Congratulations, Andrea Ruedi (EMBA 2013)
We’re delighted to announce that Andrea Ruedi (EMBA ’13) has taken up a position as CEO at Fox Development Corporation. This is her second stint with FDC. While previously at FDC, Andrea was instrumental in marketing the Research Park to prospective companies, successfully garnering state funding for infrastructure to allow for the Research Park’s expansion, and developing the I Hotel and Conference Center at Champaign. Prior to taking the job at FDC, Andrea served as Deputy Director of the Illinois Center for Transportation (ICT) at the University of Illinois at Urbana-Champaign, one of the world’s premier transportation research centers. In that role, Andrea was responsible for strategic planning and business development and also managed ICT’s $30 million research program.
Congratulations, Joe DiPietro (EMBA 2012)
Our heartiest congratulations to Joe DiPietro for being named as the Vice President, Parts, NA for AGCO Corporation. Joe holds a B.S. in Industrial Distribution and an Executive MBA from the University of ILLINOIS. He was most recently Director, Supply Chain within the parts division in North America.
We’re so proud of Joe’s accomplishments. Please join us in congratulating Joe on his promotion and best wishes for continued successes in the future.
Google’s Latest (Uber) Investment
Uber, the technology start-up, reports that it has raised $258 M in financing from a variety of investors including Google Ventures. Uber’s software allows anyone to request a taxi ride from drivers who turn their downtime into a money-making opportunity. Uber started off as a convenient limo service but has now morphed into a ride sharing company through its UberX service. Uber’s ride (no pun intended) has not been smooth so far and it has engendered hostile responses from taxi cab services and local regulators. Some of these expressed concerns including safety and liability issues need to be sorted out.
To Gillette and Schick: The problem is staring right at you in the (shaving) mirror
Razor sales for Gillette and Schick have been declining in the past year. Part of the problem is that there is growing acceptance of the unshaven look in the workplace and hence American men are shaving less. This “vogue for stubble” has opened up new innovation opportunities for products including hair trimmers and beard colorants.
Great Universities Help Build Great Regional Economies
Matt Yglesias at Slate has a great blog post on how Universities are the key ingredients to 21st century success. Matt suggests that great Universities create neighborhood retail clusters alongside medical facilities to create a vibrant regional knowledge-based economy that ensures survival of cities. He illustrates his point with an example from Pittsburgh that has enjoyed major job diffusion thanks to Carnegie Mellon and the University of Pittsburgh while Detroit has languished due to the absence of a great University in its midst(University of Michigan is located in Ann Arbor and not Detroit).