benefitting students who want to learn more about the world beyond the classroom.

The event, held both in the spring and fall semester, included dynamic speakers and engaging alumni who were willing to share their own personal career development story and any lessons learned along the way. The student body was invited to hear speakers, listen to panels, and ask questions in an effort to prepare for careers and the professional world. Students appreciated the chance to hear from real people in real jobs with real stories of success.’

The Legends & Leaders Speaker Series brought in

over 30 guest speakers

who were eager to speak with students and share their career knowledge and lessons learned!

16

CAMPAIGN LEADERSHIP COMMITTEE Christopher Baker ‘87 Retired, Accenture Jim Benoski ‘60 Retired President & Vice Chair, Cincinnati Financial Corporation Frederick R. Blatchford ‘85 Director of Sales, Johnson & Johnson Kerry Bradley ‘79 Campaign Chair, Retired President, Luxottica Retail North America

The Harbert College of Business formed a committee in 2013 to lead Auburn’s upcoming comprehensive campaign through philanthropic giving and sharing about the value and satisfaction of investing in the Harbert College. The Campaign Leadership Committee provides counsel and strategic direction while working closely with Dean Hardgrave and the Office of Advancement.

Raymond J. Harbert ‘82 Honorary Member & University Campaign Co-Chair, Chairman & Chief Executive Officer, Harbert Management Corporation Bertha T. Hoskins ‘80 Retired, Hughes Aircraft Company Benny M. LaRussa Jr. ‘82 Founder & Chief Executive Officer, Sterling Capital Management, Inc. David Alan Luck ‘71 Board Member, ABC Supply Co., Inc.

Robert M. Broadway Jr. ‘91 Chief Executive Officer, The Broadway Group, LLC

John Patrick Mengelt ‘72 Managing Director, Breckenridge Partners

Sharon Jackson Byers ‘86 Chief Development Officer, American Cancer Society

Stephanie Rector ‘10 Business Intelligence Research Analyst, Alabama Power Company

Walton T. Conn Jr. ‘85 Partner, KPMG LLP L. Nick Davis ‘84 President, Momma G’s & The Davis Companies Jackson Harris ‘11 New Venture Development Manager, Georgia-Pacific, LLC

Ronald James Sanders ‘82 President, Warner Home Video Milton (Biff) Woodruff Jr. ‘82 Managing Director, SunTrust Robinson Humphrey

17

ADVISORY COUNCIL The Harbert College of Business benefits from thoughtful guidance and direction provided by the Dean’s Advisory Council. The council comprises four subcommittees whose focuses include strategy and resources, students, research, and engagement. Members support the Harbert College’s efforts in engagement and are selected based on geographic area and industry representation needs.

MR. BILL ALLEN ‘80 Former Chief HR Officer Macy’s, Inc.

MR. JACKSON HARRIS ‘11 Business Manager Georgia-Pacific, LLC

MR. STEVE ROBINSON ‘72 EVP/Chief Marketing Officer (retired) Chick-fil-A Inc.

MR. CHRISTOPHER (CHRIS) BAKER ‘87 Accenture (retired)

MR. BRANDON HOLCOMB ‘98 Vice President – Technology Equifax, Inc.

MR. FREDERICK (FRED) R. BLATCHFORD ‘85 Vice President of Sales Ethicon, Inc.

MR. PAUL JACOBSON ‘94 Executive Vice President & CFO Delta Air Lines

MR. BRADON ROGERS ‘96 Senior VP, Product Sales Engineering & Product Mktg.

Symantec

MR. KERRY MARTIN BRADLEY ‘79 President (retired) Luxottica Retail North America

MR. J. MICHAEL KILGORE ‘91 President and CEO Chainalytics LLC

MS. CINDY ROGERS ‘78 Senior Executive VP (retired) Regions Financial Corporation MR. JOHN ROTH ‘98 Nassau Reinsurance Group

MR. PATRICK KLESIUS ‘98 Senior Director, Global Analytics Michael Kors

MR. RICK SALANITRI ‘85 Managing Director Delta

MS. LACEY LEWIS ‘81 Senior Vice President, Finance Cox Enterprises, Inc.

