Tag: Harvard Business School

Harvard Business School Senior Lecturer Paula A. Price to Join Macy’s, Inc. as Chief Financial Officer

New Macy’s Chief Financial Officer Paula A. Price (photo via theshelbyreport.com)

by Lori Lakin Hutcherson (@lakinhutcherson)

According to businesswire.com, Macy’s, Inc. (NYSE:M) recently announced that Paula A. Price will be appointed the national department store’s Chief Financial Officer, effective July 9, 2018.

Price will be responsible for leading the company’s finance, accounting, investor relations and internal audit functions. She will report to Jeff Gennette, Macy’s, Inc. chairman and chief executive officer, and will be based in New York. Price will succeed Karen Hoguet, who plans to retire at the end of the 2018 fiscal year. Ms. Hoguet will remain with Macy’s, Inc. in an advisory role to support the company during a transition period until February 2, 2019.

“I’m excited to have Paula join Macy’s, Inc. at such an important time for our business. She is an accomplished financial executive with an impressive breadth and depth of retail experience and will be a great addition to the team. Having led finance in a variety of complex and dynamic retail organizations, Paula’s insights and experience will serve Macy’s, Inc. well,” said Gennette.

Price joins Macy’s, Inc. with 30 years of finance experience primarily in retail and consumer-facing businesses. She is currently a full-time senior lecturer in the accounting and management unit at Harvard Business School, a role she has held since 2014.

According to the Wall Street Journal, Price also serves as a director on the board of consulting firm Accenture PLC, where she chairs the audit committee and is a member of the compensation committee. She is a director on the boards of Western Digital Corp., Blue Cross Blue Shield of Massachusetts and the Financial Guaranty Insurance Company. Ms. Price resigned from the board of Dollar General Corp. on May 17.  Before her stint at Ahold U.S.A. as CFO, Ms. Price was controller and chief accounting officer at CVS Caremark Corp.

Linda Oubré Selected as President of Whittier College in California

Whittier College President Linda Oubré (photo via biz journals.com)

via jbhe.com

The board of trustees of Whittier College in California, has chosen Linda Oubré as the educational institution’s fifteenth president. When she takes office on July 1, Dr. Oubré will be the first African American and the first person of color to serve as president of Whittier College.

Whittier College, located east of Los Angeles, enrolls about 1,600 undergraduate students and approximately 450 graduate students, according to the latest statistics supplied to the U.S. Department of Education. African Americans make up 4 percent of the undergraduate student body. The college’s most famous graduate is Richard M. Nixon.

For the past six years, Dr. Oubré has served as dean of the College of Business at San Francisco State University. Earlier, Dr. Oubré was executive director of corporate relations and business development, and chief diversity officer for the Graduate School of Management at the University of California, Davis.

Dr. Oubré holds a bachelor’s degree in economics from the University of California, Los Angeles, an MBA from Harvard Business School, and a doctorate in higher education management from the University of Pennsylvania.

Source: https://www.jbhe.com/2018/04/linda-oubre-selected-as-the-fifteenth-president-of-whittier-college-in-california/

Brian Benjamin: Building and Doing Business in Black Communities for the Benefit of Black People

Brian Benjamin- GenesisOne can help a community one is familiar with in order to make things beneficial for that community. The beauty of giving back is knowing who you are giving back to, the purpose you’re giving back and the satisfaction of realizing that the community grows based on the contribution you are making. Brian Benjamin knows this firsthand and it’s the crux of his real estate development firm, Genesis Companies.

BlackEnterprise.com was able to talk to Benjamin regarding the basis of the reason Genesis Companies has been in existence for over 10 years and growing stronger as more projects land on his plate.

BlackEnterprise:com: You are a partner in Genesis Companies could you explain to us what that is and your role in the company?

Brian Benjamin: Genesis Companies is a black-owned real estate development and construction company focused on enhancing urban communities through the development of high quality affordable and mixed-income residences in New York and New Jersey. My job is to find new development opportunities and help steer them through the predevelopment process.  I also work to ensure that we have community support for our projects and that they benefit communities and improve neighborhoods.

How did you get your start in your current business?

Karim Hutson founded the company in 2004, and he was actually the first person I met on a Harvard Business School recruitment weekend when we were prospective students. He became a very good friend and so I was around Genesis since inception until I joined officially in 2010.

What gets you up in the morning to run your business?

Knowing that I am playing a role in creating quality affordable housing for residents is a great feeling. In many urban centers, like my community of Harlem, there is a lack of low-income and middle-income living opportunities, so doing something about it is challenging and rewarding.

How important, if it is important, is it to have a Black company doing business in Black communities for the benefit of Black people?

It is quite important.  We primarily partner with nonprofits and churches, where trust is essential. They are giving us the power to build or renovate housing for their constituents so when they see us and communicate with us and understand that we are just like them, it puts them at ease.  Furthermore, having grown up in primarily African-American communities, we understand first-hand some of the issues that our communities face due to poor quality housing, such as asthma or lack of security, and so we are very focused creating healthy and safe living environments. We know the experience of our residents, and I believe that makes us better developers.

I know this is your 10-year anniversary of Genesis, what was/is the most important thing your company has done that you are most proud of or is a high point in your 10 years?

First and foremost is surviving for 10 years through difficult economic times. It is hard work starting and growing a business in the development space. As a result, we are able to employ people and feed families, which will only grow over time.  Additionally, we provided community space, at below-market rent, on the ground floor of one of our residential buildings in Harlem for a Dream Center to help underserved children and families.  I recently did a site visit of the center, which is operated by First Corinthian Baptist Church, to view its progress and I was blown away by what the church is doing with the space.  The amount of young people, who are impacted on a daily basis, as a result of the work we do is very gratifying. Continue reading “Brian Benjamin: Building and Doing Business in Black Communities for the Benefit of Black People”

Apple Acquires HopStop From Nigerian Entrepreneur Chinedu Echeruo

Chinedu EcheruoIn a bid to shore up its mobile and Web mapping infrastructure, Apple has confirmed a purchase of Nigerian entrepreneur Chinedu Echeruo‘s (pictured) HopStop.com application. With Google buying the Israel-based Waze map application for a reported $1.1 billion, it has been rumored that HopStop’s acquisition was worth a similar amount. But thus far, Apple has not revealed the terms of the deal.

As reported by the Wall Street Journal’s “All Things Digital” blog, HopStop empowers Apple’s map program by providing access to a portion of the mapping landscape it had yet to cover: mass transit directions. The move has been seen by many analysts as the tech-giant’s largest push to compete with the industry-leading Google Maps service. In fact, Google has been providing map data to Apple since 2007.

As an entrepreneur, Echeruo has founded both HopStop and Tripology, after stints working as an analyst for J.P. Morgan Chase. Echeruo also made his mark in the hedge fund world, working for AM Investment Partners for a time. Echeruo grew up in Eastern Nigeria and was a student at Kings College in Lagos. He later came to the States to attend Syracuse University and Harvard Business School before founding his businesses.

Continue reading “Apple Acquires HopStop From Nigerian Entrepreneur Chinedu Echeruo”