Celebrating Kelley Alumni

Kelley Alumni Legacies Banner Series first installment, Spring 2021

The Kelley Alumni Legacies Banner Series honors the accomplishments of our Kelley alumni, sharing the visionary leadership that continues to impact the school and our students. The first installment of banners recognizes nine alumni who have been part of the school’s history and efforts to be inclusive. These distinguished alumni include:

  • Three members of the inaugural class of the Consortium for Graduate Studies in Management at Kelley.
  • The first Black man to receive a PhD in business from the Kelley School.
  • Creators of scholarships and fellowships that have benefitted Kelley students.

This is just a glimpse of the groundbreaking impact our Kelley alumni have made. Learn more about them and how their contributions continue to build momentum for Kelley students today.

Eddie C. Brown

Eddie C. Brown, a 1970 Kelley MBA graduate, started Brown Capital Management in Baltimore, Maryland in 1983, after serving as vice president and portfolio manager at T. Rowe Price Associates, Inc. for a decade and briefly before then at Irwin Management Group. He is the firm’s founder, chairman, CEO, and senior portfolio manager.

With an electrical engineering degree from Howard University, Brown worked at defense contractor Martin Marietta before serving for two years as a Signal Corps officer in the U.S. Army. Afterward, he designed computer circuits for IBM for five years. While at IBM, he became increasingly fascinated by finance and investing and came to Kelley through the company’s management development program. Brown also holds a master’s degree in electrical engineering from New York University.

A member of Kelley’s Academy of Alumni Fellows, Brown was a regular panelist for a quarter century on the national PBS financial television program “Wall $treet Week with Louis Rukeyser,” which was popular during the 1980s and 1990s. Kelley MBA students today participate annually in the Eddie C. Brown Leadership Summit, created through his generosity.

W. Quinn Buckner

As vice president of communications for Pacers Sports and Entertainment, Quinn Buckner serves in community outreach as a longtime professional basketball television analyst and as the leader of the Pacers Youth Basketball program and the company’s initiative to support youth basketball in Indiana. He has been an analyst for numerous media outlets such as NBC, CBS and ESPN. Since 2016, he also has been a member of the IU Board of Trustees.

A 1976 business school graduate, Buckner is renowned for his basketball career that includes an NCAA championship and time as a member of the last undefeated men’s collegiate basketball team; time as captain of the 1976 gold medal–winning U.S. Men’s Olympic Basketball team; 10 years as an NBA player, including an NBA championship in 1984; and time as head coach of the Dallas Mavericks. He was inducted into the National Collegiate Basketball Hall of Fame in 2015.

Buckner serves on several not-for-profit boards, including the IU Foundation, Center for Leadership Development, the Pacers Foundation, the YMCA, Community Health Network Foundation, USA Basketball, the National Basketball Players Association, First Tee of Indianapolis, the Indiana Youth Institute, Special Olympics of Indiana, the Indianapolis Children’s Choir Advisory Council, and as a member of the Old National Bank Advisory Board. He is also a partner in Mack Financial, a member firm of M Financial Group, a leading financial services and distribution firm.

Robert M. Lee

A member of the inaugural class of the Consortium for Graduate Studies in Management at Kelley, Robert M. Lee completed his MBA in 1972 and retired in 2009 after a 39-year career as a financial analyst at IBM.

Alvin W. Marley

Alvin W. Marley enjoyed a successful career as an investment executive spanning more than four decades at several financial firms and banks, including First National Bank of Chicago, Brinson Partners, and United Bank of Switzerland (which became UBS).

In 2005, Marley joined Lombardia Capital Partners LLC—one of the nation’s most successful minority-owned equity managers—as an equity partner and senior portfolio manager for small capital equities. In 2013, he was promoted to serve as chief executive officer, a position he held until 2017.

A native of Vicksburg, Mississippi, Marley served a captain and mathematician in the U.S. Air Force from 1968 to 1971, before coming to Kelley as a Consortium fellow and earning an MBA in 1973. He received the Wallace L. Jones Alumni Lifetime Achievement Award from the Consortium, a Kelley School of Business Academy of Alumni Fellow and a life member of the NAACP and a member of the Chicago Urban League. He established the Alvin W. Marley Consortium Fellowship to support students in the MBA program.

William G. Mays

The son of a high school teacher and a college chemistry professor, William G. Mays grew up in Evansville. He attended IU Bloomington, majoring in chemistry and receiving his bachelor’s degree in 1970. He worked briefly as a test chemist, but then decided to combine his chemical knowledge with a career in business. He returned to IU and earned an MBA in marketing and finance from Kelley in 1973.

