Five alumni to be honored at annual IU Business Conference
Feb. 22, 2007
BLOOMINGTON, Ind. -- Five alumni of the Kelley School of Business at Indiana University will be honored for professional achievement during an awards ceremony at the 61st annual IU Business Conference at the Indiana Convention Center on Feb. 28 in Indianapolis.
Being named to the Kelley School of Business Academy of Alumni Fellows are William P. Carmichael, chairman of mutual funds advised by Bank of America, Hinsdale, Ill.; Joseph P. Clayton, chairman of the board of Sirius Satellite Radio Inc., New York; Marla Gottschalk, chief executive officer of The Pampered Chef, Ltd., Addison, Ill.; and Jay L. Schottenstein, chairman of the board of Schottenstein Stores Corp., Columbus, Ohio.
The 2007 Distinguished Entrepreneur Award will be presented to Catherine A. Langham, president of Langham Logistics Inc., Indianapolis.
The honors presentation will be part of a day-long program that will focus on the theme, "The 21st Century Imperatives for Business: Energy and the Environment." Information and online registration are available at 812-855-6340 and http://kelley.iu.edu/busconf/.
William P. Carmichael
Carmichael, who earned a bachelor of science degree in accounting from IU in 1965, co-founded The Succession Fund in 1998 to provide an exit strategy to the owners of privately held companies. He provides consulting advice to the owners or may arrange for an investment group to buy out the owners in a tax-advantaged transaction. He also has served as an expert witness in trials on financial matters and on mergers and acquisitions.
Before forming The Succession Fund, Carmichael worked for Price Waterhouse for four years and had 26 years of experience in various financial positions with global consumer product companies, including as senior vice president of Sara Lee Corp., senior vice president and chief financial officer of Beatrice Foods Co. and vice president of Esmark Inc.
Carmichael is a director of Simmons Co., Cobra Electronics Corp., The Finish Line and Spectrum Brands. He is chairman of the Columbia Funds, which are Bank of America-advised mutual funds. He also has served on the boards of Avis, Playtex, Electrolux, Health-o-meter/Mr.Coffee, Opta Food Ingredients, the Golden Rule Insurance Co., Kubin-Nicholson Corp. and the Hain Food Group.
He serves on the advisory board of the IU Art Museum and the Dean's Advisory Council of the IU Kelley School of Business and also is a member of the board of directors of the IU Foundation, where he is treasurer and chairman of the investment committee. He is an adjunct professor of finance for the Kelley School.
In addition to his degree from IU, Carmichael also earned a law degree from the University of Virginia Law School in 1968 and is a certified public accountant.
Joseph P. Clayton
Clayton, who earned a master of business administration degree from IU in 1972, has been chairman of the board of Sirius Satellite Radio since November 2004. He joined the company in November 2001 as president and chief executive officer.
Sirius broadcasts more than 130 digital-quality channels, including 69 channels of commercial-free music, plus exclusive channels of sports, news, talk, entertainment, traffic, weather and data. Sirius ended 2006 with approximately 6,024,000 subscribers, an 82 percent increase over the company's 2005 ending subscriber base, and boasted a record 2.7 million net new subscribers in 2006.
Previously, he was vice chairman of Global Crossing and president of Global Crossing's North American region. He also has been president and chief executive officer of Frontier Communications, a provider of integrated telecommunications -- local, long distance, audio and video conferencing, wireless, Web hosting and data services -- based in Rochester, N.Y. After assuming leadership of Frontier in June 1997, the company's stock price appreciated more than 200 percent, and its market cap grew from $3 billion to $10 billion.
Clayton drove the strategic direction of the company while working as a hands-on leader of Frontier's executive management team. In September 1999, Global Crossing purchased Frontier Communications.
He also has been executive vice president of marketing and sales for the Americas and Asia for Thomson, a global public company based in Paris, and the largest consumer electronics business in North America. During his tenure at Thomson, Clayton led the launch of DirecTV satellite television, the most successful product introduction in consumer electronics history. He was responsible for the sales and distribution of Thomson's RCA and GE brands.
His experience in the consumer electronics industry also includes numerous senior management positions for RCA, General Electric and Thomson. He is a former chairman of the Consumer Electronics Association and currently serves on its board of directors and on the board of governors for the Electronics Industry Alliance. He also is a member and former vice chairman of the New York State Office of Science, Technology and Academic Research Advisory Council.
He serves on the Dean's Advisory Board for the IU Kelley School of Business. In addition to his IU degree, he graduated magna cum laude from Bellarmine University in Louisville, Ky., with a bachelor's degree in business administration.
Marla C. Gottschalk
As chief executive officer of The Pampered Chef, Gottschalk leads the executive team, oversees long-range planning and defines corporate strategies for the company. She joined The Pampered Chef, a Berkshire Hathaway company and the premier direct seller of high-quality kitchen tools, in December 2003. She earned a bachelor of science in accounting from IU in 1984.
