W.L. Mellon Society Member

Carol Jackson elected by HarbisonWalker to serve as CEO

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HarbisonWalker International (HWI), the largest supplier of refractory products and services in the U.S., elected Carol R. Jackson, MSIA ’98, to be HWI’s chairman and chief executive officer effective July 1, 2017, succeeding Stephen Delo. Jackson had served as senior vice president and general manager at HWI. Jackson, with support from the leadership team, is committed to delivering on HWI’s mission and achieving its vision.

Delo noted, “I’m extremely confident in the leadership of Carol Jackson as she assumes the role of chairman and CEO. Carol is a natural leader and manufacturing industry veteran and has played a key role in helping run the company for the past three years. Her outstanding performance at HWI, along with a proven track record of success and prior significant leadership roles, all reinforced the board’s unanimous agreement in this transition plan. HWI is in talented, capable hands.”

“I’m honored to be elected as the next chairman and CEO for HarbisonWalker International. Each day, our teams are working hard to produce and innovate, and they are an amazing group of people,” Jackson added. “As we drive forward, HWI will continue to evolve for future growth by building on the strong foundation we’ve all been creating together.”


Korea Investment Corporation promotes Jung Hee Han to Head of Hedge Fund

❊ Jung Hee Han, MBA ’05, became head of the hedge fund section at Korea Investment Corporation (KIC). KIC is a sovereign wealth fund of South Korea with over $120 billion under management. Han joined KIC in 2008 and worked at KIC’s New York office from 2013 to 2016. He came to KIC from Shinhan Bank, based in Seoul.

Han and his wife, Hyunjung Lee, have two children, Emily Hyekyu Han and Seungkyu Han. He is an active volunteer for and contributor to the Carnegie Mellon Korean Alumni Chapter. He also serves on the board of the alumni chapter for Sung Kyun Kwan University, where he received his bachelor’s degree in economics.

Keith Law’s “Smart Baseball” challenges analytical methods in baseball

Keith Law, MSIA ’99, a senior baseball writer for ESPN, has written “Smart Baseball: The Story Behind the Old States that are Ruining the Game, the Ones that are Ruining It, and the Right Way to Think About Baseball,” published by HarperCollins. The publisher describes the book as “Predictably Irrational” meets “Moneyball,” using big data analysis to argue against traditional wisdom about player statistics. Law says he hopes the book will make even casual fans conversant with the new statistics being bandied about these days called sabermetrics, a term coined by baseball historian Bill James and derived from the acronym SABR, for the Society for American Baseball Research. Law earned a bachelor’s degree in sociology and economics from Harvard University before coming to Carnegie Mellon for his master’s degree.


Beth Eby selected for senior vice president and CFO at Neophotonics Corporation

NeoPhotonics Corporation, a leading designer and manufacturer of optoelectronic solutions for the highest speed communications networks in telecom and datacenter applications, announced the appointment of Elizabeth “Beth” Eby, MSIA ’91, as the company’s senior vice president and chief financial officer.

Eby most recently held the position of vice president of finance and group chief financial officer for Intel’s Internet of Things group. Prior to that she was vice president of finance and group controller for Corporate Financial Planning & Reporting, where she was responsible for all financial, audit committee and SEC reporting. She earned a bachelor’s degree in applied mathematics from the University of Michigan and her master’s at Carnegie Mellon.

“On behalf of the board and management I would like to welcome Beth to NeoPhotonics,” said Tim Jenks, chairman and CEO. “Beth’s experience in the semiconductor industry and deep expertise in running finance organizations with complex, best-in-class global fabrication operations both in the U.S. and in Asia will be an immediate asset to NeoPhotonics. We are looking forward to Beth’s contributions to the team as we continue grow and scale our business.”

“I am excited to join the team at NeoPhotonics,” Eby said. “The acceleration of cloud services environments and proliferation of connected devices in every facet of daily life is driving the need for higher and higher bandwidth and for advanced optical networks. I look forward to bringing my experience to bear in driving profitable growth at NeoPhotonics.”


Michael Herskovitz joins board of directors for Depository Trust & Clearing Corporation

❊Michael Herskovitz, MSIA ’83, BSIM ’82, was elected to the board of directors of the Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry. Herskovitz is the director of fixed income risk operations and technology and co-head of Enterprise Operational Risk at AllianceBernstein (AB). Herskovitz joined AB in 2006 from UBS, where he was the managing director for Risk and Finance Technology. He has held senior technology management and quantitative research positions with Morgan Stanley — including the London-based role of international CIO — and with Merrill Lynch and Zurich Scudder Investments. During his quarter century in financial services, he has had extensive analytical and technical experience with fixed income, commodities, derivative products and risk management. Herskovitz has co-authored two books and many research papers on mortgage-backed securities pricing and analytics. He holds a bachelor’s degree in operations research and a master’s in industrial administration from Carnegie Mellon. He has served as chairperson of the Asset Managers Forum and is currently a member of SIFMA’s Operations and Technology Steering Committee.


