Alumnus Establishes Chair for the Dean of Business
Jim Bodenstedt, ’96 was just a teen when he discovered his love of business. Now, as president and CEO of MUY!, he decided to give back to the school that honed his skills and helped make him successful. With a gift of $500,000 matched by H-E-B, he created the $1 million Bodenstedt Chair for the Dean of Business.
“I wanted to give back in perpetuity to the business school where I graduated, and I wanted to help Dean Gerry Sanders grow programs to better develop the College of Business,” he said.
Bodenstedt founded MUY! in 2003 with 18 existing Taco Bell and KFC restaurants in West Texas and Corpus Christi. The firm now operates 270 Pizza Huts, Taco Bells and Wendy’s throughout Texas and the northeastern U.S.
Bodenstedt has consistently supported the university. In 2010, he donated $1 million to fund football scholarships, the first private donation of that size to the athletics department. He later became UTSA’s capital campaign chairman, helping lead the task to raise $175 million by 2015.
“As many have done, I think it’s important for businesses to continue to support UTSA,” Bodenstedt said. “In my case, it was important for me to give back to the College of Business, where my accounting degree was earned.”
Business Icon Shares Insights with Students
Twenty business students learned the nuances of the corporate world from Roger Hemminghaus, the former CEO and chairman of Ultramar Diamond Shamrock, during a networking dinner hosted by the college’s Center for Student Professional Development.
After introductions from the students, Hemminghaus shared his business philosophy and answered student questions.
“I learned how to be successful by watching my father,” said Hemminghaus, a member of the UTSA Development Board. “I shared those same characteristics with my son and now you. Learn the business you are in, never turn down a challenge, find mentors and have fun on the job.”
Wearing an orange and blue UTSA tie, Hemminghaus also presented his views on corporate governance from both his role as a former CEO and as a member of a corporate board. “The CEO sets the tone, develops the team and helps their team achieve success. As a board member you are responsible for the governance of the organization, but not the management of day-to-day operations.”
While Hemminghaus acknowledged that not everyone can be a CEO, he did share six traits that lead to leadership success. “Leaders need to be honest, predictable, inspirational, broadly focused, humble and decision makers,” he said.
Following a successful career in the oil and gas industry, Hemminghaus continues to serve on the boards of CTS Corporation, Tandy Brand Accessories and the Southwest Research Institute.
Hemminghaus concluded the event by encouraging students to sit down every year and write out their goals. Even today, he continues this exercise and posts them in his closet as a constant reminder.
“It is a pleasure to be around bright, hardworking and successful people in this stage of life,” said Hemminghaus, who recently established the Diamond Shamrock Legacy Endowed Scholarship in the college. The $35,000 endowment awards scholarships to business students annually. “Don’t undersell yourselves. There is a lot of talent around this table.”
Ernst & Young Leadership Suites Dedicated
The UTSA College of Business dedicated the Ernst & Young Leadership Suites in the Business Building during ceremonies last fall.
The suites were established to provide first-class interview and professional development space for business students and employers.
More than $500,000 was raised to support the build out of the suites, student professional development programs and scholarship assistance in support of this endeavor. Ernst & Young was the lead sponsor.
“We are so pleased to sponsor these Leadership Suites as part of our ongoing support of UTSA,” said Lisa Friel, Ernst & Young’s San Antonio managing partner. “This dedicated space will promote collaboration among students and business leaders and gives each group an opportunity to learn from the other.”
The 1,200-square-foot Ernst & Young Leadership Suites, located on the ground floor of the Business Building, feature six multipurpose breakout rooms. The suites are utilized during the day for on-campus recruitment interviews.
During the evening and weekend hours, Executive MBA students convene for academic classes and group study via keypad access, allowing students to work around their schedules.
“What began as an idea more than a year ago to carve out much needed professional development space for our students is now a reality,” said Senior Associate Dean Daniel Hollas. “A reality that was made possible due to the generous support of our title sponsor Ernst & Young and all of the benefactors of this project.”
Mentoring Program Established by Retired AT&T Executive
The UTSA College of Business has launched a new mentoring program as part of an academic class offered by the Department of Management. The class, taught by Richard Sibbernsen, a retired senior vice president of human resources for AT&T, featured 13 juniors and seniors.
“UTSA provides a good toolkit of management skills for our students,” said Sibbernsen. “But this class puts those skills to practice. Mentoring relationships offer great learning situations to deepen and broaden understanding from senior leaders.”
Consisting of a blend of lectures, peer learning and problem solving, the class met over the course of five Saturdays. Students were introduced to their mentors during the first class session and then were required to meet with their mentors weekly for the duration of the three-month class. The class concluded with a final visit with the mentors.
“This program was intellectually stimulating for me as a mentor,” said Jeff Farver, retired CEO at San Antonio Federal Credit Union. “Your role as a mentor is to take material taught in academic principles and relate to the practical side of business. I truly believe this is a very valuable program.”
Inaugural mentors were Caren Albarian, consultant; Cody Benavides, Rackspace; Joe Bray, BBVA Compass; Bethany Eggleston, Harte-Hanks; Jeff Farver, retired SACU; Kevin Healy, Aerotek; Grant Herbon, Rackspace; Mark Holkey, Boeing; Bruce Howard, Fisher, Kemble & Herbst; Pat Sculley, retired military; Alan Utley, StandardAero; and Jonathan Villarreal, SACU.
Professorship Memorializes San Antonio Entrepreneur
A $500,000 distinguished professorship has been established in entrepreneurship in the UTSA College of Business in memory of Melvin Lachman, a San Antonio businessman and entrepreneur. Lachman, who passed away in 2005, was known not only as a successful businessman, but also as someone who helped others build businesses as well.
“Melvin was a character,” said Judy Lachman, his widow. “After the war, he didn’t know what he wanted to do, but he wanted to be successful. He never knew a stranger. People would gravitate to him.”
A San Antonio native, Lachman was a graduate of Jefferson High School and The University of Texas at Austin. He served in the Army during World War II, and when he returned he began his career as an entrepreneur. He initially invested $3,000 and went into business selling pots and pans. Then, he shifted gears and became one of the largest toy distributors in the Southwest. Selling that business in the 1970s, he entered into a new partnership with San Antonio real estate entrepreneur Quincy Lee.
“The magic to Melvin was that he was totally unorthodox,” said Steven Lee, son of Quincy Lee. “When my father first introduced me to Melvin, he was wearing red, yellow and green checkered slacks and an Oak Hills golf cap. Melvin was a natural born salesperson. He taught me all that I know about selling.”
“Business is not technical, it is personable,” said Zach Lee, grandson of Quincy Lee. “The value he added through relationships was something that could not be tracked in a spreadsheet.”
William Flannery, chair of the Department of Entrepreneurship and Technology Management, has been named the inaugural holder of the Melvin Lachman Distinguished Professorship in Entrepreneurship. Flannery, who has been a faculty member at UTSA since 1975, is the co-founder of the college’s Management of Technology program.
“I am honored to be the inaugural recipient of this professorship,” said Flannery. “I plan to utilize these resources to build the college’s entrepreneurship program and encourage the development of student entrepreneurs.”