Tippie Magazine (Summer 2020) - Tippie College of Business

BRING IT.
COVID-19
Comes to Campus
INSIDE
TIPPIE GATEWAY
PROGRAM GRADUATES
INAUGURAL CLASS

SUMMER 2020
Tippie College of Business
MAGAZINE
2
FEATURE STORY
INSIDE
An Important Milestone for the Tippie Gateway Program
Inaugural class graduated May 2020
By Lynn Anderson Davy
ON THE COVER
Courtney Janssen (BBA20)
graduated in May with a
degree in business
analytics and information
systems. The college’s
spring commencement
ceremony was held
virtually given the global
pandemic of COVID-19.
Photo by Maddy Andresen.
8
18
Last Mile Delivery
Pairing autonomous delivery trucks with human delivery could
save transportation companies millions
By Jennifer Wagner
Scholarships from a Secret Millionaire
Three Tippie grads share their stories
By Michelle Sillman

15
18
Tippie Magazine correspondence should
be directed to Rebekah Tilley, Editor,
Tippie Magazine, Tippie College of
Business, 108 John Pappajohn Business
Bldg., Iowa City, IA 52242-1994.
Copyright © 2020.
Tippie College of Business,
University of Iowa. All rights reserved.
PUBLISHER/
INTERIM DEAN
Amy Kristof-Brown
amy-kristof-brown@uiowa.edu
EXECUTIVE DIRECTOR
OF COMMUNICATION,
ALUMNI, AND
EXTERNAL RELATIONS
Barbara Thomas
barbara-thomas-2@uiowa.edu
EDITOR
Rebekah Tilley
rebekah-tilley@uiowa.edu
DESIGN
Rebecca Skalsky
de Novo Marketing
thinkdenovo.com
WRITERS
Lynn Anderson Davy
Amanda May
Michelle Sillman
Rebekah Tilley
Jennifer Wagner
PHOTOGRAPHERS
Bella Volfson Photography
Frees Frame Photography
Maddy Andresen
Emily Archer
Mark Battrell
Claire Carlson
Jonathan Chapman
Amanda May
Brooke Paulsen
Justin Torner/UI
UI Marketing + Design
SECTIONS
Tippie by the Numbers ............................................................ 7
College News ......................................................................... 10
Alumni News ......................................................................... 14
In Memoriam ......................................................................... 20
2
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Summer 2020 | 1

FEATURE Story
TIPPIE GATEWAY
OPENS DOORS
FOR PARTICIPANTS
Inaugural class graduated in May
2 | UI Tippie College of Business

Brooke Kelley (BBA20)
BY LYNN ANDERSON DAVY
W
hen students who attended the Tippie Gateway Program talk about it,
they always speak about it in terms of before and after.
Before: “I wasn’t sure if I would go to college. All my high school friends were
applying to community college. I didn’t know what I wanted to study. A degree in
business was not part of my plan.”
And after: “My confidence improved. I made new friends. I started studying
accounting and found out that I loved it. I met staff members and professors who
helped me network and find internships. I did a semester abroad, something I
never thought I would do. My life changed—forever.”
Tippie Gateway started in 2015 to recruit populations underrepresented in
business—women as well as first-generation, LGBTQ+, and students of color. It’s
important to reach out to these students early—so that they take the necessary
math requirements needed for college and/or business school. Many Tippie
Gateway participants are entering their senior year of high school and still have
time to make a decision about college. Five years in, the program graduated its
first cohort in May.
Summer 2020 | 3

FEATURE Story
These students—who would have never
explored a career in business—are set
to make their contributions in the
working world.
And while there is still more progress to
be made, administrators and financial
supporters of the program—including
PwC, Wells Fargo Bank, and Tippie
alumni—say they are pleased with the
results. The program is building
momentum recruiting high school
students from Iowa and parts of Illinois
and Wisconsin.
Peer-mentor Jose Duran (BBA20) leads a
cohort of 2019 Tippie Gateway students
to consult with a local Iowa City business.
78%
52%
60% Female
38% Male
1% Transgender
“At the end of the program, we survey
our participants. Almost 100 percent of
the students tell us that as a result of the
program they are ‘more likely’ or ‘much
more likely’ to attend Iowa and to study
business,” says Mark Archibald, assistant
director of first-year experience and
co-director of the program with Gabriela
Rivera, assistant director of diversity,
inclusion, and student success.
NEVER SAY NEVER
Since its inception, Tippie Gateway has
brought 148 high school juniors to
campus for a free, one-week, intensive
immersion into college life and business
studies. During students’ stay in Iowa City,
they take part in business simulations and
group projects and interact with Tippie
students, professors, alumni, and business
professionals. For some students, it’s their
first visit to a college campus.
“My experience with the Gateway
Program has completely shaped the
person I am today,” says Brooke Kelley
(BBA20), a member of the inaugural
Tippie Gateway cohort who graduated
with a degree in accounting in May.
“The program helped me decide that I
Tippie Gateway
Participants Who
Are Persons of Color
(2015-2019)
Tippie Gateway Participants
Who Are First-Generation
College Students
(2015-2019)
Tippie Gateway
Participants
(2015-2019)
wanted to be a business major, that I had a home at the Tippie College of
Business, and, most importantly, that I could actually come to study at the
University of Iowa.”
Kelley is a first-generation college student, and when she was growing up
in Nevada, Iowa, she doubted she would be able to attend a four-year
institution. No one in her immediate family had attended college, and
she had little idea of what she would study if she did go to college. But all
of that changed when she received a postcard from Tippie inviting her to
apply to Tippie Gateway.
Something similar happened to Anibal Mares Márquez (BBA20), a son of
Mexican immigrants who settled in Rock Valley, Iowa, in 2010. Mares
Márquez was also a member of the inaugural Tippie Gateway cohort and says
he will never forget the day his mother told him he’d received mail from the
“Hawkeyes.” At the time, Mares Márquez had a vague notion of what a
Hawkeye was, but he had no idea it was the University of Iowa’s mascot.
Nearly five years later, Mares Márquez graduated with a BBA in accounting
and he’s ready to take on the world. He has a job with PwC and will also
work with Tippie Associate Dean for Undergraduate Programs Ken Brown
to recruit Spanish-speaking high school students from South and Central
America. Before the COVID-19 pandemic, the two were supposed to travel
to these regions, but now the project will be research-focused.
4 | UI Tippie College of Business