DR. BILL SCHANINGER ‘00 Senior Partner McKinsey & Company

MS. CHERYL CASEY ‘83 Senior Vice President (retired) Dreyfus Investments

MS. MELISSA LOVEGREENFIELD ‘88 National Bank Examiner Office of the Comptroller of the Currency

MR. GLENN SCOTT ‘02 Consulting Mgr, Global Performance Improvement Ernst & Young

MR. MARK CHAPMAN ‘87 CEO VoApps

MS. JULIE MARTZ ‘84 CEO 4M Research, Inc.

MR. WILL STEGALL ‘99 Partner Route One Investment Company

MR. BEN COOK ‘01 Sr. Vice President-Global Logistics Target

MR. BEN MAY Senior Director – Sports Management ESPN – SEC Network

MS. CINDY TAYLOR ‘81 Partner CyberRisk Solutions

MR. PATRICK COX ‘95 Owner b2 Partners, Inc.

MS. BRANNON MCDANIEL ‘94 Sr. VP, Global Information Technology General Cable Technologies Corp.

MR. KYLE TOTHILL ‘97 Managing Director and Partner eHire

MR. JOSH BRANT ‘01 President & CEO Allegiance Merchant Systems MR. BOB BROADWAY ‘91 Chief Executive Officer The Broadway Group, LLC

MS. LAURIE DASHER ‘89 President & CEO Dasher Technologies, Inc. MR. DAN DAVIDSON ‘87 Senior VP & Director of Fixed Income BBVA Compass Global Wealth MR. DEE DUNCAN ‘81 President & CEO Keyston Bros.

MR. MARK JOSEPH FORCHETTE ‘81 President and CEO Delphinus MR. GREG GAGLIANO ‘93 EVP & CIO - Corporate Computing Regions Bank MS. KELLY GILLILAND GUNTER ‘96 Director, Analyst & Associate Programs SunTrust Robinson Humphrey

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MR. MICHAEL A. MCLAIN ‘72 CEO & Managing Partner ICON Investment Partner MR. MURRAY MITCHELL ‘80 Partner and Global Leader IBM MR. PATRICK MURPHY ‘91 VP, Economic & Community Development Alabama Power MS. KIM READ ‘93 Chief Accounting Officer Blue Cross Blue Shield of Florida MS. STEPHANIE RECTOR ‘10 Business Intelligence Research Analyst Alabama Power Company MR. GRAHAM ROBERTS ‘84 Executive Director, Family Wealth Director, Sports & Entertainment Director Morgan Stanley

MR. DAVID VERINDER ‘91 President and CEO Sarasota Memorial Health Care System MR. DAVID WALKER ‘92 COO & CFO EBSCO Industries, Inc. MR. DENNIS WEESE ‘06 President LINE-X Protective Coatings MR. JUDD WILLIAMS ‘00 Chief Information Officer NCAA MS. DEEDEE WILSON ‘85 EVP, Finance and Administration/CFO InterVarsity Christian Fellowship/USA MR. MILTON MARVIN (BIFF) WOODRUFF, JR. ‘82 Managing Director SunTrust Robinson-Humphrey

EMERITUS BOARD Emeritus board status is granted to members upon their completion of a term of service on the Advisory Council in appreciation of their leadership and support.

