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PITT

BUSINESS 2019

CELEBRATING THE YEAR OF PITT GLOBAL UNIVERSITY OF PITTSBURGH JOSEPH M. KATZ GRADUATE SCHOOL OF BUSINESS & COLLEGE OF BUSINESS ADMINISTRATION


CONTENTS

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18 On the cover Undergraduate students cross the Carrick-a-Rede Rope Bridge in Northern Ireland Director of Marketing & Communications Janice G. Jeletic

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From the Dean

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Skills for the Global Job Market

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Developing Business Leaders

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Where in the World Are Pitt Business Alumni?

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Faculty News

Editor

11 Our New Directors

Erin Noonan

12 CBA Academic Updates

Designer Amy Biss Benscoter Writers

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13 Alumni Pay It Forward 14 Katz Academic Updates 15 Finance Chair Established

William Gillis

16 First EMBA Healthcare Cohort Graduates

Megan Klein

18 Empowerment through Entrepreneurship

Erin Noonan

22 Tapping into a Global Network

Contributing Writers

24 Around the World — and Back Again

Dayna DiRienzo

26 The Power of Humanity

Greg Latshaw Karlye Rowles Feature Photographers Stefanie Aumiller (pgs. 22, 23) Tiffany Cooper (pgs. 11, 18, 20, 21, 24, 25, 33)

28 Alumni Awards 32 The Most Valuable Investment 33 A Message from John Algie 34 Class Notes

Dennis Galletta (pgs. 9, 10)

35 It’s Never Too Late

Harry Giglio (pg. 1)

35 Remembering a Pioneer

Megan Klein (pg. 8) Aimee Obidzinski (pg. 35) Joseph M. Katz Graduate School of Business & College of Business Administration

Proofreader

Carol Pickerine

www.business.pitt.edu The University of Pittsburgh is an affirmative action, equal opportunity institution.

36 How to Get Involved


A ME SSA G E FRO M A R JA N G A . A S S A D HENRY E. HALLER JR. DEAN Pitt Business is experiencing an unprecedented period of growth and momentum. As you will read in the pages of this issue of Pitt Business, the Joseph M. Katz Graduate School of Business and College of Business Administration (CBA) have achieved outstanding rankings, increased the number of world-class faculty, and continued to expand the programs and opportunities offered to our students. This issue also highlights our global programs and events as we conclude the University-wide “Year of Pitt Global.” A key component of our growth is faculty strength. We have added nine net new tenure-stream faculty and three new endowed chairs since the beginning of my tenure as dean in the fall of 2015. Our faculty continue to earn awards and honors in their respective fields, including editorial positions with prestigious academic journals. We were proud to complete the re-accreditation process conducted by the Association to Advance Collegiate Schools of Business (AACSB). Among

our numerous strengths, the final AACSB report cited our research culture, the research productivity and academic leadership of tenurestream faculty, our emphasis on experience-based learning, and the high percentage of students participating in our increasing number of global programs. We were gratified that CBA was recognized for its strong academic profile, student outcomes, and student engagement. In the past year, we have expanded the number of programs available to our graduate-level students to infuse business analytics into both our Master of Science (MS) and Master of Business Administration (MBA) degrees. An MS in Management was added. Five non-degree Micro-Credential Programs provide working professionals with knowledge, skills, and abilities in specific areas of business. Our undergraduate program added a Certificate in Sports Management and two accelerated degree programs to enable students to complete their Bachelor of Science in Business Administration (BSBA) degree in

three years, followed by an MBA or an MS in Management Information Systems. International opportunities continue to expand, and a new Mentoring Match program gives our alumni the opportunity to provide career advice and networking support to undergraduate students. All of these actions are reflected in our rankings. Katz recently was ranked No. 43 by U.S. News & World Report — our highest ranking in at least the last 20 years. CBA was ranked No. 23 by Poets & Quants, including No. 1 in academic advising in the U.S. and No. 1 among U.S. public schools in life-changing experiences. The past year also involved a yearlong strategic planning process that engaged our Board of Visitors and benefited from broad and active participation of our faculty and senior staff. The effort has identified key areas of focus that will form the basis of the next five-year plan for Katz and CBA. I look forward to sharing the key features of this plan with you.

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UNPACKING SKILLS FOR THE GLOBAL JOB MARKET

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ow do you foster a culture of entrepreneurship and innovation in a society that does not reward failure? At TIBCO Software in Singapore, Katz students were invited to participate in a discussion on how this question resonates throughout Southeast Asia. The meeting was part of the Global Research Practicum (GRP), the flagship global experience-based learning (EBL) program offered by the Joseph M. Katz Graduate School of Business. In this program, graduate students embark on a weeklong international experience, where they examine issues facing global business leaders.

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Through the discussion at TIBCO Software, students learned how innovation in Singapore does not necessarily happen at the top-tier executive level, but rather in middle and lower management levels. Companies need to target the managers and stakeholders that will spur disruption within the company. “In collaboration with the International Business Center [IBC], our team in the MBA Programs Office overhauled the GRP curriculum in 2016,” says Bill McShane, EBL program manager. “Jacqueline Saslawski, IBC managing director, and I conducted extensive research to create the Katz Global EBL Unpacking Process, which


KATZ GLOBAL PROGRAMS

“ANYONE CAN TRAVEL TO THESE LOCATIONS AFTER GRADUATE SCHOOL, BUT THE VALUE IS IN THE COMPANY VISITS AND IN THE CONNECTIONS THAT YOU ARE LESS LIKELY TO MAKE ON YOUR OWN.” enables students to apply what they’ve learned abroad to work-related situations.” To kick off the course, students participate in a GRP workshop to learn about the transferable skills that can be gained from short-term study abroad. This year’s program featured three panelists: Julie Nelson (MBA/MPIA ’16), Moosa Swaidan (EMBA ’17), and John Boyas, who recently retired from an international business career at a manufacturing company. The panelists discussed their global professional experiences and the impact these have had on their careers. After researching the culture and industries relevant to their programs, all GRP students take the Global Competence Aptitude Assessment (GCAA), a comprehensive measure of global readiness and cultural awareness. The GCAA provides students with the opportunity to identify their strengths, as well as areas for growth as they relate to the knowledge, skills, and attitudes necessary for global competence. “Our goal is to ensure that all Katz students have a meaningful international experience,” says Saslawski. “In order to get the maximum impact out of these programs, we intentionally designed the GRP to prepare them for the experience, help them be mindful of their learning while traveling, and enable them to articulate the transferable skills they’ve developed.” During their week abroad, students visit companies, experience local culture, interact with alumni, and explore independently. This year, students traveled to Dublin, Ireland, and Belfast, Northern Ireland, where they studied the impact of Brexit on taxes, trade, and people; Santiago, Chile, where they studied the supply chains of the food and

beverage industry; and Singapore, where they studied the impact of global trade in Southeast Asia. Building on their GCAA results and prior international experiences, students complete a series of “unpacking” assignments to enhance professional development, in which they pinpoint relevant experiences from the GRP into transferable skills that employers look for in graduates. These skills include communication, critical thinking, tolerance for ambiguity, and intercultural skills. “How you conduct yourself in new environments can really depict who you are as a person and how others perceive you,” says Mauro Galus (MBA ’20), who participated in the GRP in Singapore. “My GRP experience solidified how important it is to know how to handle unfamiliar situations, listen to those around you, take in new information, and be open to trying things you’ve never done before.” While GRP destinations and themes change from year to year, the unpacking process ensures that students gain vital transferable skills to compete in the global job market. Through innovation and collaboration, the GRP continues to be a key driver of student global competence. “Anyone can travel to these locations after graduate school, but the value is in the company visits and in the connections that you are less likely to make on your own,” Galus says.

GET INVOLVED In the year of Pitt Global, the school continues its focus on global experiences. Alumni interested in connecting with current students or getting involved in Katz global opportunities should contact globalebl@pitt.edu.

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CBA GLOBAL PROGRAMS

DEVELOPING GLOBAL COMPETENCY AND SOCIAL RESPONSIBILITY AMONG FUTURE BUSINESS LEADERS

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is researching and implementing a more comprehensive, hat comes to mind when you hear the critical approach to global education by focusing on both term “study abroad”? Maybe you think of a on- and off-campus initiatives geared toward developing semester spent in Berlin studying at a global competency in all business students.” a business school. Or maybe you think of In order to expand research and programming college students completing a short-term international beyond study abroad participation, CBA students are service-learning project over spring break. These are both encouraged to pursue a globally minded degree or examples of study abroad participation in international certificate program, study foreign languages, and fulfill education, which involves bringing international students general education requirements through a variety of to campus and sending domestic students abroad. international courses. Additionally, students can join With 58 percent of students completing study abroad internationally themed student organizations, such as programs, the College of Business Administration (CBA) the Society for International Business, and participate in has thrived in comparison to other U.S. colleges and international case competitions. universities, which average less than 2 percent participation “During my time at CBA, I was encouraged to in study abroad programs. But, study abroad alone participate in multiple international experiences, both doesn’t paint the complete picture of why CBA in Pittsburgh and abroad, with a real-life component to excels in international programs. The mission tie into my majors in global management and supply of CBA International Programs extends beyond study abroad participation to emphasize the development of students into ethical, globally competent business leaders with of CBA students of students complete of students participate in an transferable skills. an international take the GCAA international program internship “The golden era of international education was chain management, as well as my minor in French,” accompanied by grand aspirations, frequently evoked in says Anna Robinson (BSBA ’19). “I completed a Global college mission statements and strategic plans,” says author Service Learning Project in Bolivia and interned in Karin Fischer in a recent Chronicle of Higher Education Paris and Dublin. These experiences have made me a article. She explains that the impact of internationalization more effective leader and team member because I’m able in higher education may only be “skin deep,” for too often to add value in unfamiliar situations with people from schools focus solely on study abroad participation and various backgrounds.” mobility between countries. Many universities are able to The CBA International Programs Office coordinates measure student study abroad participation rates but never the international component of the CBA Outside of the get much traction on other aspects of internationalization, Classroom Curriculum (OCC), the global leadership– such as the development of transferable skills, that help themed Pitt Business Living-Learning Community, students make an impact within the business world. and an international student peer mentoring program. “Study abroad mobility is critical to our portfolio Additionally, CBA established a unique integration and provides a powerful experience-based learning with Career Development for students to connect the environment, but it is not enough,” says Bryan Schultz, transferable skills gained abroad with skills needed for director of international programs at CBA. “Pitt Business