“To be honest, I initially didn’t want to participate in the Gateway
Program, but once I did, it became clear to me that I had a place at Tippie
and that studying here was a possibility for someone like me. Today,
Tippie feels more like a family to me than a college. I wouldn’t trade the
experience I’ve had here for anything.”
ANIBAL MARES MÁRQUEZ (BBA20)
GIVE TO
THE TIPPIE
GATEWAY
PROGRAM
Consider making a gift in
support of the Tippie
Gateway Program. Your gift
supports not only summer
programming but other
programming that makes the
Tippie undergraduate
experience second to none.
Participants who choose to
become students at Tippie
may receive support through
scholarships, summer
internships, or study
abroad opportunities.
Both Mares Márquez and Kelley studied
abroad in Italy and were able to
participate in prestigious summer
internships, thanks in large part to
financial aid and Tippie’s extensive
alumni and recruiter network. During
their four years at Tippie, they
volunteered as BizEdge mentors to help
Tippie students with similar
backgrounds integrate into college life
and succeed. Tippie administrators and
professors who know Mares Márquez
and Kelley, say they are hard workers
and extremely motivated.
Strong work ethic and determination
are not unusual among Tippie Gateway
participants. A parent wrote that her
daughter “would not be deterred” in
her decision to attend Tippie after her
one-week immersion.
pay for tuition and other collegiate
expenses once they enroll as a student.
The elements that make the Tippie
education so rich, such as internships
and study abroad, are frequently out of
financial reach for these students.
“At this point, we know that a majority of
students who come through the program
will want to come to Tippie,” says Rivera.
“We have been able to get them some
financial help, but we also believe that
every student should have the same access
to all that Tippie offers, and that means
access to study abroad, research
opportunities, and dorm life—all of
which comes with a price tag.”
And so, Rivera and Archibald are
intensifying their fundraising and
sponsorship efforts.
GIVE NOW
GIVETOIOWA.ORG/GATEWAY
“She connected with the student
leaders, lecturers, and the real-life
career directions that Tippie helped
her see,” wrote Kesho Scott, whose
daughter, Mezekerta Scott, attended
Tippie Gateway in 2018. “Moreover,
she has found a vocational frame that
makes sense to her and provides her
with a path for the way she wants to be
of service to her race, gender,
community, and country.”
But the problem today is not so much
convincing Tippie Gateway students
to attend Tippie, but helping them
“While we can be proud of how far we’ve
come and of the many successes of our
Gateway participants,” says Archibald,
“we’ve got to think bigger.”
A BETTER GATEWAY
Tippie alumni Stephen Belyn (BBA91),
managing director of corporate finance
and restructuring at FTI Consulting in
Chicago, and his wife Pamela, are
generous supporters of the program.
The couple and their children often
visit Iowa City during the summer
program, which is held in June, and
meet with participants.
Summer 2020 | 5

FEATURE Story
Over the years, they have kept in touch with students
and been able to mentor some of them.
“We got involved with the program in 2016 because of its
straightforward approach and comprehensive overview of
the opportunities in business,” says Belyn.
“I want to do even more for the Gateway Program
because my wife and I want everyone—participants, their
parents, professors—to be of the mindset that a Gateway
participant who enrolls at Tippie can and should be as
successful as any other student,” says Belyn. “And by
successful, I mean earning strong grades, gaining valuable
internship experience, and receiving employment offers
from top firms just like everyone else.”
RECRUITERS ARE WATCHING
For Belyn and others, the fact that recruiters are
circling and nabbing Tippie Gateway participants for
competitive internships and jobs, is exciting, and
certainly evidence of the program’s promise.
Rachel Gordon, Minneapolis market recruiting leader
for PwC, has been a fan of Tippie Gateway since 2017.
Gordon, herself a first-generation, four-year college
graduate, is working to help PwC recruit a diverse
workforce and sees programs like Tippie Gateway as
the key to such an effort.
“I have been highly impressed with the caliber of these
students, and I love watching how they come together and
bond during the program,” says Gordon. “It’s amazing to
watch them find their places in the business school
environment, places they couldn’t have imagined preprogram.
PwC has and will continue to hire as many of
these students as we can.”
PwC has been an early and strong supporter of this
program since its inception. Now that the first
participants have graduated, the company is seeing the
results firsthand. With Mares Márquez poised to join
the company after graduation, he’s launching his career
at the very firm that helped give him the experience
that inspired him to study business. The Tippie Gateway
Program has a proven record of opening doors for a
new generation of business leaders. •
BREAKING DOWN BARRIERS
TO DIVERSITY
CHALLENGE
Women and minorities continue to believe that entry
into careers in business come with too many risks.
SOLUTION
Use inclusive language when describing careers
broadly and jobs specifically. The language used
impacts perceptions of that job, says Michele
Williams, assistant professor and John L. Miclot
Faculty Fellow in Entrepreneurship. “A word like
‘analytic’ could generate a stereotypic image in
potential employees’ minds. This image may or may
not fit with their perception of themselves, or their
perceptions that an organization or career would be a
good fit for them. An alternative word choice could be
‘problem-solving’.” Williams says studies have found
that high-ability applicants from non-majority groups
are more likely to apply when inclusive language is
used. And that itself begins to address the challenge
of representation.
CHALLENGE
There aren’t enough women or minorities in a
company to mentor and sponsor the women and
minorities they have hired.
SOLUTION
Mentors and sponsors don’t have to have the same
background. “It is important to remember that
mentors and sponsors do not need to have the same
demographic characteristics as their proteges,” says
Williams. “Providing and nurturing opportunities for
authentic connections across demographic and
hierarchical boundaries can foster life-changing
bonds. In a recent study of generational differences in
teams, I found that team diversity was associated
with how trusted individuals felt in their one-on-one
relationships with colleagues who had different
demographic characteristics.”
6 | UI Tippie College of Business