Mr. Johnny R. Adcock ‘67 Mr. Michael Adcock ‘70 Mr. William P. Ainsworth ‘78 Mr. Russell E. Allman ‘69 Mr. William Whitfield Athey ‘00 Mr. Kenneth E. Baggett ‘77 Mr. Carl F. Bailey ‘52 Mr. Christopher M. Baker ‘87 Dr. Mary Dunn Baker ‘74 Mr. Steven Michael Barranco ‘89 Mr. David Carlton Battles ‘81 Mr. Walker Reynolds Bickerstaff ‘70 Mr. Frederick R. Blatchford ‘85 Mr. Lindsey Boney III ‘73 Mr. Glenn D. Bonner ‘73 Mr. Robert Earl Bowers ‘78 Mr. Kerry Bradley ‘79 Mr. Frederick O. Braswell III ‘77 Mr. Bennie Michael Bray ‘72 Mr. Tony G. Brill ‘69 Mr. John Gurney Brock ‘67 Mr. Anthony Charles Brown ‘90 Mr. Willis Johnston Brown Jr. ‘74 Mrs. Carole Watkins Bruce ‘67 Mr. Robert F. Burgin III ‘81 Mr. R. Jackson Burkhalter Sr. ‘69 Mr. Robert Gaddy Butler ‘78 Mrs. Sharon Jackson Byers ‘86 Mr. Dennis W. Calhoun ‘53 Ms. Emily Ann Cangie ‘04 Dr. Dwight Lester Carlisle Jr. ‘58 Ms. Cheryl Lynn Casey ‘83 Mr. Roger C. Champion ‘66 Mr. Mark Richard Chapman ‘87 Mr. Harlan Hugh Chappelle ‘81 Mr. Boyd E. Christenberry ‘50 Mr. H. Arnold Cleghorn Jr. ‘61 Mr. Phillip W. Clowdus ‘72 Mr. Robert C. Cofield Jr. ‘72 Mr. Walton T. Conn, Jr. ‘85 Mr. Bruce B. Cox ‘85 Mr. Thomas Clint Crews ‘04 Mrs. Laurie M. Dasher ‘89 Mr. Lanier M. Davenport Sr. ‘76 Mr. L. Nick Davis ‘84 Mrs. Phyllis Day Davis ‘72 Mr. Robert L. Davis ‘77 Mr. Richard Whaley Dean ‘66 Mr. Reid Bentley Dove ‘94 Mr. Robert Waren Dumas ‘76 Mr. Dan Moore Duncan, Jr. ‘81 Ms. Rebecca M. Dunn ‘70 Mr. Timothy Cadwell Eggena ‘90 Mr. Scott Emory Etheridge ‘93 Mr. Marion Brad Everett ‘81 Mrs. Kella Ruth Farris ‘01 Mr. William A. Fickling Jr. ‘54 Mr. Benjamin Finley ‘88 Mrs. Susan Holley Fitzgibbon ‘86 Mr. Jimmy Don Flowers ‘73 Mr. Mark Joseph Forchette ‘81 Mr. Richard Davison Gooley ‘71 Mr. Richard D. Gore ‘74 Mr. David Martin Gray ‘93 Mr. Wyche Thomas Green III ‘94 Mr. Orville Gordon Greene ‘64 Mrs. Susan Owens Hamilton ‘73 Hon. Seth Merrill Hammett ‘68 Mr. David C. Hannan ‘68 Mr. Raymond Jones Harbert ‘82 Mr. Richard B. Hare ‘89 Mr. L. Bryant Harvard Jr. ‘61 Mr. Jason Kyle Harpe ‘93 Mr. James R. Harris ‘68

Mr. Volney Earl Hayes Jr. ‘69 Mr. William Tillman Heard Jr. ‘56 Mr. Nathan S. Heisler ‘72 Mrs. Sally Jones Hill ‘63 Mrs. Frances Holk-Jones ‘78 Mr. Elbert W. Hopkins Jr. ‘51 Mr. Richard Horn, Jr. ‘67 Mr. William Michael House ‘68 Mr. D. Dwayne Hoven ‘64 Mr. Donald Allan Howell ‘90 Mr. Randal J. Hudon ‘79 Mr. Scott Amos Huguley ‘71 Mr. L. Phillip Humann Jr. ‘67 Mr. Thomas L. Hunt Jr. ‘81 Mr. Milton Henry Isay ‘98 Hon. Kay E. Ivey ‘67 Mr. Paul Andrew Jacobson ‘94 Mr. James Cooper Jager ‘86 Col Emmett F. Johnson Sr. ‘61 Mr. Ernest Johnson ‘80 Mrs. Helen Harris Johnson ‘71 Mr. John Charles Johnson ‘72 Mr. William Burns Johnson ‘70 Mr. Donald G. Johnston Jr. ‘59 Mr. James Agee Kelly Jr. ‘84 Mr. Peter Michael Kenyon ‘60 Mr. Geoffrey C. Ketcham ‘72 Mr. James Michael Kilgore ‘91 Mr. Michael A. Kirkpatrick ‘81 Mr. John Michael Kolen ‘70 Dr. James D. Lawrence ‘83 Mr. William Franklin Land ‘49 Mr. D. Gaines Lanier ‘74 Mr. Robert E. Latham ‘69 Mr. Thomas Leavell ‘66 Mr. Bureon Ledbetter Jr. ‘75 Mr. B. Lee, Jr. ‘61 Mr. James Lee III ‘70 Mr. Joe Bernard Leonard Jr. ‘67 Mrs. Helen Krauss Leslie ‘43 Mr. Daniel L. Lindsey ‘58 Mr. James N. Long ‘62 Ms. Lauren Ladel Lovett ‘07 Mr. Robert E. Lowder ‘64 Mr. Thomas H. Lowder ‘72 Mr. David Alan Luck ‘71 Mr. James Stanley Mackin Sr. ‘54 Mr. Gary Clements Martin ‘57 Mr. James Wilshire Martin ‘70 Mr. Charlton Bryan McArthur ‘59 Mr. Thomas T. McCoy ‘52 Mr. R. L. McGhee III ‘74 Mr. George H. McKean ‘59 Mr. James Marcus McKee ‘73 Mr. Stewart D. McKnight Jr. ‘59 Mr. Michael A. McLain ‘72 Mr. Charles Phillip McWane ‘80 Mr. John Patrick Mengelt ‘72 Mrs. Kelly Hall Meyer ‘02 Mr. Thomas Joseph Minor ‘89 Mr. Everette Len Mitchell ‘73 Mr. John David Mitchell ‘84 Mr. Richard F. Mitchell ‘55 Mr. Carter L. Mize ‘85 Mrs. Sarah Henderson Moore ‘87 Mr. Sheldon L. Morgan ‘55 Mr. Albert S. Naughton ‘56 Mr. Howard B. Nelson Jr. ‘69 Ms. Anita Gentle Newcomb ‘76 Mr. Fred G. Nunnelley III ‘77 Mr. David Oberman ‘80 Mrs. Susan C. O’Farrell ‘84 Mr. Abiola O. Oladapo ‘04 Mr. Timothy O’Neill Jr. ‘86