58%

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23%

100%


“ALL BUSINESS IS GLOBAL IN NATURE, AND PITT BUSINESS BELIEVES STUDENTS MUST BE GLOBALLY COMPETENT TO FIND SUCCESS IN THE WORKFORCE.” the workforce through active reflection before, during, and after international experiences. “All business is global in nature, and Pitt Business believes that students must be globally competent to find success in the workforce,” Schultz says. “By developing research-based and proven programs for students, we are able to help students not only gain the transferable skills in a global context but also help them articulate these skills in cover letters, resumes, and interviews, and while making an immediate impact in the workplace.” Feedback from corporate recruiters has confirmed that CBA graduates possess the invaluable global mindset and skills necessary to enter the workforce. As CBA has expanded its global experiences for students, it has also begun providing empirical evidence of the impact of its global programs portfolio. CBA is collaborating with the David Berg Center for Ethics and Leadership to further execute its mission of developing ethical global leaders by establishing the Global Competency and Social Responsibility Project, a large-scale longitudinal study examining the global competency of all CBA students consisting of several mixed-methodology research studies. “This research has already generated a great deal of interest and excitement within the higher education community,” says Audrey J. Murrell, associate dean of CBA and director of the Berg Center. “Our work has been presented at several national conferences, and we were invited to speak at the Mixed Methods International Research Conference hosted by the University of Vienna.” Research data includes pre- and post-assessments using the Global Competency Aptitude Assessment (GCAA) from undergraduate business students. This data

is collected during the students’ first year and again during their senior year. Additional qualitative data includes the use of content analysis software for student study abroad blogs, student interviews, and student engagement–related data within on- and off-campus global activities. The data is analyzed to determine how much students have increased their global competency and social responsibility aptitude during their time at CBA. The activities, courses, majors, and study abroad programs in which these students participated are also used to help shape future advising strategies and program development plans. “I’m excited to be at a university that is moving the needle on global education,” says Jennifer Petrie, assistant director of the David Berg Center for Ethics and Leadership. “I look forward to seeing how our research can inform programming here at Pitt and support global education advances at the national and international levels.”

Stay tuned for CBA and the Berg Center’s results from the Global Research Study via articles and a book beginning in Spring 2020.

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Phoenix, Arizona: November 2018 PITT BUSINESS BRUNCH WITH THE DEAN Dean Assad gave a brief update of the school followed by open conversation with alumni over brunch.

Pittsburgh, Pennsylvania: April 2019 55TH ANNUAL BUSINESS ALUMNI ASSOCIATION AWARDS Alumni, faculty, staff, and students gathered to pay tribute to the achievements of several notable alumni for their exemplary contributions to Pitt Business. Reunions were held for Pitt Business classes from 1969 to 2014.

Where in the World Are Pitt Business Alumni? Our Pitt Business alumni network has touched every corner of the world, making a profound impact on international business in nearly 90 countries and all 50 states. Our graduates are made up of business leaders, community champions, and cutting-edge researchers. 6 | Pitt Business Magazine • 2019


Bangkok, Thailand: May 2018 ASIA BUSINESS SYMPOSIUM AND ALUMNI GATHERING The Pitt Business Alumni Association welcomed alumni in Bangkok to honor international distinguished alumni Blanca Shulan Huang and Somphote Ahunai. The symposium also featured a special presentation from Professor Ken Lehn about the importance of corporate agility.

TOP 10 STATES Pennsylvania

16,786

AFRICA

982 ASIA

1,052

Florida New York

648 EUROPE

987

California

878

New Jersey

792

Ohio

784

Virginia

661

Maryland

587 565

North Carolina Texas Illinois

32

520 432

MORE THAN

29,000

27,495 NORTH AMERICA

ALUMNI ACROSS THE WORLD

242

9

SOUTH AMERICA

OCEANIA business.pitt.edu | 7


FACULTY NEWS

DEAN EMERITUS JERRY ZOFFER PUT PITT BUSINESS ON THE MAP In February, faculty and staff honored Dean Emeritus H. J. “Jerry” Zoffer for 65 years of service and dedication to Pitt Business. Zoffer served as dean of the Joseph M. Katz Graduate School of Business and College of Business Administration (CBA) from 1968 to 1996, following a career in teaching and university administration. “During his 28-year tenure, Jerry built one of the world’s strongest and most influential faculty groups in business ethics and corporate social responsibility,” says Dean Arjang A. Assad. “In the process, he put Pitt Business on the international map, taking us from a regionally recognized institution to one with global acclaim.” When Zoffer started as dean, Katz had no endowed faculty chairs, no dual-degree programs, no parttime MBA program, and no executive MBA program. At the time, Katz was still squeezed into cramped quarters in the Cathedral of Learning.

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But Zoffer changed everything. He took a hands-on role in personally recruiting exemplary scholars to the program. He built strong and lasting relationships with the corporate community. And he was a master fundraiser, never afraid to board a plane if it meant advocating for the school. Zoffer’s vision for the school was global. In the late 1980s, with the Cold War thawing, he helped Pitt Business establish its first global partnership, a program in Budapest, Hungary, which opened the door to our Executive MBA Worldwide program. One of Zoffer’s final acts as dean was to oversee the re-establishment of our undergraduate program, something near and dear to his heart. CBA has enjoyed tremendous success since then, taking students “From the Classroom, To the City, To the World.” Zoffer says it has been a “great privilege” to help transform what was

once “essentially a local school to one competing on a national level. That makes me very proud.” In 2016, the H. J. Zoffer Chair in Leadership and Ethics was established to honor him. The chair exemplifies excellence in teaching, research, and service. The Zoffer Chair, held by Professor CB Bhattacharya, reflects the school’s long-standing commitment to ethics and leadership — a commitment that began a generation ago thanks to Zoffer’s prescient vision. Zoffer continues to teach classes at the graduate level and conduct research, and he recently co-founded the International Center for Conflict Resolution with Professor Luis Vargas. He says he had the opportunity to retire 20 years ago, but decided he wanted to continue being an active faculty member. “What I really like best is teaching, research, and being with my colleagues,” Zoffer says. Fittingly in his 65th year at Pitt Business, Zoffer addressed the Katz class of 2019 at graduation.


NEW FACULTY

Information Systems and Technology Management

The Joseph M. Katz Graduate School of Business and College of Business Administration have recently completed a three-year period of actively recruiting world-class research faculty. To date, there are nine net new tenure-track faculty who augment the research capacity and visibility of the school.

Accounting Gary Lind, Assistant Professor, PhD, Rice University Mark Ma, Assistant Professor, PhD, University of Oklahoma Patrick Martin, Assistant Professor, PhD, University of Pittsburgh

Business Analytics and Operations

Michael Hamilton, PhD candidate, Columbia University (Expected October 2019) Leon Valdes, Assistant Professor, PhD, Massachusetts Institute of Technology

Finance Spyridon Lagaras, Assistant Professor, PhD, University of Illinois, Urbana-Champaign

Mehmet Yalin, Clinical Assistant Professor, PhD, University of Pittsburgh

Priyanga Gunarathne, Assistant Professor, PhD, University of Rochester Kaushik Mitra, Clinical Assistant Professor, MBA, University of North Alabama

Marketing and Business Economics Mina Ameri, Assistant Professor, PhD, University of Texas at Dallas

Organizations and Entrepreneurship Lingling Pan, Assistant Professor, PhD, Michigan State University Trevor Young-Hyman, Assistant Professor, PhD, University of Wisconsin

Arian Aflaki, Assistant Professor, PhD, Duke University

Ahmed Elshahat, Clinical Associate Professor, PhD, Florida International University

Ruba Aljafari, Assistant Professor, PhD, University of Arkansas

Tom Davis, Clinical Assistant Professor, MBA, University of Pittsburgh H. Blair Pomeroy, Clinical Assistant Professor, MBA, Harvard Business School

PROMOTIONS AND APPOINTMENTS Audrey J. Murrell, promoted to Professor, Organizations and Entrepreneurship Frederik Schlingemann, promoted to Professor, Finance Andrew Koch, promoted to Associate Professor, Finance

James A. Craft, appointed to Professor Emeritus of Business Administration Richard Franklin, appointed to Clinical Assistant Professor Emeritus of Business Administration

ADMINISTRATIVE APPOINTMENTS James A. Craft, Interim Director at the University of Pittsburgh’s Center for Latin American Studies Frits Pil, Director of Instructional Excellence and Faculty Development

2018 CHANCELLOR’S SEED PROGRAM GRANT RECIPIENTS John Camillus, Business of Humanity® Project Luis Vargas and Jerry Zoffer, Creation of the International Center for Conflict Resolution

SPECIAL RECOGNITION Audrey J. Murrell, Associate Dean of CBA and Professor, was named to Bizwomen’s list of 40 Headliners in Education and to the 2018 Pittsburgh Business Times Women of Influence list. Ray Jones, Clinical Associate Professor, and Deborah Good, Clinical Assistant Professor, were featured in Poets & Quants’ list of Top 50 Undergraduate Business School Professors. Ray Jones was voted by students, faculty, and staff as the University of Pittsburgh’s No. 1 professor for a record eleventh time.

CHAIR APPOINTMENT Don Moser, professor in accounting, has been named Lou and Myra G. Mervis Chair. Moser joined the Katz faculty in 1986 after completing his Ph.D. at the University of Wisconsin. Moser says the Mervis Chair feels like the culmination of the collaborative work he has established with his Pitt colleagues and doctoral students. “That’s how I was able to establish the record to be worthy of a chair,” he says. “This is a team effort.” business.pitt.edu | 9


NEWS ABOUT OUR CHAIRS John Harry Evans III, Katz Alumni Chair Professor of Accounting, received the 2019 American Accounting Association Lifetime Contribution Award for his 40-plus years of research and teaching of key management accounting issues and other contributions to the profession. Carrie Leana, George H. Love Chair Professor of Organizations and Management and Director of the Center for Healthcare Management, was a resident scholar at the Rockefeller Foundation Bellagio Center in Bellagio, Italy. Sharon Alvarez, Thomas W. Olofson Chair in Entrepreneurial Studies; CB Bhattacharya, H. J. Zoffer Chair in Sustainability and Ethics and Professor of Marketing and Management; Cait Lamberton, Ben Fryrear Chair of Marketing; and Vanitha Swaminathan, Thomas Marshall Chair in Marketing, all delivered Provost’s Inaugural Lectures in 2018. The Provost’s Inaugural Lecture is a Pitt tradition honoring faculty who have been appointed to an endowed chair. David J. Denis, Roger S. Ahlbrandt, Sr. Chair of Finance, received the Distinguished Scholar Award from Drexel University in recognition of his outstanding academic contributions to corporate governance.

