Mitchell heads Arrow

MELVILLE, N.Y.--William E. Mitchell '66 has been named president and chief executive officer (CEO) of Arrow Electronics Inc., and was appointed to the company's board of directors.

Mr. Mitchell was previously chairman, president, and CEO of Sequel Inc., a privately held company he joined in 1995. Within four years he converted Sequel's core business from a provider of disk drive repair and maintenance to a computer services outsourcing company.

In 1999 Mr. Mitchell joined Solectron Corp. and formed Solectron Global Services Inc., a services outsourcing enterprise. Solectron subsequently acquired Sequel Inc., and Mr. Mitchell served as executive vice president of Solectron Corp. and president of Solectron Global Services Inc.

During his three years with Solectron he built the company's Global Services division into a profitable $1.2-billion business, with more than 40 sites and 17,000 employees worldwide.

Mr. Mitchell holds a B.S.E. in basic engineering from Princeton and a master's of science degree from the University of Michigan, where he was named a National Science Foundation Fellow.

C-COR taps Carnes

STATE COLLEGE, Pa.--James E. Carnes *70 was elected to the board of directors of C-COR.net Corp. Dr. Carnes, who recently retired as president and CEO of the Sarnoff Corp., is a recognized researcher in advanced television electronics and an authority in the field of charge-coupled devices with 33 years combined service at Sarnoff and RCA Corp. He holds nine U.S. patents and is the author of more than 100 papers and presentations.

Dr. Carnes holds a Ph.D. in electrical engineering from Princeton and is a fellow of the Institute of Electrical and Electronics Engineers and a member of the National Academy of Engineering.

Kelsey joins board

WATSONVILLE, Calif.--David H. Kelsey '73 has been named to the board of directors for Granite Construction Inc. Mr. Kelsey is vice president and chief financial officer (CFO) for Sealed Air Corp.

From 1998 to 2001, he served as vice president and CFO for Oglebay Norton Co., a processor of specialty industrial minerals. From 1994 to 1998, he served as executive vice president and chief financial officer for Host Communications Inc.

Mr. Kelsey earned his B.S.E. in civil and geological engineering and holds a master's of business administration from the Harvard Graduate School of Business.

Raritan appoints COO

SOMERSET, N.J.--Thomas M. Swift '76 has been named to the newly created position of chief operating officer at Raritan Computer Inc. Mr. Swift assumes day-to-day operational responsibilities and management of Raritan and its more than 250 employees.

Previously, Mr. Swift was vice president of Lucent's Worldwide Services unit. During his 16 years at AT&T, he held positions in its services, software, transmission, and computer business units.

He has a B.S.E. in mechanical and aerospace engineering from Princeton and two master's degrees--an M.S. in applied mechanics from Stanford and an M.B.A. from the University of Michigan.

McGee promoted

NEW YORK--Hugh "Skip" E. McGee '81 has been named global head of investment banking at Lehman Brothers, where he is responsible for the division's global industry, product, and geographic groups, which provide strategic advisory and capital raising services.

Previously, Mr. McGee was head of the firm's Global Natural Resources and Global Power Groups. Mr. McGee, a managing director, joined Lehman Brothers in 1992 and has been active in investment banking for more than 15 years.

He earned his B.S.E. in civil engineering from Princeton and his J.D. from the University of Texas School of Law.

Timmerman named VP

PALO ALTO, Calif.--Steve Timmerman '81 has joined Bermai Inc. as vice president of marketing and business development, where he will lead Bermai's global marketing and business development initiatives.

Before joining Bermai, Mr. Timmerman served as vice president of marketing for Proxim.

Mr. Timmerman has held key management positions at Proxim, Octel Communications (acquired by Lucent Technologies), and McKinsey.

He began his career as a principal engineer developing computer-based economic analysis programs for small power projects. He holds a bachelor's degree in mechanical and aerospace engineering, magna cum laude, from Princeton, and a master's degree in business administration from Harvard.

Batungbacal is CEO

Makati City, Philippines--Karen Batungbacal *83 has been named CEO responsible for global business at Source One Asia. Ms. Batungbacal will serve as the primary liaison between Source One's North American, European, Australian, and Philippine operations.

Ms. Batungbacal received the Diamond Award in Customer Service (telecom sector) in the 1999 TelePerformance Philippines Grand Prix Awards for Customer Service. She also won the Gold Award the previous year.

Ms. Batungbacal cofounded the Customer Service Association of the Philippines (CSAP), the first customer service trade association of that country. CSAP now operates under an umbrella organization, Contact Federation Philippines, where Ms. Batungbacal serves as president.

Ms. Batungbacal earned her undergraduate degree and master's degree both in chemical engineering from the University of Notre Dame and Princeton, respectively.

UMEZ taps Simmons

NEW YORK--James H. Simmons III '88 has been named interim president at Upper Manhattan Empowerment Zone (UMEZ). He will manage the day-to-day operations of the federally funded agency.

Previously, he was chief investment officer of UMEZ and was responsible for approximately $250 million of capital invested in emerging and start-up enterprises as well as major commercial developments. In addition, he oversaw the organization's overall strategy to encourage economic growth and empowerment across the entire Upper Manhattan community.

Prior to joining UMEZ, Mr. Simmons worked for three years as a fixed-income trader at Salomon Smith Barney. He holds a master's degree in engineering from Virginia Polytechnic Institute and State University and a bachelor's degree in electrical engineering from Princeton.

Velussi now associate

DALLAS--Luca Velussi '92 had been an associate of Hicks, Muse, Tate & Furst Inc. (HMTF), a Dallas-based private investment firm. Prior to joining HMTF in 2000, Mr. Velussi was employed by Goldman, Sachs, & Co. in London, where he served for three years in the advisory group and two years in the principal investments group. Mr. Velussi received his B.S.E. in electrical engineering from Princeton and his master's in finance from the HEC School of Management in Paris.

Wilson promoted

NEW YORK--Wade Wilson '92 has been appointed a senior associate at Trammell Crow Co.'s New York office. In his new position, Mr. Wilson will be responsible for institutional investment services and corporate leasing.

Prior to joining Trammell Crow, he served as director of the New York office of the United System Integrators Corp. Mr. Wilson holds a B.S.E. in electrical engineering from Princeton.

New partner named

RESTON, Va.--Thanasis Delistathis '93 has been named a partner at Draper Atlantic, an early-stage information technology venture capital firm. Mr. Delistathis joined the firm in May 2000 as a principal investor.

Mr. Delistathis is experienced in building early-stage technology companies. He led investment banking for Thermo Electron Corp., a global technology company serving the life sciences, optical technologies, and measurement and control markets. Mr. Delistathis has also worked for McKinsey & Co. in Washington, D.C., as a management consultant.

He currently serves on the boards of InphoMatch, SynapseSoft, V3 Systems, and AppForge and also works with DivXNetworks and aTelo. He holds an M.B.A. from the Harvard Business School and a B.S.E. magna cum laude in electrical engineering and a B.A. in public policy, both from Princeton.