Go McQuaid! Go Aquinas!

Attend a basketball or footballgame during sectionalsbetween McQuaid Jesuit and

Aquinas Institute, and you can see thelegendary rivalry between these twoprivate Catholic high schools inRochester.

Their competitiveness is built ontheir reputations: McQuaid is a 50year old, all-male prep-school foundedby the Jesuits; Aquinas is a 100 yearold, former Basilian-run institutionwhich became co-ed in 1982.

Differences turn into similaritieswhen you consider the presidents ofeach school: James Whelehan ofMcQuaid and Michael Daley ofAquinas.

Both are homegrown and raised inthe Catholic faith, worked in compet-itive public telecommunications companies, have children who attendparochial schools, “love to play golf,”were appointed to their new posts in2003 within two months of eachother, and both received MBAs fromRIT’s College of Business.

“Ultimately, we were hired becausewhat our schools need most are leaderswith real-world perspective, businesspeople who can raise money and sup-port for our Christian values and edu-cational mission,” says Daley, wholives in Greece with his wife and threechildren.

Daley is currently involved in twoseparate $5 million revitalization proj-ects for Aquinas, including a Fine ArtsCenter and new athletic complex toengage in some “healthy rivalry.”

Growing up in the 10th Ward in theshadow of Aquinas, Whelehan is wellaware of the rah-rah team spirit of the

school. “I think the rivalry betweenthe two schools is overplayed, and it’ssimply a matter of letting the bestteam win,” says Whelehan, who livesin Perinton.

Daley and Whelehan even the scorewhen it comes to their regard forRIT’s graduate business program.Both agreed it was rigorous but veryapplicable to real life.

“I can still remember Dr. JeffreyLessard and what we called hisLessardian Theory of Economics: thatpeople tend to do the least amount ofwork to get the job done, are often suboptimally informed, and want more

for less,” quips Daley with a laugh.“Maybe that’s why I decided to leaveindustry and give something back tothe community.”

Whelehan agrees: “In business, I wasworking 100 miles an hour and travel-ing all the time. I have seven childrenand it was hard to be there for them; Iwas missing out on their lives.

“Although my kids still don’t let mehelp them with their homework, Iknow what it takes to be president ofMcQuaid. It’s something I learned atRIT-how to be good at making moreout of less.”

James Whelehan ‘85 MBA and Michael Daley ‘90 MBA have followed remarkably sim-ilar career paths and now serve as presidents of McQuaid Jesuit and Aquinas Instituterespectively.

Dean’s Message

You needn’t look far to seethat the future of theCollege of Business and its

alumni community is brighterthan ever before. Today’s COBstudents, tomorrow’s alumni, areamong the most involved at theInstitute, proving themselves dayin and day out to be valuableresources to the entire RIT popula-tion.

With eleven active COB studentorganizations sponsoring dozens ofevents each quarter, our studentsprovide unparalleled opportunities

for learning outside of the classroom, enabling their classmates to beactive members of the local community and energetic members of ouralumni family. Two groups in particular exemplify the spirit of lead-ership that runs throughout the College of Business: the LowenthalGroup and the Student Alumni Association.

The Lowenthal Group, led by staff advisor Marty Burris, Director ofMarketing, Undergraduate Business Programs, and co-leaders AmyKennicutt, Brian Patterson, Valerie Pope and Bethany White, partici-pate in all aspects of life at the College of Business. They take part inactivities that enhance student recruitment, student retention, andsponsor several COB special events each quarter including the annualCollege of Business fall picnic. Contributions made by the Lowenthalgroup extend far beyond the walls of the College of Business.Members take part in activities benefiting, among others, the UnitedWay, Junior Achievement and the American Cancer Society.

