NEWS

CHAPEL HILL -- The University of North Carolina at Chapel Hill’s Kenan-Flagler Business School will honor eight pace-setting alumni today (Sept. 13) with its fourth annual Alumni Association Awards.

"The 2002 honorees are extraordinary in their devotion to Kenan-Flagler and in their personal and professional accomplishments," said Renee Dobbins, associate dean for development and external affairs. "Each brings distinction not only to Kenan-Flagler but also to UNC-Chapel Hill. Our community experiences the benefit of their dedication to excellence in every realm — students, faculty and degree programs. We are ever grateful for their unyielding commitment to the school."

The awards program, launched in 1999, annually recognizes alumni visionaries who have excelled, achieved and served Kenan-Flagler and their own business communities. A wall was erected in the main lobby of the school’s McColl Building as a tribute to the winners.

The late Owen G. Kenan (1943-2002), president and chairman of Kenan Enterprises, will be honored posthumously with the Global Leadership Award. The award honors an alumnus or friend of the school whose global participation and initiative advance the school’s education, research and public service mission.

"Owen was an inspirational leader and a dedicated driver of Kenan-Flagler’s presence in Southeast Asia," said Dr. Jack Kasarda, director of the Frank Hawkins Kenan Institute of Private Enterprise. "He worked tirelessly to establish the Kenan Institute Asia in Bangkok and to guide its considerable growth in size, visibility and impact to the benefit of Kenan-Flagler, the university and our nation."

Other honorees include:

· William O. McCoy, who received a bachelor of science in business administration (BSBA) in 1955, will be honored with the Kenan-Flagler Business School Leadership Award. The award recognizes an alumnus who demonstrates exceptional achievement in a career field, personal endeavor and/or service to Kenan-Flagler.

· Elizabeth Klompmaker Moshier, who received a BSBA in 1987 and a master’s of business administration (MBA) in 1992, will receive the Outstanding Young Alumni Award. The award honors an alumnus of the last decade who demonstrates leadership in career accomplishments and exceptional commitment to the school.

Five distinguished alumni will receive Alumni Merit Awards, given to alumni from Kenan-Flagler’s degree programs who personify the school’s tradition of excellence and bring distinction to themselves and the school. They are:

· William L. Rogers, who received a BSBA degree in 1968, will receive the BSBA Alumni Merit Award.

· Thomas L. Jones, a 1977 MBA graduate, will be awarded the MBA Alumni Merit Award.

· Susan K. Acker, who graduated from the Executive MBA (EMBA) Program in 1997, will be awarded the EMBA Alumni Merit Award.

· S. Philip Harris Jr., who received a BSBA degree in 1954, will receive the Master of Accounting (MAC) Alumni Merit Award.

· Robert H. Litzenberger, who received a doctoral degree in 1969, will receive the Ph.D. Alumni Merit Award.

The late Kenan carried on the tradition of service that exemplifies the Kenan family. He was a dedicated and vigorous supporter of both UNC and the business school that bears his family name.

He was instrumental in laying the groundwork for the establishment and ongoing success of the Kenan Institute Asia, which provides numerous educational, research and outreach opportunities for Kenan-Flagler, The Kenan Institute and the university. He served as a founding director of Kenan Institute Asia.

He was chairman and director of the William R. Kenan Jr. Fund that supports the Kenan Institute. The Kenan Institute fosters mutual understanding among people working in academic institutions, business and government, encouraging cooperative efforts among these groups to strengthen the private enterprise systems in the United States and abroad.

Kenan was president of Kenan Enterprises, based in Chapel Hill, and a former vice chairman of the board of directors for Kenan Transport Co. He also served as vice chairman of the board of directors of Flagler System Inc., a family-owned real estate firm with interests in Florida that include The Breakers Hotel in Palm Beach.

McCoy has distinguished himself through a long and illustrious record of service to business and higher education.

He began his career in 1959 as a supervisor with Southern Bell in Charlotte, and progressively held a variety of executive positions within Southern Bell, South Central Bell and AT&T. For 35 years, he was a leader in the telecommunications industry, including 10 years spent as vice chairman of the board for BellSouth Corp. McCoy serves as partner with the Chapel Hill-based investment firm of Franklin Street Trust.

McCoy served the UNC system from 1995 to 1998 as vice president of finance, establishing a reputation for sound management and fiscal integrity across the university system. In 1999, during the illness and following the death of Chancellor Michael Hooker, McCoy stepped in to serve as interim chancellor.

He is past chair of the National Development Council that served the university’s Bicentennial Campaign, and now serves as a member of the steering committee for Carolina First, the university’s current fund-raising campaign.

Moshier currently serves as director of marketing for the GSK Respiratory Institute at GlaxoSmithKline’s U.S. pharmaceuticals unit. As such, she manages a nine-person team responsible for all asthma market development activities for GSK.

Prior to her current position within GSK, she served as senior product manager for the firm’s Flonase direct-to-consumer brand activities.