Mr. Robert J. Osborn Jr. ‘78 Mrs. Allison G. O’Sullivan ‘85 Dr. Sharon Lynn Oswald ‘76 Mr. Jerry L. Parker ‘73 Mr. Earl B. Parsons III ‘85 Mr. John William Penick, Jr. ‘64 Mr. Ned Lamberth Pierce ‘64 Mr. Logan Pierson ‘77 Mr. William Randall Pittman ‘76 Mr. Albert Mitchell Poole Jr. ‘69 Mr. Walter S. Poole Jr. ‘40 Mr. Charles Wayne Porter Jr. ‘86 Mr. Douglas Edward Pritchett ‘77 Mr. James Taylor Pursell Sr. ‘52 Mr. James Walton Rainer III ‘65 Mr. James William Rane Sr. ‘68 Mr. Michael Gregory Rane ‘74 Mr. Todd Dewey Reaves ‘93 Mrs. Linda E. Rebrovick ‘77 Mr. Gary Bernard Redding ‘76 Mr. William Burch Reed ‘50 Mr. Carl A. Register ‘63 Mr. Frederick W. Renneker III ‘61 Mr. C. Alvin Roberds Jr. ‘65 Mr. David D. Roberts Jr. ‘69 Ms. Dawn D. Robertson ‘77 Mr. Richard Jerome Robertson ‘64 Mr. Steven Ames Robinson ‘72 Mr. Ricky Carlis Rodgers ‘80 Mr. James Franklin Roe Jr. ‘69 Mrs. Cynthia McHugh Rogers ‘78 Mr. Joseph G. Rogers ‘96 Ms. Patti Guthrie Rogers ‘80 Mr. Richard Frank Salanitri ‘85 Mr. John S. Samford ‘72 Mr. Ron Sanders ‘82 Ms. Lorraine Tynan Sawls ‘77 Mr. K. Glenn Scott ‘02 Mr. William Gerald Sewell Sr. ‘62 Mr. Kay W. Slayden ‘57 Mr. Norvelle Leigh Smith ‘59 Mr. Wayne Thomas Smith ‘68 Mr. Edward Lee Spencer Jr. ‘52 Mr. Ronald T. Stallworth ‘89 Mr. Wendell Moore Starke ‘63 Mr. John S. Stein ‘59 Mr. Kenneth R. Stephens, Jr. ‘78 Mr. William John Stewart ‘83 Mr. Charles Edward Story ‘56 Mr. Robert H. Stowers ‘73 Mr. Riley Taylor Jr. ‘80 Mr. Bowen Thagard Jr. ‘99 Mr. Jerry Franklin Thomas ‘63 Mr. Albert Thompson III ‘78 Mr. James William Thompson ‘73 Mr. John Challoner Tuck ‘02 Mr. Richard W. Ussery ‘69 Mr. Devron Antoine Veasley ‘88 Mr. George W. Walker III ‘86 Mr. R. Conner Warren ‘67 Mr. William Michael Warren, Jr. ‘68 Mr. Kinn Webb ‘82 Mr. William Bew White III ‘72 Mr. Harry R. Wilkinson ‘64 Mrs. Denela Wilson ‘85 Ms. Denise Dale Wood ‘80 Mr. Milton Woodruff Jr. ‘82 Mr. Christopher W. Woods ‘90 Mr. John Douglas Woolbright ‘65 Mr. Robert D. Word Jr. ‘55 Mr. Ronnie Joe Wynn ‘64 Mr. Robert H. Young Jr. ‘71 Mr. John M. Youngbeck Jr. ‘77