BY THE
NUMBERS
97% Students employed
or enrolled in graduate
school within 6 months
of graduation
(2015-2018)
#1
#19
BEST PUBLIC
BUSINESS
SCHOOL IN
THE U.S.
(U.S. News & World
Report, 2020)
BEST BUSINESS
SCHOOL IN IOWA
(U.S. News & World Report, 2020)
#10
BEST DATA
SCIENCE
MASTER’S
PROGRAM
(CIO Magazine, 2019)
2,925
13%
7%
% FEMALE BY MAJOR
58% Marketing
44% Management &
Entrepreneurship
43% Accounting
35% Business Analytics &
Information Systems
21% Economics
20% Finance
25% of students double major
#11
Undergraduate Business
and Pre-Business Students
(Spring 2020)
Undergraduate business and pre-business
students from underrepresented groups
International students
ENROLLMENT
BY GENDER
36%
Female
(Spring 2020)
64%
Male
Best public undergraduate
entrepreneurship program in
the nation (Princeton Review, 2020)
AVERAGE
STARTING
SALARIES
BY MAJOR
(2018-2019)
Accounting...........................................................$56,000
Business Analytics...............................................$55,000
Finance..................................................................$55,000
Economics (BBA).................................................$52,000
Management........................................................$50,000
Marketing..............................................................$50,000
All...........................................................................$53,500
#11
National CPA exam
first-time pass rates
(NASBA, 2019)
#7
BEST UNDERGRADUATE ACCOUNTING PROGRAM IN THE U.S.
with 17-23 full-time accounting faculty (Public Accounting Report, 2019)
Summer 2020 | 7

LAST
MILE
DELIVERY
Pairing autonomous delivery trucks
with human delivery could save
transportation companies millions
BY JENNIFER WAGNER
T
ake a peek outside on a busy
street, and chances are that a
UPS, FedEx, USPS, or other
delivery truck is finagling its way
through traffic. On any given day, an
average of 50 million packages are
being delivered in the United States.
In the next six years, those numbers
are expected to double: industry
insiders predict a total of 100 million
packages will arrive at their destination
every single day in 2026.
The technology to transport these
packages is ever-evolving, particularly
in the realm of what has been coined
“last mile delivery.”
In an urban environment, last mile
delivery is crucial. Everywhere, drivers
must manage their timing, park,
unload the packages, walk them to the
destination, and then return to the
truck. In urban environments, delivery
trucks often have to double park,
which gets in the way of other drivers.
Transportation officials estimate some
947,000 hours of vehicle delay every
year can be attributed to delivery
trucks temporarily parked curbside in
downtown areas. And delivery
companies pay the price: In 2018, UPS
and FedEx both racked up nearly
$50 million in parking fines in New
York City—about one-fourth of the
total number of commercial fines.
8 | UI Tippie College of Business

One Tippie professor
started thinking about how
new technology could be
engaged to help streamline
the delivery process. Ann
Campbell, currently
serving as interim
department executive
officer of the Department
of Business Analytics, says
in 2017 the news was filled
with stories of companies
developing autonomous
cars for passengers.
“I started considering
whether the same
technology could be
successful in the delivery/
logistics space,” she says.
Joined by Sara Reed, a PhD
student in the applied
mathematical and
computational doctorate
program, and Professor
Barrett Thomas, interim
senior associate dean and
Gary C. Fethke Research
Fellow, they began modeling
solutions that may ultimately
provide significant improvements
to the process of how
packages are delivered. Their
research on the value of
using autonomous vehicles in
last mile delivery is currently
under review for publication,
and they have begun a
second round of research
that examines the same
technology within suburbs
and rural areas.
Campbell, who holds a
Henry B. Tippie Research
Professorship, and Reed
began their research by
noting online shopping—
the basis for the exponential
increase in package
delivery—will continue to
grow substantially.
In New York City alone,
those numbers are
expected to increase 68
percent by 2045. Delivery
drivers, in turn, park
approximately 37 times per
day in Manhattan, and
drivers currently walk an
average of nearly 8
kilometers per day, a good
portion of which includes
the distances needed to
travel back and forth
between the parked truck
and the destination. This
new delivery paradigm—
where the autonomous
vehicle simply drops off a
delivery person and a load of parcels at a specific location,
then continues to the next pre-determined location to pick
up the delivery person—had not yet been thoroughly
investigated for efficacy.
Thus Campbell, Reed, and
Thomas turned to mathematical
modeling. They assigned
notations to represent the
numbers of customers, driving
speeds, walking speeds, the time
to load packages from the vehicle,
the number of packages a delivery
person can physically manage,
and the expected time to park.
Dozens of polynomial equations,
mapping, and graphing followed.
The end result?
“The savings
would be much
bigger than we
thought, and it
made us realize
this idea has a
lot of exciting
potential.”
PROFESSOR
ANN CAMPBELL
“The savings are more than we ever
predicted,” says Reed, noting this system reduces the total
amount of delivery time by 30 to 77 percent. Further, the
number of delivery vehicles in downtowns would be cut in half.
The “aha” moment for Campbell came once she saw the gain
from using autonomous vehicles was more than just saving
the parking time.
“Sara’s solutions showed we could save
the time that drivers spend walking
back and forth to the parked vehicle to
drive again or reload the vehicle,” she
says. “The savings would be much
bigger than we thought, and it made
us realize this idea has a lot of
exciting potential.” •
Summer 2020 | 9