Gottschalk previously was with Kraft Foods Inc., where she held several executive positions over 14 years, including senior vice president for financial planning and investor relations. In this position she led the global financial planning activities of a $30 billion business. Gottschalk also played a key role in establishing Kraft strategies as a member of the Kraft Operating Committee.
As vice president of finance for sales and customer service, she helped integrate four separate sales organizations after General Foods and Kraft came together under one brand name -- Kraft Foods. In 1997 she was named vice president for financial planning and analysis for Kraft Foods North America. In 1999 Gottschalk was named vice president for marketing and strategy for the Kraft Cheese division.
From 2000 to 2002 she was executive vice president and general manager of Post Cereals, the third largest cereal company in the United States. In this position her responsibilities included brand marketing, trade marketing, marketing research, finance, consumer promotion and human resources. She also shared responsibility for five manufacturing plants and a research development facility.
Gottschalk serves on the board of directors for Visteon Corporation and GATX Corp. In addition to her IU degree, she holds a master of management degree from the J.L. Kellogg Graduate School of Management at Northwestern University.
Jay L. Schottenstein
Schottenstein, who earned a bachelor of science in business administration from IU in 1976, is chairman of the board and chief executive officer of Schottenstein Stores Corporation. The firm owns interests in a host of retail businesses, including Retail Ventures Inc., known for its Value City Department Stores, DSW and Filene's Basement; American Signature Inc., which operates Value City Furniture stores; and American Eagle Outfitters.
The son of the late businessman and philanthropist Jerome M. Schottenstein, he is active in a number of organizations around Columbus, Ohio, including, The Columbus Jewish Federation, The Columbus Jewish Foundation, The Jewish Community Center and The United Way. He also is a member of the board of trustees of the Arthur G. James Cancer Hospital and Solove Research Institute Foundation, and a managing trustee of The Capital South Community Urban Redevelopment Corp.
Since 1990 he has served as general chairman for Central Ohio State of Israel Bonds. He previously served on the State of Israel Bond's national board of directors, has served as national chairman of its Platinum Society and was awarded the Israel Peace Medal.
At the forefront of Schottenstein's many interests is his deep commitment to Jewish education. He is chairman of the board of trustees of the Columbus Torah Academy, chairman of Congregation Torat Emet-Main Street Synagogue and chairman of the board of the Schottenstein Chabad House on the campus of The Ohio State University, where he is also a lifetime member of the President's Club.
Nationally, Schottenstein is past chairman of the board of trustees of Yeshiva College at Yeshiva University in New York City and currently serves as a member of the board of trustees of Yeshiva University. He is the co-chairman of the American Board of Trustees for Bar-Ilan University as well as a member of its global board. He is vice chairman of the board of governors of the Orthodox Union and is a member of the executive committee of the Orthodox Union's National Conference of Synagogue Youth.
Schottenstein serves as chairman of the board of governors for the Mesorah Heritage Foundation, a not-for-profit trust engaged in the translation and international distribution of the world's great Judaic literary works, including the monumental task of translating and elucidating in English, Hebrew and French, the 73 volumes of the Talmud Bavli. The "Schottenstein Edition of the Talmud" is now utilized by more than 2 million people worldwide.
Among his family's many philanthropic activities was the establishment of the Jay and Jeanie Schottenstein Chair in Jewish Studies at IU Bloomington.
Catherine A. Langham
Co-founder of Langham Logistics Inc., the 1980 IU graduate focuses on business development, fast-growth strategy and critical industry issues such as cargo security. She offers more than 20 years of logistics expertise to business leaders in a wide spectrum of industries, including pharmaceutical, food and beverage, automotive and other industries with complex supply chains.
Prior to launching the company that bears her family name, she was a two-time franchise owner in the transportation industry. She founded Langham with her sister, Margaret, and brother, John, both of whom continue to be involved in the organization with her. Langham's third-party logistics company -- now 18 years old -- has charted double-digit growth, expanded its client base around the world and has grown to more than 80 full-time employees.
Langham's visibility as chief executive officer of a fast-growing, woman-owned business enterprise earned her firm a visit from President George W. Bush. In 2005 she accepted a role on the Indiana Economic Development Corp. at the invitation of Indiana Gov. Mitch Daniels.
Since Sept. 11, Langham has assumed an increased role in her industry's discussion of air cargo security, in particular the proactive role that indirect air carriers are taking to keep terrorism out of the sky. She speaks regularly on topics that include entrepreneurial success, small business strategy and leadership.
She is former chair of the Air Forwarders Association and is serving as the chairperson of the Greater Indianapolis Chamber of Commerce this year.