CVC Capital Partners names Yoshiaki Fujimori its Japan Senior Executive Advisor

Tepper School alumnus and Carnegie Mellon Board of Trustees member  Yoshiaki Fujimori, MSIA ’81, was appointed as senior executive advisor of Japan for CVC Capital Partners (CVC) in its Tokyo office. He currently serves on the boards of Tokyo Electric Power Company, Takeda Pharmaceuticals and Boston Scientific. Prior to this, he spent five years as CEO at LIXIL Corporation, the Japanese manufacturer of building materials and housing equipment. Before joining LIXIL Corporation, Fujimori spent 25 years at General Electric, where he held various management roles, most recently as chairman and CEO of GE Japan and as senior vice president. He holds an engineering bachelor’s degree from the University of Tokyo and a master’s degree from Carnegie Mellon.

Steve Koltes, co-chairman of CVC, said, “Fuji brings a wealth of knowledge about the Japanese market and will provide us with expert insight given his network of contacts in the region. I am confident that his counsel will greatly help us as we continue to expand our local presence and look for investments across Japan.”

Fujimori added, “CVC is a well-established global leader, with a pan-Asian network. I am very impressed with the quality and depth of both its platform and personnel. I look forward to advising CVC’s portfolio companies and deal teams to enhance the firm’s existing successes.”

Stéphane Pallage appointed president of the University of Luxembourg

The Board of Governors of the University of Luxembourg recommended Stéphane Pallage, Ph.D. ’95, for president of the university. Pallage will assume the role Jan. 1, 2018. “His knowledge of several academic cultures and experience in running a major institution of higher education and research convinced the board of governors that professor Stéphane Pallage will be the driving force of sustainable development for the university, its international reputation, and its rooting in the social and economic fabric of Luxembourg,” said Yves Elsen, chairman of the board.

The university, founded in 2003, has three faculties comprising its academic disciplines: the Faculty of Science, Technology and Communication; the Faculty of Law, Economics and Finance; and the Faculty of Language and Literature, Humanities, Arts and Education.

Pallage earned his Ph.D. in economics under the tutelage of Finn Kydland, The Richard P. Simmons Distinguished Professorship, University Professor of Economics, Nobel Laureate (2004). He has served as the dean of the University of Quebec’s School of Management since 2013.


Yasuhiro Kobayashi rises to role of president at Hoshizaki Corporation

Hoshizaki Corporation appointed Yasuhiro Kobayashi, MSIA ’99, as its new president and representative director to serve alongside company chairman and representative director Sakamoto Sakamoto. Kobayashi joined the company in September 2008. He previously served as manager of the business planning office in the company. Prior to working for Hoshizaki, Kobayashi worked for the Alpen Co. Ltd., Nippon Mitsubishi Oil Corporation and Accenture. He received his undergraduate degree from Osaka University and his master’s from Carnegie Mellon. Hoshizaki is a global manufacturing leader specializing in commercial kitchen equipment including ice machines and refrigeration products.


Tepper School taps Don Heberle for Business Board of Advisors

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 Don Heberle, MSIA ’94, joined the Tepper School’s Business Board of Advisors (BBA). The BBA meets regularly with the dean and school leadership and provides frequent, ongoing input and direction regarding key strategic initiatives. This academic/corporate partnership represents an exceptionally strong, involved team of CEOs, entrepreneurs and senior executives who are committed to supporting and advancing the mission and goals of the Tepper School.

Heberle is chief executive officer of BNY Mellon Wealth Management, one of the top 10 U.S. wealth managers and ranked the Top Private Bank in North America by Family Wealth Report. He oversees a business with more than $197 billion in client assets and about 2,000 employees in key markets across the U.S. and globally. Before his appointment as CEO in July 2015, Heberle served as executive director of BNY Mellon Wealth Management responsible for wealth strategy and international wealth management. In this role, he oversaw the organization’s International Wealth Management business, its Family Wealth Advisory and Wealth and Estate Strategist groups, and client service delivery strategy. Heberle joined the firm in 1997. He earned a bachelor’s degree in economics from Harvard University and an MSIA in finance and accounting from Carnegie Mellon. He is a member of the BNY Mellon Investment Management Executive Committee and also serves on the BNY Mellon Operating Committee and as president of BNY Mellon Pennsylvania. He is a former president of the Harvard Club of Western Pennsylvania and chairman of the BNY Mellon Foundation of Southwestern Pennsylvania.


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