THE PORT OF CHARLESTON
Haslam Magazine is the alumni publication of the Haslam College of Business at the University of Tennessee, Knoxville
PYA: KEEPING ROOTS AND SPREADING WINGS THE ECONOMICS OF ECOSYSTEMS
VALUES. MISSION. VISION. We are a community that serves the citizens and businesses of Tennessee and beyond. We support learning through the creation and sharing of knowledge. We succeed when our work, and that of our students and partners, generates nationally and internationally recognized outcomes that improve the world.
TRANSFORM SUC VISION SUPPO IMPACT INTEGRITY SS INCLUSION SUCC INSPIRE IMPACT SER ESS INSIGHT INTEGR SUPPORT TRANSF HASLAM.UTK.EDU
CONTENTS SUMMER 2016 SUMMER 2016
TOPGOLF Topgolf’s combination of convenience, world-class cuisine, and a festive atmosphere is drawing individual customers and corporate groups for repeat visits.
ANCHOR CHAINS AND TRAIN WHISTLES JIM NEWSOME
THE PORT OF CHARLESTON
PYA is Keeping Roots and Spreading Wings
Knoxville’s own Jewelry Television has thrived through innovating its own business model to suit the changing times. The results have been simply glittering.
DEPARTMENT NEWS | 4
GIVING REPORT | 30
4 Haslam College of Business
31 Finance endowment established
faculty are cited and featured by global news sources
to honor Jim Wansley
32 Ernie and Bonnie Cadotte
beautify Rocky Top
6 Tracie Woidtke, Department of
Finance head, readies for adventure
36 UT is a family affair for Paul and Pat Green
8 Charles Sims investigates the
0 Save the dates 3 38 Haslam students attend Super
economics of ecosystems
10 The Boyd Family invests in economic research
STUDENT NEWS | 23 NEWS
23 Haslam College of Business
students are achieving great things near and far PEOPLE
24 Marketing major Alexa Perez dreams of travel
26 Gearing up to problem solve
0 Development and Giving Report 3 34 Regions Foundation gifts more Bloomberg terminals
35 Newly established endowments ALUMNI NEWS | 39 PEOPLE
39 Alumni News 43 In Memoriam
with Healthcare MBA Austin Scott 8 Travel log: Haslam freshmen 2 visit Costa Rica and Cuba HASLAM.UTK.EDU | 1
FROM THE DEAN
INFLUENCE AND OPPORTUNITY! With
the close of the academic year, a group of new graduates are pursuing employment opportunities across the nation and around the world. Continuing students are embarking on wide-ranging opportunities for international study trips and internships, while our alumni continue to influence the national and global business communities. The breadth of Haslam College of Business influence and opportunity is reflected well in this issue of our college magazine. Our cover subject is Jim Newsome, head of the South Carolina Ports Authority. Jim oversees one of the busiest ports in the United States. He keeps global trade moving. His work has been instrumental in the continued success and expansion of the Charleston port. We’re proud to honor him on our cover and learn from his far-reaching influence. (Story begins on page 12.) At Pershing Yoakley & Associates, large numbers of Haslam graduates are delving into healthcare consulting and accounting best practices on a national scale. The firm serves customers in all fifty states with five satellite offices in four states. Barry Silver, PYA’s chief operating officer, says the college is part of the company’s DNA. For our graduates who work locally or around the country, it’s a relationship that stands the test of time. (See story, page 18.) And for our students, the international opportunities they are experiencing will be remembered long after their time at Haslam is finished. Approximately 100 undergraduate students will participate in faculty-led international trips this summer. Graduate 2 | HASLAM MAGAZINE
program cohorts will be similarly scattered across the globe. Two groups of freshmen have now experienced international business firsthand in Costa Rica, while this past year the first ever group of Haslam freshmen students went to Havana, Cuba, to see business in a Communist country up close and personal. (Article begins on page 28.) Many of the students on both trips spoke of coming to the realization that people living in these areas are trying to make a living and provide for their families like anyone and that we are all more alike than we are different. Our hope is that such experiences will entice students to continue exploring the world through longer term semester abroad programs and international internships. Travel expands the mind and enables our students to be better global thinkers. Our alumni continue to support and create opportunities for our students and faculty. One such recent example is that of Randy and Jenny Boyd (HCB ’79, CEHHS, ’79). Randy, in addition to being a successful entrepreneur and business owner, has worked in Governor Bill Haslam’s administration as a special advisor on higher education and as the state’s economic development director. Randy sees the value of the work the Boyd Center for Business and Economic Development is doing at the state, national, and international level. (See page 10.) With this generous naming gift, the research and forecasting coming out of the Boyd Center for Business and Economic Research will continue to benefit the state of Tennessee for many years to come. I hope you enjoy reading about the influence and opportunity of the Haslam College of Business community. As our social media team might say, it truly is a #HaslamWorld!
Haslam Magazine is the alumni publication of the Haslam College of Business at the University of Tennessee, Knoxville.
HASLAM COLLEGE OF BUSINESS EXECUTIVE LEADERSHIP STEPHEN L. MANGUM Dean
BRUCE K. BEHN
Associate Dean for Graduate and Executive Education
MICHAEL “LANE” MORRIS
Associate Dean for Undergraduate Programs and Student Affairs
Associate Dean for Research and Faculty
Assistant Dean for Financial Administration
HASLAM MAGAZINE TANYA G. BROWN
Executive Director of Marketing and Public Relations | Editor-in-chief
WILLIAM R. “CHIP” BRYANT
Executive Director of Development and Alumni Affairs
Director of Stewardship and Alumni Affairs
JESSICA LEIGH BROWN Writer
Design and Production
CHARLES BROOKS Photographer
Haslam Magazine is published twice a year by the University of Tennessee, Knoxville, Haslam College of Business and is printed by University Printing & Mail.
WE WANT TO HEAR FROM YOU! Haslam College of Business 328 Haslam Business Building Knoxville, TN 37996 - 4140 865-974-5061 | haslam.utk.edu Fax: 865-974-1766 | E-mail: email@example.com
With gratitude always, FACEBOOK.COM/ HASLAMCB HASLAM COLLEGE OF BUSINESS
Stephen L. Mangum Dean and Stokely Foundation Leadership Chair Haslam College of Business
INSTAGRAM.COM/ HASLAMUT TWITTER.COM/ HASLAMUT
2016 ADVISORY COUNCIL TO THE DEAN
DENNIS R. HENDRIX
MINTHA E. ROACH
RANDAL D. BOYD
CHARLES “JERRY” HENRY JR.
RICHARD W. CARDIN
JOSEPH E. JOHNSON
President G.A. Richards Group Grand Rapids, Michigan
Chairman, CEO and Founder Radio Systems Corporation Knoxville, Tennessee
Retired Arthur Andersen Nashville, Tennessee
PAUL A. CASTAGNA
Co-Founder, Chairman, and CEO Golden Gate Financial Group, LLC San Francisco, California
AGENIA W. CLARK
President/CEO Girl Scout Council of Cumberland Valley Nashville, Tennessee
THE HASLAM COLLEGE of
Business at the University of Tennessee, Knoxville, is indebted to a host of visionary advisors who help us implement our mission and keep us connected to the world in which our graduates will serve. These professional and business executives meet regularly with the deans and faculty to discuss current business issues and develop plans and strategies to guide the college’s future. Members of the Advisory Council to the Dean also have assisted the college in numerous other ways, including the recruitment and employment of top students, the placement of students in industry internships, and the support of fundraising efforts that are so crucial to the college’s students, faculty, and programs. Formed in 1975, the Advisory Council to the Dean plays a vital role in guiding our college as we continually strive to improve our performance and reputation as a national leader in business research, education, and practice. Lifetime Member
Private Equity Clayton, Dubilien & Rice Knoxville, Tennessee
JOE R. CRAFTON JR. President (Retired) Crossmark Inc. Plano, Texas
JOSEPH A. FIELDEN President and CEO J.A. Fielden Co., Inc. Knoxville, Tennessee
EMERSON H. FLY
President Emeritus The University of Tennessee Foundation Knoxville, Tennessee
CFO Silgan Containers, LLC Woodland Hills, California
DEE BAGWELL HASLAM Co-Owner and CEO Rivr Media Knoxville, Tennessee
JAMES A. HASLAM II
Chairman (Retired) PanEnergy Houston, Texas
Director Lennox International MWH Global Westlake, Texas
President Emeritus The University of Tennessee Knoxville, Tennessee
Founder and CEO JEGI (Jordan, Edmiston Group, Inc.) New York, New York
REED A. KELLER
Partner/Private Investor (Retired) PwC Atlanta, Georgia
CHRISTOPHER P. KINNEY
Senior Managing Partner SteelRiver Infrastructure Partners New York, New York
Chairman Coastal Financial Holdings Houston, Texas
Killarney Advisors, Inc., New York (Retired) Robbinsville, North Carolina
A. DAVID MARTIN
Chairman and Founder Martin & Company Knoxville, Tennessee
Chief Executive Officer Regal Entertainment Group Knoxville, Tennessee
JOHN (JACK) MILLS
President Central Equipment Leasing of Tennessee, LLC Knoxville, Tennessee
Founder and Chairman Emeritus Pilot Corporation Knoxville, Tennessee
President and CEO South Carolina State Ports Authority Charleston, South Carolina
RALPH D. HEATH
JOSEPH M. O’DONNELL
President (Retired) Lockheed Martin Aeronautics Company Fort Worth, Texas
President and CEO Knoxville Utilities Board Knoxville, Tennessee
General Partner WEDGE Capital Management LLP Charlotte, North Carolina
KING W. ROGERS III Attorney, Of Counsel Glankler Brown, PLLC Memphis, Tennessee
A. DEAN SKADBERG
Director of Industry Affairs (Retired) Procter & Gamble Knoxville, Tennessee
Sr. Vice President Global Operations The Goodyear Tire & Rubber Company Akron, Ohio
Private Equity-Healthcare Services Knoxville, Tennessee
WILLIAM B. STOKELY III Chairman and President The Stokely Company Knoxville, Tennessee
MICHAEL STRICKLAND Chairman Bandit Lites Knoxville, Tennessee
R. ANDREW TAYLOR
Partner Gerber/Taylor Associates Memphis, Tennessee
Senior Partner and CEO BPV Capital Management, LLC a subsidiary of Northshore Management Company, LLC Knoxville, Tennessee
Chief Executive Officer McCormick and Company, Inc. Sparks, Maryland
Investor Boca Raton, Florida
President Pershing, Yoakley & Associates Knoxville, Tennessee
HASLAM.UTK.EDU | 3
The SEC is likely to ramp up their inquiry if for no other reason than the company itself has admitted to improper accounting.”
We continue to see steady job growth across Tennessee in most industries and, barring some unforeseen events, we expect that employment growth will continue in 2016.”
JOE CARCELLO, accounting and information management department head, EY and Business Alumni Professor, and executive director of the Neel Corporate Governance Center, on the SEC’s investigation of Valeant Pharmaceuticals.
—Reuters, Mar. 21, 2016
BILL FOX, director of the Boyd Center for Business and Economic Research, Chancellor’s Professor, and Ergen Professor in Business, on Chattanooga’s jobless rate.
TERRY LEAP, Lawson Professor of Business Administration, on how narcissism influences business executives to commit fraud.
—Bloomberg Business, Jan. 29, 2016
The area, a center of transportation, health care, and music industries, has also benefited from ongoing construction that is driving growth for the state... The metro area is just bursting at the seams.”
The price of college is a critical piece of information for students who are unsure about going, and yet, it is a mystery until after admission and financial aid decisions are in, often late in their senior year (if they applied at all). Tennessee Promise eliminates that uncertainty…”
MATTHEW MURRAY, associate director of the Boyd Center for Business and Economic Research and the Ball Corporation Professor of Business, on Nashville’s booming labor market.
CELESTE CARRUTHERS, assistant professor of economics, on Tennessee Promise as an example of the efficacy of free community college.
—The New York Times, Jan. 20, 2016
—Bloomberg, Mar. 31, 2016
—The Atlantic, Feb. 9, 2016
The new reality for shippers is one of transportation rate increases into the foreseeable future…adopting new technology to manage transportation is one way companies can improve service and rates.”
—The Wall Street Journal, Sept. 29, 2015 Students’ motivation and retention of learning a particular tool increases when provided the opportunity to deal with real problems, real data, and a real industry client.” of Business and head of the Department of Business Analytics and Statistics, on practical training for students.
MARIANNE WANAMAKER and CELESTE CARRUTHERS, assistant professors of economics, on the contributors to the racial wage gap in the 1940s South.
—CNBC, Nov. 6, 2015
MARY HOLCOMB, professor and Gerald T. Niedert Supply Chain Fellow, on transport costs amid the shipping capacity crunch.
CHARLES NOON, Regal Entertainment Group Professor
Education equality would have been a powerful tool for raising black economic standing in the South.”
When they see something they like and want, such as the hard earned money of fund investors…they believe they are entitled to take it, regardless of the damage they cause.”
—DataInformed, Nov. 2, 2015
There is no obvious solution that doesn’t have serious side effects.” JOE CARCELLO, accounting and information management department head, EY and Business Alumni Professor, and executive director of the Neel Corporate Governance Center, on unraveling negotiations that would allow US investment regulators to audit Chinese companies.
They own it end-to-end, and that means they can move things faster and much cheaper than their competitors…Coors has been trying to do the same thing. They would like to get more standardized. Anheuser-Busch already has the infrastructure in place.” MIKE BURNETTE, associate director of the Global Supply Chain Institute, on incorporating SABMiller into Anheuser-Busch’s supply chain.
—Wall Street Journal, Sept. 17, 2015
—Bloomberg, Nov. 3, 2015
4 | HASLAM MAGAZINE
News from the faculty, departments, centers, and programs of the Haslam College of Business.
DEPARTMENT & FACULTY NEWS Dixon Hughes Goodman received the Center for Career Development’s Dr. Jane S. Redmond and PepsiCo Commitment to Diversity Award for its partnership with the Haslam College of Business on diversity and inclusion.
DREW JOHNSON, CEO OF AXLE LOGISTICS, SPOKE TO STUDENTS AND FACULTY.
On March 10–11, the University of Utah’s Jay Barney presented on strategic management as part of the Haslam Distinguished Scholar Speaker Series.
2016’s 295 Best Business Schools
Princeton Review ranked Haslam’s MBA program in its 2016 Best 295 Business Schools, and FindMBA.com placed it in the top ten for business analytics and big data, supply chain, and affordable MBA programs. n ki
Annette Ranft was named the Stephen P. Zelnak Jr. Dean of North Carolina State University’s Poole College of Management, effective July 1, 2016. As part of a restructuring of Haslam’s leadership, Charles Noble, the Jerry and Kay Henry Professor in Business, will take on a similar role as Associate Dean for Faculty and Research.
Haslam kicked off the Investing in the Journey to the Top 25 Campaign to raise $175 million.
Joe Carcello recently published in Accounting Horizons. He testified before a subcommittee of the United States House of Representatives in December and is serving on two committees and one board of the Securities Exchange Commission. He also is serving as an advisor to the Public Company Accounting Oversight Board and on the editorial board of Contemporary Accounting Research. Lauren Cunningham published in The Accounting Review.