The Student Alumni Association, one of the newest groups withinthe college, works to build awareness of COB alumni programmingamong the student population, helping to build lifelong, mutuallybeneficial relationships between the two groups. With the help of staffadvisors Donna Slavin, Coordinator of Special Events & Programs,and Bryan Hensel, Assistant Director of Alumni Relations, theStudent Alumni Association has begun work on an ambitious sched-ule of future events and activities, and has been highly successful inraising scholarship funds to benefit current and future generations ofCOB students.

Today’s student leaders, with the help of our many talented facul-ty and staff members, and through the support of generous alumnidonors, have helped elevate the RIT College of Business to amongthe best business schools in the world. I am proud of all that we haveaccomplished and am looking to the future with great anticipation.I encourage each of you to read through these pages of Dividends,share in the success stories of our alumni, and learn how you canbecome a member of our ever growing and ever more esteemedalumni community.

Thomas D. Hopkins

Calendar of Events

FEBRUARY

5 The Challenges and Threats from China & JapanDr. David Reid, Professor, Benjamin Forman Chair ofInternational Business explores this topic.

18 COBRA Night at Rohrbach’s Brewing Company, Inc.Join COBRA as we taste different foods paired with differ-ent beers of the world.

MARCH

9 Women’s Health Awareness EventJoin the COB Women’s Alumnae Network as they samplefoods and discuss women’s health issues.

17 Dean’s Reception in Kansas City, MOJoin Dean Hopkins for cocktails and hors d’oeuvres. Aninformative reception, you will have a chance to catch upwith what’s current at the COB as well as RIT.

18 COBRA Tours the Elizabeth GalleriesLocal artists will be there to talk about their work.

25 Herbert W. VandenBrul Entrepreneurial Award LuncheonThis award is presented annually to a local Rochester entrepreneur who has had a major impact on the Rochestercommunity.

26 RIT Alumni Entrepreneurial ConferenceAre you an entrepreneur, or considering starting your ownbusiness? If so, don’t miss this exciting new conference on theRIT campus.

APRIL

8 Alumni Breakfast BriefingJoin other COB alumni for breakfast and a guest speaker atthe Oak Hill Country Club.

23 2004 Class Toast ReceptionHelp us welcome the College of Business Class of 2004 to thealumni community.

TBD William D. Gasser lectureship in BusinessJoin College of Business faculty, staff, students and alumnifor this annual lecture.

To RSVP or to learn more about any of the above events visitour web page at www.cob.rit.edu/alumni or contact Donna

Slavin at dslavin@cob.rit.edu.

of Jesus Christ of Latter-day Saints, coor-dinating church and government assis-tance for immigrants from SoutheastAsian refugee camps in Thailand. Pattealso serves on the Houston RegionalPublic Affairs Board for the church.

It takes a savvy individual to bridgethe demands of the business worldwith the elegance of an opera house.

This is exactly what College of Businessalumna Patte Comstock ‘68 has accom-plished, and for which she was celebrat-ed as the 2003 Houston Grand OperaGuild’s volunteer of the year.

“Everyone who knows Patte, knows herfor her dedication and drive: Patte flatgets things done,” said Ward Pennebaker,the Guild’s president, at an awards cere-mony honoring Patte this past October.

Patte’s drive developed early in her life.By the age of 19, while a full-time retail-ing student at the College of Business,Patte owned her own women’s clothingstore, The Fashion Bar, in her hometownof Brockport, NY. Traveling to NewYork City during school breaks to do thebuying for the store, Patte developed herflair for product selection, presentationand most importantly, finance duringthis time.

After moving to Houston, TX in 1980with husband and fellow COB alum,Paul ‘71, Patte put these skills to work,becoming involved with the Houston

Grand Opera as a volunteer for theOpera’s annual fund drive. In 1986,after serving in several leadership positions,Patte began what is considered her “sig-nature role” with the Guild, the OperaBoutique. She prepared its first businessplan and financial projections for theBoutique’s debut when the Operamoved from Jones Hall, to its currenthome, the Worthman.

