W.L. Mellon Society Member

Stephen Gold moves into new role at Honeywell

Honeywell named Stephen Gold, MSIA ’84, as vice president and general manager of Connected Enterprises.

In making the announcement, Darius Adamczyk, Honeywell’s chief executive officer, said, “Stephen’s track record of leading successful connected enterprises and building software-focused businesses across industries and geographies will provide a strong foundation for leading our connected businesses. Among his many responsibilities will be leading our new Atlanta Software Center.”

“Honeywell has a unique position in the market, serving both the consumer and commercial sectors, bringing deep subject matter expertise and a legacy of delivering extraordinary value,” Gold said. “Our focus will bring together the physical world with data and digital intelligence, including next-generation artificial intelligence technology and advanced analytics. I am excited by the opportunity to deliver greater customer value and to work with such an accomplished team and organization.”

Most recently, Gold served as principal architect and chief marketing officer of IBM’s Watson Group as well as vice president of business development, commercializing solutions based on Watson’s transformative technology in industries such as health care, finance, education, retail, marketing and supply chain management and in the Internet of Things. He also oversaw partner programs, investments, and mergers and acquisitions for Watson. Prior to that, Gold was CMO of SPSS Inc., a provider of predictive analytics software and solutions that was acquired by IBM. Before SPSS, Gold served as president of the Aberdeen Group, a data science firm. Gold also held positions at Digital Market (now Oracle), Reptron and CalAbco/Packard Bell.

Angela Blanton promoted to Carnegie Mellon’s CFO role

Angela Blanton, MSIA ’99, was named as vice president for finance and chief financial officer for Carnegie Mellon University. Formerly director of operations in the Finance Division, she has been a member of the Carnegie Mellon staff since 2015. In addition to being responsible for the leadership of university business and finance functions, she oversees Audit Services, the Treasurer’s Office, the Controller’s Office, Budget and Financial Planning, Procurement, and Business Systems and Services. Boasting a bachelor’s degree in electrical engineering from the University of Michigan and an MSIA from the Tepper School of Business, she began her career as an electrical engineer with Delphi Automotive and Chrysler. Following this, she worked at PPG Industries and then PNC Financial Services as a finance manager. Before joining the Carnegie Mellon staff, she had worked her way up to CFO for PNC Financial Services brokerage investment business.

Deepak Ahuja resumes role as CFO at Tesla

Tesla announced that Deepak Ahuja, MSIA ’93, has rejoined Tesla as CFO. He was Tesla’s first CFO when he joined the company in 2008, and he retired from Tesla in 2015 following the hiring of his replacement. He was a crucial part of Tesla’s process of going public, which the company did in 2010. A seasoned auto industry finance executive with 15 years of experience at Ford Motor Company, Ahuja served as the controller for Ford’s small cars product development program, a strategic initiative to bring several fuel-efficient cars to Ford’s lineup in the United States. Previously, Ahuja was CFO for Ford of Southern Africa, a $3 billion subsidiary where he oversaw the finance, legal and IT functions. Prior to that, Ahuja served as CFO for Auto Alliance International, a joint venture between Ford and Mazda with over $4 billion in revenue. He spoke of his career experiences to students at the Tepper School as part of the W.L. Mellon Speaker Series in October 2016.

Union Pacific promotes Eric Butler to chief administrative officer

Union Pacific appointed Eric Butler, MSIA ’86, E ’81, executive vice president and chief administrative officer in December 2016. In this position, he develops and leads companywide strategic planning initiatives, along with overseeing human resources, labor relations and general administration. Previously, he served as executive vice president and chief marketing officer, a position he had held since March 2012, after serving seven years as vice president and general manager for industrial products and two years as vice president and general manager for automotive. Since joining the railroad in 1986, he has held a number of positions, including vice president of supply and purchasing and vice president of planning and analysis. Butler was appointed to the Federal Reserve Bank of Kansas City’s Omaha Branch Board in 2015. He has been a member of the Tepper School Business Board of Advisors since 2014 and served as a member of the Tepper School Alumni Board from 2011 to 2014.

Chicago Booth names Madhav Rajan its new dean

Madhav Rajan, Ph.D. ’90, was named as the new dean of the University of Chicago Booth School of Business. Rajan most recently served as the Robert K. Jaedicke Professor of Accounting in the Graduate School of Business (GSB) at Stanford University, where he also held a courtesy appointment in the Stanford Law School. He served as senior associate dean for academic affairs at Stanford GSB from 2010 to 2016. His term as dean of Chicago Booth will begin July 1.

As senior associate dean for academic affairs, Rajan served as head of the Stanford MBA program, overseeing admissions, curriculum, the student experience and career management. During this time, he launched new joint-degree programs with the engineering school and rolled out initiatives for tighter integration with Stanford University.