ACCOUNTING AND INFORMATION MANAGEMENT
Accounting Degree Review named the graduate accounting program among the top fifty in the nation. ng ki
Jama Summers was published in MIS Quarterly.
An article by Robert Fuller was accepted for publication in the Journal of the Association for Information Systems.
Linda Myers, James Myers, Kathleen Powers, and Alycia Winegardner joined the department’s faculty.
Terry Neal was named the Richard L. Townsend Distinguished Accounting Professor and had a paper accepted for publication in Contemporary Accounting Research. HASLAM.UTK.EDU | 5
PREPARING FOR ADVENTURE TRACIE WOIDTKE WAS on the faculty at
Texas A&M University when the University of Tennessee, Knoxville, opened the Neel Corporate Governance Center in 2003. Jim Wansley, head of the Department of Finance, reached out to Woidtke to see if she’d be interested in a new faculty position they were creating. “I agreed to meet with founding members of the Neel Center and the finance faculty,” she says. “I felt it was a very good fit for my research interests.” Woidtke and her husband, Shane, soon relocated
6 | HASLAM MAGAZINE
DEPARTMENT & FACULTY NEWS
Adam Petrie published a textbook entitled Introduction to Regression Modeling with R.
Value Colleges named the business analytics graduate programs in the nation’s top fifty best values.
in nk a R
Paolo Letizia contributed a chapter to Environmentally Responsible Supply Chains. William Seaver published in Expert Systems with Applications.
Haileab Hilafu published in the Journal of Computational and Graphical Statistics.
BUSINESS ANALYTICS AND STATISTICS
in the SEC
The Master’s of Business Analytics program was ranked second in the Southeastern Conference and twenty-second n among all programs in the nation in 2016 by TFE Times. ki
to Knoxville with their two young children, Skyler and Knox. “When they were old enough to start reading, my son wondered why his name was on all the buses here,” she laughs. “They were both born in Texas, so his name is a coincidence.” Woidtke, the Sharp/Home Federal Bank of Tennessee Professor of Banking and Finance, became PhD program director for the finance department at the Haslam College of Business and worked to improve the doctoral program while recruiting highquality faculty. In January 2016, Woidtke was named the new department head when Wansley stepped down after more than twenty years of service. “Our research productivity has definitely been improving and I think the whole department is excited about the trajectory,” she says. “I want to continue to support that and take it to the next level. I also want to focus a little more on undergraduates, internships, and placements.” Woidtke’s research has appeared in numerous accounting and finance journals, and her interests focus on corporate governance issues with public policy implications. “I’m particularly interested in institutional investors that target firms when they’re unhappy with firm performance,” she says. “I analyze whether that kind of shareholder activism actually makes a difference, or do these shareholders have their own private agenda?” When she’s not researching or teaching, Woidtke strikes out with her family on adventures. “We’ve been zip lining over an alligator-infested lake, visited the pyramids in Egypt, and gone paragliding together in Italy.” Woidtke and her husband own a Jeep Rubicon, which they often use for off-road family outings. Woidtke hopes her children will embrace life’s adventures, whether they include traveling to other countries, trying a new sport, or going forward where others turn back. “We don’t want our kids to be anxious and afraid to attempt new things or forge their own path,” she says. “Some of life’s most memorable moments are from taking the road less traveled.”
Hamparsum Bozdogan became an associate editor of the new journal Behaviormetrika. He published in two prestigious journals and was the honorary chair of a conference in Istanbul. He also became a member of the European Association of Data Science and received honors at a conference in Cappadocia, Turkey.
Recent speakers have included: NEEL CORPORATE ANNE GOVERNANCE CENTER SHEEHAN, director of corporate governance at the California State Teachers’ Retirement System; PAULA LOOP, leader of PwC’s Center for Board Governance and Investor Resource Institute; and WILMA JORDAN, founder and CEO of the Jordan, Edmiston Group, Inc.
HASLAM.UTK.EDU | 7
THE ECONOMICS OF ECOSYSTEMS BY: KATIE BAHR IS NATURE TRULY priceless? Perhaps so, but
you can put a monetary value on it. Food, fuel, shelter, and myriad other commodities are sourced from the natural world, and some economists, including one at the Haslam College of Business, are attempting to measure this natural capital in concrete, capitalistic terms. A study published by Nature Climate Change in June 2014 estimated the total, global value of natural capital to be $40 trillion. While measuring benefits like medicines, building materials, and drinking water might be fairly straightforward, economists also are attempting to measure the value of natural services like carbon absorption in forests and natural flood defenses from wetlands. “An ecosystem is a lot like an economy,” says Charles Sims, an assistant professor at Haslam studying environment and resource economics. “Society may value something that nature produces like plants for medicine or trees for lumber, but nature can’t produce these things without a healthy ecosystem. Much like radiators and motherboards have value because they go into the production of cars and computers, an ecosystem has value because it supports the production of things society values.” Much of Sims’s work focuses on how climate change affects natural capital, a key example of this being the forest industry. Climate change has intensified the effects of natural disturbances like fires and insect infestation in recent years, causing threats to the tourism and timber industries. Sims’s research demonstrates that when managed correctly, a business and the ecosystem in which it functions can bolster each other. “The Forest Service began limiting timber harvesting and ramping up fire suppression thirty to forty years ago in an effort to preserve forests for things like wildlife habitat and recreation,” Sims says. “Unfortunately, we don’t see more trees in many of the western forests. Climate-amplified natural disturbances have replaced the man-made ones.”
8 | HASLAM MAGAZINE
However, intervention via strategic timber harvesting could actually mitigate the effect of climate change in these forests and result in a net gain of trees. “Fire suppression and decreased timber harvesting create denser forests,” says Sims. “That means less frequent, but more intense, uncontrollable fires and habitats rife for insects to spread. If timber companies are allowed to strategically harvest trees, especially in hot spots of insect infestation, the rest of the forest would be better protected against these climate changeamplified disturbances.” One of Sims’s studies showed that a hot spot harvesting strategy could save seventeen million trees (more than 5 percent of the study region) and increase the forest by an area approximately the size of Denver, Colorado. E.F. Schumacher first introduced the concept of natural capital in his 1973 book, Small is Beautiful, but it has gained momentum in recent years. November 2015 saw a world forum on natural capital, and nearly 200 non-governmental organizations and corporations have joined the Natural Capital Protocol, calling for a worldwide consistency in measurement of natural capital, to be launched in July. The protocol seeks to transform business operations by increasing understanding of their impacts and dependencies on natural capital. This balance of economics and ecosystems grounds Sims’s studies as well. “As economists, we are interested in how capital and labor combine to produce things society values,” Sims says. “Engineers help us understand the relationships between people and physical capital. By working with natural scientists, I can accurately capture natural capital’s role in this relationship and put a more accurate value on ecosystem goods and services that support industries. Economic theory helps us make sense of how ecosystem changes impact our lives, and that is going to become increasingly important in the years ahead.”
DEPARTMENT & FACULTY NEWS Wendy Tate was named co-editor in chief of the Journal of Purchasing and Supply Chain Management.
Neeraj Bharadwaj’s research was presented at the American Marketing Association conference in Las Vegas, Nevada.
Chad Autry succeeded Mark Moon as the new head of the Department of Marketing and Supply Chain Management. Moon is the new director of the Global Leadership Scholars program.
MARKETING AND SUPPLY CHAIN MANAGEMENT MOON
Dave Schumann published in To Improve the Academy.
Kevin O’Marah, chief content officer of SCM World, was honored with a Global Supply Chain Institute faculty fellowship during the Supply Chain Forum.
Mandyam Srinivasan published in the International Journal of Production Research.
Charles Noble was named the Jerry & Kay Henry Professor in Business.
SCM World ranked the supply chain program third and the logistics program first in the world in its University 100 survey. The supply chain program also was ranked fourth in the world for publications in leading, empirically-focused supply in chain journals by the SCM Journal List. nk Ra
Paul Dittmann published the white paper, “Best Practices for Selecting and Managing a Third Party Logistics Provider,” which received wide coverage in supply chain industry journals.
Anne Smith was named the King & Judy Rogers Professor in Business.
Nexxus, a program developed by female supply chain faculty at Haslam to address gender diversity while connecting women in the field, was launched at the fall Supply Chain Forum.
Nawar Chaker, Dave Schumann, Alex Zablah, and Daniel Flint had their paper accepted for publication in the Journal of Marketing Theory and Practice.
Kelly Hewett published in the Journal of Marketing. She also spoke and moderated a group discussion at the Advertising Research Foundation’s 2016 Re!Think conference in New York.
Mike Burnette authored the white paper, “Platform Cycle Management: Best Practices.”
Rhonda Reger published in the Academy of Management Journal. David Gras and Codou Samba were named assistant professors. Eva Cowell was named a lecturer, and Roberto Ragozzino was named the Haslam Professor of Entrepreneurship and Innovation.
Glenn D. Swift, a lecturer and Stokely Faculty Scholar, retired from his post in December.
Daniel Flint, the Regal Entertainment Group Professor, published in the International Journal of Physical Distribution & Logistics Management along with visiting professor Paola Signori and Susan Golicic of Colorado State University. Their paper was selected as the best of 2015 for that publication.
MANAGEMENT Tim Munyon was awarded a chancellor’s scholarship to focus on the preparation of a national grant.
Russell Crook hosted a microconference as part of his guest editorship of an issue of the Journal of Management.
HASLAM.UTK.EDU | 9
INVESTING IN ECONOMIC RESEARCH
BOYD CENTER NAMED FOR HASLAM ALUMNUS AFTER A GENEROUS financial gift from Knoxville entrepreneur
Randy Boyd, and his wife, Jenny (CEHHS, ’79), this spring, the Center for Business and Economic Research bears a new name— the Boyd Center for Business and Economic Research. President and CEO of Knoxville-based Radio Systems, Boyd attended the Haslam College of Business from 1975-1979. “Some of my favorite courses were in economics,” Boyd recalls. “I had the great Tony Spiva as one of my professors.” In 2013, Governor Bill Haslam appointed Boyd as a special advisor on higher education. In that role, he reconnected with his alma mater. “We were constantly citing work by CBER on higher education policy,” says Boyd. “Most importantly, their work on the Drive to ’55 helped us forecast not only the types of degrees we would need but the specific careers, as well as the oversupply and undersupply of degrees between now and 2055, which was immensely useful.” When Boyd became the state’s commissioner for economic development in 2015, he ran into more of the center’s work. “To my surprise, they were doing economic analysis for the Tennessee Department of Economics and Community Development,” he says. “At every turn, our state is using the work of Bill Fox and the team to inform our policy decisions.” Impressed by the diversity and value of CBER’s work, the Boyds decided to make a naming gift to the center. “By giving back to the center, I give back to my university and support our state,” he says. “And the Boyd Center’s reach goes beyond Tennessee. The foremost experts in the nation on state tax policy are at the Boyd Center, and people from around the country utilize their research.” Bill Fox, Boyd Center director, says the center has a long history of focusing on tax policy, but has expanded its scope more recently. “In the last twenty years, we’ve really broadened our role over the range of public policy issues that confront not just Tennessee but the nation,” Fox says. “Today, we do a lot of work on education, the welfare program, the labor force, and unemployment issues, in addition to tax.” Fox and other center researchers worked closely with Boyd on the Tennessee Promise initiative. “While he was designing the program, we did a lot of the analytical work,” says Fox. “We worked with the administration as it was implemented, and we analyzed the original program, Knox Achieves, which Randy started here in Knox County. He was able to use it as an example 10 | HASLAM MAGAZINE
of how successful Knox Achieves has been in getting people into two-year schools.” While the Boyd Center’s research impacts many facets of state public policy, its reach extends much further. “All together, we work in about fifty countries on public policy issues, and we’ve worked in around twenty states doing this same kind of advising.” Fox has personally worked in Bosnia, Rwanda, Egypt, and Gaza, consulting with local leaders about economic issues following political and ethnic unrest in some of those areas. Some of the Boyd Center’s faculty address issues related to United States federal policy. “Don Bruce has done a lot of work on tax impacts on entrepreneurship and focused on the federal income tax,” says Fox. “And Leann Luna has worked extensively on 529 college savings plans. We also handle e-commerce questions, and we’re very involved in debates across the country about the right approach to collecting state taxes from remote vendors.” Fox is grateful for the Boyd’s investment. “We are so pleased to be associated with him,” says Fox. “He has taken public service to a new level through his personal commitment to improving the quality of life for everyone around him through such areas as higher education and economic development.” Dean Stephen L. Mangum sees the Boyd Center’s presence at the college as a tremendous strength. “Because of its existence, we’re able to build in additional economists who have joint appointments between the center and the economics department, giving us a stronger economic base in the college,” he says. “It has such great visibility, particularly in Nashville, making it easy for government officials to see the value of the state’s investment in UT.” Mangum sees the Boyd naming gift as an investment rather than a donation. “Randy Boyd is a recognized, successful entrepreneur who has devoted so much of his time to public service and shown great creativity in starting initiatives such as Tennessee Promise,” says Mangum. “Given his many professional accomplishments and contributions to the well being of the citizens of Tennessee, it is exciting to honor Randy and Jenny through the naming of the Boyd Center.”
DEPARTMENT & FACULTY NEWS Tracie Woidtke became head of the Department of Finance. She also released a new paper during a Manhattan Institute conference, at which she was a featured panelist. She was invited to present her research to the US Chamber of Commerce.
FINANCE LARRY FAUVER WAS INVITED TO PRESENT HIS RESEARCH TO THE FEDERAL RESERVE BANK IN NEW YORK.
Matthew Serfling presented his research at the 2015 Financial Management Association annual meeting and published papers in the Journal of Accounting and Economics and the Journal of Finance.
Securities & Exchange Commission Alvaro Taboada published a blog post for the business review of the London School of Economics and Political Science.
BOYD CENTER FOR BUSINESS AND ECONOMIC RESEARCH Celeste Carruthers was named to the Tennessee Department of Education’s Career Forward Task Force. She attended a White House convening of education scholars working on community college research and discussed the Tennessee Promise program in the opinion section of The New York Times.
Andy Puckett Castagna Professor in Investments, presented a paper and taught a PhD seminar at Hong Kong Polytechnic University. He also was invited to serve on the research review committee for the Healthy Markets Association and was a keynote speaker at Mississippi State’s Magnolia Conference.
Jim Wansley, Clayton Homes, Inc. Chair of Excellence in Finance, was appointed director of the Aerospace and Defense MBA program.
Academic Practice Partners Leadership, a new health care leadership series, aims to mentor academic partners in rural and underserved clinics in East Tennessee. The program includes UT’s College of Nursing as well as Haslam’s graduate and executive education programs, which are responsible for coplanning the curriculum.
Celeste Carruthers and Marianne Wanamaker published a paper on the racial wage gap in the National Bureau of Economic Research that was covered by The Atlantic and the Wall Street Journal.
Tyvi Small was selected by the Greater Knoxville Business Journal to be part of the “40 under Forty: Knoxville’s Best and Brightest” group.
SEC Chair Mary Jo White referenced a research paper authored by Tracie Woidtke and Sarah Clinton during her keynote address at the 47th Annual Securities Regulation Institute in New York.
