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Kelley School of Business

Last modified: Wednesday, March 1, 2006

Five IU alumni to be honored at annual Business Conference

March 1, 2006

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 60th annual IU Business Conference at the Indiana Convention Center on March 8 in Indianapolis.

Being named to the Kelley School of Business Academy of Alumni Fellows are Lee Ann Daly, of New York, adviser and former executive vice president for marketing at ESPN; A. Jay Graf, of St. Paul, Minn., retired group chairman at Guidant Corp.; Larry D. Richman, of Arlington Heights, Ill., president of commercial banking at LaSalle Bank Corp; and Desmond C. Wong, of Northbrook, Ill, Americas coordinating partner-China at Ernst & Young LLP.

The 2006 Distinguished Entrepreneur Award will be presented to Georgette D. Mosbacher, of New York, president and chief executive officer of Borghese Inc.

The honors presentation will be part of a day-long program that will focus on the theme, "The Health Care Conundrum: A Call for Leadership." Information and online registration are available at 812-855-6340 and

Lee Ann Daly

Lee Ann Daly

Lee Ann Daly

Lee Ann Daly, BA '85, believes that the first priority of advertising and marketing is to entertain, surprise, and delight people, and she has used ESPN's brand voice to bring that philosophy to life for sports fans.

Now stepping into an advisory role at ESPN Inc., Daly led ESPN's branding and marketing for the last seven years, most recently as executive vice president, marketing. ESPN is a leading sports entertainment company with seven domestic television networks and major radio, publishing and Internet holdings in the United States and abroad. ESPN's cable networks reach over 89 million U.S. homes, and more than 92 million people use some form of ESPN media every week.

Daly has been directly responsible for the development, direction and implementation of all branding, advertising, creative services and marketing for ESPN's growing portfolio of businesses since 1999. She was instrumental in the development of ESPN's Original Programming division and was responsible for the company's synergy efforts, including project management for ESPN-branded businesses, including the ESPN Zones.

In her time at ESPN, Daly also served as senior vice president-marketing and vice president-advertising and program marketing, joining the company in 1997. Prior to ESPN, she was senior vice president and general manager of Global New Communications, a division of Ammirati & Puris. She founded and was executive producer of "Are These My Shoes?," a humor-based radio production company serving top advertising agencies and clients.

She began her career as an account manager for clients including Procter & Gamble, Clairol, United Parcel Service, Four Seasons Hotel and Resorts, Compaq, Nikon and Aetna Life and Casualty.

Daly was inducted into the American Advertising Federation's Hall of Achievement in 2000. Women in Sports and Events named her WISE Woman of the Year in 2001 and 2004. In 2003, Daly and her team received the PROMAX and BDA Honoree Award for Brand Building. Daly was named to Brandweek's "Marketers of the Next Generation," Ad Age's "Women to Watch," Sports Business Journal's "40 under 40" and Sports Business Journal's "Female Sports Executives of the Year." In 2004, she was one of Sports Business Journal's "20 Most Influential Advertisers," and in 2005 she was named one of the publication's "20 Most Influential Women in Sports Business." In its review of 2004, The Sporting News named her one of the "Power 100" in sports. Also in 2004, she was named one of Multichannel News' "Wonder Women."

She is immediate past president of the board of directors of the New York chapter of the American Marketing Association and was a member of Mayor Bloomberg's New York City Sports Commission.

A. Jay Graf

A. Jay Graf

A. Jay Graf

A. Jay Graf was the orchestrator of a classic turnaround of a struggling company on the verge of being driven out of business by much larger competitors. Under Graf's leadership over the course of a decade, Cardiac Pacemakers Inc. grew its revenues from just under $200 million to just over $1.6 billion and became the part of Guidant Corp. that both Boston Scientific and Johnson & Johnson were willing to pay more than $25 billion to own.