DISTINGUISHED APPOINTMENTS J. Jeffrey Inman, Associate Dean for Research and Faculty and Albert Wesley Frey Professor of Marketing, is editor in chief of the Journal of Consumer Research. David J. Denis, Professor and Roger S. Ahlbrandt, Sr. Chair of Finance, is serving a second term as editor in chief of the Review of Financial Studies. Dennis Galletta, Professor of Information Systems and Technology Management, is a senior editor for MIS Quarterly and serves on the editorial board for the Journal of Management Information Systems. Vicky Hoffman, Professor of Accounting, serves as an editorial board member of The Accounting Review; Accounting, Organizations and Society; and Auditing: A Journal of Practice and Theory. Carrie Leana, George H. Love Chair Professor of Organizations and Management, has been named co-editor designate of Academy of Management Annals. She also serves as senior editor at the Academy of Management Review and on the editorial board for Organization Science.

John Prescott, Professor of Organizations and Entrepreneurship and Thomas O’Brien Chair of Strategy, is the senior associate editor of the Journal of Management Studies and also serves on the editorial boards for the Strategic Management Journal and Journal of Management. Frederik Schlingemann, Professor of Finance, was recently appointed to the European Corporate Governance Institute as a research member. Tansev Geylani, Associate Professor of Marketing and Business Economics, currently serves on the editorial board of Marketing Science. Narayan Ramasubbu, Associate Professor of Information Systems and Technology Management, serves as associate editor for Management Science, associate editor for MIS Quarterly, and senior editor for the Journal of AIS. Nicole Verrochi Coleman, Assistant Professor of Marketing and Business Economics, serves on the editorial review board for the Journal of Consumer Research. Eugenia Wu, Assistant Professor of Marketing and Business Economics, serves on the editorial board of the Journal of Consumer Research.

Frits Pil, Professor of Organizations and Entrepreneurship, serves as departmental editor for the Journal of Operations Management.

Vanitha Swaminathan’s book, Strategic Brand Management: Building, Measuring, and Managing Brand Equity (Fifth Edition), co-authored with Kevin Lane Keller, was published by Pearson in January. Strategic Brand Management examines branding from the consumer perspective, and the new edition features an in-depth examination of digital branding.

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MEET THE NEW DIRECTORS Katz/CBA welcomes three new directors to their roles across Alumni Relations, Career Management, and MBA Programs. Each brings a wealth of experience, and they are valuable additions to the school.

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Amy McCloskey DIRECTOR OF ALUMNI RELATIONS

MY ROLE: I work to cultivate and maintain targeted and meaningful personal relationships with our Pitt Business alumni. PREVIOUS ROLE: I worked in the Pitt Alumni Association serving as the liaison between the schools, colleges, regional campuses, and the central Alumni Association. WHY PITT BUSINESS? I joined Pitt Business for the opportunity to meet and work with faculty and alumni doing amazing and impactful things throughout the local and global community.

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Chris Meaner

DIRECTOR OF CBA CAREER DEVELOPMENT

MY ROLE: My job is to work with the career development team to help CBA students develop into professionals upon graduation. We support students in achieving their goals, whether it is graduate school or the perfect job, by creating out-of-class experiences to apply and execute their classroom learning to real-life situations. PREVIOUS ROLE: I worked at Allegheny Health Network, where I helped to create the campus and community recruitment strategies, and recruited for the myriad of internship and high-performance programs. WHY CBA? I knew that CBA was the place for me during the interview process. I had a strong sense that this was an innovative, hardworking group that cares a great deal about the students. I could easily see that this is an atmosphere that set everyone up for success.

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Laura Oknefski DIRECTOR OF MBA PROGRAMS

MY ROLE: I provide operational oversight of the student services, academic advising, and co-curricular professional development programming offered to all full-time and professional MBA students. I also manage the MBA Programs Office to ensure that students have a rigorous, impactful, and satisfying experience in the program. PREVIOUS ROLE: I was the director of retention and assessment at La Roche College. WHY KATZ? Having grown up in Pittsburgh, and then returning after graduate school, Pitt has always held a certain esteem in my eyes. I saw this job opening as a great opportunity to apply my professional expertise, while focusing specifically on business education, at a school that I have always respected. business.pitt.edu | 11


CBA ACADEMIC UPDATES NEW CERTIFICATE TACKLES THE BUSINESS OF SPORTS AT CBA

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aunching in Fall 2019, the College of Business Administration (CBA) will provide students with the opportunity to earn a certificate in sports management. Consisting of 18 academic credits, the Certificate Program in Sports Management (CPSM) will contribute to students’ preparation for a career in a sports or sports-related industry. Students will learn to see sports not from the lens of a fan or an athlete, but as a multi-faceted, multidisciplined business. The curriculum includes an experiential learning requirement whereby students are able to apply the skills they learn to real-life problems. “I am thrilled that we have added the Certificate Program in Sports Management to the portfolio of opportunities for our students,” says Audrey J. Murrell, associate dean of CBA and director of the David Berg Center for Ethics and Leadership. “This will provide an opportunity for business

students to complement their academic major with a focus on opportunities within the sports industry.” Sports are woven into the fabric of Western Pennsylvania — Pittsburgh is home to numerous championship professional teams, the University of Pittsburgh’s Division 1 sports teams, and the corporate headquarters of market leaders in sports-related fields, such as DICK’S Sporting Goods. Students have the opportunity to complete internships with the Pittsburgh Steelers, Pittsburgh Pirates, Pittsburgh Penguins, and Pittsburgh Riverhounds, as well as with Pitt Athletics. The CPSM is offered to CBA students or other students pursuing double degrees from the business school and the Dietrich School of Arts and Sciences.

HALLER GLOBAL HONORS FELLOWSHIP PROGRAM

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ast summer, the inaugural Haller Global Honors Fellowship Program was launched, allowing a select group of students to complete an early-exposure study abroad experience in the weeks leading up to the start of the fall term. “Our goal was to create a cohortbased program that would bring honors students together and develop their global competence as part of our mission of taking students ‘From the Classroom, To the City, To the World,’” says Murrell. Offered exclusively to incoming firstyear students in the Pitt Business Honors Program, the global fellowship is a four-week program held from mid-July to mid-August.

Students spend the first two weeks in Pittsburgh, completing an accelerated honors version of the fourcredit course Managing in Complex Environments, with local site visits to Google, EY, KPMG, and Everyday Cafe. The students then travel to Dublin, Ireland, to examine the country’s thriving technology and innovation sector through site visits to the European headquarters of Google, Microsoft, Airbnb, and more. “One of the great things about early exposure to study abroad is that the data shows that students who study abroad early are likely to study abroad again during their college experience,” says Bryan Schultz, director of international programs at CBA. “The international immersion they gain is a vital part of developing their global competence as future business leaders.”

NEW ACCELERATED DEGREE PROGRAMS

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uilding on its existing portfolio, CBA, in collaboration with the Katz Graduate School of Business, has added two new accelerated degree programs. Students can now complete their Bachelor of Science in Business Administration (BSBA) in three years, and then earn either their Master of Business Administration (MBA) or Master of Science in Management Information Systems (MS-MIS).

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New Programs • 3+1.5 BSBA and MBA • 3+1 BSBA and MS in Management Information Systems Existing Programs • 3+1 BSBA and MS in Accounting • 3+3 BSBA and Juris Doctorate (JD)


PITT BUSINESS ALUMNI PAY IT FORWARD THROUGH MENTORING MATCH PROGRAM

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hen Bob Grossic (BSBA ’08, MBA ’10), director of Medicaid strategy and performance management at Highmark Inc., heard about the Mentoring Match Program at the College of Business Administration (CBA), he knew he wanted to give back to the Pitt community. “I believe mentoring is one of the most important and rewarding activities that a professional can participate in, both from the mentor’s and the mentee’s perspective,” Grossic says. “I feel proud to offer my advice by mentoring students, hearing their stories, and answering their questions.” Shortly after volunteering for the program, he was contacted by Teresa Leatherow (BSBA ’19), a supply chain management and business information systems student headed into her senior year. Grossic coached Leatherow on the consulting industry and helped her prepare for interviews. Eventually, an opportunity emerged at Highmark in the company’s prestigious Leadership Acceleration Program. Leatherow applied, was accepted by Highmark, and started the program after graduation in April 2019. Students and alumni can create a Mentoring Match profile in minutes. The system uses an algorithm to suggest alumni matches who have similar interests. Students also have the ability to search for alumni by applying filters, including company, job title, industry, and geographic location. Students are encouraged to use the platform for quick exchanges with alumni for questions, resume reviews, and interview tips. “The important thing for students to remember is that the alumni want to hear from you,” says Audrey J. Murrell, associate dean of CBA and director of the David Berg Center for Ethics and Leadership. “Every one of them signed up on their own because they remember what it was like being a student and want to help.”

This pay-it-forward attitude also resonated with Katie Hazelbach (BSBA ’15), a partnership activation executive with the NBA’s Minnesota Timberwolves and the WNBA’s Minnesota Lynx in Minneapolis. She connected with Matt Gary, a junior focusing on business information systems and marketing, because he was looking for an edge to break into the sports industry. “There are a lot of misconceptions about what it means to ‘work in sports,’ and I believed I could offer advice to someone trying to forge his or her own path,” Hazelbach says. “I was hoping to use it as a way to remain connected to the university.” Hazelbach offered advice on classes to take, professors to talk to, and conferences to attend. She even shared her professional contacts, putting Gary in touch with a colleague at the NBA headquarters in New York City. That gave Gary, who at the time was interning for the ACC Network, an inside track to the highly competitive NBA summer internship program. “Alumni should get involved because it’s easy to forget that someone once helped them,” Hazelbach says. “Along the way, there is at least one person who reached out a hand or offered a piece of advice that had a profound effect on all of us. It’s important to pay it forward. You never know how your words and actions can impact someone.” Katz and CBA alumni interested in participating in the Mentoring Match program can learn more information at pittbusiness.xinspire.com. business.pitt.edu | 13


KATZ ACADEMIC UPDATES

BIG DATA. BUSINESS ANALYTICS. DATA MINING.