GRADUATE AND EXECUTIVE EDUCATION Michael J. Stahl, the William B. Stokely Professor of Business, retired from his post in December. Kate Atchley, executive director of Haslam’s executive MBA programs, assumed his responsibilities.
Ramon DeGennaro spoke in San Francisco at the Policy Research Seminar on Financial Markets.
The center was renamed the Boyd Center for Business and Economic Research at a special event honoring the Boyd family on April 15.
STAFF & SUPPORT Tammi Brown received the Honorary Learning Partner award from University Housing’s Division of Student Life.
Mark Willoughby received the Honorary Learning Partner award from University Housing’s Division of Student Life.
ALISSA REEVES WAS SELECTED FOR THE 2016 WOMEN WITH BIG IDEAS PUBLICATION.
HASLAM.UTK.EDU | 11
ANCHOR CHAINS AND TRAIN WHISTLES
JIM NEWSOME THE PORT OF CHARLESTON
HASLAM.UTK.EDU | 13
AS A CHILD,
JIM NEWSOME (HCB ’76, MBA ’77) RODE HIS bicycle up and down the loading area at the Port of Savannah, watching cranes lift cargo on and off the docked ships. His dad worked as the director of operations at the port, and young Newsome thrived as a self-professed “wharf rat.” He’d often work with his father on Saturdays, boarding ships and meeting their captains. When Newsome reached high school, he began to contemplate a career in the shipping industry. “It was kind of in my blood,” Newsome says. “My father had a big impact on my career choice.”
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NEWSOME PACKED HIS BAGS AND MOVED TO KNOXVILLE, WHERE
he started work on an undergraduate degree at the Haslam College of Business. The 17-year-old thrived at college, taking his studies seriously and receiving several academic scholarships. He graduated in 1976 and immediately pursued an MBA, also at the University of Tennessee, Knoxville. “My advisor was Gary Dicer, a United States Merchant Marine Academy graduate who had an affinity for maritime transportation, my chosen area of interest,” Newsome says. “He nurtured my vocational interest, encouraging me to do independent studies in the field.” Dicer, who was on the Haslam faculty for thirty-five years and served as chair of the department of marketing and supply chain for ten years, has fond memories of Newsome’s tenure as a student. “I have a background in ocean shipping, so we hit it off well and he became my graduate assistant,” Dicer recalls. “He was a bright young man and a hard worker.” As a young MBA graduate, Newsome received a promising job offer from P&G’s transportation office but he turned it down in favor of a maritime career. “I accepted a job with a small shipping agency in Houston,” he says. “I then worked directly for two major foreign container shipping companies, one Dutch and one German.” Newsome rose in the ranks and served as president of the US division of Nedlloyd Lines from 1987 to 1997 and senior vice president of Hapag-Lloyd (America) Inc. from 1997 to 2009. He then served as Hapag-Lloyd’s president of the Americas region from January to September 2009.
HASLAM.UTK.EDU | 15
HAPPY WITH HIS ROLE AT HAPAG-LLOYD, NEWSOME
wasn’t looking for the chance to run a port, but the South Carolina Ports Authority came looking for him in 2009. Working on the commercial side of shipping, he didn’t see himself at a port. There also was the issue of which port had called. As a Savannah, Georgia, native, going to Charleston would mean stepping on to a different side in a rivalry between the two ports that goes back decades. When presented with the opportunity to head up Charleston’s port, however, Newsome couldn’t turn it down. When he took the helm, the Port of Charleston was in trouble. “We had lost forty percent of our container business and were about to lose our major container client, Maersk Line,” Newsome recalls. “Additionally, our largest roll-on, roll-off client, BMW, was expanding, and we did not have a proper terminal footprint to facilitate their growth.” Mike White, president of Maersk Inc. (US), remembers getting a call from Newsome. “We had known each other for years from working together in container shipping,” says White. “Maersk was on the point of pulling out of the port, but when Jim came in, he said, ‘We need to talk. This would be bad for both the port and Maersk.’” After several fruitful conversations with White and other Maersk leaders, the shipping company decided to continue operating in Charleston. “Jim completely changed the demeanor and approach from the South Carolina Ports Authority side, and I was able to help our team realize we didn’t want to leave Charleston,” White says. “Jim was instrumental in trying to find solutions where people only found problems before.” IN SEVEN YEARS, NEWSOME’S
leadership has catapulted the Port of Charleston to the ninth largest port in the country. “In many US ports, a city owns the real estate and some aspect of the infrastructure, but they franchise it out to an operator,” says Newsome. “But the Southeast ports have always been publicly owned and operated. We have the lowest cost and highest productivity.” According to a 2015 study by the University of South Carolina, the Port of Charleston has a direct and indirect economic impact on the state of $53 billion per year. The next five years are crucial ones in the Port of Charleston’s future, Newsome says. His plan for the port is to continue to perform above the US port market, with a goal of doubling the growth of the market for the foreseeable future. A thriving manufacturing sector in South Carolina supports these plans but also will require further investment for the ports to keep pace. Construction has begun on a new container terminal, and a project is in progress to deepen the harbor. “We will be the deepest harbor on the US East Coast by 2020, with a depth of 52 feet at mean low water, enabling us to serve the bigger container ships currently being built,” Newsome says. “The future of Southeast ports, and Charleston specifically, is very bright if we can make the necessary changes to handle the big ships.”
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©2016 Fred Rollison
At left: At the Columbus Street Terminal over 8,000 BMWs await their shipping orders. Below: A BMW boards its export ship bound for international waters. It is the 2 millionth to leave the Port of Charleston under the steady leadership of Jim Newsome.
THE PORT OF Charleston and BMW Manufacturing Company have a relationship that reaches back to 1994, when BMW opened a sizeable manufacturing plant in Greer, (near Spartanburg), South Carolina. On March 17, 2016, the two entities celebrated an impressive milestone when BMW exported its 2 millionth vehicle through Charleston’s port. The largest US vehicle exporter by value, BMW ships nearly $10 billion in products per year. Plant Spartanburg in Greer is the largest manufacturing facility in the BMW global production network, producing more than 400,000 vehicles annually and exporting 70 percent of those. Two-mile long Norfolk Southern trains transport the finished vehicles to the Port of Charleston. The trains travel six days per week, carrying about 800 vehicles each. BMW’s exports showcase the Port of Charleston’s global reach and its vital position as a worldwide supply chain enabler. “The port acts as an important gateway for global sourcing,” Newsome says. “Supply chains are about reliability and managing risk and a world class port like ours is essential in doing that. Our customers can count on the fact that their cargo will be handled well, giving them one less thing to worry about in doing business globally.” Manfred Erlacher, President and CEO of BMW Manufacturing Company, is cognizant of the port’s role. He calls the partnership between BMW and the South Carolina Ports Authority critical to his company’s success as a global manufacturer of vehicles. “The deep water Port of Charleston was one of the key strategic factors that led to BMW locating the plant in South Carolina,” Erlacher says. As the years pass, Erlacher appreciates the solidarity of Newsome’s leadership. “The entire team at the Ports Authority has been well positioned to prepare for our long-term needs and in responding to critical moments as urgent needs arise,” says Erlacher. “There is no doubt that the leadership of Jim Newsome is paramount to the relationship. We appreciate the opportunity to work with him.” HASLAM.UTK.EDU | 17
Keeping Roots and Spreading Wings 18 | HASLAM MAGAZINE
Left to right: Ed Pershing, Marty Brown, and Barry Silver.
SARAH BOWMAN (MBA ’10) IS A MANAGER ON THE
compliance advisory team at the Knoxville office of Pershing Yoakley & Associates. She’s also a “boomerang,” the firm’s term for employees who left the organization to pursue other opportunities and then came back. A fellow Haslam College of Business MBA classmate first told Bowman about PYA’s focus on healthcare consulting. “At the time, they were trying to find consultants with a health information background like mine to work in clinical advisory services,” Bowman (pictured on page 21) says. “In my role today, I manage projects, meet with clients, and help interview and onboard new team members. I feel like I do a little of everything. It’s exciting, challenging, and keeps me engaged.” Diversifying their offerings has been the name of the game at PYA as it’s grown from a two-man operation to a thriving firm with five offices in four states, six affiliate companies, and more than 350 employees. The firm has clients in all fifty states, but despite its national success, PYA has kept its headquarters where it all started—in Knoxville.
’12 BS in Business Administration // Accounting & Finance
JACOB HANNAY >> RTG Senior Analyst
’15 Master of Business Administration // Finance & Supply Chain Management
BRAD BLACKWELL >> Consulting Staff
’92 BS in Business Administration // Accounting
’04 BS in Business Administration // Finance
MICHAEL HONEYCUTT >> RTG Vice President
’00 Master of Accountancy // Information Systems
MARK BRUMBELOW >> Tax Senior Manager
’98 Master of Accountancy // Taxation
AMY DELONG >> Tax Senior Manager
DAVID MCMILLAN >> Consulting Principal
’14 BS in Business Administration // Accounting & Supply Chain Management
BRYAN STEVERSON >> Audit Staff
’97 BS in Business Administration // Accounting
SARAH HARMAN >> Tax Senior Manager
Operations & Risk Management ’06 BS in Accounting // International Business
GORAN MUSINOVIC >> RTG Senior Associate,
’10 Master of Accountancy // Audit
JASON HARDIN >> Consulting Manager
’15 BS in Business Administration // Accounting; ’16 Master of Accountancy
ANDERSON PAYNE >> Consulting Staff
’15 Master of Business Administration // Finance
RICHIE LIVINGSTON >> Consulting Staff
’15 BS in Business Administration // Accounting & Supply Chain Management
BAILEY SERAFINE >> Billing Specialist
’08 Master of Accountancy // Taxation
MEGAN BRUMMITTE >> Tax Manager
MICHAEL RAMEY >> Consulting Senior Manager
’01 Master of Accountancy // Accounting Information Systems
’01 Master of Accountancy // Taxation
’15 Master of Accountancy // Taxation
BLAKE SCARBROUGH >> Tax Staff
’05 Master of Accountancy // Audit
’10 BS in Business Administration // Finance
TREVOR MCELHANEY >> Consulting Staff
DEBBIE ERNSBERGER >> Consulting & Tax Principal MATT STUART >> Audit Senior Manager
’93 Master of Accountancy // Taxation
’13 Master of Business Administration // Business Administration & Management
MELISSA BOSI >> Consulting Manager
’02 Master of Business Administration // Supply Chain & Operation
PETE PEARSON >> ALTA Principal
’09 BS in Business Administration // Finance
KEVIN BAKER >> RTG Senior Analyst
’93 Master of Accountancy // Audit
SHANNON SUMNER >> Consulting Principal
HEATHER MARTIN >> Tax Senior Manager
’12 Master of Business Administration // Business Analytics & Finance
ANDREW STAFFORD >> Consulting Senior
’90 BS in Business Administration // Accounting
CATHERINE BUNCH >> Audit Principal
’12 Master of Accountancy // Audit & Controls
WILL TAYLOR >> Consulting Senior
Meet thirty-four of the fifty-eight Haslam graduates employed by PYA. ’11 BS in Accounting // Finance
KATIE CULVER >> Consulting Manager
’12 Master of Accountancy // Audit
KATHRYN PUCKETT >> Audit Senior
’94 BS in Business Administration // Finance
RANDY KING >> Healthcare Horizons President
’10 Master of Accountancy // Taxation
ZACH DOOLIN >> Consulting Manager
’94 Master of Accountancy // Taxation
LISA SCOTT >> Consulting Principal
’15 Master of Business Administration // Finance
MARC SPEED >> Consulting Staff
’10 Master of Business Administration
SARAH BOWMAN >> Consulting Manager
A Broad Reach
PYA’s client base operates in more than 400 different US cities and the company has offices in Florida, Georgia, Kansas, and Tennessee.
ED PERSHING (HCB ’74) CO-FOUNDED PYA WITH FELLOW HASLAM GRADUATE
Doug Yoakley (HCB ’78) in 1983. Fresh from college, Pershing had joined EY, then one of the big eight accounting firms. “I specialized in healthcare consulting there,” Pershing says. “Nearly a decade later, I started PYA with the idea of establishing a strong consulting practice but operating as a CPA firm to convey our commitment to sound business practices and ethical conduct.” Pershing’s focus on healthcare consulting led PYA to become a leader in the niche. They’re recognized by Modern Healthcare as the ninth largest privately-held healthcare management consulting firm in the country. “Today, approximately 80 percent of our practice is related to the healthcare industry,” he says. “About two-thirds of what we do is consulting, while the other third is split between audit and tax services.” PYA’s affiliate companies reach into other sectors, including financial advisory, title insurance, health claims auditing, commercial business, and real estate. Currently, PYA has additional offices in Florida, Georgia, Kansas, and Nashville. Shannon Sumner (HCB ’92, MAcc ’93) heads up the Nashville office. “I’m a boomerang,” she laughs. “I joined PYA in Knoxville in 1993 and was there for about four years.” Sumner left PYA for Nashville, where she worked with a healthcare internal audit outsourcing firm for sixteen years. “They were being acquired by another firm in 2014, and I reached out to PYA president Marty Brown (HCB ’85) to inform him of the acquisition because we stayed in touch over all those years,” Sumner says. “He immediately called me and said, ‘We want you to come back and officially open the Nashville office as the managing principal.’” She agreed, and hasn’t looked back. “There’s never a dull moment because it’s an extremely progressive firm,” says Sumner. “Back in the early ‘90s, it was a rapidly growing firm and that remains true today as we continue to devote resources to expanding our consulting service offerings.”
HASLAM.UTK.EDU | 21
Client-Centric Culture Rules
WHILE PYA’S GROWTH HAS EXPANDED ITS CLIENT BASE NATIONALLY, ITS COMPANY CULTURE
We don't hire only from Haslam, but the college is part of our DNA."
—Barry Silver, Chief Operating Officer
holds steady. “The professionalism and the care for clients are just the same,” Sumner says. “Many of the same people I worked with then are still here, and that says something about the firm.” Debbie Ernsberger (HCB ’92, MAcc ’93), a principal at PYA’s Knoxville office, strives to deliver straightforward advice to consulting clients. “We’re not here just to let the client hear what they want to hear,” she says. “Instead, we’ll advise the best strategy and options for the client and bring a lot of candid insight to the equation.” Clients appreciate that honesty, Pershing affirms. “Across our organization, we strive to be effective and able to deliver a difficult message, if it’s in the client’s interest,” he says. “Ultimately, we measure our success based on our clients’ success.” PYA also places tremendous value on its human resources. “We want to create career paths for employees,” Pershing says. “Our people understand they can have a positive impact on behalf of clients and that creates a lot of job satisfaction.”
