FOR RELEASE: May 7, 2007
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TEMPE, Ariz., May 7, 2007 — Six recipients of R. Gene Richter Scholarships were honored May 7, 2007 at an awards dinner held during Institute for Supply Management™'s (ISM) 92nd Annual International Supply Management Conference and Educational Exhibit in Las Vegas. Each year, Richter Scholars are guests of ISM at its Annual Conference.
Now in its fourth year, the R. Gene Richter Scholarship Program has grown to be the largest nationally recognized scholarship program in the field of supply chain management. The program identifies the future leaders of supply management and fast-tracks them into the profession. Winners receive tuition assistance of up to $5,000 and are also offered the benefits of two mentoring programs: the Executive Mentoring Program, which pairs the student with an established executive; and the Junior Mentoring Program, which pairs the student with a young professional from the Richter Scholar Class of 2005.
The R. Gene Richter Scholarship Program was established in memory of supply management innovator and leader R. Gene Richter. Richter is admired for elevating the profession to world-class stature. He led the supply organizations at The Black & Decker Corporation, Hewlett-Packard and International Business Machines (IBM).
Supply management scholars honored at the R. Gene Richter Scholarship Awards Dinner include:
Julianna L. Beall — Beall is entering her senior year at The Eli Broad College of Business at Michigan State University in East Lansing, Michigan. She is preparing to graduate in May 2008 with a bachelor's degree in supply chain management with a specialization in information technology. "Supply chain management offers many exciting challenges and opportunities to directly impact the performance and financials of a company," Beall says. "I also enjoy working in an environment where a team orientation is imperative for success."
Paul Boyer — Boyer is entering his senior year at Miami University's Richard T. Farmer School of Business in Oxford, Ohio. He is preparing to graduate in May 2008 with a bachelor of science degree in business administration with a major in supply chain management and a minor in management information systems. "Efficient supply chain management is at the cutting edge of business necessity and it is an exciting time to be entering such a field," Boyer says.
Michael J. Ferrara — Ferrara is entering his senior year at Duquesne University's A.J. Palumbo School of Business Administration in Pittsburgh. He is preparing to graduate in May 2008 with a bachelor's degree with concentrations in marketing, supply chain management and sports marketing. "Marketing is the complement to my supply chain management degree," Ferrara says. "I am anxious to get started applying the theoretical knowledge base I learned in class to real-world experience."
Narissa Lee — Lee is entering her senior year at Clark Atlanta University School of Business in Atlanta. She is preparing to graduate in May 2008 with a bachelor's degree in business administration with a major in supply chain management and finance. "Companies now are truly realizing how beneficial supply chain management is, and expertise is always needed," Lee says. "I plan to master the craft of supply chain management and use my skills and knowledge to further company growth."
Leslie Hubbard — Hubbard is entering her last semester at The Pennsylvania State University's Smeal College of Business in University Park, Pennsylvania. She is a student in the Schreyer Honors College. Hubbard is preparing to graduate in December 2007 with a bachelor's degree with concentrations in supply chain and information systems and a minor in economics. "I am confident that I will never feel trapped by my career decision because supply chain management provides amazing options and opportunities," Hubbard says. "I can choose a more hands-on role and work in a distribution center or at a manufacturing site, or I could choose a role in a corporate setting and work as an analyst or planner. Either way, I'll be playing a major role in my company's supply chain."
Lindsay Sue Olthafer — Olthafer is entering her senior year at University of Wisconsin at Madison's School of Business. She is preparing to graduate in May 2008 with a bachelor's degree in business administration with a major in marketing and a specialization in supply chain management. "I have chosen supply chain management because it is an essential part of successful businesses," Olthafer says. "This field is aligned with my personal interests and it will allow me to make improvements in any type of company."
The R. Gene Richter Scholarship Selection Committee is composed of supply executives who are very discriminating, says Nancy Richter, president of the R. Gene and Nancy D. Richter Foundation. "These are very influential leaders in the profession who maintain very rigorous standards when they review the applications," Richter says. "The areas of student achievement they take note of include study abroad, meaningful internships, leadership on campus and the breadth of academics, such as multiple majors or Honors College status."
The 2007 R. Gene Richter Scholarship Selection Committee includes: Kathleen R. Fuller, vice president, global procurement services and operations, integrated supply chain, IBM Corporation; Tim Hart, director, global indirect procurement, Intel Corporation; Clive Heal, senior director and business process owner, procurement, Genentech Inc.; Tony Milikin, chief procurement officer and senior vice president – supply chain, MeadWestvaco; Anthony S. Nieves, C.P.M., senior vice president – supply management, Hilton Hotels Corporation; Grace Puma, vice president, indirect materials and services global supply chain procurement, Kraft Foods; Shelly Stewart Jr., senior vice president, operational excellence and chief procurement officer, Tyco International (US) Inc.; and Nancy D. Richter, president, R. Gene and Nancy D. Richter Foundation.
For information on the R. Gene Richter Scholarship Program, visit www.richterfoundation.org.
As the largest supply management institute in the world, the mission of Institute for Supply Management™ (ISM) is to lead supply management. By executing and extending its mission through education, research, standards of excellence, influence building and information dissemination — including the renowned monthly ISM Report On Business® — ISM continues to extend the global impact of supply management. ISM is proud to recognize professional excellence in supply management with awards such as the ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management and the J. Shipman Gold Medal Award. ISM's membership base includes more than 40,000 supply management professionals in 75 countries. Supply management professionals are responsible for trillions of dollars in the purchases of products and services annually. ISM is a member of the International Federation of Purchasing and Supply Management (IFPSM).
ISM defines supply management as the identification, acquisition, access, positioning and management of resources and related capabilities the organization needs or potentially needs in the attainment of its strategic objectives. Further, supply management is: future oriented, senior-management critical, strategic in relation to the competitive imperatives of the organization, and a significant contributor to marketplace intelligence and profitability. Components included under the supply management umbrella are: purchasing/procurement; strategic sourcing; logistics; quality; inventory control; materials management; warehousing; transportation/traffic/shipping; disposition/investment recovery; distribution; receiving; packaging; product/service development and manufacturing supervision.