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e hear these terms with ever-growing frequency. That’s because more and more businesses and organizations understand that these methods are essential to rigorous decision-making. To prepare students to become future leaders in the area of business analytics, the Joseph M. Katz Graduate School of Business created a program for a STEMdesignated MBA with Business Analytics. Students can choose to enroll in the program on a full-time or part-time basis as part of Katz’s MBA programs. In addition, there are five Master of Science STEM-designated Business Analytics degree programs, in conjunction with accounting, finance, management, marketing science, and supply chain management. Katz now offers a 15-credit Graduate Certificate in Business Analytics and a nine-credit micro-credential in Data Programming for Business Insights for those who have already earned a graduate degree or are not quite sure if a business management degree is right for them. Rabikar Chatterjee, associate dean and Gulf Oil Foundation Professor of Business, says Katz’s business analytics programs offer students training in cutting-edge business analytics methods. “Students will be equipped to hit the ground running as managers who can lead in the development and implementation of business analytics– driven approaches to improve organizational decisions in today’s complex and fast-changing business environment,” 14 | Pitt Business Magazine • 2019

Chatterjee says. “Companies now recognize business analytics as a critical driver of success.” The business analytics focus offers specialized instruction that enhances the traditional MBA learning experience. “All MBAs need to be literate in the basics of analytics and technology to be effective in today’s dynamic and global world of business,” Chatterjee says. “The business analytics part of the integrated MBA with Business Analytics program complements the rest of the MBA training by providing a rigorous, in-depth exposure to the current tools and concepts of business analytics with a focus on opportunities for hands-on applications through projects.” Chatterjee believes the quality of the school’s faculty and strategic emphasis on business analytics will ensure the continued success of Katz’s business analytics program. He says, “Katz has, and continues to build, the cuttingedge faculty expertise with the resources of a research and teaching powerhouse in this vitally important aspect of modern business. The school sees business analytics as a critical area to establish intellectual leadership.” Business analytics is not the only new area of focus for Katz. The brand-new, one-year Master of Science in Management degree program includes core business courses that are aligned with the foundational MBA curriculum. The MS in Management degree may be combined with business analytics and offers a catalyst to a professional career for students with little to no work experience. By combining the foundations of business with practical training and industry connections, the MS in Management prepares students for successful careers throughout a broad range of industries.


FINANCE CHAIR ESTABLISHED IN HONOR OF TERRENCE LAUGHLIN (photo courtesy of Bank of America)

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he Bank of America Charitable Foundation has made a gift of $2 million to the University of Pittsburgh to establish the Terrence Laughlin Chair in Finance at the Joseph M. Katz Graduate School of Business. The gift is made in honor of Terrence (Terry) Laughlin, who held the position of vice chairman of wealth management with the Bank of America until he passed away in October 2018 at the age of 63. “We are deeply honored and grateful to the Bank of America and its leadership for this gift, which will continue to honor Terry Laughlin for his commitment and contributions to the university and our school for years to come,” said Arjang A. Assad,

Henry E. Haller Jr. Dean of the Katz School and the College of Business Administration. A Pittsburgh native, Laughlin was a graduate of St. Francis University in Loretto, Pa. He was a 1981 Katz graduate, served on the Pitt Business Board of Visitors, and was a member of the University of Pittsburgh Board of Trustees for 10 years. On February 5, 2019, University Chancellor Patrick D. Gallagher, Dean Assad, and Executive Director of Development Tom O’Toole attended the memorial service for Laughlin in New York City. “We are exceptionally proud of the life that Terry lived and the example he set,” Gallagher said.

“He was a giant in the investment world, a leader in our community, and a devoted friend and generous partner of the university.” Laughlin was also an active board member of the Urban Institute, the Brooklyn Museum, and other non-profit and private boards. He served as a leader and mentor to the Bank of America Hispanic/Latino Organization for Leadership and Advancement. On the evening of February 5, the Bank of America Corporate Center in Charlotte and the Bank of America Tower at One Bryant Park in New York City were lit in Pitt’s colors of blue and gold to honor Laughlin.

Diane K. Denis, Professor and Katz Alumni Chair in Finance, has been appointed

to the Terrence Laughlin Chair. Denis joined the University of Pittsburgh in 2011, following 16 years on the faculty at Purdue University and six years on the faculty at Virginia Polytechnic Institute and State University.

Her research primarily focuses in the areas of mergers and acquisitions,

corporate diversification, corporate restructuring, and other areas of corporate governance and corporate finance. She has published in the Journal of Financial Economics, the Review of Financial Studies, the Journal of Finance, and the Journal of Accounting and Economics, in addition to other finance journals. Denis received the Excellence in Teaching and Excellence in Service Awards from Katz in 2014.

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A

A CAUSE FOR CELEBRATION

First EMBA Healthcare Cohort Graduates

fter 19 rigorous months of classes and projects, the inaugural class of 21 Katz-UPMC Executive MBA (EMBA) in Healthcare students graduated on December 2, 2018. “When the program started, we were strangers, but today we are a family,” said David Burwell, MD, chief medical information officer and vice president of clinical quality and compliance at UPMC Altoona, and the student speaker at the graduation ceremony. Launched in 2017 as a joint collaboration with UPMC, EMBA Healthcare is an accelerated MBA program for health care professionals who have strong clinical foundations and are seeking to expand and deepen their knowledge of all aspects of the business of health care.

“There is great demand for physicians and health professionals to be trained in business,” says Carrie Leana, academic director for EMBA Healthcare and George H. Love Professor of Organizations and Management. “With increasing pressures to cut costs and improve the quality of care, we’re training our students to be part of the solution — the future leaders of the health care system.”

THE POWER OF THE PRACTICUM EMBA Healthcare students follow a structured, traditional MBA curriculum, progressing through the courses as a cohort. In addition to their classes, students are required to complete a research practicum, the grand finale of the program. Students apply their business knowledge to a real health care challenge, conduct field research, and deliver a proposal to a real-world client — often their own organizations.

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SPOTLIGHT For accomplished surgeon and researcher Dr. MaCalus V. Hogan, earning his executive MBA was stressful at times. However, he viewed that stress as a positive challenge. “How do you become your best self when you have a lot to do?” he asks. “A little stress, a little pressure pushes me to that next level and after completing the EMBA Healthcare program, I know what can be achieved.” “As my role at UPMC was expanding, I wanted to deepen my knowledge of the business of health care,” says Hogan. “I thought EMBA Healthcare would be a good next step for me. Katz has a strong tradition of executive education and as a collaborator with UPMC. Pittsburgh is a med-tech city and the perfect location for a program like this.” The long hours, numerous case studies, and lively class discussions challenged students both personally and professionally, and cemented mutual interests into lifelong relationships. “All of us in the class are touching health care in some way, from physicians and nurses to insurance and startups,” says Hogan. “We made a conscious effort to learn from one another and grow as a group throughout the program. It was a great environment in which to thrive.” Calling his experiences in the EMBA Healthcare program engaging, challenging, and stimulating, Hogan says the program prepared him for the next chapter of his career journey. “This program — along with the vision shared by my classmates and the faculty — will have a deep and long-standing impact on our industry and make us stronger health care leaders.”

Health care is at the core of every course, every assignment, and every project in the program. Top faculty from the Joseph M. Katz Graduate School of Business and Pitt’s School of Health Sciences, as well as leaders from UPMC, teach in the program to provide a balance of perspectives. The graduation ceremony made it quite clear that the faculty and students shared a special camaraderie. Special guest Dr. C. Wright Pinson, CEO of the Vanderbilt Health System and deputy vice chancellor for health affairs and associate dean for clinical affairs at Vanderbilt University Medical Center, addressed the graduates about the merits of an MBA with a health care focus. Pinson earned his MBA prior to attending medical school and cofounded the Master of Management in Health Care program at Vanderbilt University.

MaCalus V. Hogan (EMBA ’18) Vice Chairman of Education and Residency Program Director in the Department of Orthopaedic Surgery, University of Pittsburgh Medical Center Associate Professor of Orthopaedic Surgery and Bioengineering, University of Pittsburgh

“We need capable people armed with graduate training that focuses on health care,” Pinson told the graduates. “More and more [health care professionals] are seeing the value of understanding the business and economics that go with taking care of patients.” While graduation may signify the end of something, it also represents a new beginning as Katz alumni. Burwell urged the graduates to stay involved with Pitt, Katz, and the EMBA Healthcare program. “As the first class of the Katz EMBA in Healthcare, we are the pioneers. We set the bar, laid the foundation, blazed the trail,” Burwell said. “When you leave here today, remember, there are future classes coming behind us. So let’s be good alumni. Stay involved. Be mentors. Because remember — we’re a family.”

Practicum topics examined by the inaugural EMBA Healthcare class included reducing mortality; primary service care on a local university campus; an operating room performance platform for anesthesia services; targeted reduction of inpatient processing times to reduce emergency department overcrowding; and extended-care team use on patient outcomes, satisfaction, and costs. business.pitt.edu | 17


Stephanie Campbell Social Media Manager, Aerie, American Eagle Outfitters Founder & Host, The Brava Podcast Pittsburgh Business Times’ 30 Under 30

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EMPOWERMENT THROUGH ENTREPRENEURSHIP

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rom the moment Stephanie Campbell (BSBA ’13, MBA ’17) stepped into Sennott Square as a firstyear student, she knew she wanted to join every club and organization she could — and she did. She even started one. Inspired by her mother, who started the same organization herself as an undergraduate at Robert Morris University, Campbell founded the Pitt chapter of Enactus, a student organization that applies business concepts to develop community outreach projects. The early days of Enactus consisted of a few friends meeting in Campbell’s Tower B dorm. “Once I ran out of space to swipe students into my room, we went down to the café, and all of a sudden we had about 20 people meeting around tables to talk,” Campbell says. “And I thought, ‘You know what — I need help and I’m going to go to Pitt Business and tell them about this.’” She recalls that the College of Business Administration (CBA) was always there to offer support and resources, especially Audrey J. Murrell, associate dean of CBA and director of the David Berg Center for Ethics and Leadership. “Audrey Murrell was one of the first people to recognize Enactus, its potential, and even the potential in me to lead the organization,” Campbell says. “She’s always been exceptional — bringing so much professional support to my

colleagues and the organization. It really just cemented my decision to choose Pitt Business.” As Enactus continued to grow, Campbell and her team set out to teach financial literacy to young people at a homeless shelter in Pittsburgh’s Uptown neighborhood. She recalls coming back to campus after an amazing day of volunteer work when one of her teammates grabbed her hand and said, “I finally get it. That was the best day ever, and I know I can make a difference.” That moment defined Campbell’s career. “When my teammate realized she had changed someone’s life for the better, I realized that I had not only helped her discover her potential, but that it had a tremendous cascading effect,” Campbell says. “It’s about helping others develop their own potential that can give them the opportunity to grow themselves and make a difference.” During her time at CBA, Campbell had the opportunity to study abroad in London, where she completed internships with Rotary Watches and Juicy Couture. She worked in Piccadilly Circus, providing her with an authentic London work experience. The internships allowed Campbell to experience the different sides of marketing and solidify her decision to go into fashion marketing. She became the first-ever social media intern at Aerie, a division of American Eagle Outfitters, Inc. (AEO), which is headquartered in Pittsburgh. The social media industry was still growing, so Campbell developed her own social media experience in hopes of accelerating a career path. business.pitt.edu | 19