Connected to Haslam
CARE FOR EMPLOYEES WAS ALSO A REASON FOR KEEPING KNOXVILLE THE NATIONAL
headquarters. “It was important to us to keep Knoxville our home base,” says Marty Brown. “We’re a family-oriented company, and this is a fabulous place to raise a family.” Proximity to the University of Tennessee, Knoxville, was another impetus. “We don’t hire only from Haslam,” says Barry Silver (HCB ’87), PYA’s chief operating officer, “but the college is part of our DNA.” Currently, PYA employs fifty-eight Haslam graduates, and another twenty-one new graduates and interns will join them in 2016. “While we obviously love the college, our hiring is always merit based,” Pershing says. “We find Haslam grads exceptionally well prepared, with an excellent work ethic rather than any sense of entitlement.” New PYA employees can remain at the Knoxville office or opt to go elsewhere. “UT grads typically have an interest in our Nashville and Atlanta locations,” Brown says. “But depending on their preference and our needs, we’ll send them out across the country.” Both Pershing and Brown stay connected to the university beyond recruitment. Pershing is part of the Dean’s Advisory Council at Haslam and a former member of the Chancellor’s Associates, while Brown serves on the Accounting Roundtable and speaks at least once a year to the MBA program and Beta Alpha Psi honor society. PYA also sponsors the college’s annual alumni awards gala. Pershing sees a bright future for PYA as the firm continues to evolve. “If you are bringing solutions to clients, it means you have to be thinking toward the future, not looking in the rear view mirror,” he says. “That’s one factor that contributes to such a vibrant environment here.” 22 | HASLAM MAGAZINE
To share your news with the University of Tennessee, Knoxville, Haslam College of Business community, submit it along with any relevant images to Haslam@utk.edu. Please use “Student News” in the subject line.
STUDENT NEWS Ten students and a faculty member from Maharashtra Institute of Technology in Pune, India, visited Knoxville and partnered with Haslam students through the Hands Across the Water initiative. Haslam students hosted a three-kilometer walk on April 10 to raise money to send 50,000 chemical packs for water purification in rural India.
THE GLOBAL LEADERSHIP SCHOLARS VISITED CLAYTON HOMES IN FEBRUARY FOR THEIR LEADERSHIP RETREAT.
Haslam students joined the Big Orange Combine, a group of UT students working behind the scenes at the Super Bowl. (See more on page 38.)
Eighteen first-year business students studied in Havana, Cuba, over winter break. Led by George Drinnon and Andrew Seidler of the college’s undergraduate programs office, the program explored Cuba’s emerging entrepreneurial and international business environment. (See page 28 for more.)
Nineteen Haslam students participated in the PepsiCo Power of One: Diversity Leadership Development program in February. The series prepared qualified students for the changing dynamics of workplace diversity. The inaugural Women in Business, Entrepreneurship and Leadership Summit was held March 4 and featured keynote speaker Susan Packard, cofounder of Scripps Networks Interactive and former chief operating officer of HGTV.
Haslam students participated in the Tour de Knox Bike Rally on April 24. The rally is a scavenger hunt on wheels promoting a strong bike culture and safety, and benefits Legacy Parks Foundation.
Haslam students hosted the Barefoot Benefit 5K and Festival to help Samaritan Place, an emergency shelter for senior citizens.
Sabrina Gogal-Smith, Isheeta Mistry, Mario Grant, and Xavier Greer participated in the Kelley School of Business Case Competition.
Supply chain faculty member Randy Bradley and doctoral students Nick Mmbaga, Michelle Harding, Vince Castillo, Justin Short, Erika Williams, and Jerome Conley Jr. attended the PhD Project’s annual conference in Chicago.
Haslam’s Office of Diversity and Community Relations organized a trip with twentytwo undergraduate students to Nashville. Students met with executives to learn more about their companies and improve their networking skills. HASLAM.UTK.EDU | 23
STUDENT PROFILE WHEN ALEXA PEREZ emerged from the
airport in Havana, Cuba, late last year, she was met with a barrage of new sights and sounds, a feast for the senses. Cars from the 1940s and 1950s bumped along potholed streets. Rather than hyping fast food, billboards displayed propaganda messages in support of the Castro regime. Perez had stepped into a different world. A freshman at the Haslam College of Business, Perez grew up in Atlanta, Georgia, with a dad who works in the airline industry and a mom who hails from Peru. “We’ve traveled a lot,” Perez says. “I’ve been to Italy, France, Norway, Egypt, Japan, and China. We go to Peru at least every other year to see family.” Perez heard about the Cuba trip during summer orientation in 2015. “The Costa Rica trip sounded amazing,” she says, “but I thought about how cool it would be to be one of the first people to go to Cuba in fifty years.” Along with faculty leaders and seventeen other students, Perez traveled to Havana during winter break in late 2015. She and her peers attended Cuban history courses at the Centro Estudios Martianos. “History is much more emphasized and revered than it is here in the United States,” Perez says. “That was really interesting to see.” Another highlight for Perez was the Fabrica de Arte Cubano, a modern art venue. “We walked in off the street and I thought, ‘Am I still in Cuba?’” she says. “There was so much amazing modern art with powerful depth.” After meeting with Cuban small business owners, Perez came away impressed by their resilience. “They don’t have a legitimate banking system, so there’s no way for a small business owner to get a loan or credit,” she says. “Instead, you put everything you have into an idea, and then it has to work.” Perez already wants to return to the small nation. “I think everyone should go,” she says. “We hear blanket statements but forget that Cubans are real people facing real challenges.” After she graduates with a degree in marketing and a minor in supply chain management, Perez dreams of traveling and working overseas. “I want to do more with Cuba, so I am really hoping that the relationship between our countries continues to go in a positive direction,” she says. “I’d love to go back and try to do something business related.” 24 | HASLAM MAGAZINE
THE WORLD TRAVELER
Photograph taken at the Knoxville Museum of art. Painting: Carl Sublett, Summer Beach, 1962, Oil on canvas, On loan from the Ewing Gallery of Art and Architecture, UTK.
STUDENT NEWS Shahram Zarshenas won second place in the 2015 Vol Court Pitch Competition for Financial Cents, a cloud-based accounting software. Zak Coleman and Drew Farlett split third prize for mobile applications they are developing.
Jonathan Eimer, a junior advertising major who is minoring in entrepreneurship, placed fourth in pitching his invention, Gamer Gel, at the national convention of the Collegiate Entrepreneurs’ Organization in Kansas City, Missouri.
ANDERSON CENTER FOR ENTREPRENEURSHIP & INNOVATION
FARLETT & COLEMAN
GRADUATE AND EXECUTIVE EDUCATION Physician Executive MBA program student Geogy Thomas’s practice received a $400,000 grant from BlueCross BlueShield to help pregnant women in East Tennessee detox and avoid neonatal abstinence syndrome in their newborns.
Nima Tamaddoni, Graham Taylor, Taylor Adkins, and Jake Rheude were awarded a total of $35,000 to advance their businesses through the fall 2015 Boyd Venture Challenge.
BUSINESS ANALYTICS AND STATISTICS
Bill Williams, vice president of supply chain management for Gulfstream, spoke to students and faculty members in the Aerospace & Defense MBA program.
Junior Robbie Rauschert is helping to launch an app at UT called Pocket Points which allows students to earn points toward discounts at local and national businesses when their phones are locked in classroom buildings on campus.
Tyler Massaro accepted a post-doctoral position offer from the Duke Clinical Research Institute in Durham, North Carolina.
Eleven Masters in Business Analytics students attended the Sloan Sports Analytics Conference in Boston in March. Nine of them also participated in the conference’s First Pitch Case Competition, which focused on increasing season ticket sales for Ticket Master and the NBA.
Students and staff traveled to Huntsville, Alabama, to visit some of the nation’s top aerospace and defense organizations in October.
In December, the Master of Business Analytics program graduated thirtythree students with 100 percent job placement within three months of graduation and an $83.5 thousand average starting salary.
HASLAM.UTK.EDU | 25
AUSTIN SCOTT REFERS to himself as a serial hobbyist. “I like
to dig really deep into a subject area and learn everything I can about it,” he says. “I love refurbishing and fixing things, whether it be a business process or the brakes on my car.”
At home in Nashville with his wife, Sara Beth, and their three-year-old son, Knox, Scott applies this approach to roasting his own coffee beans, building servers, fixing cars, and helping small businesses keep up with the latest software technology. At work, he’s a problem solver. Scott leads a healthcare informatics group at Cigna, which employs 40,000 people worldwide. “We’re a health services organization focused on improving people’s health, well-being, and sense of security,” Scott explains. “We’ll work with health services companies to help manage a specific condition such as palliative care or COPD, working closely with our medical directors to design a study of the data.” Scott and his regional team then create models to explore patient outcomes and financial results. Scott came to the Haslam College of Business in 2005 as an undergraduate, following in the footsteps of his older brother and sister, who both attended the University of Tennessee. “I decided to major in finance, but I identify more with the information management side,” he says. After graduating in 2008, he spent three years with EY consulting with health care organizations and developing their information governance and security processes before landing his first job at Cigna. As his career unfolded, he considered an advanced degree. “I met a Cigna coworker from Chattanooga who was enrolled in the Healthcare MBA program at Haslam,” he says. “She talked about the direct benefits to her career and organization.” Intrigued, Scott explored the program and enrolled in the fall of 2015. “It’s phenomenal,” he says. “They have an interactive approach, teaching through role playing exercises, open dialogue between students and professors, and problem-solving that applies to our current jobs.” No matter where his career path leads, Scott looks forward to watching the evolution of healthcare in the United States and helping to unpack problems as he looks for better solutions in care. “There’s a lot of change in the healthcare field right now, such as payer and provider consolidation, health information exchanges, bundled payments and a lot more,” he says. “I’m excited to see where these ideas go.”
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THE PROBLEM SOLVER
STUDENT NEWS MARKETING AND SUPPLY CHAIN MANAGEMENT
Ali Meshkat, a senior finance major, was awarded the Phillip Fulmer Scholarship.
Speakers in Finance
Jim Dickerson of EdwardJones Investments; Harry Gross, executive vice president of commercial banking at SunTrust Bank; and Eric Faulkner, president of Faulkner, Williams & Wilson, Inc., spoke to Suzan Murphy’s Money Matters & More class.
Christi Branscom, chief operating officer and deputy to the mayor of Knoxville, spoke to Haslam’s Financial Management Association.
Haslam’s student chapter of the Council of Supply Chain Management Professionals visited the Port of Charleston, South Carolina, and the nearby Boeing manufacturing facility. The Haslam College of Business recently launched Supply Chain Management Scholars of Distinction, a program that identifies top talent in supply chain majors as early as their freshman year.
MBA in supply chain management students Whit Lammons, Divyansh Chaturvedi, Javier Sosa, and Shamiron Thomas attended the final round of the Deloitte case competition at Georgia Tech.
Marketing doctoral students Heath McCullough, Adam Hepworth, Annette Tower, NaYoung Lee, Leah Smith, and Lisa Beeler attended the Southeast Marketing Symposium at Mississippi State University.
Jon Efken and Kerry Douglas of the derivatives desk of Bank of America Merrill Lynch spoke in Tracie Woidtke’s Debt and Derivatives class.
Laura D’Oria, a doctoral student, was recently published in Administrative Science Quarterly’s blog.
MANAGEMENT Haslam’s Society of Human Resource Management chapter provided more than 200 shoe boxes of gifts for children in need to Samaritan’s Purse and helped in setting up Fantasy of Trees to benefit East Tennessee Children’s Hospital.
Hoor Temuri was awarded the Knoxville Area Urban League Minority Scholarship.
On October 10, the Department of Accounting and Information Management sponsored the fortieth annual Warren Slagle Accounting Day at the Knoxville Marriott.
ACCOUNTING AND INFORMATION MANAGEMENT
Dana Parks, who completed the Master of Accountancy program this year, received a job offer from EY in Atlanta. She will work for their Fraud Investigation and Dispute Services Department.
th in the nation
Haslam accounting graduates finished fourth in the nation among public universities for first-time CPA exam pass rates in 2015.
Doctoral student Jack Castonguay was awarded a UT summer research grant and is working with Lauren Cunningham to examine mergers and acquisitions between small audit firms.
HASLAM.UTK.EDU | 27
IN DECEMBER 2015, two groups of freshmen from
the Haslam College of Business landed abroad. One set ventured to Costa Rica and the other to Havana, Cuba, in hopes of experiencing international business firsthand. Costa Rica traveler Tori Smith enjoyed the contrasting elements of her group’s experience. “We went to three different environments – the mountains, the coast, and the city of San José,” she says. In the first two settings, students saw Costa Ricans working on coffee farms and living off the land. “We saw the hard work and manual labor that goes into something we think is so simple here,” she says. “In San José, we toured a few multinational businesses.” That type of first-hand experience is something the college hopes to continue to foster. Several years ago, George Drinnon, executive director of undergraduate programs, had an idea. “I thought if we could get first year students abroad early to see the ease and value of it, perhaps they would go abroad later for a longer period of time,” Drinnon says. Andrew Seidler, then assistant director of undergraduate programs, and Drinnon planned the first study abroad program in 2013. “We wanted to find a location where the native language was not English, travel was simple, and we didn’t have to fly across an ocean to get there,” Drinnon says. “Andrew came up with the idea of Costa Rica, a safe destination with a lot of possibilities for finding businesses with an international footprint.” Seidler developed a program that would mix cultural and business
28 | HASLAM MAGAZINE
A TASTE OF THE WORLD outcomes. “We worked up a plan that gave students some exposure to ecotourism because that is a big opportunity in rural areas of Costa Rica,” says Drinnon. “We also planned some time in the more urban environment of San José.” Fourteen students went in 2013 and came back with positive feedback. Available spaces filled quickly for the 2014 program. With enough demand to support a second study abroad trip, the pair cast about for a new opportunity. Seidler suggested Cuba. At first, Drinnon was surprised by the idea. “I thought he was joking,” he says. “But later that day, I thought, ‘Why not?’ It was really exciting to think about a moment in time that will never come again.” Seidler started planning the Cuba program, modeling it after the Costa Rica excursions to include several crosscultural objectives and business outcomes while working within governmental restrictions. Travel was limited to charters since there are still no commercial flights between the United States and Havana. Drinnon and Seidler led a group of eighteen students to Havana in December 2015. “I felt the program was very successful,” Drinnon says. “The students were exposed to a fairly alien business environment, relatively close to home.” The freshman trips typically contain a mix of students, from those who have never left the US to those who have traveled the world with their families. The students and faculty meet as a group
Top to bottom: Ripe coffee cherries; Students doing volunteer work with Heart of Gold. They picked ripe coffee cherries at a local, community-owned farm in Copey de Dota. They would have earned, as a group, $9 for the 75 pounds of cherries they picked; The group on an afternoon hike to a local waterfall in Copey de Dota.
Top to bottom: Street scene in central Havana; Group photo of students in Havana Vieja. At center is the group’s tour guide Profesor Pepe Vasquez; A massive Cuban flag in the courtyard of the Museo de la Revolución in Havana Vieja.