In the years since, Patte has put herretailing background to good use, open-ing the Boutique to new and innovativeproducts and displays, tripling its netincome.

“Today the revenue derived from theBoutique funds the entire Guild operat-ing budget. Our Boutique is the envy ofthe Opera world - most others struggleto stay solvent,” said Pennebaker.

After completing her term as the Guildpresident in 2001, Patte accepted hercurrent roles with the organization; vicepresident of Special Events and vicepresident of the Boutique.

In addition to her involvement withthe Houston Grand Opera Guild, Pattehas taken an active role in The Church

Alumna Patte Comstock ‘68 Named Houston Grand OperaGuild’s Volunteer of the Year

Patte Comstock ‘68, recipient of the 2003Houston Grand Opera Guild’s volunteerof the year award.

Protecting intellectual propertyremains a top concern of seniorexecutives in the international

business arena. No industry may be asvulnerable in that area as the music business – as illustrated by the recentcrack down on the popular practice of“file sharing.”

Michael Smellie, chief operating offi-cer of BMG Music Service, Inc. sharedthe music industry’s perspective duringthe latest installment of the FormanHonored Speaker Series, sponsored bythe Center for International Business inthe College of Business.

Smellie’s presentation “The Managementand Protection of Intellectual Property inInternational Markets” explored the cur-rent state of the music industry, copy-right protection issues, the strategiesbeing used to combat music piracy, and

detailed why in recent years theRecording Industry Association ofAmerica (RIAA) has taken a series of legal

BMG Exec Addresses Music Piracy Issues

Michael Smellie, COO,BMG Music Service, Inc.

steps to target people who illegally sharesongs on the Internet. The RIAA esti-mates that the industry loses $4.2 billioneach year to worldwide music piracy,which includes online file sharing.

“It’s a provocative issue, and the poten-tial implications for both the industryand its consumers are enormous,”explains David Reid, Benjamin FormanChair in International Business anddirector of the COB’s Center forInternational Business.

BMG, one of the five largest musiccompanies in the world, represents manytop-selling artists, including ChristinaAguilera, Kenny Chesney, The DaveMatthews Band and Justin Timberlake.A native of Australia, Smellie directs theoperations of the international companyfrom his office above Time Square inNew York City.

happening. What we are seeing is a lot of‘business as usual.’”

During his lecture, Fram analyzed twoimportant governance issues that hebelieves are being overlooked by the aca-demics researching corporate governancereform and media reporting on the topic.

The recent ouster of Richard Grassoas chairman of the New York StockExchange intensified the debate

over corporate governance. Reform effortsinitiated in the wake of previous scandalslike Enron, WorldCom and GlobalCrossing are now well documented. But arethey getting the job done?

Eugene Fram, the J. Warren McClureResearch Professor of Marketing in theCollege of Business, addressed that issueduring the seventh biennial J. WarrenMcClure Lecture, last October. His conclu-sion, “It’s Not Over for Business andNonprofit Board Directors.”

The current revolution in governancereform may be more perception than reali-ty. While many organizations have takensteps to address issues such as internalfinancial control, internal and externalfinancial communications, and codes ofethics, Fram says his research indicates thatthis is only scratching the surface.

“All of this adds up to modest change inboard environments,” he argues, “at a timewhen most people assume a great deal is

With mainstays of the Rochestereconomy including Kodak,Xerox and Global Crossing fac-

ing troubled times, the future of theRochester economy may very well rest inthe area’s many high-tech, startup firms andthe technologies they develop. Leading thisshift in the Rochester economy is one of theCollege of Business’s own. Pano Spiliotis, a1999 graduate of the Imaging Science pro-gram and 2001 MBA graduate, is theGeneral Manager of Pixel Physics, ananchor tenant in RIT’s High TechnologyIncubator located in Henrietta, NY. With2003 revenues twice those of the yearbefore, the future is bright for Pixel Physics,which specializes in high-end digital remotesensing systems.