From 1973 to 1977, Mays was assistant to the president of Cummins and played a key role in forecasting future worldwide engine demand for the Columbus, Indiana-based company. In 1977, Mays became president of Specialty Chemicals Corporation and led that company until 1980, when he founded his own chemical supply company, Mays Chemical. Within a few years, Mays Chemical reported annual sales of more than $100 million and became one of the top 20 chemical distribution companies in North America.

Mays, who passed away in 2014, was active in the community, serving as a director on the boards of several companies and community organizations. He also became owner and publisher of the Indianapolis Recorder, the state’s leading African American newspaper. His many honors include an honorary degree from IU in 2000 and the Madame C. J. Walker Lifetime Achievement Award in 1998. Through the Mays Family Rise Scholarships, underrepresented students at Kelley IUPUI aim to follow Mays’ footsteps into successful business careers.

Charles I. Randall

Charles I. Randall who became a member of IU’s first Consortium class after earning a bachelor’s degree in sociology at Morgan State University in Baltimore. He earned an MBA from Kelley in 1969 and retired from IBM in 2005 after more than 30 years in finance. He later became a teacher at a preschool for at-risk youths. He also has directed social service agencies in the New York area for those with developmental disabilities.

Derica Rice

Since earning his MBA from Kelley in 1990, Derica Rice has spent more than 30 years as a health care executive, including a 27-year career at Eli Lilly and Co. He most recently served as the executive vice president of CVS Health and president of CVS Caremark, the company’s pharmacy benefits management business. He currently serves as a member of the board of directors for the Walt Disney Co., Target Corp. and Bristol Myers Squibb Co.

Rice was also a trustee of IU from 2007 to 2016, being the first African American alumnus of Kelley to do so. He serves as a founding member of the IU Black Philanthropy Circle, the university’s first affinity-based giving circle that formulates programs and policies to enhance engagement and philanthropy in higher education to support Black alumni, faculty, staff, students, donors and allies.

Earlier this year, Rice and his wife Robin Nelson-Rice made a gift of $1 million to support Kelley MBA students who are fellows of the Consortium for Graduate Study in Management. Their gift creates the Rice Consortium Fellows program to enhance diversity and inclusion at the Kelley School and help its Full-Time MBA Program continue to attract many of the best and brightest underrepresented students. The Rices met as Consortium fellows at Kelley and graduated the same year.

Ray Weathersby

Ray Weathersby, a Mississippi native, who also was a member of the inaugural class of the Consortium for Graduate Studies in Management at Kelley. He graduated with a Kelley MBA in 1969.

Growing up, his early education began at Zion Hill School, a one-room schoolhouse in Magee, Mississippi. He continued to attend schools there until he moved to Evanston, Illinois as a high school senior. He graduated from Evanston Township High School in 1963 and went on to earn a bachelor’s degree in business administration from Hampton University in Hampton, Virginia, four years later. He traveled to Istanbul, Turkey as an exchange student.

In the summer of 1967, he attended Washington University’s Minority Business Conference and came to IU Bloomington as a Consortium fellow. He enjoyed a long career in accounting. In his 2017 obituary, it was said that his “proudest career accomplishment was that he passed the Illinois Administrative National CPA exam.” He served in the U.S. Army as a lieutenant from 1969 and 1971 and “had an unwavering passion for history and education.”

Milton Wilson

Milton Wilson was the first African American to receive a business doctorate at IU. He was the founder of the business schools at Howard University and Texas Southern University. He was the first African American dean of a Historically Black College or University to attain AACSB accreditation and the first dean to attain AACSB Accreditation for two HBCU schools of business.

Under his leadership, Howard University became the first school of business in Washington, D.C., to attain AACSB accreditation.

The son of a Pullman car porter and a public-school teacher born in Paducah, Kentucky, he earned a bachelor’s degree from West Virginia State College and a master’s degree and two doctorates from IU. After leading the accounting department at Hampton Institute (now Hampton University) and Dillard University, Wilson came to Texas Southern University in Houston to start a business program.

During his time at Texas Southern, Wilson also was a visiting professor at the University of Chicago and Harvard University. In 1952, he became a certified public accountant, one of the first African Americans in Texas to do so. In 1970, he returned to teach at Kelley, but was invited by Howard University to establish a business school there a year later.

Howard named Wilson its dean emeritus upon his retirement in 1990. He died in 2013 at the age of 88.

Founding member of the Consortium

The Kelley School of Business is one of three founding members of the Consortium for Graduate Study in Management, committed to enhancing diversity in business education.

Kelley has more than 140 diversity initiatives

Find out how Kelley is building on the differences that make us stronger and empowering the next generation of business leaders.

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