Dear Fellow Alumni:

You and I share a bond of great distinction — we all hold degrees from a business college ranked in the nation's top ten, a college that is part of a truly great institution of higher learning. I wear my alumni badge proudly and hope you do too. As president of the Commerce Alumni Association I have a chance to observe the workings of the college from the inside, and familiarity only breeds more respect and awe. The faculty and student body at Commerce are truly impressive. And you, our alumni, continue to heap up successes that bring renown to your name and honor to the college.
On April 7, 2000, the Commerce Alumni Association will hold its 40th Annual Spring Luncheon at the Palmer House Hilton in Chicago. I hope to see a great many of you at this event where we honor outstanding faculty and teaching assistants as well as alumni and friends. This year's Distinguished Commerce Alumnus Award will be given to Thomas A. Murphy, class of '36, whose illustrious career was crowned when he served as chief executive officer of General Motors from 1974-1980. The Commerce Appreciation Award is being presented to Howard Thomas, who has served as dean of the college from 1991_2000. Dean Thomas is leaving the college at the end of spring semester to take up new challenges as dean of the business school at Warwick University in England. The luncheon this year will be especially memorable.

Looking forward to the end of the semester, I want to remind you about the Commerce Alumni Association's continued involvement with the Commerce Convocation festivities. For many years now the association has provided diploma covers to all those who participate in the main college convocation. We also host a reception between the two ceremonies for all graduates and their families, providing an opportunity for them to spend time with each other and their fellow graduates and to meet some of the college personnel and faculty who have guided the class of 2000 to this moment of high achievement and celebration. Last January I was honored to be the keynote speaker at the winter convocation ceremony.

In closing, I want to invite each of you to join us at our events, whenever and wherever possible. If you are not already a member of the Alumni Association, you can use the application form included in this newsletter to join. As Illini we have much to be proud of — students, alumni, and faculty. Keep in touch and rekindle the old ties by visiting campus when you can. In the fall, after renovations in Com West are completed, would be an excellent time.

Warmest regards,

Patrick E. Rea

President, Commerce Alumni Association




College of Commerce & Business Administration u University of Illinois at Urbana-Champaign

April 7, 2000 - Palmer House Hilton, Chicago
Keynote Speaker: Richard A. Christensen
Director, Alliances & Acquisitions, e-GM, General Motors Corporation

Call 217-244-6669 for registration information

Meet Your Commerce Alumni Association Executives

The Commerce Alumni Association is pleased to note the following appointments:

Following a term as vice president of the Commerce Alumni Association Board, Patrick E. Rea (BS '63, MS '64 Economics) has accepted the post of president. Rea serves as executive director of the Illinois Development Finance Authority (IDFA), which provides access to capital for Illinois businesses and industry, not-for-profit organizations, and local government units. He joined the agency in December, following a thirty-year career with First Chicago Capital Markets, during which he managed state accounts in Illinois (including the University of Illinois account) and Indiana and served as lead banker for U.S. government relationships. He is a resident of Tinley Park, where he has been a village trustee for almost thirty years. He has served as the chairman of the board and CEO of the Chicago chapter of the American Institute of Banking for the past four years and also serves on a number of boards of directors for public higher education and not-for-profit foundations, and professional associations. A retired Brigadier General in the U.S. Army Reserve, he is a Registered Municipal and General Securities Representative, and has published in the area of local taxation and government debt financing. Rea, who will serve as president through academic year 2001, succeeds John Lassiter (BS '59 Economics), who is president and chief executive officer of Financial Designs of Illinois.

Named to the post of vice president of the Commerce Alumni Association Board is Bruce Boruszak (BS Accountancy `79). A partner in the Chicago law firm of Wildman, Harrold, Allen & Dixon, Boruszak works in the firm's real estate, corporate, securities, and tax practice groups. A guest lecturer at the Kellogg Graduate School of Management at Northwestern University, he is currently chairman of the School District 109 Caucus, and former chairman of the North Shore Cable Commission. Boruszak holds a law degree from the University of Michigan, where he graduated cum laude in 1982. He also graduated Commerce with highest honors.

National Advocates Fran (BS '61 Elementary Education) and Gant Redmon (BS '59 Commerce Law, LLB '61 Law) hosted four Commerce accounting students at their home in Alexandria, Virginia. The four are spending the spring semester as interns with KPMG, LLP, in Chicago. All four are part of the first class of Illini that will have to earn 150 hours before they can take the CPA examination. Participating in a semester-long internship is one of the innovative approaches the department has taken to this requirement. KPMG provided training for all interns in Washington, D.C. Linda Seibert (center) is Fran Redmon's cousin.
Pictured left to right: Fran Redmon, Sara Chappel, Linda Seibert, Judy Chen, and Kim Combs.