Spiliotis got his start with Pixel Physicsshortly after graduating from the imagingscience program. “I was introduced toMichael Richardson, a research staff mem-ber within the Center for Imaging Scienceand one of the founders of Pixel Physics,while doing imaging science R&D work atRIT,” recalled Spiliotis. “Working with the

Spiliotis Leads Digital Imaging Startup

Is Corporate Governance Reform Only Just Beginning?

technology was great - it was what I wentto school for. I knew the digital imagingindustry was where I wanted to be, but Ireally wanted to try my hand at the busi-ness end of things.”

The RIT MBA program provided theperfect opportunity to make this happen.With concentrations in TechnologyManagement & Finance, Spiliotis complet-ed the MBA program in August 2001 andfound himself in an ideal position to affectPixel Physic’s business strategy.

“In early 2002 we were purely R&D, providing contract services for Fortune 500companies including Kodak, Xerox andBausch & Lomb,” recalled Spiliotis. “Iknew that if we were going to grow, weneeded to develop some of our own prod-ucts.”

That opportunity came in January 2002.“We were approached to develop a digitalcolor infrared aerial remote sensing system.In the past this had been done only withfilm,” said Spiliotis. “We knew that oncedeveloped, this technology could beapplied to a wide variety of aerial imagingproducts.”

Pano Spiliotis ‘99, ‘01 MBA, GeneralManager, Pixel Physics, Inc.

Eugene Fram, J. Warren McClureResearch Professor

First is the ability of board directors todedicate the time necessary to thoroughlyidentify and investigate problems withintheir firms, and second is the question ofdirector due diligence. That is, exactlyhow deeply should an individual investi-gate a company before accepting a positionon a board?

Fram also identified what he believes thebusiness and not-for-profit worlds need todo in order to achieve broader governancereform. “Boards need to stay ahead of theregulators, and those setting professionalstandards. They need to actively pursuevoluntary changes to assure investors thatthe playing field is level and more securefrom accounting fraud.”

RIT president Albert Simone, and COBalumnus Michael Morley ‘69, executivevice president and chief administrative offi-cer at Eastman Kodak Co., offered briefresponses at the conclusion of the lecture.

A video stream of Dr. Eugene Fram’s lecturecan be viewed at:http://blade.rit.edu/mcclure.asx

Pixel Physics was successful in develop-ing the technology in the form ofColorPhysics™, an imaging core technol-ogy used in aerial remote sensing, surveil-lance and scientific metrology markets.“In the last six months we’ve done a greatjob of identifying applications forColorPhysics™, and have sold a largenumber of the systems,” said Spiliotis.“This has been a huge step in shiftingPixel Physics from a purely service compa-ny to one which is product oriented.”

(continued on page 5)

Alumni Notes1950Kenneth C. Gernold ‘50 is self employedas an interior designer and is selling his-toric properties in the Rochester area.

1969Edward W. O’Grady ‘69 is President ofthe Department of New Jersey ReserveOfficers Association of the United States.He would like friends to know he had agreat time at the ROA NationalConvention held in New Orleans, LA lastJune. Edward is also a member of the USSBarney DDG-6 Alumni Association whichheld its first reunion in 2002. TheAssociation is in the process of saving theBarney as a museum. Visit www.uss-bar-ney-dg6.org to help. Edward has recentlycelebrated his 29th wedding anniversarywith wife Maria, formerly of Victor, NY.Edward’s oldest daughter, Shannon Marieis a junior at Rider University. Youngestdaughter, Kerry Ann is in the U. S. Navystationed aboard the USS Wasp LPH-1based in Norfolk, VA.

1970Cori Zyerveld Ryniker ‘70 is President ofthe Board for the Althareta Yeargin ArtMuseum, part of the Spring BranchSchool District in Houston, TX. She alsoserves as a volunteer docent for theHouston Museum of Fine Arts andremains active in the Texas Gulf CoastChapter of the American Society ofInterior Designers.