“I built myself a website and started creating Facebook ads, even though there was no need to have Facebook ads,” Campbell says. “I just wanted to be able to tell a future employer, ‘I’ve done this before, and I feel confident about it.’ And I think that’s always my biggest advice for others — if you’re not given an opportunity for an internship or in the career path you want, just do it and start making it yourself.” The next summer, Aerie brought Campbell back as a search engine optimization (SEO) intern to discover the way organic traffic was being driven to its website. At the end of the SEO internship, Aerie offered her a full-time position in social media upon graduation. Inspired once again by her mother and Katz alumna, Ellen Langas (MBA ’80), she decided to return to Pitt for the Joseph M. Katz Graduate School of Business Professional MBA program in strategy, with a certificate in technology, innovation, and entrepreneurship. She fondly remembers her favorite class — Negotiations, Teamwork, and Change with Professor Frits Pil. Campbell says that

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Pil is full of knowledge, but also knows how to make class fun. She continues to practice the skills she learned in class, whether it’s inside or outside the workplace, and even in planning her wedding. “I loved being able to take what I was doing at work the day before, thinking about it during class at night, and applying what I learned the next day,” Campbell says. “I became a huge advocate for my colleagues to make sure that they know negotiation tactics. And I think every woman should know it too. I’m very open to share and say, ‘Hey, are you having trouble talking about pay or salary? I’d love to talk with you and help you get ready for that conversation.’” This immersion class gave Campbell the resources to start having these conversations before transitioning into a leadership role at Aerie, where she had the chance to work on the iconic #AerieREAL campaign. In 2014, Aerie vowed to stop Photoshopping its images, and the brand made a major commitment to the body confidence movement. Since then, #AerieREAL has grown into its own movement focused on


“I LOVED BEING ABLE TO TAKE WHAT I WAS DOING AT WORK THE DAY BEFORE, THINKING ABOUT IT DURING CLASS AT NIGHT, AND APPLYING WHAT I LEARNED THE NEXT DAY.”

diversity and inclusivity, representing Aerie’s mission to empower all women to love their real selves. The campaign has significantly increased sales across the AEO brand, earning double-digit sales growth since its launch in 2014. “It was so powerful to see #AerieREAL making a change in stores and on our website for our customers,” Campbell says. “But it was on social media where #AerieREAL sparked and ignited a conversation.” The company reached out to customers and asked what #AerieREAL meant to them, without defining it for them. “At first, it meant no retouching, but now with the help of our customers, it means empowerment, body positivity, self-acceptance, and so much more,” Campbell says. Aerie’s social media team works to celebrate and share the voice of the consumers up to the designers, the marketing team, and departments making brand decisions. Since 2014, the customers have been telling the brand where they want to go next, and Aerie is listening. One-third of Aerie’s social media feed is made up of regrams, or user-generated content

(UGC), which allows Aerie to interact with its consumers on a more personal level. “It’s amazing because our team listens, and I think that’s what makes the brand so special,” Campbell says. “We’re continually able to innovate, to go through the evolution of what a brand can mean.” When Campbell isn’t working on Aerie’s social media or volunteering with CBA’s Mentoring Match program, you can find her hosting the Brava Podcast, dedicated to highlighting innovative women transforming their careers. “Brava is the feminine version of bravo, which directly translates ‘to applaud women,’ and that’s exactly what the podcast set out to do,” Campbell says.

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Joclyn Torain Senior Associate, PwC BSBA ’13, MAcc ’14

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efore Joclyn Torain (BSBA ’13, MAcc ’14) even set foot on the Pitt campus, she knew she wanted to be an accountant. In middle school, she interviewed a friend’s father who was an accountant and thought, “This job sounds cool.” She also knew that she wanted to live and work abroad someday.

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Now a senior associate at PwC and more than four thousand miles from Pittsburgh, Torain is happy to make her home in Munich, Germany. Her first taste of life across the pond took place after her freshman year at the College of Business Administration (CBA), when she participated in Plus3: Germany, a three-week study abroad program. She spent time in Augsburg visiting with and preparing SWOT


TAPPING INTO A GLOBAL NETWORK analyses for companies such as Eurocopter and Audi. But what really sold her on Germany was traveling through Europe a few years later with her best friend. “We went through all these amazing European cities like Barcelona, Madrid, Rome, and London,” Torain says. “When we stopped in Munich, I thought, ‘You know, I could really see myself living here.’” Born and raised in San Antonio, Texas, Torain chose Munich for the same reason she chose Pitt — it felt like home. She remembers exiting the Fort Pitt Tunnel for the first time and seeing the beautiful view of downtown. “When I came to visit Pitt, I got lucky because it was the one weekend of sunshine in the winter,” she says with a laugh. At Pitt, she completed the Bachelor of Science in Business Administration and Master of Science in Accounting in four years, compared to a traditional fiveyear program. Pitt Business now offers a 3+1 program similar to Torain’s path. She immediately felt part of the “Pitt family,” as she calls it, through her involvement with numerous on-campus organizations, including the Roberto Clemente Minority Business Association, the Sports Business Association, Beta Alpha Psi, the National Society

of Collegiate Scholars, and the Pitt band. Torain says the Pitt faculty and her favorite professor, Elise Boyas, were particularly influential. “Professor Boyas was a very caring person, and really invested in the student experience,” says Torain. “She was one of those professors always willing to make sure that no student is left behind.” Outside of the classroom, Torain had the opportunity to intern with PwC’s Pittsburgh office during tax season. She met with a PwC recruiter, and when she mentioned that she wanted to live and work abroad, they replied, “That’s definitely something you can do here.” After graduation, Torain initially worked for PwC in Dallas, Texas, before making the leap to Munich. “The global culture at PwC is very rewarding,” she says. “I work with a lot of British partners, as well as colleagues from China, Russia, and India. One of my managers is American, too. It’s so much fun for me.” Wanting to expand her knowledge, Torain enrolled in a six-month, intensive German-language course as soon as she moved abroad. She says the experience helped her at work and also offered an opportunity to find common ground with a large variety of cultures. “Our class was a hodgepodge of people,” she says. “There were students from Albania, Japan, Switzerland, France, and Italy. It was fun to hear so many types of German accents.” One of her favorite aspects of traveling and living abroad is food. “I love food,” she says. “I think it brings cultures together. That’s my thing, trying to figure out what the locals eat and where to go.” Torain continues to maintain ties with the Pitt family. Recently she reunited with her Plus3 classmates, connected with Boyas in Dublin, and met up with her friend, Brianna Kiesel, a former Pitt women’s basketball player and now a WNBA player, at a basketball game in Poland. Torain says maintaining a strong network and an open mind are the keys to her success. Asked about what advice she would give current students and alumni, she says, “Don’t think that you know everything — be coachable. Understand that there is so much more to learn and so many people there to help you in whatever profession you choose to go into. Don’t hesitate to reach out to your old professors or people you work with.”

business.pitt.edu | 23


Rachael White Business Technology Analyst, Deloitte Founder, Beautiful MeTM BSBA ‘18

FROM THE CLASSROOM, TO THE CITY, TO THE WORLD — AND BACK AGAIN

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hile in high school, Rachael White (BSBA ’18) had the bold idea to start a fashion business called Beautiful Me™. It would be different from anything on the market. Since no two female body types are alike, she would provide a unique, online fashion experience for professional women that offered full customization and tailored designs. As the saying “dress for success” suggests, businesswomen who feel confident in their appearance have greater self-esteem and perform at a higher level in the workplace. “When I came to Pitt Business and expressed interest in entrepreneurship,” White says, “I was encouraged to continue my research and business idea through the Innovation and Entrepreneurship Certificate Program and other resources at Pitt.” As she developed her interests during her time at the College of Business Administration (CBA), which included four international experiences, she decided to develop an 24 | Pitt Business Magazine • 2019

independent capstone project. Her project combined her passion for international exposure with an exploration of how to create social change within the bottom of the economic pyramid. White used Beautiful Me as a realworld case study for how to create this change globally. The seeds for her social entrepreneurship capstone project were planted through her earlier study abroad experiences at CBA. She was able to form a global perspective that guided her journey as a student and a business professional. Through the Plus3 program in San Jose, Costa Rica, she was exposed to the global trade and supply chain of the coffee industry. The experience featured site visits to family farms and presentations by industry leaders. In Pitt’s Cape Town, South Africa program, White took courses in social entrepreneurship and comparative education. The social entrepreneurship course introduced her to the concept of the bottom of the economic pyramid — both as an abstract scholarly concept and as a personal reality.


The International Marketing Program in Guayaquil, Ecuador, gave her an opportunity to study the country’s natural and cultural assets, including pottery, chocolate, historical landmarks, and natural wonders. Through the Pitt in Amsterdam program, White took courses in urban sustainability that highlighted green initiatives and sustainability efforts, including the social, political, and environmental impacts. “Never in my life did I expect I would be able to engage in so many study abroad programs, let alone be able to work with the associate dean and the director of international programs to plan my own program designed around my specific career interests and passions,” White says. “I am beyond thankful for the way Pitt Business as a whole embraces growth and development in their programs.” With guidance from Audrey J. Murrell, associate dean of CBA and director of the David Berg Center Ethics and Leadership, and Bryan Schultz, director of international programs at CBA, White began her capstone project in Pittsburgh. She started by collecting extensive secondary research on social entrepreneurship, the economic concept of the bottom of the pyramid, the fashion industry, and emerging economies. The defining moments of her project, however, took place during her independent travel to collect field research on social entrepreneurship. She investigated the viability of professional women in Berlin, Germany, as target consumers for the Beautiful Me line. White then traveled to Ho Chi Minh City, Vietnam, where she studied the textile and manufacturing industry as it related to the bottom of the economic pyramid and the supply chain of Beautiful Me. “Study abroad is a way to broaden one’s horizons and understand and appreciate the multitude of cultures in this world,” White says. “It’s an opportunity to push free from one’s comfort zone and think outside the box to experience what the world truly has to offer. Every time I have traveled, I have been able to break down another wall of ignorance of a new culture and bring a more worldly perspective to my everyday life.” She gained perspectives from people at different levels of the economic pyramid on issues related to the fashion industry, global supply chains, education, and economic development. The data collected was then synthesized for use in her honors thesis paper, “Understanding the Creation of Social Change within the Bottom of the Pyramid on a Global Scale.” Through her international research and experiences, White discovered that all business today is global; consumers are diverse and multi-faceted; and social

entrepreneurship is, at its core, disruptive. This disruptive innovation creates new ways of thinking, learning, and doing business to address unmet needs and create a lasting impact. One of White’s biggest takeaways was understanding that learning occurs both inside and outside the classroom, and this leads to a multitude of new opportunities and insights. “My international exploration of Beautiful Me was the perfect culmination of my interests and how they developed over my time at Pitt Business,” White says. “This project extended beyond anything I had ever done in my academic career, and I am thankful for how well it expanded my growth and development as a professional, an academic, and a global leader.”

