of Virginia Provost John Simon confirmed the appointments of six U.Va. Darden
School of Business faculty members to research chairs. The University of
Virginia Board of Visitors also appointed one of the six, Frank Warnock, to
professor of business administration.
The appointments went to the
Saras Sarasvathy was
re-appointed to the Isadore Horween Research Chair, which was established in
1990 and funded by the late Ralph Horween and his son, Frederick Stow (MBA '58).
The chair supports research in the area of launching and managing small
businesses and honors Horween's father, who founded Horween Leather Company in
1905. Ralph Horween was a former National Football League player and attorney.
Stow is president of the Houston-based Sheringham Corporation. The gift was made
in memory of Horween's wife and Frederick Stow's mother, Genevieve Brown
Horween, who died in 1988.
Sarasvathy teaches the electives
"Entrepreneurial Thinking" and "Starting New Ventures." She is a prolific
researcher who has published two books and over 30 peer-reviewed academic papers
in such prestigious journals as TheJournal of Business
Venturing, the Journal of Marketing, Entrepreneurship Theory
and Practice, and the Academy of Management Review. Her
innovative, award-winning work on the concept of effectuation has received global acclaim.
Tom Steenburgh was
appointed to the John L. Colley Research Chair, which was made possible by an
anonymous donor and other generous benefactors. It was created in honor of
faculty member John L. Colley Jr. to recognize his many contributions to the
School and to attract a scholar in the field of business leadership to Darden's
faculty. Colley teaches in both the MBA and Executive Education programs at
Darden and has been a member of the Darden faculty since 1967. This research
professorship was called the Alumni Research Professorship in Business
Administration until 2006.
Steenburgh's academic research addresses
managerial issues in professional selling and sales force management among other
areas. He recently published an article in the Harvard Business
Review titled, "Motivating Salespeople: What Really Works," summarizing his
work in sales force compensation. Steenburgh also is the author of numerous case
studies that are taught in leading business schools around the world.
Greg Fairchild was
appointed to the E. Thayer Bigelow Research Chair, which was funded by E. Thayer
Bigelow Jr. (MBA '67). Bigelow also provided funds to support Phase II
construction of the Darden Grounds, the Bigelow Research Fellowship and the
Batten Entrepreneurial Leadership Fund, among other areas. He served as the
Darden Campaign chair and was a member of the Darden School Foundation Board of
Trustees and chair of the Darden Alumni Council Executive Committee. The former
president and chief executive officer of Time Warner Cable Programming Inc. and
president of Home Box Office, Bigelow is managing general partner with Bigelow
Fairchild was recently the lead investigator studying business
models and public policy issues in the field of community development finance,
an initiative supported by a three-year $850,000 grant from the John D. and
Catherine T. MacArthur Foundation. In 2011, he was the only academic named as
one of "25 Virginians to watch" by Virginia Business Magazine.
Marc Lipson was
appointed to the Robert F. Vandell Research Chair, which was
established in memory of Professor Vandell. The Vandell Family, the Darden
School Foundation Trustees, alumni and friends created the Robert F. Vandell
Research Professorship to support research in finance. This professorship
furthers Vandell's interest in applying financial theory to the marketplace. He
was a member of the Darden faculty from 1965 to 1981 and was elected to the
Charles C. Abbott Professorship in 1976.
Lipson's principal area of
research is market microstructure - the study of how market design and
organization affects price formation and liquidity. His work has been widely
published, including articles in TheReview of Financial
Studies, the Journal of Finance, and the Journal of Financial
Venkatesanwas reappointed to the Bank of America
Chair, which was funded by a gift from Bank of America (formerly NationsBank).
In addition to financing this chair in the Darden School of Business, the same
gift created an endowed scholarship and a professorship in the McIntire School
of Commerce. The gift was awarded under the leadership of Randolph W. McElroy
(CA&S '57), a former president of NationsBank Virginia. It is the largest
among many gifts from NationsBank to the University. McElroy retired in December
Venkatesan's research focuses on developing customer-centric
marketing strategies that provide measurable financial results. His research
awards include the Don Lehmann Award for the best dissertation-based article
published in the Journal of Marketing and Journal of Marketing
Frank Warnock was
reappointed to the Paul Hammaker Professorship,
which was funded by Landmark Communications, Walter R.
Witschey (MBA '65), an anonymous donor and the Darden School sponsors. The
professorship honors Paul M. Hammaker, who served on Darden's faculty from 1962
to 1973, and is a lasting expression of the respect and gratitude accorded him
by his students. On his retirement, Hammaker was named senior fellow of Darden's
Olsson Center for Applied Ethics.
Warnock is an expert on international
capital flows, international portfolio allocation and financial sector
development. His publications have appeared in a number of journals including
TheQuarterly Journal of Economics, TheReview of
Financial Studies and the Journal of Accounting Research. Warnock
is also a research associate at the National Bureau of Economic Research in
Cambridge and a senior fellow at the Globalization and Monetary Policy Institute
at the Federal Reserve Bank of Dallas.
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