1973Jo Ann Van Der Werken ‘73 CNHP IIPAreturned to Rochester in 1991 after profes-sional careers in New York City andSeattle, WA to establish Natural NutritionServices to serve the Rochester naturalhealth community. Visit their website atwww.beinginbalance.com.

1978Jeanine Kuflik ‘78 has been working inthe Real Estate & Financing industry forthe past four years. She encourages fellowRIT alums to look her up on the RITonline community. www.alumniconnec-tions.com/rit

1979Charles Speer ‘79 is employed as anInvestment Representative for EdwardJones and invites any of his former class-mates to contact him at (585) 266-3870.

Jill Talladay-Henderson ‘79 was recentlyelected as president to the Cape CodHospitality Marketing Association.

1983Linda J. Wiener ‘93 MBA is working asthe Practice Administrator for ParkWestWomen’s Health and is teaching FinancialManagement for the New School for SocialResearch through their online program.Linda has returned to the College ofBusiness to take accounting courses and isplanning to take the CPA exam.

1986Roch G. Whitman ‘81, ‘86 MBA is work-ing at the Rochester Institute of Technologyas the Assistant Director of Part-timeEnrollment.

1987Patricia L. Perevich ‘87 has received thedesignation of Certified ProfessionalServices Marketer. Patricia is the MarketingManager for LaBella Associates, P.C., aRochester based architectural, engineeringand environmental consulting firm. Shehas been with the firm since 1995.

1993Dana Hollie ‘93 received her Ph.D. inAccounting from Washington University inSt. Louis in August, 2003 and has accepteda position with the University of Houstonas a tenure-track assistant professor ofaccountancy beginning fall of this year.

Nick Jensen ‘93 is working as theAccounting & Credit Manager at CrosmanCorporation. He and wife Erin have threeboys and are living in Naples, NY.

Louis Germain ‘93 was named to theRochester Business Journal’s 2003 FortyUnder 40, its annual list honoring profes-sionals under 40 years of age for service intheir jobs and in the community. Louis isPresident of Lumarc ComputerCorporation, a company specializing ininformation technology solutions based inRochester, NY.

Erin (Clancy) Mike-Mayer ‘93 is living inRaleigh, NC and is working as a TaxConsultant. In 1999 Erin was married toLaszlo Mike-Mayer. The happy couple hadtheir first child, a baby boy, in March 2002,and their second, a baby girl, in July 2003.

1994James Munro ‘94 continues to live inRochester, NY, working for Harris Interactive,

formerly Gordon S. Black Corp., as theRochester Survey Programming manager.

1995Jonathan M. Stern ‘95 was recently pro-moted to Vice President at InnovativeCapital, LLC, a healthcare finance compa-ny based in Springfield, PA.

Jeff Ziskowski ‘95 is employed as aProject Management Consultant at StateStreet Corporation in Quincy, MA. Heasks friends to contact him at jzis@usa.net.

1996Don Schriber ‘96 MBA is a VicePresident for Earth Tech, Inc., a subsidiaryof Tyco International. He is responsiblefor multiple offices in the southeast andinfrastructure projects throughout theUnited States. Don commutes betweenRochester and Atlanta, GA.

1997Brian Malthaner ‘97 MBA and wifeSusan are proud to announce the birth ofdaughter Madison Katherine. Madison,eager to get an early start in life, was borntwo months early on July 7, 2003, weigh-ing 3lbs. 3oz. and standing 15 3/4 inchestall.

Alexa (Bordynski) Schwartzbeck ‘97 wasrecently promoted to Senior SoftwareEngineer by her employer, West, AThomson Company, based in Rochester,NY.

Andrew Young ‘97 MBA was named tothe Rochester Business Journal’s 2003Forty Under 40, its annual list honoringprofessionals under 40 years of age forservice in their jobs and in the communi-ty.