WHAT’S NEXT FOR BEAUTIFUL ME™?

Although White is now working as a Business Technology Analyst for Deloitte, she continues to develop the business plan for Beautiful Me. She is currently investigating new technologies for effortlessly capturing the measurements of people’s bodies for easy upload into the customtailoring system. Through her Pitt Business honors capstone project, White has proven that there is a market for her product. Now it’s her goal to make the business a reality.

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THE POWER OF HUMANITY

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othing happens without energy,” John Camillus says. For people to have a better quality of life, as measured by health outcomes, electric power is a necessity. Just a few years ago, the Tuvar district in a rural, remote region of India lacked a broad range of basic amenities, including direct access to water, electricity, plumbing, and health care. After several years of hard work in Tuvar, the community now has water, electric streetlights, toilets, a solar-panel electricity generator, and a telemedicine clinic. “It has been quite an effort to get to where we are,” says Camillus, Donald R. Beall Professor of Strategic Management at the Joseph M. Katz Graduate School of Business and a native of southwestern India. “It is a small miracle.” The effort in Tuvar is a bit different from a typical philanthropic project. Camillus came up with the idea that business models that incorporate social benefit as a goal, integrated with the goal of economic value, achieve greater profits and sustainability. “The main proposition is that economic value and social benefit are mutually beneficial and synergistic,” Camillus says about his paradigm. This idea has grown into a

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major project, the Business of Humanity®, which emphasizes a holistic approach to engaging people, interacting with communities, and adding value. Founded in 2011, the project focuses on the idea that businesspeople who invest in humanitarian causes will achieve a higher return on investment, both morally and financially. While corporations regularly aim to support social causes, they rarely base strategic plans and business models around them. In an effort to grow his theory into a project, Camillus searched for environments where people struggle in their day-today lives. The Business of Humanity has helped transform Tuvar and, thousands of miles away but closer to home, the Pittsburgh neighborhood of Homewood. In Homewood, where lowincome residents often face high utility bills and struggle to access affordable and healthy food, the Business of Humanity helped create a bioshelter — a solar greenhouse — that uses DC power to offer locally grown produce and help offset utility bills. DC power is a breakthrough, Camillus says, because it provides more efficient and sustainable energy. Cucumbers, lettuce, tomatoes, and herbs grown in the bioshelter are now sold in the Everyday Café in Homewood. DC power also has made it possible for Tuvar to create a telemedicine clinic that opened its doors earlier this year. “That


The Business of Humanity paradigm has also become an important component in the curriculum at Katz, allowing students to use the theory in real-

telemedicine clinic is connected to the most advanced network of doctors in India,” Camillus says. Residents can seek care from doctors across India, and the doctors can diagnose and prescribe medicines remotely. Tuvar’s growing agribusiness efforts also rely on DC electric power. The land in Tuvar is not arable, so to produce food and other crops, residents must use the most up-to-date technologies. Camillus says they are working to build up Tuvar “in a way that is self-sustaining and can actually generate profits.” As for the future of Tuvar, Camillus envisions “residents working as drivers to transport people to the wellness center, the possibility of farmers’ markets, and solar technicians monitoring and troubleshooting the power plant.” Camillus also says that he hopes Tuvar residents will one day be able to sell produce and export its crops. For its next project, the Business of Humanity will be replicating its work in Tuvar in the Indian state of Rajasthan. “We’ve learned so much from our first two neighborhood projects,” Camillus says. “We can replicate Tuvar and Homewood to do the same for other areas of India for a fraction of the cost of the original investment.”

world projects. MBA students can choose to enroll in an elective course, “The Business of Humanity: Strategic Management in the Era of Globalization, Innovation, and Shared Value.” In addition, students in the Executive MBA program have applied the essentials of the Business of Humanity concept in projects that include: HIGHLANDS HOSPITAL A health care–based sustainability project in Fayette County, Pennsylvania PITTSBURGH HIRES VETERANS Provides free support to U.S. military veterans, current service members, and their spouses who are seeking education, training, and employment opportunities THE TRADE INSTITUTE OF PITTSBURGH Aims to improve the lives of men and women who have significant barriers to employment NEW CENTURY CAREERS A non-profit that works to improve the profile and skills of the manufacturing workforce in southwestern Pennsylvania STANDING FIRM A program that alerts Pittsburgh-area employers to the effects of partner violence in the workplace STRONG WOMEN, STRONG GIRLS An organization that offers a curriculum on female role models

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CHIEN-FU LI

HERB S. SHEAR

2018

ANDREA J. THOMPSON

54TH ANNUAL BUSINESS ALUMNI ASSOCIATION AWARD WINNERS KATHLEEN M. FOODYMALUS

JEFF J. HANSBERRY

ANDREW S. REICHERT ROBERT J. GILBERT

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Every April, the Business Alumni Association honors alumni and friends for their professional achievements, leadership skills, and service to the University community and the community at large. Pitt Business is proud to recognize the outstanding achievements of the alumni award winners from 2018 and 2019, as well as two extraordinary corporate partners.

CHIEN-FU LI International Distinguished Alumnus Honoree Chien-fu Li (MBA ’85) is founder and CEO of ChinaTunes Culture Inc., a company with the largest audio and podcast content repository in Taiwan. He is also chairman of the Chinese Musicians Exchange Association. Additionally, Li is a board member of TixCraft, the largest entertainment and sports ticketing company in Taiwan. Li is a well-known musician who has recorded albums and audio books, and has performed in countless concerts. Li also has extensive experience in internet business development. He was founding general manager of Sina Taiwan, Yahoo! Taiwan, and subsequently the vice president and director of Yahoo’s enterprise and broadcasting services in North Asia.

ANDREA J. THOMPSON Distinguished Alumna Honoree Andrea J. Thompson (MBA ’91) is senior vice president of U.S. programs at BAE Systems, plc., an international defense, aerospace, and security company based in England. She oversees air vehicle programs for the United States, including the F-35, AV8B, and T45 aircraft, and also leads collaboration on behalf of programs across corporate partners in the U.S., U.K., and Australia. Prior to joining BAE, Thompson was program director and executive vice president of Rolls-Royce, plc. in England. She oversaw the multi-billion-dollar aero engine programs for Airbus aircraft. Thompson also held a variety of executive roles with the global commercial truck manufacturing company PACCAR, Inc., including managing director of Leyland Trucks in England.

JEFF J. HANSBERRY Distinguished Alumnus Honoree Jeff J. Hansberry (A&S ’86; MBA ’89) built his career in sales, marketing, and general management roles in the packaged goods industry with leading public and private companies, including Procter & Gamble, Starbucks, and E&J Gallo. Currently, he is president and CEO of Caveman Foods, an innovative and leading producer of healthy snacks, based in San Francisco, Calif. Prior to Caveman Foods, Hansberry served as president and chief commercial officer at Advantage Solutions, a company that provides sales and marketing services to more than 1,000 clients in 35 countries. At Starbucks, he led the creation of the company’s global packaged goods go-to-market model domestically and in Asia. Hansberry currently serves on the national board of Junior Achievement.

HERB S. SHEAR H. J. Zoffer Medal for Meritorious Service Honoree Herb S. Shear is chairman of the Shear Family Office and former executive chairman and CEO of GENCO, a Pittsburghbased supply chain company sold to FedEx in 2014. Shear became president of GENCO in 1971. Under his leadership, GENCO became a world leader in reverse logistics and grew

into North America’s second-largest third-party logistics operator of distribution centers. Shear and his wife, Barbara, have generously supported the University of Pittsburgh through donations to the School of Pharmacy, School of Medicine, Cancer Institute, and Department of Athletics. In addition, Shear and GENCO helped to establish the Pitt Business Center for Supply Chain Management. He is a University Trustee and a member of the Pitt Business Board of Visitors.

KATHLEEN M. FOODY-MALUS Distinguished Service Award Honoree Kathleen M. Foody-Malus (A&S ’82, MBA ’83) is a retired executive with more than 30 years of diversified investment experience in the financial services industry. She is currently an Executive in Residence in finance at the College of Business Administration and also leads the school’s Industry Professional Network in investments. Most recently, Foody-Malus was vice president and senior portfolio manager at the Federal Home Loan Mortgage Corp. (Freddie Mac). She managed investment portfolios concentrated in adjustable- and fixed-rate mortgage-backed securities and also the Liquidity Portfolio that funded the organization. Prior to Freddie Mac, Foody-Malus was a vice president at Federated Investors in Pittsburgh, where she specialized in fixed-income securities and mortgage-backed securities.

ANDREW S. REICHERT CBA Outstanding Alumnus Honoree Andrew S. Reichert (BSBA ’07) is the president and founder of Go Realty, a Pittsburgh-based private equity real estate firm. Through this company, he raises capital from investors and purchases, develops, manages, leases, finances, designs, and builds both commercial and residential real estate. Prior to founding the company, Reichert worked as a health care representative for PNC, where he developed and sold innovative financial products and data solutions for the health care industry. An avid entrepreneur, Reichert has founded four companies and been part of several other startups. Additionally, he launched a non-profit focused on financial literacy and is active in local non-profits, including his church.

VANGUARD Corporate Appreciation Award Honoree Vanguard is one of the world’s largest investment companies, offering a large selection of low-cost mutual funds, ETFs, advice, and related services. Individual and institutional investors, financial professionals, and plan sponsors can benefit from the expertise, stability, and reliable investment approach Vanguard offers. From its beginning in 1975, Vanguard set course as a very different kind of investment firm. Its purpose remains: “To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.” Award was accepted by Christopher Sicilia, Principal, Financial Planning and Analysis, Vanguard.

business.pitt.edu | 29


BLANCA SHULAN HUANG International Distinguished Alumni Honoree Blanca Shulan Huang (MBA ’92) is a former executive at Energy Absolute Public Company Ltd. She specialized in information systems technology and systems development. Prior to Energy Absolute, she worked at Electrolux Taiwan, General Motors Taiwan, and NCR.

SOMPHOTE AHUNAI International Distinguished Alumni Honoree Somphote Ahunai (MBA ’92) is CEO of Energy Absolute Public Company Ltd. He previously worked as a securities trader and held the certification of Chartered Financial Analyst. Later he became a venture capitalist, before founding Energy Absolute with Blanca Shulan Huang and several partners. Based in Bangkok, Thailand, Energy Absolute Public Company Ltd. is an energy company engaged in the renewable energy business. The company manufactures and distributes biodiesel products, generates electricity from solar and wind power, and invests in energy storage units.