EXPERIENCE LEARNING AT HASLAM EXPERIENCE IS THE best teacher, according to the adage, and faculty and staff at the Haslam College of Business agree. “Students can learn about different cultures in a classroom, but they’ll never really understand what it means until they’re in another country, talking to someone who doesn’t speak the same language,” says George Drinnon, executive director of undergraduate programs. The Haslam College of Business offers a number of experience learning opportunities, starting at the undergraduate level. A course taught by Cindy Raines allows students to work on marketing campaigns with external businesses. Julie Ferrara’s business analytics students work with external entities on marketing analytics projects. In the economics department, Ben Compton is in his second year of involving his class in East Tennessee service-learning projects in the Chattanooga area. Ernie Cadotte heads up several experiential learning projects each year, mainly focused on serving the local and international communities. For six years, his students have organized the Barefoot Benefit 5K to help Samaritan Place, an emergency shelter for senior citizens. “The students learn about event planning, social entrepreneurship, and philanthropy.” Cadotte and his students also partner with Legacy Parks, a local nonprofit, to put on the Tour de Knox bike rally each April. After traveling to India a few years ago, Cadotte became interested in connecting students with international service projects. Last year, UT students came up with the Clean Cycle program, which was adopted by the Manav Rachna University in India. “We put collectors on tricycles with trash bins attached to them, and they ride around and pick up trash from all the villagers,” says Cadotte. Cadotte’s students are working on a new project, Hands Across the Water, to tackle the problem of contaminated water in India’s rural areas with small chemical packs produced by P&G that cost ten cents and can clean ten liters of water. “We’re working with Maharashtra Institute of Technology (MIT) and are planning a walkathon in Knoxville and in Pune, India, on the same day. We hope to raise money to pay for several thousand packets that MIT will distribute to villages to give them clean water for more than a year.” Such endeavors lead to more understanding of the global business world, according to Drinnon. “Students will often gain a different perspective on business if they can put those concepts into action,” he says.
three or four times prior to departure, and again after they return to reflect on their experiences. “We have the opportunity to help them understand how to articulate the experience,” says Drinnon. “This year, Dean (Stephen) Mangum asked that we have a public forum for students to talk about their experiences.” Alexa Perez, who was part of the Cuba program, enjoyed learning about historical figure José Martí in the history course the group took together. “I think Americans need to be a little more aware of Cuba,” Perez says. “We get all the history but we don’t realize there are people there right now. We need to learn how to relate to them and understand their culture.” Eric Pelehach, a student on the Costa Rica trip, says, “The greatest part of our experience was starting in the middle of nowhere and moving toward the city. It taught us how to adapt and gave me perspective into the life of a Costa Rican. Just thirty minutes away, the lifestyle is completely different.” Pelehach, who plans to major in supply chain management, says the trip inspired him to travel more in the future. “It’s a perfect taste of what study abroad is like, but it leaves you wanting more,” he says. “It gave me a greater desire to see the world.”
HASLAM.UTK.EDU | 29
DEVELOPMENT & GIVING REPORT THE DEAN’S CIRCLE The Dean’s Circle was founded in 2009 to recognize leadership-level annual gift donors who provide ongoing support through gifts to the College Fund during the current fiscal year (July 1-June 30). This esteemed group of supporters consists of alumni and friends who have gifted $1,000 or more and young alumni (those who have graduated within the past 10 years) who have gifted $500 or more. Members of the Dean’s Circle are recognized on the college’s “Donor Wall of Fame” as well as in other ways, such as being invited to special events. Please join us in recognizing those who have made fiscal year 2015* leadership-level gifts and have become members of the 2014-2015 Dean’s Circle:
Edward S. Albers Jr. Ronald L. & Jean A. Alexander Gregory Antoine Theodore E. Arnold IV Derick E. & Ashley B. Aye Paul D. & Elizabeth C. Banick John P. Behrens Thomas D. & Jennifer Bell Michael A. & Nancy M. Berry Robert G. Berry Douglas B. & Lori W. Blalock Bill & Melba R. Blevins John H. Boll Paul & Shirley Pih Broadbery David A. Brown Martin D. & Ann R. Brown Steven R. & Jill Brown Andy Bruner Chip & Kym Bryant James H. & Betty Lou Burnett Sharon L. Busse J.A. & Patricia Campen Richard W. & Nancy S. Cardin Charles E. & Brenda K. Carpenter Jr. Martin J. & Linda T. Carrico
SAVE THE DATES 30 | HASLAM MAGAZINE
David J. & Penny S. Carver Howard E. & Debra L. Chambers John M. & Carol A. Childress Robert E. Christopher David H. Clark Robert L. Clark Gary F. & Marsha K. Clayton Charles H. Coffin Benjamin E. & Kristen H. Cook Scott D. & Jill E. Craig Timothy B. & Fia Cronin Jefferson L. & Jennifer Cross Tony W. & Leah B. Cross Michael T. & Helen W. Crotty Scott L. & Stephanie B. Daniel Mark W. & Darby Davis Dennis & Kim Denton Kerry A. Dodd Ryan & Candice M. Doolan Thoams J. Dorich Radall J. & Kelly H. Durham Michael D. & Anne Easterly David K. & Kathleen A. Ecklund Donald N. & Mary S. Edmands James B. & Sharon H. Edwards Cato Ellis Jr. Timothy D. & Karen N. Ellis Mark & Conchi Emkes Terry M. & Kathy B. Evans Gordon B. & Cynthia P. Ferguson Kevin B. & Tracy L. Ferguson Michael M. Flanary Mark S. Fleiner Emerson H. & Catherine W. Fly Shirley A. Flynn Robert W. & Catherine Ford Paul J. & Elizabeth C. Frankenberg David S. Freeman William E. & Lynn P. Freeman J. Lee Fry III Michael D. Hanna John F. & Harriett G. Harty James A. & Natalie L. Haslam II John D. & Renee D. Hawkins Ted B. & Nancy D. Helms Charles K. Hendrix Rosalyn L. Hess J. Robert Hill William C. Hilleary Ronald S. Holcomb Giles D. Hollins Stanley G. & Teresa L. Hurt David A. & Deborah Ingram
SEPTEMBER 2 SEPTEMBER 8 SEPTEMBER 24
OCTOBER 15 NOVEMBER 5 NOVEMBER 11
Phillip C. & Margo M. Jacobs Don W. Jett Joseph E. & Patricia P. Johnson Joseph G. & Kimberly A. Johnson H. Russell & Florence F. Johnston Bob & Molly Joy Jenneen M. Kaufman Herbert S. Kishbaugh Michael A. & Pamela R. Koban R. Tom & Karen S. Ladd Barney L. Lane Tillman L. Lay Scott P. LeTellier Richard J. Levenson Michael A. & Tina A. Lobel William M. & Brenda G. Locke W. Gage & Shelley K. Logan Jeffrey D. Longmire Beverly A. Lynch Zanda J. Lynn Stephen L. & Troba Mangum Bob & LeaAnn P. Marshall P.J. & Danielle Martin Mary T. McAdams Steven R. McBrayer Jeffrey P. & Caroline P. McCamy G. Adam & Tabatha F. McClain Joseph D. & Penny W. McDonald Todd E. McElhatton John G. & Kathy McLeod Robert C. & Judy McMahan George R. & Margaret A. Melton Carl A. & Shelley G. Merideth William P. & Lynda Middlemas Harry F. & Suzanne M. Miller Charles W. & Sherry G. Morgan Melvin G. Moseley Jr. Gerald T. Niedert Jerald A. & Kimberly M. Nine Jr. Michael E. Norwood Peter E. Papageorge Scott Parish Ryan S. Peters & Megan Parker-Peters Kiran M. & Jocimara T. Patel Paul R. & Barbara Perutelli Brian T. & Elizabeth H. Phillips Bill Pittman William S. & Lynn Pittman Pat D. Postma Donald G. & Kimberly K. Pounders Patricia G. Pratt J. Daniel & Allison E. Pressley Donald B. & Nancy O. Preston
Inaugural Meeting of the Haslam Young Alumni Board Boyd Center Economic Forecasting Luncheon Haslam Tailgate (vs. Florida) Accounting Day Haslam Tailgate (vs. Alabama) Haslam Homecoming BBQ (vs. Tennessee Tech) Alumni Awards Gala
Will J. Pugh Howard W. & Agatha Ray Michael J. Reeves Dan H. & Tina L. Reigle Michael J. & Amanda Respeto John P. Reynolds Timothy E. & Barbara Rizer Jon G. & Mintha E. Roach Ronald R. & Marta P. Roberts Brad M. & Christine S. Rolland Brett W. Rousch James M. & Susan A. Sayrs Colin H. Schneeweiss Gregory M. Sekelsky Scott A. & Kathryn W. Selbach Timothy P. & Peggy L. Seneker Eugene T. & Elizabeth G. Seymour A. Dean & Ann E. Skadberg William R. Sluder Joseph D. Smallman Gregory L. & Lisa V. Smith James F. Smith Jr. Mandyam M. Srinivasan E. Blair Steakley Matthew R. & Katie K. Steier H. Virgil & Clara Stephens Randolph B. Stephenson Temple C. & John G. Stevenson Jeffrey & Carol S. Stratton Michael T. Strickland Michael L. Taber Herman T. & Karen Tallman B. Lance Taylor R. Marshall & Anne E. Taylor Robert A. Taylor Samuel H. Taylor Sr. Joe P. & Sheryl S. Teague Joseph E. & Rebecca F. Thompson William R. & Lori Tice Jr. Dan S. & Sandra L. Tindall Neal & Cathy Townsend Douglas D. & Catherine T. Traver Charles H. Trivette Normand D. Turgeon Willie O. & Edith W. Turner Jr. Donald J. Tyndall William L. Vallett Jr. David C. Verble D. Brent Wilder Tim W. & Amy Williams Mark E. Willoughby Joseph T. Wyrick *This list reflects members for fiscal year 2015. (July 1, 2014–June 30, 2015).
Left to right: Jim Wansley with Dean Steve Mangum.
THE GLOCKER SOCIETY
THE ARCHWAY SOCIETY
The University of Tennessee, Knoxville, must have seemed an unlikely choice for Theodore Glocker when he arrived in 1913 because there was no business school or even a business program for him to lead. But by 1914, under Glocker’s visionary leadership, the School of Commerce had been formed to educate students on issues relating to banking and corporate finance. Glocker’s dynamic leadership carried the school from its humble beginnings through countless transitions and growth in student enrollment, facilitating the school’s accreditation as the College of Business Administration in 1947. In 1952, the Glocker Business Administration Building was dedicated in honor of its first dean and loyal leader, Dr. Theodore Wesley Glocker Sr. Members of the Glocker Society share the vision, passion, and commitment to excellence in education that the college’s beloved dean demonstrated almost 100 years ago. Those who are part of this prestigious group stand out among their peers and are recognized for lifetime giving to the college of $1 million or more. Because of these great leaders, the UT Haslam College of Business’ next 100 years will be even brighter than the first.
Throughout the history of UT’s Haslam College of Business, the arches of the business building have welcomed countless students eager to excel academically and become successful leaders in their chosen fields. The tradition continues with today’s students, who pass through the original stone arches of Glocker that have been preserved as well as through the new steel arches that connect the restored Glocker Wing to the newly built classrooms of the James A. Haslam II Business Building. The Archway Society recognizes private support and development of the college’s programs. Even as the business building’s arches represent a link to the past, this society’s membership understands the importance of creating a bridge to the future by establishing active endowments benefiting the Haslam College of Business students. Through their unwavering support, these generous alumni and friends of the college uphold the tradition and provide tomorrow’s graduates with the opportunity to pass through these regal arches and into a brighter future.
The Anderson Family BB&T John H. Boll Randy & Jenny Boyd Charles W. & Candy Ergen John W. & Janice B. Fisher Bill & Crissy Haslam Jimmy & Dee Haslam James A. & Natalie L. Haslam II Dennis & Jennie Hendrix Home Federal Bank of Tennessee Michael W. & Suzanne S. Masters Metasys Inc. William B. Stokely Jr. Foundation *This list reflects Glocker Society members for fiscal year 2015 (July 1, 2014-June 30, 2015).
AAA Cooper Transportation Family & Friends of Casey Adams F. Whit Addicks Frank M. Addicks W. Mark Allen Howard B. & Wendy C. Allenberg American Society of Women Accountants, Knoxville Chapter Amway Corporation Bruce A. & Monique W. Anderson The Anderson Family David & Cynthia Arnholt AT&T Company James H. Atchley Kelvin & Sheryl Ault Matt & Leigh Avery Steve & Ann Bailey Jim Baker continued on p. 34 >
WATCH THE HASLAM eNEWSLETTER, WEBSITE, AND SOCIAL MEDIA FOR DETAILS AND ADDITIONAL ALUMNI EVENTS COMING THROUGHOUT 2016.
JIM WANSLEY, CLAYTON
Finance Endowment Established to Honor Jim Wansley
Homes, Inc. Chair of Excellence in Finance, joined the Haslam College of Business in 1988, and has since served as head of the Department of Finance for more than two decades. In honor of Wansley’s distinguished leadership and service, the Haslam College of Business has established the Jim Wansley Finance Excellence Endowment. Dean Stephen L. Mangum says support for the endowment is an opportunity to express appreciation for Wansley’s nearly thirty years of service and leadership at the University of Tennessee, Knoxville. “Jim has devoted great energy to building a highly performing, research-oriented faculty, establishing enduring partnerships with alumni and the financial community, and nurturing innovative teaching programs such as our highly regarded Bloomberg training,” Mangum says. “He has succeeded in each dimension.” Wansley holds the Clayton Homes Inc. Chair of Excellence in Finance and continues to serve on the finance faculty. His leadership has benefited thousands of students at both the undergraduate and graduate levels, and his students and colleagues recognize his excellence as a teacher. He has earned many accolades, including the Outstanding Faculty Award and the Bank of America Faculty Leader Medal Award. In addition, he has served on boards and committees for BankEast, Oak Ridge National Laboratory, Knoxville City Council, and as the founding president for the Knoxville chapter of Chartered Financial Analysts. Current finance department head and Sharp/Home Federal Bank of Tennessee Professor of Banking & Finance Tracie Woidtke appreciates Wansley’s approach to leadership. “He had a vision of where he wanted the department to go, but was good at delegating to other people who could draw on experience from previous positions or institutions,” Woidtke says. “He’s worked hard to build relationships external and internal to the department. There is a great culture in the department, and people are more productive when they’re happy in the workplace.”