1999Kirsten Knorr ‘99 is employed byDeloitte & Touche and has recently beenpromoted to senior accountant. Kirstenresides in Rochester, NY.

2000Katie (Falcone) Cross ‘00 and husbandJerry are the proud parents of son EthanAnthony, born September 25, 2003.

Andrew Dewar ‘00 has recently accepteda position with Polo Ralph Lauren as aRetail Systems Business Analyst inLyndhurst, NJ, and is now residing inJersey City Heights, just outside Hoboken,NJ.

(continued on page 7)

other activities taking place around campus. If you missed this year’s Brick City

Festival, don’t worry. Plans are alreadyunderway for next year’s festivities takingplace October 21-24, 2004.

October 10th, 2003 marked thebeginning of RIT’s 3rd annualBrick City Festival; an all campus

celebration encompassing AlumniWeekend, Reunion, Family Weekend andRegatta. With a record 3,374 alumni, par-ents and students in attendance, the collegewas buzzing with activity.

Highlights were plentiful and includedthe College of Business Dean’s receptionhosted by COB Dean, Dr. Thomas D.Hopkins. The reception concluded with aninvitation to COB alumni, parents and stu-dents to take part in the inaugural “Back tothe Classroom” series, which featured lec-tures, workshops and discussions on topicsranging from trends in the managementinformation systems (MIS) field, to a dis-cussion of the state of the accounting indus-try entitled “Crisis in Accounting: Myth orReality.” Eight College of Business facultymembers participated in the series.

Alums not as eager return to the class-room were free to take part in a variety ofother activities including a lecture by distin-guished economist and actor Ben Stein, acomedy show led by Whose Line is itAnyway? comedians Colin Mocherie andBrad Sherwood, President Simone’s State ofthe Institute address, or any of the dozens of

Alumni Weekend 2003!

Alumni, family and friends returned totheir alma mater for RIT’s 3rd annualBrick City Festival held last October. Agood time was has by all as alums fromaround the country reconnected with oldfriends and classmates.

College of BusinessLaunches Class AgentProgram

College of Business alums have anew tool to keep in touch withcollege friends and look-up for-

mer classmates. This past fall, sixteenCollege of Business alums volunteered toserve as the college’s first “Class Agents.”

In the coming years, a growing numberof COB Class Agents will work to recon-nect, share information, and build net-works within their graduating class yearsby helping keep their classmates informedof COB alumni activities, college initia-tives and the latest news from their fellowalums. Class Agents will be sending semi-annual e-newsletters to their entire classand have promised to keep in regular con-tact with eight to twelve of their closestcollege friends.

The College of Business would like tothank the following individuals for volun-teering to serve as COB Class Agents:

- Donald Naylor ‘61- Judith Sturge ‘61- Susan Foley ‘73, ‘79- Donald Wilson ‘73- Keith Wolling ‘75- Mary Dunay ‘76- John Brown ‘84- Lynn Siverd ‘88- Amy Woycechowsky ‘92- Todd Delaney ‘95- Karen Eisenberg ‘98- Patricia Tracy ‘98- Duane Shearer ‘99- Yolanda Lewczuk ‘00- Shannon Sutton ‘01- Kristin Metz ‘02We are still actively recruiting Class Agents,

so if you would like information on becom-ing a COB Class Agent please contact BryanHensel at bhensel@cob.rit.edu.

Spiliotis . . . (continued from page 4)

“Our R&D contracts still turn out goodrevenues. More importantly, these con-tracts present us with opportunities toleverage the technologies we develop foruse in our core ColorPhysics™ platformfurther expanding our position in theremote sensing market,” Spiliotis com-mented. “It’s exciting to work in a high-tech startup like Pixel Physics. The indus-try is so fast-paced; you never know wherethe next billion-dollar idea will comefrom.”

