Profiles in Leadership - UW-Milwaukee

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Message from the Dean Dean V. Kanti Prasad 2 OUTLOOK “ Innovation is the central issue in economic prosperity,” according to management expert Michael Porter. As global competition intensifi es, this message will play an increasingly important role. And how well we respond to it may well defi ne the future of American business. The call for innovation as an economic rallying cry, if you will. The message was reinforced to us earlier this year at the Lubar School’s 40th anniversary celebration. Three of our distinguished alumni — Rockwell Automation’s Keith Nosbsuch, The BloodCenter of Wisconsin’s Jackie Fredrick, and Harley-Davidson’s Jim Ziemer — discussed their perspectives on leadership at the event. It was striking to note that a common thread that ran through their comments was the importance of innovation to their companies — three distinctly different world-class organizations. As Keith Nosbusch put it, innovation is not just a buzzword — it’s imperative to their business. (please see pages 6-8) This fall, the Lubar School of Business has launched a formal effort to plant the seeds of innovation within UWM students — the NEW VENTURE BUSINESS PLAN COMPETITION — supported through private funding from La Macchia Enterprises, the parent company of The Mark Travel Corporation and Trisept Solutions. (please see page 11) Over the course of approximately four months, entrants will attend workshops and advisory sessions, obtain feedback on their ideas, and present their fi nal plan to a panel of judges, who will judge entries on their business merit. Winning a cash prize is the ultimate goal of the entrants. But the value of the process — refi ning their ideas, fi nessing their plans, and hopefully one day bringing them to the market — will be the real reward of the competition. As another renowned management scholar, Peter Drucker, stated: “Innovation is the specifi c instrument of entrepreneurship…the act that endows resources with a new capacity to create wealth.” We can all buy into that. V. Kanti Prasad Dean
Honors Hans G. Storr Recognized with Honorary Doctorate Hans G. Storr, Retired Executive Vice President of Philip Morris Companies (now Altria Group, Inc.), was awarded an Honorary Doctorate in Commercial Science from the University of Wisconsin–Milwaukee at its Spring Commencement ceremony. UWM’s honorary degree recognizes a career of extraordinary accomplishment, evidenced by the sum and distinction of the individual’s professional achievements, extraordinary intellectual merit, and personal integrity. In bestowing the degree, Chancellor Carlos Santiago said, “Hans Storr, a 1961 graduate of our accounting program, is arguably one of UWM’s most prominent alumni, having attained international recognition and acclaim in the fi eld of corporate fi nance.” Hans Storr left post-war Europe in 1954 at the age of 22 with a one-way ticket to Lubar School Dean V. Kanti Prasad presents Hans G. Storr with his doctoral hood. Milwaukee, in search of opportunity and a better future. He found both at a level that few people attain. After earning his degree, Storr joined Milprint Company in Milwaukee as an accountant. In 1957, Milprint was acquired by Philip Morris, and there began Mr. Storr’s steady rise as a corporate fi nancier. Mr. Storr was transferred to Philip Morris International in 1966, where he served as Staff Assistant to the Vice President of Finance. He was selected as Vice President of Finance of the company’s European, Middle Eastern, and African operations in 1974, and became corporate Vice President of Finance in 1978. His ascendancy into the executive ranks continued, as he was named Chief Financial Offi cer in 1979, and elected Executive Vice President and Chief Financial Offi cer in 1991. In 1982, he took on the additional responsibilities of Chairman and CEO of Philip Morris Capital Corporation. A member of the Board of Directors of Philip Morris in 1982, Mr. Storr held these prestigious positions until his retirement from the company in 1996. Geoffrey C. Bible, Retired Chairman of Altria Group, Inc., who worked with Storr for almost 30 years, noted of his outstanding career: “As the years passed by, Hans’ reputation in the fi nancial world both here and abroad grew exponentially, and it is my opinion he was considered to be the most effective and impressive CFO of all the large public companies in America.” “Hans Storr’s career achievements vividly demonstrate the fruits of hard work, the value of personal integrity, the power of intellect, and the transformative impact of higher education,” said Lubar School of Business Dean V. Kanti Prasad. “He serves as a great role model for younger generations of our students.” FALL 2007 3
Page 1 and 2: Outlook The Lubar School’s magazi
Page 3: In This Issue Outlook FALL 2007 2 M
Page 7 and 8: A beautiful Milwaukee spring evenin
Page 9 and 10: Cover Story Profi les in Leadership
Page 11 and 12: Bradley Distinguished Lecture Serie
Page 13 and 14: Entrepreneurship NEW VENTURE BUSINE
Page 15 and 16: Deloitte Center for Multistate Taxa
Page 17 and 18: intentional malfeasance, we only in
Page 19 and 20: Alumni Profile Kikkoman’s Connect
Page 21 and 22: (continued from previous page) ASSU
Page 23 and 24: Faculty Kudos Richard Priem, The Ro
Page 25 and 26: Alumni News Alumni on the Move Jame
Page 27 and 28: Honor Roll of Donors From the Devel
Page 29 and 30: Honor Roll of Donors Mr. and Mrs. J
Page 31 and 32: ✁ Alumni, we want to hear from yo

Profiles in Leadership - UW-Milwaukee

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