COLLEGE News
Want up-to-date news about the
research, programs, students,
faculty, and staff in the
college? Subscribe to our
monthly e-newsletter at
tippie-news@uiowa.edu.
BLACKHURST
APPOINTED
ASSOCIATE DEAN
FOR GRADUATE
PROGRAMS
Amy Kristof-Brown
Interim Dean
INTERIM DEAN NAMED
AS DEAN SEARCH IS LAUNCHED
W
ith the departure of former
Dean Sarah Fisher Gardial
on February 29, leadership
within the Tippie College of Business has
stepped up in the interim period as the
search for the next leader of the college
is underway.
Amy Kristof-Brown, senior associate dean
and Henry B. Tippie Research Professor in
Management, took on the role of interim
dean as of March 1, 2020. Kristof-Brown
will serve in this role until a new dean
is named. Barrett Thomas, department
executive officer (DEO) for the Department
of Business Analytics, is serving as interim
senior associate dean as Professor Ann
Campbell moves into an interim DEO role
in the department.
The search for a new dean is being chaired
by Amy Colbert, professor and DEO of
management and entrepreneurship, and
Alec Scranton, professor and dean of
the College of Engineering. The search
committee includes Tippie alumni Emily
Brannon (BBA15) as a representative of the
Young Alumni Board and Jack Evans
(MBA72) as a representative of the Tippie
Advisory Board. •
Following the retirement
of Associate Dean for
Graduate Programs
David Frasier this
summer, Professor
Jennifer Blackhurst
will succeed him.
Blackhurst, the Leonard
A. Hadley Professor
in the Department of
Business Analytics, has
long been a leader of
the college’s graduate
programs. This includes
her roles as faculty
director of the Business
Analytics Academy in
the former Full-time
MBA Program, director
of the Kathy Dore-Henry
Tippie Women’s MBA
Leadership Program,
and chair of the MBA
Program Committee. •
10 | UI Tippie College of Business

TIPPIE STUDENTS DEVELOP
APP FOR BOTSWANA-BASED
PHARMACY
T
he Tippie connection is global.
After participating in the Mandela
Washington Fellowship for Young
African Leaders at the University of Iowa,
Rapula Otukile partnered with Tippie business
analytics students to take his company’s supply
management system digital.
Otukile founded Pilane Pharmacy, a
pharmaceutical distribution company that
serves various hospitals and clinics in Botswana
outside the capital city of Gaborone. Products
were sometimes sitting on shelves beyond the
expiration date because the pharmacy tracked
its inventory manually on paper. Otukile wanted
to move to a digital supply management system,
but infrastructure in Botswana couldn’t support
most out-of-the-box digital solutions.
Business analytics students in the information systems capstone class
partnered with Otukile in August 2019 to create a customized web-based
supply management system. When the application was ready to launch,
five Tippie students from the capstone class traveled to Botswana to install
and deploy the system and were on the ground to work out issues with
pharmacy staff. As with most new applications, a few bugs popped up. After
pulling two all-nighters, the application officially launched on Dec. 2, 2019.
“It was really difficult at times, but I knew I had to come through for
Rapula,” said Carli Stratham (BBA19), one of the students who flew to
Botswana for the launch. “It wasn’t a simulated business. It is his real
business and this application could make a
huge difference.” •
TIPPIE ADOPTS U.N.
SUSTAINABILITY-FOCUSED
EDUCATION INITIATIVE
Joining a growing global movement, the
Tippie College of Business has officially
signed the Principles for Responsible
Management Education, a United Nationssupported
initiative to raise the profile of
sustainability in universities and equip
business students to become drivers of
corporate sustainability.
The college is the first business school at a
public university in Iowa to do so and joins
over 800 business programs worldwide
in ensuring future business leaders have
the skills needed to balance economic and
sustainability goals. •
ENTREPRENEURSHIP
WITHOUT BORDERS
Two Tippie directors, representing
international business and business
analytics, spent part of the winter holiday
break in Kenya. Kelly Bedeian, associate
director of the Institute for International
Business, and Patrick Johanns, director
of the Business Analytics Part-time
Graduate Program, won a federal grant
to lead a business training course for
women in the fishing villages around
Lake Victoria, Kenya. The weeklong
entrepreneurship and financial literacy
training session represented the
continuation of a partnership between
the Mandela Washington Fellowship for
Young African Leaders and the college. •
100-YEAR
MILESTONE FOR
DELTA SIGMA PI
The Epsilon chapter
of the Delta Sigma Pi
professional business
fraternity at the Tippie
College of Business is
the first chapter in the
fraternity’s history to
celebrate 100 years of
continuous activity.
Summer 2020 | 11

COLLEGE News
COVID-19
COMES TO CAMPUS
As we were preparing this issue for print, the coronavirus
pandemic touched the University of Iowa campus.
FEBRUARY 28
[16 U.S. CASES]
All Iowa students studying abroad
in Italy—including the college’s
partner, CIMBA Italy—were called
back to the U.S. due to rapid
spread of COVID-19 and asked to
self-quarantine for 14 days.
MARCH 8
[423 U.S. CASES]
Three cases of COVID-19 are
reported in Johnson County,
where Iowa City is located.
JANUARY 21
[0 U.S. CASES*]
First day of spring
semester classes.
JANUARY 29
[5 U.S. CASES]
An email was sent to Tippie
students from China:
“Amidst the uncertainty
swirling around, please know
you are surrounded by a
community that cares about
you and the well-being of
your families back home.”
MARCH 2
[53 U.S. CASES]
Tippie undergraduates
were told in an email
that the college was
“preparing for the
possibility” that
classes may eventually
move online.
MARCH 11
[1,215 U.S. CASES]
The university announces
that after spring break,
classes will be moved
online until “at least”
April 3. The World Health
Organization declares
the COVID-19 outbreak
a pandemic.
12 | UI Tippie College of Business

MARCH 14
[2,234 U.S. CASES]
With very little advance notice,
Executive MBA faculty supported by
the Stead Technology Services Group
begin teaching courses online.
MARCH 23
[44,183 U.S. CASES]
The college’s off-campus
programs resume online,
one week ahead of oncampus
programs.
MARCH 27
[103,321 U.S. CASES]
The president of the UI Chinese Students and
Scholars Association, Yezhen Tan (BBA20), and
his fellow members donated over 700 medical
masks to the University of Iowa Hospitals &
Clinics in the midst of the COVID-19 pandemic.
These masks were originally sent from their
families in China. “As members of the Hawkeye
community, we are all in this together!”
MARCH 18
[10,442 U.S. CASES]
The university announces spring break
is extended by a week, classes will be
taught online for the remainder of the
spring semester, most residence halls
will close, and spring commencement
ceremonies are canceled.
MAY 16
[CDC CEASED REPORTING
TOTAL CASES 4/27/2020]
The college holds virtual
graduation ceremonies.
MARCH 17
[7,038 U.S. CASES]
All UI faculty and staff
outside of UI Health
Care are directed to
work remotely unless
they provide a critical
campus-based function.
MARCH 30
[163,539 U.S. CASES]
All classes resume online.
*Source: U.S. Centers for Disease Control. Total number of
COVID-19 cases in the United States by date reported. Summer 2020 | 13