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SHAREHOLDERS’ CLUB The Shareholders’ Club recognizes the highest levels of leadership in annual giving to the Harbert College of Business Gift Fund. Gifts through the club provide significant resources to impact students this year and allow the dean to continue to meet the college’s highest priorities. The Shareholders’ Club gives the college the flexibility to capitalize on emerging and timely opportunities for today’s students, while endowed funds provide for students of tomorrow.

Members receive special recognition and opportunities throughout the year, such as event invitations and special communications.

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SAMFORD SOCIETY RECEPTION On September 16, 2016 Auburn hosted the induction ceremony for the Samford Society, Auburn’s largest giving society, which includes donors whose cumulative gifts total $25,000 to $99,999. The event saw its highest attendance in society history, with 771 new households inducted. The total society membership now stands at 3,555 households. Additionally, 111 households graduated from the Samford Society to the 1856 Society, with cumulative gifts of $100,000 or more.

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BUSINESS SCHOOL ENDOWMENTS: SEC SCHOOLS

1912

1915

1914

1919 1925

1917

1928

1941

1926

1961

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SEC BUSINESS SCHOOL ESTABLISHMENT DATES

As one of the youngest business schools in the SEC, the Harbert College aims to become one of the elite public business schools, not only in the SEC, but in the U.S. Raymond Harbert’s transformational investment, coupled with the support of our alumni, will position the college for this success.

1967 1969

AACSB SEC BUSINESS SCHOOL ENDOWMENTS 2015-2016 Vanderbilt University

$299.3M

University of Florida

$177.9M

University of Arkansas

$148.7M

Texas A&M University

$132.2M

University of Missouri-Columbia

$116.6M

University of Alabama

$101.1M

University of Tennessee at Knoxville

$100.6M

University of Georgia University of South Carolina

$89M

University of Kentucky

$76.8M

Auburn University

$73.4M

Louisiana State University

$64.5M

Mississippi State University

$35.5M

University of Mississippi

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$98.5M

$20M

The Harbert College of Business’ endowment ranks 11th out of 14 SEC peer institutions.

Raymond Harbert’s $40M investment, coupled with $15M in matching endowments, positions the college to make significant strides towards ranking in the top half of the SEC by 2018.

YOUNG ALUMNI The Harbert Young Alumni program was launched in summer 2014 with pilot local chapters in Atlanta and Birmingham. A chapter was opened in Nashville in 2015 and two new chapters were opened in 2016 in Charlotte, NC, and New York City. The primary focus of the chapters is to connect young AU business alumni in each local area. We want participants to have fun, reconnect with college friends and meet peers in the area who’ve also graduated from Harbert through activities such as quarterly happy hour and speaker series. Speakers have included college namesake Raymond J. Harbert, Harbert College dean Bill Hardgrave, former AU quarterback and Campbell Wealth Management founder Randy Campbell ’84, former CIO of Oxford Industries (parent company of Lilly Pulitzer and Tommy Bahama) Cindy Taylor ’81, and the Owner of Progressive Restaurants including Momma G’s and Taco Bell Nick Davis ‘84. Events are free to attend for business alumni and a guest.

Each chapter has a local volunteer leadership team. In fall of 2015 a Young Alumni Council was formed to oversee the strategic direction of the program and coordinate the launch and development of the chapters. For more information on leadership opportunities, email harbertyoungalumni@auburn.edu.

