Eleven new members elected to MIT Corporation


The MIT Corporation, the Institute's board of trustees, elected two life members and nine term members at its quarterly meeting on June 8, just before MIT's 135th Commencement exercises. Alexander d'Arbeloff, chairman of the Corporation, announced the election results.

All memberships are effective July 1. As of that date, the Corporation will consist of 73 distinguished leaders in education, science, engineering and industry, 23 of them life members. Another 30 individuals are life members emeriti, participating in meetings but without a vote. The officers of the Corporation are the chairman, Mr. d'Arbeloff (SB 1949); the president, Charles M. Vest; the treasurer, Allan S. Bufferd (SB 1959, SM 1961, ScD 1965); and the vice president and secretary, Kathryn A. Willmore. Ex officio members are the president of the Association of Alumni and Alumnae of MIT, and the Massachusetts governor, commissioner of education and chief justice of the Supreme Judicial Court.

The following were elected to Corporation life membership:

Michael M. Koerner (SB 1949), president of Canada Overseas Investments, Ltd.

Born in 1928 in Prague, Czechoslovakia, Mr. Koerner moved to Canada in 1939. He received the SB in management from MIT in 1949 and the MBA from Harvard in 1952. After serving in managerial positions at Abitibi Power and Paper Co., Ltd. from 1952-56 and United North Atlantic Securities Ltd. from 1956-59, Mr. Koerner founded Canada Overseas Investments, which he serves as president. He is also a past chairman of Suncor Energy, Inc.

Mr. Koerner has been on the Corporation as an alumni nominee from 1985-90 and as a term member from 1991-2001. He has served on the visiting committees for the Center for International Studies, materials science and engineering (chair since 1992), music and theater arts, the Sloan School and the Libraries. He became a Life Sustaining Fellow in 1979, and received the Bronze Beaver Award in 1981 and the Corporate Leadership Award in 1987.

DuWayne J. Peterson Jr. (SB 1955), president of DuWayne Peterson Associates.

After earning the SB in business and engineering administration from MIT in 1955, Mr. Peterson received the MBA from UCLA in 1963. He has worked at Ford Motor Co., Honeywell, Citibank, RCA Corp., Security Pacific Corp., Security Pacific Automation Co. and Merrill Lynch & Co., Inc., where he was executive vice president. In 1991, he retired from Merrill Lynch and returned to California, where he assumed his current position in Pasadena. He has been chair of NASDAQ's Technology Advisory Council since 1992.

Mr. Peterson was president of the Alumni Association in 1996-97 and became a Life Sustaining Fellow in 1979. He received the Bronze Beaver Award in 1991. He has been a member of the Corporation since 1986 and has sat on visiting committees for economics, athletics, sponsored research, and student affairs/ODSUE, which he has chaired since 1989.

The following were nominated by the Corporation Membership Committee and elected to five-year term membership:

Philip M. Condit (SM 1975), chairman and CEO of Boeing Co.

Dr. Condit received the SB in mechanical engineering in 1963 from the University of California at Berkeley, the MS in aeronautical engineering from Princeton University in 1965, the SM from MIT's Sloan Fellows Program in 1975 and the PhD in engineering from the Science University of Tokyo in 1997&emdash;the first westerner to earn such a degree. He also holds honorary doctoral degrees from Rensselaer Polytechnic Institute and Cranfield University (UK).

Dr. Condit joined Boeing in 1965 as an aerodynamics engineer on the supersonic transport (SST) program. He held almost two dozen assignments during his ascent to the top leadership position and played prominent roles in developing all Boeing commercial airplane products, notably the 757 and 777. He received a patent for the design of a flexible wing (sailwing) in 1965 and is now pioneering new concepts in space-based communications. At MIT, Dr. Condit served on the Sloan Fellows board of governors from 1986-89 and 1992-95.

Thomas P. Gerrity (SB 1963, SM 1964, PhD 1970), professor of management and former dean at the Wharton School, University of Pennsylvania.