ALUMNI News
L
ost track of a classmate? Looking to connect with Tippie alumni in your area?
Check out the career moves, professional accomplishments, and personal
achievements of alumni and classmates below, and then send us your news.
2010s
Katherine E. Conlon
(MSBA19) is a data analytics
analyst at the Republic
National Distributing
Company in the Atlanta area.
Shanti Elangovan (MBA15)
was featured in Forbes
magazine for the inquiry
education company she cofounded,
InquirED.
Nick Golias (BBA15) was
hired by Pheasants Forever
& Quail Forever as the
organization’s regional
representative in Indiana.
Rita Guzmán
(BBA18) is a
college relations
manager and
program advisor
at IES Abroad in Chicago.
Chad Johnson (BBA19) is
the director of equipment
at CRST International, a
transportation and logistics
company in Cedar Rapids.
Michael Karsa
(BBA12) was
promoted to
managing
director at
Lido Advisors, the youngest
in the 20-year history of
the company. Karsa opened
Lido’s Chicago location in
2015, which has surpassed
$600 million in assets
under management.
Alexandria Morris Tursi
(BBA11) has been recognized
by LIMRA (previously the
Life Insurance Marketing and
Research Association) as one
of their 2019 Rising Stars of
Retirement. She is a business
strategist in customer care at
Principal in Des Moines.
John Raftis
(BBA10/MBA15)
and his wife
Ashley welcomed
Kathryn
An online information
update form is available at
tippie.uiowa.edu/alumni/update,
or you can send a note to
Ashley Durham, Tippie College
of Business, 108 John
Pappajohn Business Building,
University of Iowa, Iowa City, IA
52242-1994 (or email
tippie-alumni@uiowa.edu).
Margaret Raftis into their family
on December 10, 2019.
Dylan Sambrano (BBA19)
interned at Deloitte in its
audit practice in Chicago.
He is also pursuing a Master
of Accountancy degree with
expected graduation in fall 2020.
Kate Steele
(MBA, MSBA19)
is a senior
consultant at
Cognizant in
San Francisco.
XIE RECOGNIZED
AS TIPPIE YOUNG
ALUM OF THE YEAR
Wenran Xie (BBA13), a manager
at Ernst & Young, is the recipient
of the 2020 Tippie Young Alum of
the Year award. She regularly works
with current Tippie students in mentorship roles and
has been instrumental in assisting student organizations
set up professional trips to EY offices. She is an active
member of the Tippie Young Alumni Board where her
philanthropy has supported efforts that directly impact
current Tippie students.
“Wenran once shared with me that when she first
came here from China, it was incredibly overwhelming,
but Tippie helped her find her home within her new
surroundings,” wrote one of Xie’s nominators for the
award. “I believe that this is why she is a passionate
board member and contributes to Tippie endeavors
whenever and however she can.”
NEW TIPPIE GEAR
AVAILABLE IN THE
HAWK SHOP
Show your
Hawkeye pride
HAWKSHOP.COM/TIPPIE
Amy K. Schembari
(BBA18) hiked to Mount
Everest base camp (5,250
miles above sea level) in
October 2019. Schembari
is an enterprise API
consultant with Google
Cloud (Apigee).
14 | UI Tippie College of Business

Tianqi Yang
(BBA17)
is a global
management
trainee at
Anheuser-Busch InBev in
Chengdu, China.
2000s
David J. Breh
(BBA02) is the
director of
analytics at
Starcom
Worldwide in Chicago.
Clint D.
Hinderaker
(BBA03) was
promoted to
regional
managing director for the
Eastern Iowa Business Center
of Principal Financial Group.
He was also on the 2019 list of
the Corridor Business Journal’s
“Forty Under 40.”
Steve Kim (MBA04) merged
his firm, Monadnock Financial,
with Brady Associates Asset
Management. Kim will serve as
a managing director.
David Kozlicki
(BBA07) was
appointed head
of Multi-
Managers Real
Estate (MMRE) Americas of
the real estate and private
markets business for UBS Asset
Management in January 2020.
Jessica McDyer (BBA06)
was named to the N’West Iowa
REVIEW’s “20 Under 40” list.
McDyer is an administrator at
Care Initiatives Sibley Specialty
Care in northwest Iowa.
Eden L.
Simmer
(BBA05) was
recognized with
an excellence in
trading award at the Markets
Choice Awards: Women in
Finance event in November
2019. Simmer is an executive
vice president and leads the
global equity trading desk at
PIMCO in New York City.
Leslie Skorick (BBA00) has
been promoted to director of
tax at O’Reilly Automotive in
Springfield, Mo.
Trent L. Von Ahsen (BBA09)
is the chief investment
strategist at United Iowa
Financial in Cedar Rapids.
Trent N. Welander (BBA04/
MBA10) recently joined
Gogo Business Aviation in
Broomfield, Colo., as senior
product marketing manager.
1990s
Jason M. Baer
(BBA96) transitioned
into a role
as enterprise
account
executive/digital experience
at Adobe, based out of Los
Angeles. He also recently
completed his Digital Marketing
and Marketing Analytics
Certificate from Cornell
University’s online program.
Susan Erbes (MBA94), former
vice president of operations at
TrueNorth Companies, retired
in January 2020.
Gregory Liebbe
(BBA97) is
serving as the
senior vice
president, chief
accounting officer, and
controller of Ventas, Inc. in
Louisville, Ky.
BRINGING THE IOWA
EXPERIENCE TO GOOGLE
“Ten years ago, I was an Iowa Edge peer leader. The program showed me
the power of building strong communities where individuals were able
to see a version of themselves in the leaders they look up to. Iowa Edge
proved to be an empowering way for students to grow, embrace their
identities, and envision successful versions of themselves. It created a
sense of family—an invaluable safety net for underrepresented students.
“Once I joined Google, my goal early on was to recreate an experience
similar to Iowa Edge for our Hispanic/Latinx community. I recently led our
version of Iowa Edge—Navigate Juntos (translation: together)—at Google
in Los Angeles. It was a 3-day summit that brought together ‘Googlers’ from
all over the country who identify as Hispanic/Latinx and are early into their
professional careers. Similar to Iowa Edge, it was a unique way to show participants
they can succeed because of their background, not despite their background.
“As we closed our summit, I felt like I was back in Iowa City reliving Iowa Edge. As an 8-year
veteran of Google, I felt like a peer leader all over again, connecting with people and hopefully
giving them some inspiration of how far they can go.”
Learn more about Iowa Edge by visiting diversity.uiowa.edu/iowaedge.
Summer 2020 | 15