WOMEN IN BUSINESS The Auburn Women in Business alumni group supports the mission and strategic plan of the Harbert College. Members offer professional advice and guidance to female business students at roundtable and panel discussions on campus.

Members also connect with other alumnae at regional events to build a network of strong female leaders.

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GUEST SPEAKERS AND INDUSTRY ENGAGEMENT IN 2016, ALMOST

400

GUEST SPEAKERS FROM OVER 100 COMPANIES VISITED THE HARBERT COLLEGE OF BUSINESS. SOME OF THESE COMPANIES INCLUDED: AFLAC AT&T Blue Cross Blue Shield of Georgia Chicken Salad Chick Chick-fil-A, Inc Coca-Cola Company CSX Corporation Delta Air Lines Dollar General Corporation Equifax Ernst & Young (EY) Ethicon Endo-Surgery Etsy ExpressJet Airlines Fastenal FedEx Ferguson Georgia-Pacific LLC Iberia Bank IBM International Paper Kia Motors Manufacturing Georgia, Inc. KPMG LLP Merrill Lynch Northwestern Mutual® Oxford Industries PricewaterhouseCoopers LLP Progressive Restaurants Inc

Pursell Farms Raymond James & Associates RE/Max Red Diamond, Inc. Regions Bank River Bank & Trust Southern Company Spanx, Inc State Farm®

154 alumni served as year-long mentors

for business students in the 2016 academic year, which is a

56% increase over the previous year.

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SunTrust Synovus Target Corporation The Home Depot Turner Broadcasting System, Inc. (TBS) Under Armour, Inc. Verizon Wireless Wells Fargo

In 2016, the Office of Professional and Career Development held

four Career Fair events for students. Services offered to students at these events included free professional headshots as well as on-site career coaches to answer questions. 2016 events included: AU CAREER FAIR (co-hosted with the AU Career Center)

100 companies attended

SUPPLY CHAIN MANAGEMENT CAREER FAIR

47

companies attended

HARBERT COLLEGE OF BUSINESS CAREER FAIR

85

companies attended

SUPPLY CHAIN MANAGEMENT CAREER FAIR

52

companies attended

1,378 248 1,373 279 students

students

students

students

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FOR OUR STUDENTS In keeping with its strategic goal of providing a “superior student experience,” the Harbert College hosts a variety of events throughout the year that enable students to interact with faculty, staff, and alumni in informal settings.

The Business & Burgers event in Spring 2016 connected Harbert College students with members of the college’s alumni advisory council. BurgerFi catered the event on the Lowder Hall lawn.

In kicking off fall semester classes in August, the college hosted the Back to Business BBQ. The event fed more than 1,000 students for the fourth straight year as Dean Bill Hardgrave and college faculty and staff served up pulled pork and baked beans.

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As business students gear up for final exams at the end of fall semester in December, they are treated to a visit by the Waffle House food truck.

FOR OUR PARENTS We not only like to show appreciation to our students, but to our parents as well! As part of Fall Family Weekend held on campus, the Harbert College of Business hosted a Parents’ Breakfast during Homecoming weekend to welcome families and provide them the opportunity to meet and chat with the dean, faculty and staff members. Tours of the building were also offered to those attending.

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EVENTS AND ALUMNI ENGAGEMENT

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ALUMNI EVENTS (49) The Harbert College of Business hosted

49 events total in 2016 for alumni and friends with more than 2,300 guests attending.

The events included 37 regional and 12 on-campus events.

The Office of Advancement made

877 visits in 2016 with alumni and friends.

ATLANTA, GA – 7 AUBURN, AL – 12 BENTONVILLE, AR BIRMINGHAM, AL – 7 CHARLOTTE, NC – 3 CINCINNATI, OH DALLAS, TX – 2 DENVER, CO LONDON, ENGLAND NASHVILLE, TN – 4 NEW YORK, NY – 3 ORLANDO, FL SAN FRANCISCO, CA SELMA, AL SEATTLE, WA TAMPA, FL – 2 WASHINGTON, DC

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50 YEARS OF BUSINE 1967 Auburn University’s Board of Trustees creates the School of Business by decree on March 15.

The School of Business is organized into four departments: Accounting & Finance, Economics & Geography, Management, and Marketing & Transportation.

The School of Business becomes the university’s 10th undergraduate school and makes its initial home in Thach and Tichenor Halls.