Prior to his retirement from Guidant Corp. as group chairman in 2004, Graf was responsible for Guidant's four operating groups: Cardiac Rhythm Management, Cardiac Surgery, Endovascular Solutions and Vascular Intervention. Guidant is a $4 billion manufacturer of cardiovascular therapeutic devices and related products and is a leading developer and manufacturer of implantable cardiac rhythm management devices.

Graf joined Eli Lilly and Co. in 1976 and became a district sales manager in 1980. In 1982, he moved to Lilly's Medical Devices and Diagnostic Division, where he served in several management positions including vice president of sales and marketing and senior vice president of operations for Physio Control Corp. in Seattle. In 1990, Graf was named executive vice president and chief operating officer of Cardiac Pacemakers Inc. (known as CPI) in St. Paul, Minn. He was made CEO of CPI in 1992, and in 1994 CPI became a part of Guidant Corp. as its Cardiac Rhythm Management Division. Graf served as president of Cardiac Rhythm Management for Guidant until his promotion to group chairman in 2000.

Graf graduated from Boston University with a bachelor's degree in business and economics and then served in the U.S. Air Force, including one year as a military adviser in Vietnam, where he was awarded the Bronze Star. He achieved the rank of captain prior to his honorable discharge and then earned his MBA degree in finance from IU in 1976.

In October of 2005, Graf joined New Enterprise Associates, one of the world's oldest and largest venture capital firms, as a venture partner. He is a member of the Kelley School's Dean's Advisory Council.

Larry D. Richman

Larry D. Richman

Larry D. Richman

For more than 25 years, including in his present position as president of commercial banking for LaSalle Bank Corp., Larry Richman has focused on fostering empowerment, promoting entrepreneurialism and building deep relationships with business leaders and their advisers as well as with his leadership team. LaSalle is the 12th-largest bank in the United States and one of the largest commercial banks in the Midwest. It is a wholly owned subsidiary of ABN AMRO, one of the largest global banks.

Richman is responsible for all of LaSalle's corporate banking, including middle market, metropolitan and correspondent banking. He oversees the public funds divisions in Illinois and Michigan, as well as 17 regional offices throughout the Midwest. He also manages the bank's national specialized industry groups, its international corporate banking groups and its leasing subsidiary, LaSalle National Leasing Corp. Additionally, Richman is responsible for large corporate business in the United States and Canada, and he serves as a member of the bank's executive committee, loan committee, asset and liability committee and advisory council, whose primary focus is promoting diversity.

Richman began his career at American National Bank and joined Exchange National Bank of Chicago in 1981 as a vice president, where he was responsible for building a commercial banking division. He was an integral part of the management team that joined LaSalle when Exchange National Bank was acquired in 1990. Under his leadership, LaSalle's commercial banking division has grown at twice the rate of the Midwest market.

In recognition of his passion and commitment to civic leadership, Richman was honored with the Civic Achievement Award by the American Jewish Committee in April 2005. He received his bachelor's degree from Bradley University and his MBA degree from Indiana University in 1976. He holds an advance certificate from Stanford University in credit and financial management.

He is a member of the Kelley School's Dean's Advisory Council and is a former director of the Kelley School of Business Alumni Association.

Desmond C. Wong

Desmond Wong

Desmond C. Wong

Since 1978, China's emergence as a global economic power has changed the world's competitive dynamics. Desmond Wong has played a role in helping American companies enter the Chinese market and retain our competitive edge in global commerce.

As Ernst & Young's expert on China subject matter, Wong provides decision support to North and South American and Chinese-domiciled clients, private equity firms and their portfolios companies in cross-border investment decisions involving the world's fastest-growing economy. Having operated in China since 1981, Ernst & Young has more than 4,000 professional staff in nine Chinese cities furnishing audit, tax and related professional services to Western multinationals operating in China and to Chinese enterprises seeking to access international capital markets.