ALUMNI News
UI FAMILY SPIRIT AWARD WINNERS INCLUDE
THREE MEMBERS OF THE TIPPIE FAMILY
A four-generation connection to the University of Iowa—spanning 101 years—
brought the Frohwein-Parsons family to Kinnick Stadium on Saturday, Nov. 16,
2019, to receive the UI Family Spirit Award. The family includes three Tippie
grads: Dave Parsons (BBA75), Emily Klinefelter (BBA06/MAc09), and Max
Parsons (BBA09).
Claudia
Marban
(BBA99) was
named a Five
Star Wealth
Manager for the eighth year
in a row (2012-2019). Marban
is president and a private
wealth advisor at Claudia
Marban & Associates in the
greater Chicago area.
Sabyasachi “Saby” Mitra
(PhD90) has been named the
new dean at the University of
Florida’s Warrington College
of Business. Mitra previously
spent 27 years at Georgia
Institute of Technology
Scheller College of Business
where he was a professor and
the senior associate dean of
faculty and research.
MAX PARSONS
EMILY KLINEFELTER
(not pictured)
DAVE PARSONS
Lindsey A.
O’Malley
(BBA98) joined
the Chicago law
firm Howard &
Howard as a tax attorney and
CPA who advises clients on
federal and state tax credits
and incentives.
Jenn Thurman
Sebestyen
(BBA98)
launched Veggie
Inspired, a
popular food blog. She
released her first book, a
vegetarian cookbook titled
The Meatless Monday Family
Cookbook to help busy families
incorporate more fruits and
vegetables into their diets.
1980s
Chris Costa (BBA87) was
named chief executive officer
of Knapp Properties, a real
estate management company.
16 | UI Tippie College of Business

KLEIN RECOGNIZED AS
TIPPIE ALUM OF THE YEAR
Christopher Klein (BBA85), executive chairman and former CEO
of Fortune Brands, is the recipient of the 2020 Tippie Alum of the
Year award. The award is given annually to an alumnus who has
demonstrated long-term involvement in the life of the college.
Klein is an active member of the Tippie Advisory Board. He has spoken in
numerous classes and encouraged Fortune Brands to provide projects through
the MBA Business Solutions Center, sponsored Tippie events, and hosted a number
of student professional trips to its headquarters. As a Tippie Society donor, he has
provided key discretionary funds that enabled the college to embark on its 2015
brand project and website redesign. One of Klein’s nominators described him as
“…a shining example of a Tippie graduate who has demonstrated that hard work and
ethical behavior can lead you to the top of your industry.”
Gerald Middents (BSC54)
recently published two books:
a collection of poetry titled
Creative Beyondering and a
novel titled Connecting Asians
and Americans. Middents is a
professor emeritus of psychology
at Austin College in Texas, an
Air Force veteran, Rotarian, and
an ordained minister. He resides
in Dallas, Texas.
S.P. Kothari (PhD86)
received the 2020 Padma
Shri Award from the
government of India for
his outstanding global
contribution to literature and education.
Sherri L.
Rowe (BBA82)
has announced that she
will be producing a feature film in Iowa
with her production company Dumb Dog
Productions LLC.
Laura Newinski
(BBA87) has been
elected deputy chair of
KPMG US. She also
serves as vice chair of
operations and chief operating officer
for KPMG’s Americas region.
Daniel P. Schwallie (PhD84) co-authored
the fourth edition of the Cash Balance Plan
Answer Book.
Editor’s Note: Alumni News updates are submitted by alumni and are not verified by the editor. While we welcome
alumni news, Tippie Magazine is not responsible for the information contained in these submissions.
Alan Bunte (BBA75/MBA77)
recent retired from his position
as chief operating officer of
Commvault, a leading provider
of data protection and data
management software. He cofounded
Commvault in 1999
and is currently its board
director. He is also a Tippie
Advisory Board member.
Summer 2020 | 17

ALUMNI Feature
SCHOLARSHIPS
from a
SECRET MILLIONAIRE
Three Tippie grads share
their stories
BY MICHELLE SILLMAN
H
e might seem like the least likely candidate to fund a
full-ride scholarship, much less 33 of them. But frugal
carpenter Dale Schroeder wanted his savings to benefit
young people who dreamed of attending college.
Schroeder, whose father abandoned his family during the
Depression, couldn’t afford college. Because of this, he
wanted to help others who’d experienced early adversity.
After working for 67 years at Moehl Millwork in Des
Moines, he had amassed a nest egg of nearly $3 million.
Before he died in 2005, he asked his friends Walt and Judy
Tomenga and lawyer Stephen Nielsen to use his wealth to
send small-town Iowa kids to Iowa’s public universities.
Tippie alumni Katelyn Wheeldon (BBA16), Jenna Herr
(BBA13), and Benjamin Kopp (BSE12/MD17/MBA17)
are among the beneficiaries of his generosity.
According to the National Student Clearinghouse, rural
high school graduates are less likely to enroll in college
than urban or suburban students. They’re also more likely
to drop out. Often, they are first-generation college
students, which was true for Wheeldon and Herr.
The Dale Schroeder Scholarship committee sought rural
students who’d overcome significant struggles akin to
Schroeder’s. While the financial support was
instrumental, the committee put a lot of additional effort
into supporting these students along the way.
18 | UI Tippie College of Business