Rajan’s primary area of research interest is the economics-based analysis of management accounting issues, especially as they relate to the choice of internal control and performance systems in firms. He has served as editor of The Accounting Review from 2002 to 2008 and is co-author of Cost Accounting: A Managerial Emphasis, the leading cost accounting textbook used around the world. 

In 2000, Rajan won the David W. Hauck Award, the highest undergraduate teaching award at the Wharton School at the University of Pennsylvania. He also received the Robert T. Davis Award for a lifetime of service and achievement, the highest faculty recognition awarded by the Stanford Graduate School of Business. 

Rajan completed his bachelor’s degree at the University of Madras, India. He holds a Ph.D. and two master’s degrees from Carnegie Mellon University.

Yelp acquires Robb Myer's NoWait app for $40 million


Yelp, best known for its restaurant rating app, bought the Pittsburgh startup NoWait for $40 million.  Robb Myer, MBA ’06, founded NoWait, an app for managing restaurant waiting lists, in 2010 with Richard Colvin, ETC ’04; James Belt; and Luke Panza. Myer served as a board member at the time of the acquisition. The Pittsburgh Technology Council named it “Startup of the Year” in 2014. NoWait was one of the first companies to come through the Pittsburgh-based Innovation Works’ startup accelerator, AlphaLab.

Myer is now back on campus as an Entrepreneur-in-Residence at the Swartz Center for Entrepreneurship. At the center, he shares his insights and experiences in working with founders all across campus to help them launch the next great CMU startups. 

Earlier in his career, Myer worked as an application engineer, program manager and venture associate at Agilent Technologies in Palo Alto, California, as well as a communication engineer at the Kennedy Space Center in Merritt Island, Florida.

BBVA Compass names Onur Genç as its next CEO

Onur Genç, MSIA ’97, is currently deputy CEO of Garanti Bank, Turkey’s largest bank by market capitalization ($9 billion) and the BBVA Group’s most advanced franchise in digital sales, and he will join BBVA as CEO. Genç leads Garanti’s retail banking, private banking and asset management efforts, among other responsibilities. He joined the bank in 2012 and was named deputy CEO in 2015. Garanti serves about 14.4 million customers and is the top institution among private banks in Turkey in terms of mortgages, consumer loans, auto loans and credit cards. BBVA is Garanti’s largest shareholder, with a 39.9 percent stake.

Prior to Garanti, Genç was a senior partner and Turkey office manager at McKinsey & Company, joining the global management consultancy firm in Canada. He became partner in 2004, rising to senior partner and Turkey Office Manager in 2009 at age 34. Genç started out his career in 1997 as a financial controller for American Airlines in Dallas, Texas. He holds a bachelor’s degree in electrical engineering from Boğaziçi University in Istanbul in addition to his MSIA. Genç is married and the father to 12-year-old twins.

Lori Heinel quoted in Business Insider on behalf of State Street

State Street Global Advisors installed a statue of a girl facing down the charging bull on Wall Street, as part of a new campaign to spotlight the dearth of women on corporate boards. In a Business Insider article on March 17, 2017, Lori Heinel, MSIA ’92, spoke on behalf of State Street as deputy global chief investment officer. “One of the most iconic images on Wall Street is the charging bull,” Heinel said. “So the idea of having a female sort of stand against the bull or stand up to the bull just struck us as a very clever but also creative and engaging way to make that statement.” Heinel is an active member of the Tepper School Alumni Board and the Tepper Boston Alumni Community.

Ed Harrington rises to CFO role at Genentech

❊ Ed Harrington, MSIA ’99, assumed the role of Genentech’s chief financial officer and head of Pharma Finance North America. Harrington also leads the Genentech Site Services function. He is a member of the Genentech Executive Committee and the Global Pharma Finance Leadership Team.

Harrington joined Roche in 2001 as finance director for U.S. Consumer Health in Nutley, New Jersey. Two years later, he became finance director for U.S. Pharma Alliances, General and Administrative, Tech Services and IT. In 2006, Harrington moved to Switzerland as global head of Pharma Strategic Alliances and R&D Portfolio Controlling. He then joined Roche Canada as vice president and chief financial officer from 2010 to 2012. In 2013, Harrington moved to Roche China, where he was vice president of finance. In this role, he was responsible for finance, procurement and business development.

Prior to joining Roche, Harrington held finance and accounting positions in companies including J.P. Morgan, Ernst & Young and Federated Investors.

In his role as CFO at Genentech, Harrington is most excited about “making a significant difference in the lives of patients. That’s why we come to work every day!”

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