Dr. Gerrity earned the SB in 1963 and the SM in 1964 from MIT, both in electrical engineering. A Rhodes Scholar in economics at Oxford University in 1964-65, he received the PhD from Sloan in 1970 and taught there from 1968- 72. He served as the 11th dean of the Wharton School from 1990-99 and before that was founder and CEO for 20 years of the Index Group, a leading consulting firm in business reengineering and information technology strategy. He was also president of CSC Consulting, the worldwide commercial professional services division of Computer Sciences Corp. and the parent of CSC Index.

At MIT, he served on the visiting committees for athletics and Sloan. He has been a Life Sustaining Fellow since 1986.

Mark P. Gorenberg (SB 1976), partner in Hummer Winblad Venture Partners.

After earning the SB in 1976 in electrical engineering from MIT, he received master's degrees from the University of Minnesota in 1979 and Stanford University in 1984. He has spent his business career in software development, and has been a research and development manager in large corporations and entrepreneurial environments. Before joining Hummer Winblad in 1990, he was a senior manager in Advanced Product Development at Sun Microsystems. Hummer Winblad started in 1989 as the first early-stage venture capital firm to exclusively invest in software companies.

Mr. Gorenberg has served on MIT's Corporation Development Committee and the Campaign 2000 Steering Committee. This year he isco-chair of the Fund Reunion Gifts Committee and a member of the board of the MIT Club of Northern California.

Dana G. Mead (PhD 1967), retired chairman and CEO of Tenneco, Inc. (second Corporation term).

Before receiving the PhD in political science and economics from MIT in 1967, he received the BS in engineering from the United States Military Academy at West Point in 1957. He served in regular army line armor and airborne units from 1957-70; in Vietnam, hereceived numerous combat and service decorations and achieved the rank of colonel. Dr. Mead served in the White House from 1970-74, first as a White House Fellow and then as associate and deputy director of the Domestic Council from 1972-74. He was a tenured professor and deputy head of the social sciences department at West Point from 1974-78, when he retired from the army.

Dr. Mead joined Tenneco in 1992 as COO and member of the board and was elected president a month later. He was chairman and CEO from 1994-99, as well as chairman and CEO of Case Corp. from 1992-96. Before joining Tenneco, Dr. Mead was executive vice president and director of International Paper, which he joined in 1978.

Dr. Mead was elected to his second five-year term on the Corporation and has been on the visiting committees for the Engineering Systems Division, materials science and engineering, nuclear engineering (chair) and political science. He also chaired the Alumni Association's nominating committee for visiting committees in 1997.

Marjorie M.T. Yang (SB 1974), chair of the Esquel Group of Companies.

Born in Hong Kong, Ms. Yang received the SB in mathematics from MIT in 1974 and the MBA from Harvard in 1976. Since 1995, she has been chairman of the Esquel Group of Companies in Hong Kong, the world's leading textile and garment manufacturer. Also in Hong Kong, she served as chairman of YTT Tourism Advisor from 1978-87. She worked from 1976-78 at the First Boston Corp. in New York.

Ms. Yang has been on the visiting committee for mathematics since 1999. She was the regional chair of the MIT Educational Council in Hong Kong from 1981-88, and has been a member of the Dean's Advisory Council at the Sloan School and the advisory board for the MIT/China International Management Education Project.

The following were nominated by the Association of Alumni and Alumnae of MIT and elected to five-year term membership:

Scott P. Marks Jr. (SB and SM 1968), private investor.

Mr. Marks retired as vice chairman and board member of First Chicago NBD Corp. after a 14-year career at the bank. Previously, he was a senior marketing and sales executive for five years with American Express in New York and Toronto. He spent the first 10 yearsof his career in consulting with Arthur D. Little, Index Systems, McKinsey & Co. and ROI Consulting, focusing on technology, product development and marketing in the financial services industry. He has served on MIT's Corporation Development Committee and Alumni Fund Board.

Hyun-A C. Park (SB and MCP 1983), principal of Cambridge Systematics, Inc.