Jenna Herr (BBA13) and her daughter Aaliyah meeting
Henry B. Tippie while Herr was an undergrad.
One way they did this was by bringing scholarship
winners together every summer for an annual
dinner providing advice, inspiration, and support.
“They took everyone under their wings, and truly
dedicated themselves to helping us through the
process of entering college and the real world,” Kopp
said. At 13, he lost his mother to a 10-year battle with
cancer. “Walt and Judy made themselves available as
mentors and coaches to provide guidance and
support that we were unable to find elsewhere.”
Herr grew up in a single parent home after her
mother was incarcerated. Then, at 16, she became
a single parent herself. “Walt and Judy Tomenga
became like a second set of parents to me,” she
said. “I visited their home, I spent holidays with
them, they sent care packages, we talked on the
phone and identified strategies and resources to
manage academic and parenting stress.”
In 2019, Herr received her MBA from the
University of Wisconsin-Madison and works as a
senior risk and compliance specialist at Kearney.
Her daughter is now 11. “This scholarship gave me
the freedom and the security to dream. It gave me
the community and guidance I needed to grow,
and the confidence and pride to lead,” Herr said.
Wheeldon grew up in a supportive home, but her
family’s financial difficulties were compounded
when a fire nearly destroyed their scrap metal and
used car business. Now a financial and accounting
consultant at Riveron, Wheeldon found the annual
Benjamin Kopp (MBA17)
dinners energizing. “I was not the
only scholar who felt sometimes we
do not ‘fit in’ with the people in
our day-to-day lives. Through
conversations, we realized this is
because we are all focused on
paying it forward every day. Others
may not think the same way we
do,” Wheeldon said, referring to
the scholarship committee’s
encouragement “to pay forward
what we have received.”
Kopp is currently in his third of
five years of orthopedic surgery
residency at the University of
Texas-Austin. If he hadn’t gotten
the financial support for his
undergraduate engineering degree
at Iowa, he would have focused on
paying off his loans instead of
pursuing advanced degrees.
“One thing that became apparent
from the scholarship was the
enormous impact one person with
little education and a modest
income can have by living for
others,” Kopp said. The call to
“pay it forward” continues to
resonate with him and, he
explains, “I will always be looking
for opportunities to do so.” •
Katelyn Wheeldon (BBA16)
“Thank
you, Dale.
You’ve
changed
my life.”
Watch the
Today Show
segment that
features
Wheeldon
and Herr.
Summer 2020 | 19

IN Memoriam
1930s
Catherine Mary Shors (BSC35)
1940s
Clinton E. Evans (BSC42)
Nelson Smith (BSC47)
Fred W. Yeadon (BSC48)
J. Robert Bunn (BSC49)
Donald H. Lapehn (BSC49)
P. Donald Teefy (BSC49)
1950s
William E. Campbell (MA50)
Dennis R. Ferk (BSC50)
James A. Kurka (BSC50)
Harriett A. Mickow (BSC50)
James A. Peterson (BSC50)
Jack S. Simpson (BSC50)
Donald C. Wilson (BSC50)
Robert W. Langholz (BSC51)
Robert T. Russell (BSC51)
Millard R. Seldin (BSC51)
William C. Barnes (BSC52)
Herbert W. Martin (BSC52)
Robert E. Sweet (BSC52)
William B. Foster (BSC53)
Shirley A. Jacobson (BSC53)
David D. Baer (BBA55)
William H. Lawrence (BSC55)
Janet E. Apland (BSC56)
Jerry C. Chalupnik (BSC56)
Gerald E. Daley (BSC56)
James L. Hertig (BSC56)
Kenneth H. Weber (BSC56/
MA68)
William M. Barclay (BSC57)
Lloyd M. Cleven (BSC57)
James E. Mariga (BSC57)
Austin R. Sandrock (BSC57)
Susan I. Brender (BSC58/MA63/
PhD73)
Kendall L. Carver (BSC58)
Jerry D. Rank (BSC58)
Charles F. Roark (BSC58)
Gardner C. VanDyke (BSC58)
F. Dean Darling (BSC59)
G. Thomas Davidson (BSC59)
George W. Harrison (BBA59)
1960s
Darryl Wahler (BBA60)
David L. Scieszinski (BBA61)
Larry D. Scott (BBA61)
Louis E. Buresh (BBA62)
LeRoy E. Butler (BBA63)
Ron L. Burnett (BBA64)
William C. McCormick (BBA64)
Robert M. Miller (BBA64/MBA86)
Donald L. Sohl (BBA64)
John L. Burge (BBA65)
Laurence E. Kelly (BBA65)
Larry E. Moore (BBA65)
Del Dickey (BBA66)
Ronald Martin Johnson (BBA66)
Robert C. Blunck (BBA67)
John W. Holmes (BBA67)
Charles K. Pettit (BBA67)
Dewain A. Sparrgrove (BBA67/
MA69)
Thomas C. Altfillisch (BBA68)
Douglas D. Calvin (BBA68)
William A. Haywood (MBA68)
1970s
Alan D. Beach (BBA70)
Grant R. Bell (BBA70)
A. Virginia Bone (MA70)
Shirley E. Grulke (MA70)
John D. DeVries (MBA71)
Terry L. Granneman (BBA71)
Jerome F. Seifried (MBA71)
Gregory H. Cripple (BBA72)
Edward L. Stachovic (MBA72)
Dana P. Anson (BBA73)
Patimah B. Fouts (MBA73)
Robert C. Griffin (BBA73)
Steven W. Holdsworth (BBA74)
Chris L. Kluever (BBA74)
Robert G. Morrison (BBA74)
Roy E. Starr (BBA74)
Kristen E. Tell (BBA75)
Larry A. Conway (BBA76)
Edward J. Lightcap (BBA76)
Noel W. Willis (MBA77)
Philip J. Patten (BBA78)
Tracy K. Tilgner (BBA78)
1980s
Robert G. Stevenson (BBA80)
Kathryn D. Ironside (BBA82)
Charles A. Lagerstrom (MBA82)
David W. Sturtz (BBA82)
Lori A. Kessel (BBA85)
Cheryl L. McDermott (BBA85)
Dana J. Schuemann (BBA87)
John M. Hemann (BBA88)
Stephen M. Hill (BBA89/MBA00)
Robert D. Sealy (BBA89)
1990s
Mary E. Owen (BBA90)
Deone Anna-Christina
Pedersen (MBA90)
Joseph D. Fowler (MBA92)
Todd M. Seiffert (BBA94)
Judy E. Hukvari (BBA96)
2000s
John C. Linn (MBA00)
Jeffrey L. Arnell (MBA03)
Brenden J. Dailey (BBA03/
BBA04)
Brad A. Peterson (BBA04)
Diana L. Fritz (MBA04)
2010s
Nate P. Bentley (BBA15)
FRIEND
Carol Vavra
DONALD J. GIBSON
(MARCH 12, 1930 – SEPTEMBER 28, 2019)
Donald J. Gibson was a member of the Tippie College
of Business Board of Visitors from 1984 to 2000. He
attended Purdue University where he earned a degree
in mechanical engineering. After graduation, Gibson
served in the Counterintelligence Corps in the United
States Army. Upon his honorable discharge, Gibson
joined the Westinghouse Electric Corporation where he
worked for the next 25+ years. He held multiple roles in
Pittsburgh and Iowa City, rising to the level of vice
president and general manager.
In 1983, the Information Services Division of
Westinghouse that Gibson led was purchased by Eden
Prairie, Minn.-based National Computer Systems (now
Pearson). He worked at National Computer Systems for
more than a decade retiring as a senior vice president.
In addition to serving on the college’s Board of Visitors
(now the Tippie Advisory Board), Gibson also served
multiple years on the advisory board for The Ohio State
University Department of Mechanical Engineering.
DEONE PEDERSEN
(AUGUST 21, 1953 – JANUARY 9, 2020)
Pedersen at her retirement
reception with Hawkeye
women’s basketball star
Megan Gustafson (BBA19).
The Hawkeye family lost
one of its most passionate
supporters when Deone
Pedersen (MBA90) passed
away on January 9, 2020.
Before joining the Tippie
Undergraduate Program
Office in 2003, Pedersen
worked in a number of
different organizations on
campus including the
College of Liberal Arts &
Sciences, the Division of
Student Life, the Office of
the Provost, the Finance
and Operations Division,
and Student Disability Services. A true Hawkeye fan,
Pedersen rarely missed a home women’s basketball
game, a men’s basketball game, or a football game.
She retired in 2018 after being diagnosed with ALS.
20 | UI Tippie College of Business