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BEAUTIFYING ROCKY TOP
LEADERS IN PHILANTHROPY
ERNIE AND BONNIE CADOTTE AN AVID SOCCER player, biker, swimmer
and gardener, Ernie Cadotte spends much of his free time enjoying the great outdoors of Tennessee. His wife, Bonnie, shares his passion for nature, especially the mountains. The Cadottes came to Knoxville in the 1970s when Ernie joined the faculty at the Haslam College of Business. Today, Ernie studies learning processes, assessment, entrepreneurial decision-making, and customer satisfaction as the college’s John W. Fisher Professor of Innovative Learning. Ernie and Bonnie raised their three children, Joseph, Kate, and John, in East Tennessee. “We came here from the Detroit area,” says Bonnie. “Knoxville is smaller, slower-paced, and has been a great place to raise a family.” Soon, though, the outdoor-inclined Cadottes noticed the lack of natural beauty on the Knoxville campus. “It’s a wonderful educational institution, but there was a lot of cement,” says Ernie. “The campuses I’d been on previously all had beautiful landscapes, open spaces, and wooded areas.” Before construction began on the Glocker Building, Ernie noticed that the tennis court across the street had been repurposed as a parking lot. “I looked at that and started talking with some people about it,” he says. “I suggested, ‘When they’re done, why don’t we turn it into a park?’” As demolition and construction began on the new Haslam Business Building, the Cadottes met with university planners and spearheaded a campaign to create a campus park next to the new building. “Bonnie and I met with central administrators and proposed the idea of putting a small park where that tennis court was,” Ernie says. “The idea was that Bonnie and I would donate money and if the Haslam fund and the university would donate the same amount, we’d have a decent pool from which to work.” The funding did in fact come together and as the park idea progressed to the planning stage, Ernie and Bonnie remained involved, meeting with campus administrators and landscapers throughout the process. “The
traditional way of thinking was very functional,” Bonnie says. “We went back and forth, and they eventually agreed to a more open plan with less cement. It was a little bit of a shift for UT to be more interested in soft spaces, trees, wide lawns, spots to sit and read, and places to meet people instead of just walkways.” Through the efforts of the Cadottes, the park took shape as Blueberry Falls, a combination of two of Ernie’s favorite outdoor elements. “I love waterfalls, and even built one in our backyard at home,” he says. “The other thing is, I love fruit and have a big berry patch in my yard with 200 blueberry plants.” As the ideas took shape, university officials jumped on board. “Everybody fell in and started to get excited about it,” Bonnie says. “Willow Ridge Garden and Landscaping of Oak Ridge designed the water falls and did a great job. It’s become one of the most photographed places on campus.” Later, the Cadottes also helped to expand Blueberry Falls beside the new student union and are especially happy with the cascades they added to the park. There are more than sixty blueberry bushes throughout the park for everyone to enjoy in June. The Cadottes continue to enjoy the process of seeing UT’s campus cultivate green spaces. “Students are working hard, and they need places to rest, to talk to their friends, and to get outside,” Bonnie says. “They need beautiful places.” “For me, the thanks is in the giving,” Ernie says. “This campus is my home, and who wouldn’t want to make their home more beautiful?” HASLAM.UTK.EDU | 33
Left to right: Jim Wansley, department head of finance, Haslam College of Business; Kevin Crateau, vice president of Regions; Mike McNamee, area president of Regions; Steve Mangum, dean, Haslam College of Business; Laura Seery Cole, director of the Masters Investment Learning Center, Haslam College of Business; and Bruce Duggins, senior vice president of Regions.
A RECENT GIFT from the
Regions Foundation Gifts More Bloomberg Terminals
Regions Foundation has allowed the University of Tennessee, Knoxville’s Haslam College of Business to purchase four additional Bloomberg terminals. The additions mean Haslam will have the second most terminals among its Southeastern Conference peers. The new Bloomberg software was scheduled to be installed and available for student use in the spring semester of 2016. “Bloomberg is considered the ‘gold standard’ amongst financial databases,” said Laura Seery Cole, director of the Masters Investment Learning Center. “Practical experience with this software differentiates Haslam students in the job market when competing against candidates from other universities.” Haslam, which will now have sixteen terminals, is one of the few business schools in the nation to integrate Bloomberg training into its curriculum. “Given the expense of each Bloomberg terminal, most competing universities only have a few,” said Cole. “With more terminals, we are able to train more business students — not just finance majors, but accounting, supply chain and economics students, too. And we are now able to do so at a deeper level.” A check presentation was held in the Masters Investment Learning Center on December 2 recognizing Regions’ contribution. Dean Steve Mangum thanked Mike McNamee, Regions’ area president for East Tennessee and North Carolina. Regions hopes to help cultivate greater business acumen and economic growth in the area through its contribution to the Masters Center. “At Regions, we value the hard work, dedication and personal drive that students at the University of Tennessee display when it comes to their education,” said McNamee. “This will open up a vast array of financial tools to hundreds of additional students in the Haslam College of Business every year.” 34 | HASLAM MAGAZINE
Bank of America Jennifer Banner Robert O. & Phylis L. Baron R. Stewart Bartley Brodie & Grace Baynes BB&T Randall S. Beard Robert H. Bebber J. Garrett Begley Tom & Jennifer Bell The Berkline Corporation Len & Laura Berlik James & Patricia Bernal Mike & Nancy Berry Bible Harris Smith P.C. Raymond E. & Barbara I. Bible Don C. Birdwell Jr. Harold A. Black Peter J. & Evelyn R. Blau Board of Directors of the Consumer Credit Union Jennie K. Bonham R. Stanley Bowden II Randal D. & Jenny Boyd Parks & Kertrina Brame Thomas E. & Sarah Alice Bronson Brown Stove Works Inc. H. Carey Brown Martin & Ann Brown Tony & Tricia Bryant Christopher Burgin Renda J. Burkhart Randy Burleson Andrew N. Burns Rhea & Ada Burns C.H. Butcher Charles A. & Dorothy H. Butler Jane E. Campbell Joseph V. & Terri Carcello Richard W. & Nancy S. Cardin Larry & Vivian Carroll Samuel R. Carter Jr. Paul & Beverly Castagna Mary O. Chambers Charles E. & Agenia Clark William R. & Sara B. Clark Gary & Marsha Clayton Kevin & Michelle Clayton Duke Clement Jr. Steve & Gail Waters Clendenen David D. Coleman David & Annie Colquitt Charlene Connell Michael & Kimberly Copperthite E. Terry Cowles Reaves M. Crabtree James A. Crossman CSX Corporation L. Michael & Carolyn B. Cuddy Dale & LaVerne Culbertson Marc & Kelli Davenport Jeff W. & Janet P. Davis Deloitte Delta Nu Alpha Volunteer Chapter 135 Family & Friends of Todd Shelton Denson Thomas E. Desmond Dixon Hughes Goodman PLLC G. Mack & Nancy R. Dove Charles W. & Sarah J. Duggan
Duke Energy Corporation Theresa Sharp Dyer R. Kevin Edwards Equality Coalition for Housing Opportunity Charles W. & Candy Ergen Norman D. & Deborah K. Estep EY Don C. & Sandra H. Fancher Farm Bureau Insurance - Tennessee Federal Express Corporation Financial Management Association of Greater Knoxville First Tennessee Foundation John W. & Janice Fisher Lyle M. & Marcella J. Flaskerud Richard D. & Kim J. Fletcher Brian & Heather Foley James B. & Joanne Ford Kimberly B. Ford Robert & Catherine Ford Ronald D. Ford Duncan M. Fort III Family & Friends of Liston Marshall Fox William F. Fox James C. & Marsha S. Foxworthy Marshall A. & Ashley C. Franklin D. Winston Frazier Friends of Phillip Fulmer Tom T. Gallaher The GAR Foundation Charles Garrison Phyllis N. Garrison Ken C. & Peggy E. Gilbert Gary N. Given Nan M. Given Family & Friends of Janet Gochberg James M. Gower III Lara Robinson Green Paul & Pat Green William C. Greer Sam & Leslie Grigsby John Hajjar Allen P. & Grace Halliday William P. & Dorothy Halliday Jr. William P. Halliday III Steven D. & Jane J. Harb Roy L. Harmon Jr. Jerre & Barbara S. Haskew James A. & Natalie L. Haslam II Jimmy & Dee Haslam III Will & Hannah Haslam Bill & Crissy Haslam Blaine & Robin Hawkins E. Jane Hazlewood Ralph D. & Janet K. Heath Jeff L. & R. Diane Hemphill Dennis and Jennie Hendrix Foundation Jerry & Kay Henry Robert Z. Hensley William K. Hensley Jennifer L. Holder J. Fred & Wilma D. Holly Home Federal Bank of Tennessee Douglas A. & Brenda Horne Cornell C. & Frances B. Houston Humbolt Express John F. Humphrey Metal Fabricators Inc.
DEVELOPMENT & GIVING REPORT Robert P. & Barbara H. Hunter Jr. Edwin C. & Elizabeth C. Huster Sr. Illinois Central Gulf Railroad David A. & Deborah A. Ingram Philip & Margo Jacobs William & Elaine Jenkins George R. Johnson JW & Whitney Johnson Lynn C. Johnson David P. & Jeanne Claire Jones Mason & Emily Jones Wilma Jordan Ronald & Joan Justus Family & Friends of Allen H. Keally William H. Keith Reed & Cathey Keller Jim Keras Family & Friends of Jack Key Ben & Margaret Kimbrough Sr. John Rutledge King Martha W. King Chris & Donna Kinney Knoxville Community Housing Resource Board Inc. Michael A. Koban Jr. Paul & Tammy Koonce Russell L. Lamb James S. Lattimore Jr. Brenda G. Lawson Fred R. Lawson William E. & Pamela R. Lee Thomas S. Lewis Jr. Michael K. Littlejohn Michael A. Lobel Howard H. Lunsden Clifford F. Lynch Richard & Patricia Mallicote Stephen L. & Troba Mangum J.P. & Gladys Maples Ella Mae Marsh Walter C. & Elizabeth K. Marshall A. David & Sandra L. Martin Helmer & Elizabeth Martin Cheryl Massingale Lynn Massingale Michael W. & Suzanne S. Masters John M. McCall II McCormick & Company Inc. S. Lloyd McCulloch Jack B. McKamey Janet McKinley David E. & Nancy H. McKinney G. Adam & Tabatha F. McClain James C. McSpadden J. Tom & Brenda Mentzer Dan & Amy Miles Alex Miller Jack M. Miller III Leanne Miller Margie Miller Timothy Miller Virginia Sliger Milligan Jack & Trish Mills Les Mirts Lynn Mirts Anne Y. Modlin Phillip W. Moffitt Fulton Beverly Moore Jr. John R. Moore Richard L. Moore Jr.
Roger M. Moore Sr. Thomas F. & Linda L. Morris Mortgage Bankers Association of Knoxville Ray & Joan Myatt Terry L. & Robin A. Neal C. Warren & Annelle Neel Nestle USA Charlie & Carolyn Newcomer James I. & Kathy Newsome III Gerald T. Niedert Jerald A. and Kimberly M. Nine Jr. Family Foundation Joseph & Barbara O’Donnell Linda N. Ogle F. Perry Ozburn Jr. John Wallace Page Robert G. & Mary L. Parks Jr. Kiran M. Patel Family & Friends of Edwin “Pete” Patton Kenneth W. & Wanda N. Patton Charles & Carolyn Pearson J. Thomas & Suzanne Perry Richard & Debbie Perry Edward V. Pershing David Peters Provident Life and Accident Insurance Company Sharon Pryse Family & Friends of Will J. Pugh Pugh CPAs Will J. Pugh Will J. Pugh Jr. The Quaker Oats Company David & Sharon Ramsey W. Harold Read Regal Entertainment Group Foundation Regions Bank Reliance Water Heater Company S. Herbert Rhea Jon G. & Mintha E. Roach Worrick G. Robinson IV Martin L. & Carol Fri Robinson King W. & Judy P. Rogers III William T. & Gayle M. Rogers Gary & Donna Rose Michael D. Rose Brett W. Rousch Charles S. Runnion Jr. Ali Safavi Sampson Enterprises David & Jane Schumann Dane & Meg Scism Aileen Seilaz Scott A. & Kathy W. Selbach David G. & Swannee Sexton Eugene T. Seymour Family & Friends of Jim R. Shelby Jimmy R. & Billie M. Shelby Stewart G. & Ann T. Siewert Toby C. & Betsy Silberman A. Dean & Ann H. Skadberg Frederick S. Slagle Eva DiAnne Smith Greg & Lisa Smith James F. Smith Jr. Orville N. Smith Richard A. & Ann S. Smith
Thomas S. Smith David H. Stacey III Stage Stores Inc. Andrew H. & Emily B. Stallings Jeanne P. Martinson Statham William B. Stokely III William B. Stokely Jr. Foundation Joseph W. Sullivan III SunTrust Bank of East Tennessee R. Andrew Taylor Sharon M. Taylor Tennessee Executive Development Program Alumni Third National Bank Arthur A. & Hasseline E. Thompson Karen Trent Mary Trotter William L. Vallett Jr. Arthur Van Buren The Family of Roland C. Van Dorselaer Frank Venable A.L. Viles Kate Vitasek George A. Wagoner James W. & Candy P. Wansley Carolyn G. Ward James C. & Corinne P. Ward III William Way Alan R. Whitman Friends of Jan R. Williams Tim Williams Willis Corroon Corporation of Tennessee Jack Willis Alan D. & Wendy R. Wilson Edward E. & Anne A. Wilson John Q. & Wanda W. Wisecarver Ronald H. Wolf H. Pat Wood Neville J. Woods Elise Roby Yanders *This list reflects active endowments as of 3/1/16.
NEWLY ESTABLISHED ENDOWMENTS Molly & Rodney Adams GLS Travel Endowment Dr. Ed Boling Business Faculty Endowment Martin D. & Ann R. Brown MAcc Scholarship Endowment Jim Crossman Endowed Business Scholarship Evans Family Endowed Business Scholarship Haslam College of Business Tennessee Undergraduate Business Scholarship Endowment Jonathan & Alana Harris Family Endowed Finance Scholarship C. Kennon Hendrix Endowed Business Scholarship Elizabeth Ingalls Endowed MBA Fellowship Earl R. Leinart Business Scholarship Endowment Nelson & Natalie Pratt Endowed Business Scholarship Leslie & Marilyn Schreiber Faculty Research Award Endowment
THE 1914 SOCIETY When the School of Commerce began in 1914, it had only eleven students and one faculty member. While their numbers were few, their shared passion for leadership in business practices and education was strong. As the college has grown and changed, the passion shown by its original students and faculty has perservered. Each year, hundreds of future business leaders graduate and join the ranks of our loyal alumni, reaffirming the importance of a continuing legacy to inspire future growth and success for the college. 1914 Society members reflect the values of the founders of the college, and understand the importance of continuing that legacy. Members show
continued on p. 38 >
Selbach Family Endowed Scholarship for Entrepreneurship Howard W. (Bud) & Barbara Sherrod MBA Fellowship Endowment The Richard L. Townsend Distinguished Accounting Professorship Endowment
HASLAM.UTK.EDU | 35
A FAMILY AFFAIR
PAUL AND PAT Green came to the University of Tennessee, Knoxville,
LEADERS IN PHILANTHROPY
PAUL AND PAT GREEN
36 | HASLAM MAGAZINE
in 1977 from Bristol, Tennessee, to pursue their college degrees together. “We were dating at the time,” says Paul. “Pat majored in industrial engineering, where she was one of only two or three female students in the program.” Paul chose to study finance at the Haslam College of Business, while also taking on a full-time job as student manager at the Presidential Cafeteria on campus. Paul learned a great deal about communication, time management, and leadership from his role at the cafeteria. “It was a fantastic job,” he says. “I managed about 400 student workers, and it taught me to schedule my day so I could fit in my coursework.” Meanwhile, he enjoyed getting to know his classmates and faculty in business. “At first, UT’s campus felt so big and crazy to me,” he says. “It was nice to find such a tight-knit atmosphere in the business school.” The Greens graduated in 1982 and married in 1983. Pat went to work at Union Carbide in Oak Ridge as an industrial engineer. “About seven years later, she came to work with me at Morgan Stanley,” says Paul. “She created my contact management software before there was such a thing,
board about forty horses.” Through the years, Paul and Pat have stayed involved at the Haslam College of Business. They started the Green Family Scholarship in the early 1990s to benefit child and family studies at the College of Health and Human Services. The Greens shifted the scholarship to the Haslam College of Business when their children became students. “I felt that it’s important for me to help kids other than my own to get through college,” says Paul. “The Green Family Scholarship has been around for a long time and it will continue on.” The Greens provide support for the yearly Financial Management Association trip where Haslam students are able to visit investment legend Warren Buffet. Paul also shares career expertise with numerous students by speaking to John Hoffman’s management classes at least once a year. In addition, he serves on the board for the Laporte and Haslam Torch funds. “I think it’s important to stay active,” Paul says. “Without my education at UT and Haslam, I don’t think I’d be close to where I am today. It’s been instrumental in my growth as a citizen.” and helped me leverage myself and the business to where we are today.” After a few years at Morgan Stanley, Pat chose to become a stay-at-home mom, raising the Greens’ three children, Bradley, Daniel, and Alex. During that time, Paul managed accounts at Morgan Stanley for some twenty-five years before transitioning to UBS in 2008. “It’s important to manage people’s money properly–and their goals and expectations and life dreams along with that,” he says. “More important is the relationship you have with that family.” Paul and Pat have passed on their love for UT to their children. Bradley attended the University of Alabama, but both Daniel and Alex chose the Haslam College of Business. “Today, Daniel works with me at UBS, and Alex is one of the top eventing riders in the United States and the world,” says Paul. “She runs Dry Ridge Farm, a 200-acre equestrian facility in Loudon, where we
Left to right: Paul Green, daughter Alex, Pat Green, and son Daniel.