MARY M. HARTNER Distinguished Alumna Honoree Mary Mancini Hartner (MBA ‘75) is the president of Mancini’s Bakery, a family-owned and -operated Italian bakery in McKees Rocks, Pa. As a true Pittsburgh staple, Mancini’s has been baking its finer Italian bread since 1926. Hartner began working at the bakery in 1977 and became president after her father retired. With her son and co-owner, Nick, Mancini’s Bakery opened another location in the Strip District. The bakery still churns out all of the old favorites the oldfashioned way, baking over 10,000 loaves of bread per day with an amazing team of 48 Pittsburghers. Through Mancini’s Bakery, Hartner has helped provide support for countless organizations, such as food pantries, church programs, youth sports, and local schools in the Pittsburgh area.

JERRY J. FEDELE Distinguished Alumnus Honoree Under Jerry J. Fedele’s (MBA ‘86) leadership, Boca Raton Regional Hospital has soared to become the #1 hospital in Palm Beach County, #3 in south Florida, and #13 in Florida according to U.S. News and World Report. Prior to his role at Boca Regional, Fedele served as president and CEO of West Penn Allegheny Health System (WPAHS), now named Allegheny Health Network. He designed and implemented a plan to form WPAHS through the removal of Allegheny General and three community hospitals from the largest health system failure in U.S. history. The years Fedele led WPAHS were the only years of organizational profitability. Fedele serves on the Board of Visitors at Pitt Business and as a frequent lecturer at Florida Atlantic University.

IRA J. GUMBERG H. J. Zoffer Medal for Meritorious Service Honoree Ira J. Gumberg (A&S ‘75) is the chairman and CEO of J. J. Gumberg Co., a leading real estate development company that maintains a portfolio of numerous shopping centers

30 | Pitt Business Magazine • 2019

throughout the U.S. and the subcontinent of India. He launched Gumberg Global, where he engages in international real estate development with a focus on emerging markets. As a third-generation leader, he has been instrumental in growing the company through the analysis of retail trends, recruitment and development of his executive team, and the ability to act decisively to maximize new opportunities. In addition to a number of board appointments, he serves on the Board of Directors at UPMC, as a Trustee of the University of Pittsburgh, and as chairman of the Pitt Business Board of Visitors.

ROBERT J. GILBERT Distinguished Service Award Honoree Robert J. Gilbert (PhD ‘97) is a clinical associate professor at Katz/CBA, where he teaches marketing, advertising, and promotions. His research mainly focuses on the areas of branding and brand management. He also consults with firms across a number of industries, including international trade and advertising, as well as with a number of not-forprofit organizations. In his most recent nonacademic position, he served as the director of marketing for Bell Atlantic’s Directory Publishing Division. He serves on the Undergraduate Programs Committee for CBA and as the Secretary to the University of Pittsburgh Chapter of Beta Gamma Sigma. Gilbert is a recipient of the Chancellor’s Distinguished Teaching Award and a six-time winner of the CBA Teacher of the Year Award.

KIRSTEN R. ALBERT CBA Outstanding Alumna Honoree Kirsten R. Albert (BSBA ‘01) is an assurance partner at PwC in Pittsburgh, and has over 17 years of experience serving a broad range of clients covering a variety of industries. Kirsten’s client and firm roles have provided her with deep technical accounting and reporting experience, as well as an extensive global network of contacts needed to help solve the complicated issues faced by her clients. Kirsten also serves as a leader in PwC’s Midwest Market for Audit Innovation and PwC Pittsburgh’s Diversity and Inclusion Network. In these roles, she champions the digital upskilling of her team to drive accelerated innovation, and focuses on developing and mentoring diverse business professionals. Kirsten serves on the Board of Directors of The Neighborhood Academy.

EATON CORPORATION Corporate Appreciation Award Honoree Eaton, a power management company, is dedicated to improving people’s lives and the environment with power management technologies that are reliable, efficient, safe, and sustainable. Eaton is made up of more than 98,000 employees and conducts business in more than 175 countries. Its energy-efficient products and services help customers effectively manage electrical, hydraulic, and mechanical power. Consistent with their values and desire to improve the quality of life for people and the environment, Eaton’s brand promises to “make what matters work.” Award was accepted by Craig Gob, VP/GM Electrical Engineering Services and Systems, Eaton.


BL ANCA SHUL AN HUANG

IRA J. GUMBERG

2019

55TH ANNUAL BUSINESS ALUMNI ASSOCIATION AWARD WINNERS MARY M. HARTNER ROBERT J. GILBERT

KIRSTEN R. ALBERT JERRY J. FEDELE

business.pitt.edu | 31


THE MOST VALUABLE INVESTMENT

F

or Chatta Udomwongsa (MBA ’91), the skills and techniques he learned while working on his MBA in finance and operations management are as relevant today as they were nearly three decades ago. The success he’s achieved since his time at the Joseph M. Katz Graduate School of Business inspired him to create opportunities for other alumni. Udomwongsa is founder and managing director of Riccio Investment Ltd., a hedge fund located in Bangkok, Thailand. The firm, formed in 2013, is registered in the British Virgin Islands, based financially in Hong Kong, and trades in U.S. dollars and euros. “Our traders work around the clock to manage investments valued at $30 million USD,” Udomwongsa says. “We make investments, both long and short, in securities, stock options, commodities, and derivatives. My main challenge is to generate profits by exploiting both significantly under- and over-valued instruments we’ve identified in global investment markets.” The key skill that makes such identification of value possible is the ability to look at a company’s stock objectively to calculate a price that determines whether to buy or sell it. Udomwongsa credits the late Katz professor Thomas L. Saaty, PhD, for teaching him to logically and systematically examine a company’s performance to inform decision-making. Saaty’s processes have been applied to such disparate decision-making arenas as arms control and disarmament, the NFL draft, and countless business applications worldwide. Udomwongsa is passing that decision-making prowess on to his employees through his firm’s training camp. “We train our traders through a four-week intensive program using Saaty’s techniques that teach how to completely take emotion out of the equation when evaluating an investment vehicle,” Udomwongsa explains. “I often warn traders that you can never fall in love with a stock. You must only use your brain — not your heart. We need to make sure that our traders are 100 percent ready

32 | Pitt Business Magazine • 2019

to hit the trading floor before we send them out to invest other people’s money.” His combination of academic degrees and experience was instrumental to his success throughout his career. In addition to an MBA, Udomwongsa holds a bachelor’s degree in computer engineering and a master’s in computer science. His first job after graduating from Katz was in information technology with IBM Thailand, where he worked closely with computer systems at banks and securities firms. That job was followed by three years at Samart Corp., developing and managing rapidly emerging e-commerce businesses. During Thailand’s financial crisis in the late 1990s, Udomwongsa spent two years as a consultant helping companies recruit senior executives and personally placed more than 10 executives to lead large international corporations in Thailand. Later, after a year as e-commerce director at GE Capital and over 12 years as the chief operations officer at FXA Group, he left to set up his current hedge fund firm. After being contacted by Katz faculty, Udomwongsa had the opportunity to place two recent Katz MBA alumni interested in global markets in training with other Riccio employees in Chiang Mai. The experience forced the Katz graduates to put their book knowledge to the test, as they learned valuable, real-life trading conditions. One of the students, Ethan Guswiler (MBA ’18), now works as a senior financial analyst for Quest Diagnostics in Secaucus, N.J. Guswiler fondly looks back on his experiences in Chiang Mai, staying with and learning from analysts at the fund. His biggest takeaway from his time with Udomwongsa was that “you can successfully invest with relatively little capital and business infrastructure, and still be successful, if you dedicate the time and energy.” Udomwongsa was happy to provide the opportunity to his fellow Katz alumni, continues to confer with Katz faculty and alumni, and invites them to come to Thailand. “In my opinion, education is the most valuable investment,” says Udomwongsa.


A MESSAGE FROM JOHN ALGIE PRESIDENT, PITT BUSINESS ALUMNI ASSOCIATION BOARD

I’ve always expected that being a Pitt Business alumni would take me far in life, but last year it literally took me as far as I’ve ever been — to Bangkok, Thailand — where I had the opportunity to attend the first Pitt Business Asia Alumni Symposium and Alumni Gathering. Every time I have the opportunity to attend a Pitt Business function, I always come away so surprised at the immediate connection that Pitt alumni seem to have with each other, and impressed by how many great achievements Pitt graduates are responsible for. The Asia Business Symposium was certainly no exception. I had the honor of helping to present Somphote Ahunai (MBA ’92) and Blanca Shulan Huang (MBA ’92) with the 2019 International Distinguished Alumni Award, and I truly marveled at their accomplishments as I learned all about how they’ve worked to build Energy Absolute into Thailand’s leading renewable energy company. But hearing about their remarkable achievements was just one piece of what the event had to offer. I also had the opportunity to hear from Professor Ken Lehn, along with a panel discussion featuring some equally accomplished alumni: Luis Calingo (PhD ’84), Kulpatra Sirodom (PhD ’87), and Archana Hingorani (MBA ’86, PhD ’93). Each offered some tremendous insights about the importance of corporate agility for surviving in a rapidly changing world. As the event rolled on, I was fortunate enough to meet some very dynamic personalities from various industries, countries, and stages of their careers, all bound together

by the common thread of graduating from the University of Pittsburgh. We shared ideas, best practices, laughs, and a few drinks, and I came away with some new friends and business connections that I know I will stay in touch with. I look forward to seeing them again at the next Asia Business Symposium, if not sooner. The experience really underscored for me how important and personally rewarding it can be to stay connected to the business school. And not everyone has to travel to Asia (or even Pittsburgh) to reap the benefits of our global network. Anything from simply attending a game watch-party in your area to volunteering to organize an event, to agreeing to take an informational interview, or helping to place a student into an internship or a full-time job, all have their own lasting benefits. You just never know who you’ll meet or when that connection you make will turn into your next client, colleague, mentor, or friend. I’m especially excited for all of our recent graduates as they’re now able to start tapping into our Pitt Business network as fellow alumni, and I welcome them to our worldwide ranks. I’m looking forward to seeing them, and you, at a future event. Fair warning, though: Attending one Pitt event may lead to another, and then another, and then there’s no telling how far you’ll go. HAIL TO PITT! John Algie (BSBA ’03, MBA ’09, JD ’09) Associate, Global Corporate Group – Reed Smith LLP President, Pitt Business Alumni Association Board President, CBA Alumni Advisory Board

business.pitt.edu | 33


CLASS NOTES 60s

90s

James Ellis (MBA ’61) was named one of 10 “Outstanding Business Leaders in America.” As the owner and founder of Care for Families, LLC, Ellis is responsible for strategic vision, leadership, long-range goals, organizational policies, and plans.