THE UNIVERSITY OF IOWA
TIPPIE COLLEGE OF BUSINESS
LEADERSHIP
ADMINISTRATION
Amy Kristof-Brown
Interim Dean
Barrett Thomas
Interim Senior Associate Dean
David Frasier
Associate Dean
(Graduate Management Programs)
Kenneth G. Brown
Associate Dean
(Undergraduate Program)
Nick Street
Associate Dean
(Research and Ph.D. Programs)
Barbara Thomas
Executive Director of
Communication, Alumni,
and External Relations
Gregory Lamb
Executive Director of Development
for the Tippie College
of Business
University of Iowa Center
for Advancement
TIPPIE ADVISORY
BOARD
Stephen Belyn
Managing Director of Corporate
Finance & Restructuring
FTI Consulting
Alan G. Bunte
Co-founder and Board Member
Commvault
Joe Ceryanec
Chief Financial Officer (retired)
Meredith Corporation
Frederick J. Crawford
President and COO
Aflac Inc.
Lois Eichacker
Director, Customer Success
CVM Solutions
Jack Evans
Chairman of the Board
The Hall-Perrine Foundation
Perry A. Glassgow
Vice President and Controller
Harley-Davidson Inc.
George Hiller
President and CEO
Hiller & Associates
Christopher J. Hoffman
Senior Partner
PricewaterhouseCoopers
Chris Klein
CEO (retired) and Executive
Chairman
Fortune Brands Home & Security
Inc.
Thomas A. Kloet
Chairman,
NASDAQ Stock Market LLC,
Member, Board of Directors
NASDAQ Inc. and Northern
Trust Mutual Funds
Kyle Krause
Chairman and CEO
Krause Group
Curtis K. Lane
Co-founder and Portfolio Manager
Concordant Partners
Julia M. Lawler
Executive Vice President and
Chief Risk Officer
Principal Financial Group
Jeffrey Lorenger
Chairman, President and CEO
HNI Corporation
Eric Martin
COO, Individual Solutions
Transamerica
Lura McBride
President and CEO
Van Meter Inc.
Doug McKeen
Senior Vice President,
Labor Relations (retired)
United Airlines
Leonard McLaughlin
Sales Manager Senior, Great
Lakes & Midwest
Gallagher
John Miclot
President and CEO
LinguaFlex
Laura Newinski
Deputy Chair, Vice Chair of
Operations
KPMG LLP
Stacey Valy Panayiotou
Executive Vice President, Human
Resources
Graphic Packaging International
Maureen Sammon
President and CEO (retired)
HomeServices Mortgage
Trevor Schauenberg
President and CEO, GE Capital
Industrial Finance (retired)
GE Capital
Margaret (Peg) M. Stessman
CEO and Owner (former)
StrategicHealthSolutions
Sue Taylor
Chief Information Officer
Bill and Melinda Gates
Foundation
Yvette Taylor
Senior Vice President, Wealth
Management
Northern Trust Company
Anne-Marie Thomas
Corporate Director
The Commonwell Mutual
Insurance Group
DUCA Financial Services
Credit Union
Michael J. Wokosin
Founder
Working Title Labs
TIPPIE EMERITUS
ADVISORY
BOARD
Leonard A. Hadley
Chairman and CEO (retired)
Maytag Corporation
John Pappajohn
President
Equity Dynamics Inc.
Jerre L. Stead
Executive Chairman and CEO
Clarivate, Inc.
Henry B. Tippie
Non-Executive Chairman of
the Board
Dover Motorsports Inc.
The University of Iowa prohibits discrimination in employment, educational programs, and activities on the basis of race, creed, color, religion, national origin,
age, sex, pregnancy, disability, genetic information, status as a U.S. veteran, service in the U.S. military, sexual orientation, gender identity, associational
preferences, or any other classification that deprives the person of consideration as an individual. The university also affirms its commitment to providing
equal opportunities and equal access to university facilities. For additional information on nondiscrimination policies, contact the Director, Office of Equal
Opportunity and Diversity, the University of Iowa, 202 Jessup Hall, Iowa City, IA 52242-1316, 319-335-0705 (voice), 319-335-0697 (TDD), diversity@uiowa.edu.
Summer 2020 | 21

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