HASLAM.UTK.EDU | 37
While in San Francisco, Haslam students were guests on set of the Super Bowl edition of Pardon The Interruption.
DEVELOPMENT AND GIVING REPORT
their commitment through bequests, charitable remainder trusts, charitable gift annuities, life insurance gifts, or retirement beneficiary designations.
TWELVE LUCKY STUDENTS from the
Vols at Super Bowl 50
University of Tennessee, Knoxville, attended Super Bowl 50 and the historic showdown between the Denver Broncos and Carolina Panthers. The Big Orange Combine, now in its twelfth year, involves students majoring in communications, marketing, human resources, and sports management. The students traveled to San Francisco in February to work the Super Bowl and other events leading up to the most-watched television event in America. “This was an educational networking week that exposed the students to executives in sports, event management, and touring companies,” said Debbie Mackey, director of the Human Resource Management Master’s Program in the Haslam College of Business and adviser for the group. “The students met with sports professionals, toured Google, and interacted with numerous executives.” Students also had the opportunity to meet executives with the San Francisco Giants and work the NFL Experience, pro football’s interactive on-site theme park, which highlights the sport’s history, including the Super Bowl. James Dugan, a sport management graduate student, said he was able to meet lots of people within the industry where he hopes to pursue a career. “It really gave me a full scope of potential areas I could work in as a career.” “The trip allowed us to not only see how companies market their teams and brands, but it also allowed us to network and make connections with people,” said Megan Hatcher, a senior marketing major and volleyball player. Mackey said game day is an amazing experience for students to work with event management and fans and experience a rare behind-the-scenes look into the Super Bowl. Of course, the students were excited for the chance to see three former Vols playing in the game, particularly the Bronco wearing number eighteen. “We got to be in the presence of Peyton Manning,” said Christine Austin. “It was a true honor to represent his alma mater at Super Bowl 50. I hope that we represented UT as well as he has over the years.” Portions of this article first appeared in Torchbearer magazine.
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Anonymous Anonymous Martha Arnold Dan B. Ashby Jonathan C. Bailey John V. Barker Jeff & Denise Barlow Alvin G. & Sally M. Beaman Raymond L. Bell Edward J. & Carolyn P. Boling John Boll Randal D. & Jenny H. Boyd Charles W. & Sherry Brinkley Jr. Shirley Pih Broadbery Steve & Jill Brown Don & Joan Bruce Harry J. Bruce Robert L. Bryan & Delores Lyons Cameron Burnette Andrew Burns Paul A. & Beverly Castagna William R. Clark David D. Coleman Henry J. “Jerry” Collins John C. Compton Scott V. & Julie C. Cooper Samuel L. Coulter Joe R. Crafton Jr. L. Michael & Carolyn B. Cuddy Dale & LaVerne Culbertson Thomas & Rachael Desmond Donald N. Edmands Anne-Todd Eisner Kenneth L. & Gina R. Evans Jr. Don & Sandra Fancher Larry W. Felts John W. & Janice B. Fisher Ron D. Ford Roberta J. Fox Donald W. & Suzanne H. Freeman Phillip & Jinny Furlong Leslie D. Galloway Sarah F. Gardial Susan Golicic Edward D. Gray Jr. Gregory A. & Katherine R. Hamilton Lee. Harkleroad III Stephen J. & Donna K. Harrison F. Reed & Kathrine Hayes E. Jane Hazlewood Regina Holt Frances B. Houston David R. Howard Stan & Teresa Hurt Lynn C. Johnson H. Russell & Florence L. Johnston Jr. Charles B. Jones Jr. Ben S. & Margaret Kimbrough Sr. Michael A. Koban Jr. Steve & Cindy Kroeger Jeffrey & Shannon Land Chris & Quinita LaPorte Ron E. & Carolyn B. Lawrence Fred R. & Sharon Lawson William E. & Pamela R. Lee
Ed Lester Carl F. & Mary L. Maples Sr. A. David & Sandra L. Martin Larry B. & Jane H. Martin Whitney Johns Martin Janet L. McKinley Robert C. & Judy McMahan Scott D. McWilliams George & Margaret Melton Gregory H. Meyer David & Sien Moon Roger M. Moore Sr. Charles W. & Sherry R. Morgan Ray Scott & Joan Stroud Myatt Jr. Pamela C. Neal Gordon H. & Camoline D. Newman James & Kathy Newsome III Dennis H. Owen Robert G. & Mary L. Parks Jr. Ed & Karen Pershing Johnny & Kimberly S. Pitts Patricia D. Postma Gary Pratt Will J. Pugh Richard E. & Ann P. Ray W. Harold & Elizabeth Robinson Read Martha Butler Rector William & Carole Reeves Jon G. & Mintha E. Roach Martin L. & Carol Fri Robinson King W. & Judy P. Rogers III Brett W. Rousch Louis C. & Sherlene C. Schumacher Scott & Kathy Selbach James B. Selleh Bill H. Sims Jr. A. Dean & Ann E. Skadberg Sr. Sarah Ellen Skinner Fred W. & Lynn H. Smith III Randall E. & Jennifer Smith David Snapp Aaron J. Snyder George A. Spiva Jr. Douglas L. Standifer Connie Dorrough Steinmetz David & Deborah Stevens Robert S. Talbott Herman Jesse & Karen Tallman W. Kirk Taylor Joe P. & Sheryl S. Teague J. Neal & Cathy Townsend James H. & Connie P. Vavalides Mark L. Venrick Charles A. & Nancy G. Wagner James W. & Candy P. Wansley James C. & Corinne Ward III Paul Warren & Angela Washington William Way Charles R. West Bill & Kay Whitman Jan R. & Elaine Williams Kenneth L. & Shari Wills Mike & Nadine Woodall Morgan M. & Kathryn Zook *This list reflects commitments as of 3/1/16
To share your news with the University of Tennessee, Knoxville, Haslam College of Business community, submit it along with any relevant images to Haslam@utk.edu. Please use “Alumni News” in the subject line.
ALUMNI NEWS The Connecticut Orthopedic Society named Michael Marks (PEMBA ’01) Orthopedist of the Year.
The San Fernando Valley Business Journal named Ron Ford (HCB ’84) a CFO of the Year.
Don Frieson (HCB ’81), executive vice president of operations for Sam’s Club, spoke during UT’s African American Trailblazer series.
First Freedom Bank in Lebanon, Tennessee, promoted John Lancaster (HCB ’88) to chairman.
Ed Mahon (EMBA ’97) wrote the book Transitioning the Enterprise to the Cloud: A Business Approach that was Amazon’s #1 new release and was picked up by Barnes & Noble.
Beebe Medical Group named George Jirak (PEMBA ’99) president and CEO.
Keith Woody (EMBA ’02) became vice president of procurement at Technicolor.
Gov. Bill Haslam asked Kim Grant Brown (HCB ’05) to serve on the Tennessee Housing Development Agency Board of Directors.
Ray Roberge (ProMBA ’05) was promoted to global customer and product support leader at Honeywell.
’00s Monte Masten (PEMBA ’00) became Aetna’s senior medical director of clinical transformation.
Pam Taylor (HCB ’91) was appointed CFO of Zoo Atlanta.
LBMC added Shannon W. Farr (HCB ’92) as a director in valuation and litigation support services.
Peachtree Capital, whose CEO is David Miller (HCB ’02), donated a sculpture they obtained after acquiring another company to the Ewing Gallery in Atlanta, Georgia.
Benito Alvarez (PEMBA ’01) co-authored the book Tomahawk Leadership.
Key Safety Systems made Jeff Larue (ProMBA ’01) its production control manager.
Dell promoted James Christmas (EMBA ’06) to executive director of global services support in North America.
Eneida Roldan (PEMBA ’03) was promoted to CEO for Florida International University Health and named Woman of The Year by the South Florida Hispanic Chamber of Commerce.
Zach Kissel (ProMBA ’06) became senior operations manager at Newell Rubbermaid.
Jaime Torres (ProMBA ’03) is now president of Trilithic.
Joshua Phoenix (ProMBA ’06) is now managing consultant with IBB Consulting Group.
Los Alamos National Laboratory made Armando Garza (ProMBA ’04) a project risk manager.
Jeff Babione (ADMBA ’08) was promoted to executive vice president and general manager of Lockheed Martin’s F-35 program.
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Lebanon Publishing Company promoted George Coleman (ProMBA ’08) to vice president and publisher of the Lebanon Democrat, Mount Juliet News, and Hartsville Vidette.
Aetna made Nancy Schuster (PEMBA ’09) its new medical director for national accounts care management solutions.
Missy Richardson (ProMBA ’11) became a quality representative at the Oak Ridge National Laboratory.
’10s Amec Foster Wheeler in the Middle East promoted Dave Cook (ProMBA ’08) to vice president of business development.
Steve Davis (ProMBA ’08) is now procurement manager for Firestone’s building products.
Gina Deutsch (ProMBA ’10) is now chief of staff for the director of final assembly operations at Boeing.
Brett Incarnati (ProMBA ’10) is now a chief operating officer at Telamon Group. Brian Holroyd (PEMBA ’11) received a Special Merit Award for outstanding contributions in emergency medicine in Canada.
Rusty Thompson (ProMBA ’08) became senior manager of transportation services with Mohawk Industries. Jacqueline Do (PEMBA ’08) became senior physician at the University of California, Riverside.
Michael Emmelhainz (ADMBA ’08) was promoted to Oklahoma City Site Director for Boeing.
Rob Laughlin (ProMBA ’11) is now engineering manager at Morgan Olson.
Kevin Antoine (ProMBA ’12) is now revenue manager at Videa, LLC.
Jay Arndt (ProMBA ’12) is now in charge of dealer development for Minnesota and North Dakota at Total Energy Systems.
Joe Aylor (ProMBA ’12) became marketing and business development manager with Bechtel National.
Scott Creasey (ProMBA ’12) became director of enterprise assessment, analysis, and reliability at Y-12.
FLW Southeast promoted J.D. Daniels (ProMBA ’12) to regional sales manager.
Gateway Health welcomed Anita Edwards (PEMBA ’12) as medical director.
Ivy Estes (ProMBA ‘12) is now senior customer services analyst for Fisher Price.
Theresa Herman (PEMBA ’12) is now chief quality officer at Saint Thomas Health. HealthStream promoted Cambrey Little (EMBA ’15) to director of sales for business.
Alex Beach (ProMBA ’12) became senior director of digital video strategy at Discovery. Enterprise Holdings promoted Isidro Loaiza (ProMBA ’12) to regional manager in Latin America and the Caribbean.
Matt Carr (ProMBA ’12) is now supply chain manager with Magnum Venus Products.
Gary Hicks (ProMBA ’08) was appointed state representative for the 9th District of Tennessee.
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Allen Wood (EMBA ’11) was accepted at University of South Florida’s DBA program.
Peter Johnson (EMBA ’11) joined Hitachi Powdered Metals as plant manager.
Summit Medical Group made Brian Levy (ProMBA ’11) its operations coordinator.
Filmmaker Daniele Anastasion is directing a docu-series on Sara Bowman Brown (HCB ’09), following her efforts to qualify for the Olympics in track while pregnant.
Kavon Togrye (HCB ’11) started a brewery called the Bearded Iris in Nashville, Tennessee.
Alere promoted Hut Coats (ProMBA ’12) to regional sales manager.
Wanda Mazurek (PEMBA ’11) was named the president of OptimaLogix.
Russell Clement (ProMBA ’12) is now a senior sales associate with IQMS, a California-based software company.
Candace McKeever (EMBA ’12) became a business improvement manager at Alcoa.
Renee Monhollon (ProMBA ’12) became the senior training manager at the Knoxville News Sentinel.
Paulo Oliveira (ProMBA ’12) is now the national sales manager for the Babcock & Wilcox Company.
Y-12 promoted Rebecca Boser (ProMBA ’13) to engineering services senior manager.
Michelle Park (ProMBA ’12) is now chain sales director in the west for Diageo Guinness USA.
PYA promoted Melissa Bosi (ProMBA ’13) to consulting manager of the project management office in Knoxville, Tennessee.
Accenture promoted Phillip Roberts (ProMBA ’12) to associate manager of treasury services.
Amit Ronghe (ProMBA ’12) is now client delivery manager with SQS Group.
Michael Brazill (ProMBA ’13) is now product marketing manager at Enovate Medical.
Eric Byrnes (ProMBA ’13) is now an outside plant engineer with Smithville Fiber.
Phillip Coule (PEMBA ’13) was named associate chief medical officer and chief patient safety officer for Georgia Regents Health System.
Erik Swanson (ProMBA ’12) is now a manufacturing shift technical advisor at Y-12. Justin Thepthongsay (ProMBA ’12) is now director of finance with the Hospital Corporation of America.
Arnau Vilalta (ProMBA ’12) now directs program management for Delphi Connection Systems North America.
Brian Barrett (ProMBA ’13) became vice president of client relations at CNS Healthcare.
Elizabeth Frankowski (PEMBA ’13) became CEO at Garden OB/ GYN in Garden City, New Jersey.
Jimmy Freland (ProMBA ’13) is now regional sales manager for Metals USA.
Dustin Garrels (ProMBA ’13) is now aluminum plant manager of the Warrick Operations for Alcoa.
Joel Keedy (ProMBA ’13) became a fiscal specialist with the Greater Nashville Regional Council.
Danny Kelley (ProMBA ’13) is now a marketing and sales representative for Boeing.
Heidi Trush Ketchum (EMBA ’13) started working in global distribution and transportation at Facebook.
Ray Lello (EMBA ’13) was promoted to district sales manager with Syngenta.
Caterpillar promoted Doug Gray (EMBA ’13) to global logistics network operations manager.