Michael S. Poerksen (MBA ’92) is an adjunct professor at the University of Maryland Robert H. Smith School of Business and started a new position as talent acquisition leader for MyEyeDr. in Vienna, Va. He was also named the president of Loudoun SHRM, an affiliate of the Society for Human Resources Management.

Michael Lowenstein (MBA ’66), is Thought Leadership Principal at Beyond Philosophy, a worldwide stakeholder experience consulting organization. He recently published his eighth book, Employee Ambassadorship, through Business Expert Press.

70s Bibiana Boerio (MBA ‘76), a former Ford Motor Co. executive, received the Presidential Medal of Honor from Saint Vincent College, where she is a member of the board of directors. Boerio serves as a member and officer of several non-profit educational and community service organizations. She also has served as interim president of Seton Hill University.

Edward Sherron (EMBA ’97) accepted a new position as plant and general manager at Find Solid Corporation in Westminster, Md.

00s Kiran C. Shetty (MBA ’07) earned a master’s of jurisprudence from Seton Hall Law School and started a new position as a senior global product manager with Integra Lifesciences. Robert Cartia (MBA ’08) completed the MIT Sloan School of Business Executive Leadership Program in Strategy and Innovation, and accepted a role at Global Container Terminals as the vice president of operational excellence.

Jeffry Davis (MBA ’78) retired after a long and successful career with industry leaders in business and technology. Not one to sit still, Davis accepted an adjunct professor position at Chatham University in Pittsburgh.

Tom Higgins (MBA ’09) is currently a partner at Pittsburghbased advertising firm ITY, working with global, national, and regional businesses to provide affordable marketing plans, creative development, and media buying.

80s

10s

Mike Allen (MBA ’81) retired as executive vice president and general manager of International Metal Hose Co., in Bellevue, Ohio. He is a member of the board of directors at Croghan Colonial Bank and Croghan Bancshares, Inc.

Royce L. Woods (MBA ’11) was recently hired as the executive director of the Beverly Gray Business Exchange Center, a business resource center geared toward helping minorities, women, and veterans start businesses, secure capital, and earn State of New York Minority and Women-Owned Business Enterprise (MWBE) certifications.

Candis Kinkus (MBA ’83) joined University of Chicago Medicine as vice president of laboratory services. Robert Huemmrich (EMBA ’86) received the 2018 Mentor Award from the Innovation Institute of the University of Pittsburgh for mentoring faculty in the commercialization of research technology utilizing the National Science Foundation’s I-Corps program format. Alumni interested in becoming a volunteer mentor can contact Robert at robertjhuemmrich@verizon.net. Renee Eaton (MBA ’88), founder and CEO of RapidMade, recently moved and expanded the production capabilities of her additive-manufacturing (3D printing) and engineeringservices firm, which is based in Portland, Ore.

34 | Pitt Business Magazine • 2019

Joe Fidago (MBA ’12) was promoted to the head of procurement for Clear Channel Airports in Allentown, Pa., from his position in digital and strategy in San Antonio, Texas. Drew Goldstein (MBA ’13) started a company called Movemints, which sells great-tasting, sugar-free mints that help patients with Invisalign stay on track with their treatment. Movemints is the first company to create an edible product in the clear aligner industry, and was featured inside gift bags at the GRAMMY Awards. Anna Langell-Lynch and Patrick Lynch (MBA ’16) welcomed their son, James Patrick, on September 11, 2018.


It’s Never Too Late The University of Pittsburgh awarded Joshua Rose his bachelor’s degree — 80 years after he earned it. While researching a book she was writing about her parents, Mary Ellen Butler found no record of her father’s degree. After she contacted Pitt, administrators determined that Rose completed the required credits for a bachelor’s degree in business administration but had never received it. Butler accepted her father’s undergraduate degree on his behalf on April 29, 2018.

Joshua Rose,1928 (submitted by Rose Family)

Remembering a Pioneer in Corporate Social Responsibility

WILLIAM C. FREDERICK 1926–2018

Mary Ellen Butler accepts a degree on behalf of her late father, Joshua Rose. (from PittWire)

“This moment is long overdue,” said Arjang Assad, Henry E. Haller Jr. Dean of the Joseph M. Katz Graduate School of Business and College of Business Administration. Rose, who attended Pitt in the 1930s, led a storied civic life that included a distinguished career with the YMCA organization and serving as the first Black city council member in Oakland, Calif. According to the African American Museum and Library of Oakland, Rose is credited with helping to deter rioting in Oakland

during the late 1960s by seeking practical solutions to racial unrest. “ ‘Don’t brag about yourself,’ ” Butler recalled her father’s words. “ ‘Let others talk about what you have done.’ ” Since then, she followed in her father’s footsteps by publishing a book on her family history through the Heinz History Center, Heart and Soul: The Remarkable Courtship and Marriage of Josh and Virginia Craft Rose.

William C. Frederick, former dean of the University of Pittsburgh Joseph M. Katz Graduate School of Business and College of Business Administration and Professor Emeritus, passed away in March 2018 at the age of 92. A native of Arkansas and a World War II U.S. Army veteran, Frederick earned his bachelor’s degree and doctoral degree in economics and anthropology at the University of Texas–Austin. Later, he taught at Tampa University, the University of Florida, and Kansas State University before arriving in Pittsburgh. He first came to Pitt as an associate dean, then served as dean of the business school from 1963 to 1966. Once his tenure as dean ended, Frederick served as a professor at the University, focusing on business ethics and values, and corporate social responsibility. Those fields would

remain his focus throughout his illustrious career. He published several books, including Values, Nature, and Culture in the American Corporation; Corporation, Be Good! The Story of Corporate Social Responsibility; and Natural Corporate Management: From the Big Bang to Wall Street. Pitt’s prominence in the fields of social issues in management, ethics, and corporate social responsibility would not have been developed if not for Frederick’s dedicated work. His memory will live on, not only in his contributions to those fields and the literature he shaped, but in the countless careers he helped launch through his mentorship and teaching. Frederick is survived by his wife, Millie Sochatoff Myers, his niece and nephew, brother-in-law, and countless students impacted by his legacy. business.pitt.edu | 35


HOW TO GET INVOLVED AS AN ALUM There are numerous ways for alumni to get involved with the school and build on the success of Pitt Business. ATTEND a Pitt Business networking opportunity, happy hour, alumni–student luncheon, or orientation event. BECOME a Pitt Business Ambassador in your city! SHARE an open position or internship opportunity with us! Refer and connect fellow alumni and students with opportunities at your company. CONNECT with and serve as a mentor to undergraduate students through the Mentoring Match Program. JOIN one of more than 50 Pitt Clubs — located across the U.S. and abroad. DISCOVER ways to further your education through a master’s degree, certificate program, executive education program, or the Institute for Entrepreneurial Excellence. INVEST in us — a donation can make a tremendous difference for a business student. JOIN our new digital platform, Pitt Commons. With your help, we hope to facilitate meaningful connections between business alumni and other members of the Pitt community who live around the corner and around the world. Visit commons.pitt.edu.

To learn more about alumni activities in your area, please visit

www.business.pitt.edu/alumni/get-involved or contact Emily Moser (Cerrone) at ecerrone@business.pitt.edu.

“STUDY HARD, MAKE GOOD GRADES, AND YOU’LL GO FAR.” – Thomas P. Angelo (BUS ’51)

LET YOUR PASSION FOR PITT LIVE ON Deeply appreciative of the excellent education he received from the University of Pittsburgh, Thomas P. Angelo wanted to help hardworking students who struggle to afford school. Although Angelo passed away in 2016, his desire to help students lives on. Angelo named the Joseph M. Katz Graduate School of Business as beneficiary of his commercial annuities and made a gift to the school in his will. Each year, his gift helps students pay for their Katz education.

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Consider including Pitt Business in your planned giving to help the next generation of students. To learn more about planned giving, please contact Executive Director of Development Tom O’Toole at tpotoole@katz.pitt.edu.


COLLEGE OF BUSINESS ADMINISTRATION RANKINGS

#4

#2

Among U.S. Business Schools in “Life-Changing Experience”

Among U.S. Business Schools for

“Getting Grads the Jobs They Want”

– Poets & Quants | 2018

– Poets & Quants | 2019

Top 25

Business School in the U.S. – Poets & Quants | 2018

#1

Among All U.S. Schools for Academic Advising – Poets & Quants | 2018

JOSEPH M. KATZ GRADUATE SCHOOL OF BUSINESS RANKINGS

#1

#3

Best Business School for International Students – BusinessBecause | 2018

Best “Salary Percentage Increase” Among All U.S. Schools – Financial Times MBA Rankings | 2019

TWO-YEAR MBA PROGRAM

#12 In the World

#3

#5

In U.S. and in the World in Faculty Quality – The Economist | 2017 & 2018

– The Wall Street Journal / Times Higher Education | 2018

TWO-YEAR MBA PROGRAM

#5

Among the Nation’s Most Affordable MBA Programs – Poets & Quants | 2019

Harvard, Stanford, and Katz ranked as the

only three

MBA programs with the best return on investment in the U.S. – Sofi | 2018 business.pitt.edu | 37


Joseph M. Katz Graduate School of Business and College of Business Administration

NONPROFIT ORG U.S. POSTAGE PAID PITTSBURGH PA PERMIT NO 511

372 Mervis Hall Roberto Clemente Drive Pittsburgh, PA 15260

Upcoming Alumni Events PLEASE JOIN US! October 25, 2019: Annual 51+ Pitt Business Luncheon 12:00 PM, WYNDHAM UNIVERSITY CENTER, 100 LYTTON AVE, PITTSBURGH Pitt Business alumni who graduated more than 51 years ago are invited to attend. October 25, 2019: Pitt Business After-Party 7:30 PM, THE PORCH AT SCHENLEY, 221 SCHENLEY DRIVE, OAKLAND We welcome Pitt Business alumni to The Porch for fireworks, food, fun, and socializing. October 26, 2019: Pitt Business Alumni Tailgate TWO HOURS PRIOR TO KICKOFF, HEINZ FIELD Join us to cheer on Pitt as they tackle Miami. November 9, 2019: Pitt Business International Conference in Japan 10:00 AM, HYATT REGENCY TOKYO, 2 CHOME-7-2 NISHISHINJUKU, SHINJUKU CITY, TOKYO Join Pitt Business alumni for our first international conference in Japan!

www.katz.business.pitt.edu/ connect/social-media

March 27–29, 2020: 56th Annual Pitt Business Alumni Association Awards Program Celebrating distinguished alumni and Pitt Business classes from 1970, 1975, 1980, 1985, 1990, 1995, 2000, 2005, 2010, and 2015. To see more upcoming events, please visit: www.business.pitt.edu/alumni/events

Profile for Pitt Business

2019 Pitt Business Alumni Magazine  

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