Ms. Park, a native of Seoul, received both the SB and MCP in urban planning from MIT in 1985, although she affiliates with the Class of 1983. She manages the asset management business line at Cambridge Systematics, Inc., which provides management and information technology services to infrastructure organizations. She began her career with the Commonwealth of Massachusetts Division of Capital Planning and Operations in 1985 and joined Wallace Floyd, Associates in 1989, where she was in charge of developing the construction mitigation program for the Big Dig in Boston before joining Cambridge Systematics in 1993.

Ms. Park has served on many MIT committees, including the Alumni Association Campaign Strategy Committee and the Alumni Fundboard. She was vice president of the Alumni Association's board of directors and has been president of the Class of 1983 since 1984. She is also an advisor for the Jerome B. Wiesner Student Art Gallery. She received the Lobdell Award in 1990 and the Bronze Beaver Award in 1997.

Paul Rudovsky (SB 1966), retired executive vice president, finance and administration of Atlantis Plastics, Inc.

Mr. Rudovsky, who is returning to the Corporation after serving as the 2000-01 president of the Alumni Association, received the SB in economics from MIT in 1966 and the MS in industrial administration from Carnegie-Mellon University in 1968. He joined Atlantis Plastics in 1995, was elected a director later that year and retired in 2000. Previously, he was president and CEO of Rudd Manufacturing Co., a manufacturer of men's trousers. He also served as CFO of Infovest Corp., a privately held direct-mail marketer and provider of information to the insurance industry. During the 1970s, Mr. Rudovsky was executive vice president and CFO of Arlen Realty & Development Corp. and vice president of Citicorp/Citibank.

Mr. Rudovsky has been a Corporation member since 1996 and a Life Sustaining Fellow since 1979. He has been on the visiting committees for athletics and chemical engineering, and served in various capacities with the Alumni Association before his term as president. He won the Lobdell Award in 1981 and the Bronze Beaver Award in 1992.

Elected as a member of recent classes for a five-year term was Homayoun Hatami (MBA 2000), an associate with McKinsey & Co. Born in Tehran, he received a master's degree in computer science in 1996 from ������cole Centrale in Paris and the MBA from MIT in 2000. He received the 2000 Seley Scholarship, the highest merit award at Sloan, for his "outstanding leadership, contribution to the MIT community, academic achievement and professional promise."

Following graduation, Mr. Hatami joined McKinsey & Co. in Boston, where he has served high-tech clients on a variety of topics such as go-to-market strategy, business building and restructuring. He worked for 3Com in London from 1996-98 as a business development manager and for Booz-Allen & Hamilton in Paris in 1999. While at MIT, he was featured in the New York Times for an online music venture he created, and he served on the Sloan Career Development Office's steering committee and as executive producer of the Sloan eBusiness Awards. He is frequently interviewed by Radio France Internationale on Internet-related topics.

Mr. d'Arbeloff also noted the selection of L. Robert Johnson (SB 1963) as the 2001-02 president of the Alumni Association. A managing partner of Founders Capital Partners, L.P., he received the SB in physics from MIT in 1963 and the MBA from Harvard in 1965. From 1966-81, he worked in investment analysis, merchant banking and venture capital with Kidder, Peabody & Co. and Donaldson, Lufkin & Jenrette, Inc. In 1981, he co-founded the biotechnology company Angenics, Inc., which was eventually acquired,and in 1988, he established Founders Capital Partners to invest in early-stage high-technology businesses.

Mr. Johnson has been a Corporation member since 1996 and has served on the visiting committees for physics, which he chairs, chemistry and biology. He was a member of the Educational Council from 1975-80, vice president of the Alumni/ae Association from 1993-95, and the 25th and 30th reunion gift chair for the Class of 1963. He was named a Life Sustaining Fellow in 1979 and received the Harold E. Lobdell Award in 1993, the Bronze Beaver Award in 1996 and the Marshall B. Dalton Award in 1999.

A version of this article appeared in MIT Tech Talk on June 13, 2001.


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