Rhonda Andrews Stewart (EMBA ’12) joined SB&A as the director of business growth. The Knoxville Business Journal named Ashley Stowe (ProMBA ’12) in its 40 Under Forty and R&D Magazine listed his research group as finalists for the R&D 100.
Krystal Forbes (ProMBA ’13) was promoted to regional account manager with RJ Reynolds.
Charles Cowles (PEMBA ’13) was promoted to associate professor of anesthesiology at MD Anderson Cancer Center and received the Texas Medical Association Silver Award for Academic Excellence.
Chuck Davison (EMBA ’13) is now president and CEO of FairfieldNodal.
Eric Fish (PEMBA ’13) assumed the role of vice president of physician practices at Schneck Medical Center.
Eastman Chemical promoted Matt Hale (ProMBA ’13) to manager of North America trucks.
Eugene Hampton (ProMBA ’13) is now assistant comptroller with Consolidated Utility District. Megan Houchin (ProMBA ’13) achieved her Lean Six Sigma Black Belt.
David Istvan (PEMBA ’13) was named president of Team Health Emergency Medicine Northeast Group.
Jesse Javors (ProMBA ’13) is now director of scheduling for AMC Networks.
Corbi Milligan (PEMBA ’13) was named chief medical officer at Methodist Healthcare.
Scripps Networks Interactive promoted Tracye Martin (ProMBA ’13) to program planning manager.
Brayden Min (ProMBA ’13) was promoted to deputy general manager of Sam Dong Georgia, Inc.
TVA promoted Josh Schneider (ProMBA ’13) to supply chain equipment reliability program manager.
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Joey Sharpe (ProMBA ’13) is now junior sourcing leader for Princecraft Boats.
Eastman Chemical promoted Srini Singamaneni (ProMBA ’13) to head of IT business services.
Mike Sweany (ProMBA ’13) became an intelligence analyst with the US Army.
Clint Swires (ProMBA ’13) is now the maintenance manager of Lhoist North America’s Anderson Plant outside Chattanooga, Tennessee.
Francisco Garcia Candelario (ProMBA ’14) became an electrical engineer at Mortenson Construction.
Erin Downey (ProMBA ’14) is now regional director of operations for Rural Metro’s East Tennessee region.
Chris Floyd (ProMBA ’14) is now assistant vice president for administration and PMO at RegionalCare Hospital Partners.
Meredith Futhey (ProMBA ’14) became the senior vice president and director of treasury management operations at First Advantage Bank.
Annette Brooks (ProMBA ’14) is now a senior subcontract administrator for URS/CH2M in Oak Ridge, Tennessee.
Eastman Chemical promoted Carlos Carvajal (ProMBA ’14) to global procurement manager.
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Steve Partch (ProMBA ’14) is now system health manager for the Y-12 National Security Complex.
Molly Kinard (ProMBA ’14) is now the director of the Professional MBA program at the Haslam College of Business.
The University of Tennessee Medical Center promoted Phyllis Walker (ProMBA ’14) to director of the LIFESTAR program.
Trey Klatt (ProMBA ’14) was promoted to technical manager with Royal Metal Powders.
Bryan McGann (ADMBA ’14) is the branch chief of contracts at the US Army Contracting Command.
Matt Meeuwsen (ProMBA ’14) was promoted to director, supply chain for North American planning, global inventory with Newell Rubbermaid.
Matt Ward (ProMBA ’13) became a coordinator in the office of budget and finance at the University of Tennessee, Knoxville.
Arjun Bhowmik (EMBA ’14) became senior director of integrated supply chain for confectionery in North America at Mondelēz International.
Jim Hinkle (ProMBA ’14) became director of sales at Kanbo International.
Barbara Grobicki (ProMBA ’14) became the chief development officer at the American Marketing Association.
Oren Guttmann (PEMBA ’14) was named the director of multi-disciplinary team training at UT Southwestern Medical Center in Texas. Rob Headrick (PEMBA ’14) was named president and CEO by his company, OR5 LLC, an OR design firm.
Michelle Mills (ADMBA ’14) was promoted within financial operations at Boeing.
TVA promoted Eric Murray (ProMBA ’14) to manager of the coal contracts team.
Nathan Williams (ProMBA ’14) is now assistant controller at Ice Industries.
Mondelēz International promoted Matteo Bernardi (EMBA ’15) to product supply director for chocolate in Europe.
Eastman Chemical promoted Donna Deason (EMBA ’15) to director of corporate innovation and strategy.
Chad Dishon (ADMBA ’15) became a program manager and test pilot for Cherokee Nation Businesses.
Robby Garcia (ProMBA ’15) is now senior project manager with Quality R.R.C. David Garrett (EMBA ’15) joined the Dialysis Center of Middle Georgia.
The US National Institute of Standards and Technology appointed Lily Otolorin (PEMBA ’14) as a Baldridge Performance Excellence Program Examiner.
The Knoxville Business Journal named Mary Shaffer Gill (ProMBA ’15) in its 40 Under Forty.
This update reflects information known as of March 31, 2016.
Mondelēz International promoted Cory Ann Holst (GSCEMBA ’15) to director of global business services.
Alex Howard (ADMBA ’15) has been accepted into the New Mexico School of Law.
HealthStream promoted Cambrey Little (EMBA ’15) to director of sales for business.
John B. Pracyk, (PEMBA ’15) is now franchise medical director for spine at DePuy Synthes Companies of Johnson & Johnson. Edith Rayford (PEMBA ’15) was named southwest director of clinical services at Central MS Health Services.
Emran Rouf (PEMBA ’15) was appointed to chair of cardiovascular work group at Scott & White Health Plan.
IN MEMORIAM veteran, he retired from TVA after more than 30 years of service.
’40s MARY LOUISE WATERS HAILEY (’42) died Dec. 30, 2015. During WWII, she worked for the War Production Board. JAMES C. “JIM” TALLEY II (’46), a decorated WWII veteran, died Dec. 19, 2015. He was a retired senior vice president of First Tennessee Bank. HENRY STANLEY FARMER JR. (’49), who died Dec. 5, 2015, was a WWII veteran. He worked 38 years for Ralston Purina Company. JACK MARSHALL (’49) died on Feb. 15, 2016. He served in the Navy and worked in the public relations department of the General Tire & Rubber Co. for 30 years. WILLIAM DEMPSTER SHARP (’47), a WWII veteran, died on Feb. 18, 2016. He was cofounder of Severance and Sharp CPA. HOWARD G. SWAFFORD (’41, ’47) served in the Tennessee Legislature and won his last jury trial at age 92. A WWII veteran, he died Feb. 4, 2016.
JOHN STEVENSON BYNON SR. (’56), a decorated WWII veteran, worked in personnel, labor relations, and general management at TVA. He died Dec. 11, 2015.
Jonathan Tucker (ADMBA ’15) was promoted to the C-130 logistics requirements Determination process planning chief for Robins Air Force Base. This update reflects information known as of March 31, 2016, and is listed first by decade, then alphabetically by graduation year.
EMORY JEFFERSON GREENE JR. (’52) died Dec. 26, 2015. A Korean War veteran, he founded Distribution Services. HAROLD “HAL” EARL HUBBARD (’54) died Oct. 14, 2015. He sold pharmaceuticals for more than three decades. JAMES SEIBER (’50), a Korean War veteran, died Oct. 3, 2015. He began at Wm. S. Trimble Co. as a salesman and retired as chairman of the board. AUDREY BROCK SMITH (’51) died Jan. 23, 2016. She was a publishing specialist and managing editor at the Office of Scientific and Technical Information. HARRY “SATCH” LEE TARTER (’51) a Navy veteran and sales executive/ general manager at Independence Communications, Muzak, died Oct. 13, 2015. ROBERT L. “BOB” KEENER (’59) served in the Navy and worked with the Department of Transportation for 32 years. He died March 9, 2016.
’50s JO EVELYN BAWCUM (’50) died Jan. 11, 2016. She had a long career in education.
The TN CPA Journal published a thesis by Jordan Tipton (HCB ’15) on accountants’ opinions on converging generally accepted accounting principals.
RICHARD W. GARLAND (’59), a Korean War veteran, died Dec. 30, 2015. He worked at the DuPont Company for 31 years.
CARL NORMAN CORNELIUSSEN (’58) died Nov. 16, 2015. A Korean War veteran, he had a career in manufacturing management. KAY ECKFORD (’56, ’61) was owner of Orange Business Systems, a computer programming company in Orlando, FL. She died on Dec. 7, 2015. COLA LAVERN “VERN” EDWARDS (’58) died Dec. 1, 2015. An Air Force
DAMON KING (’57) was president and CEO of Navicent Health from 1968 to 1997. He died Nov. 16, 2015. CARL HERMANN LANGSCHMIDT JR. (’54), a Torchbearer, died Nov. 18, 2012. He served in the Army, then practiced law in Memphis, TN, for 45 years. CHARLES EDWARD LEAHY (’50) died Feb. 22, 2016. He was an employee of Western Electric/AT&T Corp. for 37 years and served in the Korean War. FLOYD GLENN MOORE JR. (’56) worked at Arnold Engineering Development Center on space simulation. He died Feb. 26, 2016.
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ALUMNI NEWS NEAL O’STEEN (’50), a Naval veteran, died March 6, 2016. He was editor of the News Bureau at the University of Tennessee and became director of publications. ROBESON CARTER PICKEL (’56) died March 3, 2016. WILLIAM HODGES REAGAN SR. (’50) died Dec. 4, 2015. He served in the Navy and retired as president of the George W. Reagan Co. after 42 years. ROBERT DAVID ROE (’57), an Army veteran, died Jan. 3, 2016. He retired from the Union Bank in Pulaski, TN, after a long finance career. DOLA SCHILD TYLOR (’58) died Nov. 10, 2015. She was a draftsman with the Army Corp of Engineers in Okinawa, Japan. ROBERT “BOB” LOUIS MCLEAN WESLEY (’54) served in the Army and died Nov. 15, 2015. He was public relations manager of the Y-12 Plant.
’60s BRYCE ROBERT ADIE (’69) died Jan. 19, 2016. He served as the vice president of human resources at Wisconsin Tissue Mills. WILLIAM JOHNSTONE BRITTON III (’60), an Army veteran, formed the Britton Corporation. He died Oct. 26, 2015. ROBERT WALLACE “BOB” CARNEY (’64), a partner at the law firm of Pryor Johnson Carney Karr & Nixon in Colorado died in February 2016. HELEN CLAIBORNE FLEISHEL (’60) of Canton, GA, died Jan. 10, 2016. W. DUWAYNE JAMES (’60) died Nov. 5, 2015, in Surprise, AZ. BILLY RAY PARISH (’67) died Feb. 18, 2016. A Vietnam veteran, he worked as a CPA for the Tennessee Emergency Management Agency.
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CHARLES CARLTON MATTHEWS (’66) died Nov. 26, 2016. JACK B. SHARP (’63) founded an insurance agency and Bargain Mart Classifieds. He died Feb. 29, 2016. JOSEPH TAYLOR (’62) died Oct. 15, 2015. He worked for Berkline, Forest Products, Magnavox, and Assured Castings. TOMMY WALL (’69, ’74), an Army veteran, served as the city attorney of White Pine and judge of Jefferson City. He died Sept. 24, 2015.
’70s ROBERT MARSHALL “BOB” BAILEY (’76, ’78) died Jan. 4, 2016. He founded the law firm of Bailey Roberts & Bailey, PLLC. BEN KEVIN BRITTON (’78) died on Nov. 30, 2015. MURPHEY M. DARE (’70) served in the Navy then in the Department of Energy for 31 years. He died on Feb. 19, 2016. WILLIAM D. FERRELL JR. (’78) died Feb. 10, 2016. He was a computer systems analyst. R. GARY HIGGINS (’78) worked in real estate and died on Jan. 14, 2016. ELAINE EVANS HUBER (’79) worked at Oak Ridge National Laboratory for 10 years in environmental sciences. She died on Jan. 1, 2016. JOHN GILBERT HUGHES (’78) served in the Air Force. He was an audit manager with DuRant, Schraibman & Lindsay for 20 years until he died on Nov. 16, 2015. ROBERT JOSEPH “BOB” NICHOLSON, JR. (’73) died Jan. 12, 2016. He was a CPA and worked for Olin Chemical. JAMES GIBBS OWEN III (’71) was a partner in Tilt-Or-Lift and became a commercial real estate broker. He died Jan. 28, 2016.
PAUL WILLIAM QUEEN (’72) of Deatsville, AL, died March 10, 2016. JAMES K. “JIM” WAKEFIELD III (’70), founder of the Wakefield Corporation, died Feb. 15, 2016. COL. WILLIAM FRANK SKIDMORE (’73) was assistant director of the Center for Business and Economic Research after retiring from the Army. He died Feb. 12, 2016. DANIEL CASEY TYRRELL (’79), founder of Tyrrell Appraisal Services, died March 8, 2016.
’80s JOSEPH JOHN CASTRO (’80) died March 1, 2016. He spent 32 years at Raymond James & Associates, becoming senior vice president of investments and planning.
’90s PAUL BOWEN (’90, ’92) died on Oct. 21, 2015. He was a professor at UT, Auburn, Florida State, and the University of Queensland, Australia. SEAN WESLEY GOODMAN (’90, ’91) worked as an EBI Solutions Consultant at Kimberly-Clark Corp. and died Dec. 6, 2015. DANA HENEGAR (’95) died Jan. 24, 2016. She worked in banking before becoming a fitness professional. JOHN F. STONE (’90) died Dec. 12, 2015. CATHERINE TAYLOR (’92), a former systems analyst at the Nuclear Weapons Complex in Oak Ridge, died Oct. 21, 2015.
ZANE GOODRICH (’81), chief financial officer and vice president of finance at East Tennessee Children’s Hospital, died Jan. 17, 2016.
DONALD RODNEY FLATAU (’01) died on Jan. 6, 2016. He had a 20-year career with John Deere.
LINDA G. HICKS (’80) died Feb. 17, 2016. She was a long-term employee of ORNL Federal Credit Union.
JOHN FISHER MORTON (’02) died Nov. 16, 2015. He worked at Ryder Logistics as a manager of supply chain engineering.
BARBARA HARRISON HOPKINS (’82) died Feb. 8, 2016.
MARY KATHERINE “KATIE” CONNELL (’08) died on Jan. 20, 2016.
JEROME E. “JERRY” QUINLISK (’81) a Tennessee artist, died on Jan. 11, 2016. He was a partner in Plants Alive, a local interiorscape company. JOHN RANDALL “RANDY” LEE (’84) died Feb. 22. He retired as Coca-Cola’s vice president of the Mid-Atlantic region. STEPHEN C. MOGAR (’84) worked as director of operations for Aetna. He died on Oct. 31, 2015.
’10s TODD LANG (’12) was the chief medical officer at Coliseum Medical Center in Macon, GA. He died March 2, 2016.
If you have an obituary for a University of Tennessee, Knoxville, Haslam College of Business alumnus, please submit it to us at Haslam@utk.edu using “In Memoriam” in the subject line.
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Haslam Magazine is the alumni publication of the Haslam College of Business at the University of Tennessee, Knoxville.