1970 School of Business forms Business Advisory Council to connect faculty with state and regional business leaders.

1976 International Business debuts as a major 1977 General Business is added to the school’s curriculum 1985 The School of Business is renamed the College of Business The Board of Trustees approves the formation of the School of Accountancy

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1990 The College of Business breaks ground on the building at the corner of Magnolia Avenue and Donahue Drive

SS EXCELLENCE 2016 • College announces $15 million gift from Raymond and Kathryn Harbert. Coupled with a $15 million match from Auburn University, the gift will lead to the creation of a second business building to house graduate programs.

• The Harbert College of Business surpasses its $100 million target goal in summer 2016 as part of the Because This Is Auburn campaign.

• An electrical fire in June on the first floor of Lowder Hall forces the temporary closure of the building. Normal operations resume at the beginning of the Fall 2016 semester.

• Department of Aviation and Supply Chain Management becomes Department of Systems and Technology.

2015 RFID Lab hosts its grand opening.

The Harbert College hosts the first Auburn University Entrepreneurship Summit.

2013 College renamed Raymond J. Harbert College of Business after $40 million commitment from Raymond and Kathryn Harbert – then the largest gift in Auburn University history.

2010 Dr. Bill Hardgrave is named the dean of the College of Business at Auburn University.

Office of Professional and Career Development opens.

2001 Undergraduate enrollment reaches 4,511, making the college the largest at any university in Alabama Department of Aviation Management and Logistics created 1998 Executive MBA Program (EMBA) launched 1994 uilding named the Edward B L. Lowder and Catherine K. Lowder Business Building

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BREAKING GROUND Fifty years after its founding as a school of business and 25 years after its move into Lowder Hall, the Harbert College of Business will have a second home. The second building is part of the vision for a “business campus” at the corner of Magnolia Avenue and Donahue Drive.

A $15 million commitment from Raymond and Kathryn Harbert, matched by $15 million from Auburn University, will fund construction of a second business building. The gift was announced at the Auburn University Board of Trustees meeting on September 16, 2016.

The multipurpose facility with approximately 80,000 square feet of classroom and meeting space will complement Lowder Hall and enable the college to adequately handle the 42% enrollment growth over the past five years. It will also feature collaborative working and learning spaces, utilizing innovative classrooms and flexible and convertible spaces throughout.

A large, open atrium will allow students to take a break with easy access to a café. The courtyard between the two buildings will provide ample space for students to gather in an open environment between classes.

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PLANNING AHEAD Throughout the year, the strategic plan serves as our guide to our activities, but we are always thinking and planning ahead. We’ve already mentioned the most significant change expected in our near future, the construction of a graduate business building. We look forward to expanding the Harbert College of Business campus and all the opportunities this new space will afford us. Our 50-year anniversary celebration will continue all year, but will culminate with a special event in the fall of 2017. Other signs of progress for our college include: •N ew academic programs: A new online undergraduate degree option in business administration should launch later this year. The college will also engage in a comprehensive review of its undergraduate business core, creating opportunities to revisit the content, structure, and delivery of foundational coursework and make adjustments as necessary. There will also be changes in store at the graduate level, with a proposal for a new MBA+ program in partnership with the Samuel Ginn College of Engineering nearing finalization. The program may make its debut in 2018.

•N ew faculty: The college will welcome as many as 10 new faculty members by the end of 2017 and will add five new positions in 2018. Beyond helping our students, these new hires will elevate the college’s ability to contribute research that benefits industry as well as the academy.

• Investments in research: The college has extended its research capability in recent years with the addition of the Auburn University RFID Lab and the Center for Supply Chain Innovation. In 2017, a comprehensive review of research investments will yield recommendations to identify new areas of priority. To date, we have invested in summer research, numerous data sets, and faculty travel, among several other things.

•A lumni participation: The college has more than 40,000 alumni, although slightly less than 10,000 participated in the current campaign. We have set a goal to increase the participation of our alumni to 20,000 by 2020. As such, we will increase the number of alumni events this year and broaden our reach to alumni who have not been engaged. And remember, there are many ways to be engaged including hiring interns and graduates, coming back to speak to classes, and attending our events when we come to your town.

405 W. Magnolia Avenue | Auburn, Alabama 36849 harbert.auburn.edu

Auburn University is an equal opportunity education institution/employer.