Moshier worked for Bali Brand for four years following her graduation from Kenan-Flagler’s MBA Program. Just two years after receiving her MBA, Moshier led the marketing team’s efforts for the U.S. launch of the Wonderbra. This effort garnered her two Effie Awards for excellence in marketing, a Public Relations Society of America Silver Anvil for superior public relations, a CLIO award for outstanding advertising and "Product of the Year" designations from Time, Fortune and Advertising Age. She has been named one of the country’s top 100 marketers by Advertising Age.

Moshier has maintained an active role with Kenan-Flagler, serving as a guest speaker in the classroom. In addition, she enthusiastically participated as a volunteer and donor in the establishment of The Jay Edward Klompmaker MBA Premier Fellowship.

Rogers is the founder and chairman of The Halifax Group, a middle-market private equity investment firm with offices in Fort Worth, Los Angeles, Raleigh and Washington, D.C. He also is a principal of Colony Capital, a global real estate investment firm headquartered in Los Angeles and one of the seven founding limited partners of Colony Investors LLP.

From 1983 to 1988, Rogers was a partner and Chief Financial Officer of the Robert M. Bass Group, a Fort Worth-based private equity investment firm. Before joining the Bass Group, Rogers served as an owner and director of DCI, a specialty food processing company. Prior to that, he was a partner of KPMG Peat Marwick.

Rogers has been actively involved in both university and business school activities. He has been an important partner in supporting key entrepreneurial initiatives begun by Frank Kenan. He is a founding member of the Chancellor’s Club and has been instrumental in giving and in raising funds to support the school’s accounting programs, among numerous initiatives.

A 1977 MBA graduate of Kenan-Flagler, Jones also holds an undergraduate degree — earned with highest honors in history in 1973 — from UNC. He is a managing director of Credit Suisse First Boston in the telecommunications group, where he has senior responsibility for both large cap and emerging telecommunications companies.

Before joining Credit Suisse First Boston in June 2000, Jones was a managing director in the telecommunications and large cap groups at Salomon Smith Barney, which he joined in January 1997. Prior to joining Salomon Brothers, he was a managing director at J.P. Morgan, which he joined in 1977.

In 1988, Jones became head of the credit origination group and a member of the firm’s credit policy committee, with responsibility for the firm’s credit lending policy in the United States. In 1989, he joined the mergers and acquisitions department and in 1992, became the head of four industry groups: telecom, media, high-tech and aerospace/defense.

Jones has been a frequent and favorite lecturer in investment management courses, a strong supporter of the school’s MBA Investment Banking Day program and a tireless recruiter of MBA talent for top investment banking firms.

Acker is president and Chief Executive Officer of Blue292, the leading provider of environmental, health and safety eBusiness application software. Over the past three years, Acker has raised nearly $20 million from top tier venture capitalists, built a world-class management team, and led the creation of the "Blue" software applications for crisis and environmental information management.

Blue292 clients include Federal Express, General Mills, Pillsbury, Conoco, 7-11, Shell Canada and others.

Acker was named a regional finalist for the 2000 Ernst & Young Entrepreneur of the Year Award and was awarded the North Carolina Trade Development Association’s 2001 Governor’s Award as Outstanding Entrepreneur of the Year. In addition, Working Woman magazine recognized her for entrepreneurial excellence. She remains heavily involved with Kenan-Flagler and is the commencement speaker for the 2002 Executive MBA graduating class.

Between his graduation from high school at age 16 and his entry into Carolina at age 29, Harris successfully owned and operated five small businesses. At the age of 23, he was elected to the Henderson City School Board. He was later named vice chair of the Vance County Community College Steering Committee and was instrumental in the establishment of that community college.

After graduation, he built the accounting practice of Phillips and Harris, which grew to be one of the largest firms of its kind in eastern North Carolina. In 1969, Harris’ firm merged with the Raleigh office of Peat, Marwick, Mitchell & Co., where he served as audit partner. In 1971, he became managing partner of the firm’s Tampa, Fla. office, and in 1977, he became national partner in charge of private business advisory services in the firm’s New York office. From 1980 until his retirement, he assumed responsibility for as national partner in charge of communications.

Harris has been a founding charter member of the university’s annual giving campaign, member of the Chancellor’s Club, chair of the General Alumni Associations’ Investment Committee, past president of the General Alumni Association and recipient of that organization’s Distinguished Service Medal.

Litzenberger is currently an advisory director at Goldman, Sachs and Co., a business professor emeritus at the Wharton School of the University of Pennsylvania, and a fellow of the American Finance Association. He joined the Fixed Income Division at Goldman Sachs as director of Derivative Research and Quantitative Modeling in early 1995 and became the firmwide risk manager and a partner in 1998. He retired from an active role in late 2001 and assumed an advisory role.

A former president of the American Finance Association, Litzenberger has been a member of the editorial boards of the Journal of Financial Economics and the Journal of Finance. He is co-author of Foundations of Financial Economics, and has published more than 50 articles in the leading academic finance journals. He has advised the World Bank on the international allocation of its money market investment portfolio and more recently advised on its loan guarantee program.

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Kenan-Flagler contact: Kim Weaver Spurr, (919) 962-8951, spurrk@unc.edu