While he was corporate director of finance at Sears, Roebuck and Co., Wong directed Sears' global long-term financing, acquisitions and divestitures, interest rate risk management, and credit rating defense and participated in the successful launch of the Discover card. He implemented Sears' anti-takeover defense in the late 1980s. Later, as managing director and CFO of a merchant banking firm, he specialized in bringing Western capital and technology into China.

A CPA, Wong earned a bachelor's degree in accounting with distinction from IU in 1973 and an MBA degree from Harvard Business School.

In the early 1980s, Wong was appointed to a U.S. presidential commission staff to make process re-engineering and cost-saving recommendations at the U.S. Treasury Department for President Ronald Reagan. A former trustee of the American Red Cross National Disaster Endowment Fund, he now serves on the boards of the IU Foundation and Junior Achievement of Chicago and on the Kelley School Dean's Advisory Council.

Wong is a former president and director of both the Kelley School of Business Alumni Association and the Harvard Club of Chicago and is a member of the Economic Club of Chicago. Consistent with his belief in the Chinese proverb "Drink water, ponder source," Wong and his late wife Karen have established IU athletic and Kelley School scholarship endowments to help replenish the resources that assisted in launching his career.

Georgette D. Mosbacher

Georgette D. Mosbacher

Georgette D. Mosbacher

Georgette Mosbacher has had an accomplished career in corporate, political and non-profit environments, promoting and furthering a wide range of causes involving the empowerment of women and the treatment of children.

Selected in 2000 as president and CEO of Borghese Inc. for her capabilities and expertise in revitalizing poor-performing companies, Mosbacher is responsible for the reorganization and refocusing of this prestige beauty company to bring it into profitability globally. As owner and CEO of LaPrairie from 1987 to 1995, Mosbacher built the company into a leading world-class prestige beauty company with a full line of successful cosmetics through the innovation of highly effective product development, sales and marketing programs in opening markets around the world. She launched Georgette Mosbacher Enterprises in 1995 and still manages this venture capital and marketing firm that specializes in business turnarounds.

Mosbacher's recognitions include the Entrepreneurial Woman of the Year Award from the American Women's Economic Development Corp., the Ellis Island Medal of Honor, the Entrepreneur of the Decade Award from the Touchdown Club of Washington, D.C., Woman of the World Award from Childhelp USA, Woman of the Year from the USO of Metropolitan New York, Outstanding Business Leader Award from Northwood Institute, Distinguished Humanitarian Award from Brandeis University and a Key to the City of Chicago from Mayor Richard M. Daley in 1989.

In addition to earning a bachelor's degree from IU in 1970, Mosbacher has been awarded honorary degrees from Bryant College and the International Fine Arts College. She is the founder of The Children's Advocacy Center of Manhattan, a privately financed, tax-exempt charity which has served hundreds of abused children and their families. She is the author of It Takes Money, Honey: A Get-Smart Guide to Total Financial Freedom (HarperCollins, 1998), which was praised by Fortune magazine as one of the best books in its category, and Feminine Force: Release the Power Within You to Create the Life You Deserve (Simon & Schuster, 1993), a practical and motivational guide for women.

Mosbacher's vast affiliations include being Republican National Committeewoman for the state of New York; general finance chairman of the Republican Governors Association; national chairperson for community development for Childhelp USA; honorary co-chairman of the New York Institute of Entrepreneurship; presidential appointment to the Advisory Board for Trade Policy and Negotiations; gubernatorial appointment to the executive advisory cabinet for the Kellogg Family for Kids Crusade; gubernatorial appointment to the New York State advisory board of the William B. Hoyt Memorial Children and Family Trust; mayoral appointment to the Hudson River Park Trust; and service on the boards of the M.D. Anderson Hospital Cancer Center, United Negro College Fund, HealthScribe Inc., Center for Democracy, National Realty Trust, USO and the IU Foundation, as well as the advisory boards of the Emerging Industries Fund, Harvard Center for Public Leadership and the Kelley School of Business.