“I owe a great deal to RIT for helping meget to where I am today. RIT continues tobe heavily involved in the company, and it

was my RIT MBA that allowed me to takefull advantage of the opportunities PixelPhysics represented.” Spiliotis said,“Working in an entrepreneurial setting istough, but where else could I have suchgreat prospects for growth? I’ve always hadthe entrepreneurial spirit, but it was myCollege of Business MBA that gave me thetools to make these growth prospects areality.”

With Pixel Physics growing rapidly, andwith plans to marry College of Businessalumna Tracie Lamphere ‘99, ‘01 MBA inMay 2004, Pano has some busy monthsahead of him. But as any good entrepre-neur, he is up to the challenge.

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Alumni Notes . . . (continued from page 6)

Dawn McWilliams ‘00 MBA is employedby the University of Rochester, SimonSchool and was recently promoted toExecutive Director of Marketing andCommunications and now serves as theschool’s primary marketing and communi-cations manager.

2001Adam Burke ‘00, ‘01 MBA is employedas an Application Engineer working forVisionPoint Media Inc., a company spe-cializing in Digital Marketing Solutions.Adam lives in Raleigh, NC.

Col. Al Calvi ‘01 MS is assigned with the352nd Civil Affairs Command on duty inBaghdad, Iraq and is proudly supportingOperation Iraqi Freedom. Col. Calvi hasbeen in Iraq since January, 2003. He hasparticipated in the early planning stages ofthe war, the conduct of the war, and is nowdeeply involved in the post hostilitiesoperations helping Iraq return to a pro-ductive member of the world community.Col. Calvi would like others to know ofthe progress the U.S. service men andwomen are making in Iraq; schools areworking, police are on the streets, power& water infrastructure is working at high-er capacities than before the Saddamregime. Truly great things are beingaccomplished!

Erin Connolly ‘01 MBA has accepted aposition at Xerox Corporation as anEquipment Revenue Financial Analyst.Erin resides in Rochester, NY.

Jeffrey C. Fasoldt ‘01 MBA CPA CMAhas joined Business Methods, Inc. inRochester as Vice President of Finance &Administration and Treasurer.

Jerry Furciniti ‘99 ‘01 MBA marriedLaura Patric in September 2003. Jerry isemployed at QCI Asset Management as aportfolio manager.

Christopher Ryan ‘01 MBA and wifeHeidi are proud parents of son PatrickMichael, now one year old, and are look-ing forward to the second addition totheir family, due February 9, 2004.

2003Natalia Coistek ‘03 is currently employedby Clover Capital Management, aRochester based money management firm,as an equity analyst following the oil andgas sectors. Natalia currently resides inRochester, NY.

Philip Levine ‘03 married Melanie Evans‘01, ‘04 MS Psychology in June 2003 inMaryland. They now reside in Royal PalmBeach, FL. Philip has been working as aproduct support specialist for Accrisoft, aninternet software company in Boca Raton,Florida since June 2003.

and is assured summer employment andco-op opportunities at M&T Bankthroughout the student’s undergraduatestudies.

Two COB students currently benefitfrom the program. Berta Rivera is a third-year international business student andAdam Sawyer is a finance major in hisfourth year of study.

Candidates for the M&T scholarship mustbe traditional minority students from theRochester-area. For more information, con-tact Marty Burris at mburris@cob.rit.edu.

M&T Bank has renewed its suc-cessful initiative with the Collegeof Business to support the educa-

tional needs of some Rochester-area stu-dents. Through an additional gift of$50,000, the bank has sustained its com-mitment to the M&T Scholars Program.

Since 2000, the M&T Scholars Programhas helped local students acquire a solideducational foundation while gaining thepractical experience needed to succeed inthe workplace and become advocates forthe community. As a result of the newfunding, one student entering the COB in2004 and 2005 will receive a scholarship

M&T Bank Renews Scholarship Program

M&T Bank Scholarship recipientsAdam Saywer and Berta Rivera pose inthe RIT College of Business.

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