2003 Alumni Achievement Award Luncheon

Lubin Lauds Michael P. Cangemi, '70, Head of Etienne Aigner
  [Michael P. Cangemi]
"This is a dream come true for me," said Michael P. Cangemi,'70, the recipient of the Lubin Alumni Achievement Award—the most prestigious award the Lubin School presents in recognition of professional accomplishments and service to Pace University and the School. Addressing over 300 fellow alumni, colleagues, Lubin faculty, staff, students, and family gathered at a luncheon in his honor, Cangemi went on to explain, "I had dreams as I walked these canyons of Wall Street as a kid working at Merrill Lynch and [later] working there and going to school at Pace University. I was an impressionable young man from a very happy middle class family from Brooklyn, New York." He recalled how excited his family was when he announced he was going to receive his education at Pace. "I realized at that moment, looking at their happy faces, that they came to America with their dreams and, today, if they were to see what has happened to me, their dreams were coming true."

The 11th Annual Alumni Achievement luncheon was held at JP Morgan Chase's Executive Dining Room in downtown New York City, donated each year by the event's title sponsor, JP Morgan Chase.

President, CEO and director of the Etienne Aigner Group, Inc., a leading designer of women's footwear and accessories, Cangemi is also coauthor of the popular auditing guidebook, Managing the Audit Function, a Corporate Audit Department Procedures Guide. He began his career at Merrill Lynch, while simultaneously pursuing his B.B.A. in accounting at the Lubin School. After completing his degree, he began working at Ernst & Young, LLP, as a principal, then became a corporate vice president at Phelps Dodge Corporation, and later a partner at BDO Seidman. Possessing a wealth of business knowledge and experience, Cangemi joined Etienne Aigner as a senior vice president and progressed to executive vice president and finance director of the UK parent company before assuming his current position.

A Certified Public Accountant and a Certified Information Systems Auditor, Cangemi is a member of the Fashion Accessories Advisory Board, AICPA, NYSSCPA, the Financial Executives Institute, the Institute of Internal Auditors, and serves as the director of the National Fashion Accessories Association. A trustee of the Institute of Internal Auditors Research Foundation, Cangemi is a lifetime honorary member of the Information Systems Audit Control Association, as well as the Information Systems Audit Control Foundation, and the 10th recipient of the Joseph J. Wasserman Award for outstanding achievement in the field of information systems and control. As if all this were not enough, Cangemi has written business articles that have been published in numerous journals and serves as editor in chief of the I S CONTROL Journal.

"The Lubin School of Business is indeed proud of your professional success, but we are especially grateful for your commitment to the University," said Dean Arthur L. Centonze in introducing the awardee. "Your impressive career and dedication to Pace are an inspiration to us all. You are a remarkable role model: balanced, determined, and committed to excellence and service. Our goal at Pace University has been to educate our students to lead successful lives, you have accomplished this objective." Pace President David A. Caputo greeted the guests and also praised the honoree for his exceptional contributions to the accounting profession.

Honoring Recent Alumni and Scholarship Awardees
The 7th annual Recent Alumni Service Award, recognizing the significant accomplishments and contributions of the School's recent graduates, their outstanding professional leadership and service to the University, the School, and the community, was presented to Kelvin Joseph, '01, CPA, senior auditor at Ernst and Young, LLP, and the vice president of the National Association of Black Accountants (NABA), New York Chapter. A passionate and dedicated person, Joseph is the recipient of a number of awards such as 2001 Pace University Trustees' Award, NABA's Student of the Year Award, City Intern of the Year Award, and the AICPA Scholar Award. He also has found time to establish a mentoring organization to help highly motivated students and professionals exceed their goals and reach their full potentials and, together with his wife, he recently launched "Samantha," a retail and apparel company that specializes in footwear.

Erica Caplan, an MBA student majoring in Organizational Behavior, received the annual scholarship award as the student demonstrating outstanding academic achievement, leadership potential, and financial need. A member of Sigma Iota Epsilon Honor Society, cofounder and current president of the Lubin Graduate Society, Caplan has represented the Graduate Society at a number of orientation fairs. She has also represented Pace at Crain's Business' Breakfast. Holding a B.B.A. in Psychology from Lafayette College, Caplan served at KPMG as a global mobility coordinator where for two years she managed and implemented international assignments for over 70 KPMG U.S. partners and employees. In addition, she has devoted her energies to volunteer work with local underprivileged children, counseled fellow students experiencing social and academic problems, and participated in organizing a camp to teach English to underprivileged teens in Israel.

Fundraising Success
John E. Boyd, '76, president and CEO of EUR Systems and chair of the 2002-2003 Steering Committee, pointed out that over $219,000 was raised for students' scholarships, which set a new record. "This could never be achieved without the generosity, commitment, and contribution of all of you here, in addition to the organizations that you represent," he said and touted the event's major sponsors, which included American International Group, Inc.; Etienne Aigner Group, Inc.; the Chubb Corporation; Deloitte & Touche, LLP; Ernst and Young, LLP; KPMG, LLP; Ingersoll Rand Company; Information Systems Audit and Control Association; the IT Governance Institute; MIM Corporation; Morgan Lewis and Bockius, LLP; and Verizon Communications.

Boyd also recognized vice chairs of the Steering Committee (Philip F. Bleser '81, '84, and '94; Susan Caldwell; and Maria Fiorini Ramirez,'72), as well as many of the past honorees of the Alumni Achievement Award (Mark M. Besca, '81; John A. Gerson, '69; Bridget-Anne Hampden, '79; Edward F. Murphy, '74; James E. Healy, '64; Jack L. Salzman, '68; and Maria Fiorini Ramirez, '72).

Other distinguished members of the Lubin advisory board and trustees of the University present at the luncheon included Marie J. Toulantis, '81; Thomas B. Hogan, Jr.; Herbert Henkel, '79; Michael Monteleone, '79; Louis F. Laucirica, '66 and '71; Michael O'Reilly, '71; and Ian McDougall, '54.