Turnaround Management Conference:
Leading Corporate Renewal
April 25, 2007
Stevens “Steve” Miller
Stevens “Steve” Miller
Stevens “Steve” Miller, 65, became executive chairman
on January 1, 2007. He was previously chairman and chief executive
officer of Delphi Corporation. He also serves as chair of
the Delphi Strategy Board, the company’s top policy-making
group, and Delphi’s Board of Directors.
to joining Delphi, Miller was the non-executive chairman of
Federal-Mogul, and also serves as a director of two other
diverse public companies: Symantec and United Airlines. He
previously served on the board of Reynolds American and Waste
Management, Inc. Currently, he serves as a board member of
the Economic Alliance of Michigan.
began his career in 1968 at Ford Motor Company, and worked
for 11 years in a variety of assignments in the United States,
Mexico, Australia and Venezuela. In 1979, he joined Chrysler
Corporation at the request of then-chairman Lee Iacocca and
was the architect of the Loan Guarantee Act that included
negotiations with 400 lenders and the U.S. government to secure
the bailout of the troubled automaker. He remained at Chrysler
for more than a decade, eventually serving as chief financial
officer and vice chairman responsible for all staff activities,
international automotive operations, and non-automotive operations
such as Gulfstream Aerospace.
left Chrysler in 1992 and became a partner in an investment
banking firm, advising Olympia & York, a privately held
real estate firm, as it restructured more than $20 billion
in debt. In 1993, he embarked on a career as a professional
corporate director. In the past decade, he has returned to
the private sector nine times to serve as a full-time executive
in order to guide the recovery of several companies. These
is a native of Portland, Ore., where his family owned a timber
and lumber business. He earned a degree in economics from
Stanford University in 1963, and a law degree from Harvard
Law School in 1966. In 1968, he received an MBA degree in
finance from Stanford Business School.
Chairman, Morrison Knudsen, an engineering and construction
1996: Acting CEO, Federal-Mogul, an automotive parts maker.
1997: Chairman and CEO, Waste Management, an environmental
1999: CEO, Waste Management.
1999: President, Reliance Group Holdings, a property and
2000: Office of the CEO, Aetna, an insurance services firm.
2000: Interim CEO, Federal-Mogul.
2001: Chairman and CEO, Bethlehem Steel.
2003: Non-executive Chairman, Federal-Mogul.
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Diane is one of the most sought-after economists in the world. She is called upon by
policymakers and business leaders from Washington to Tokyo. Diane joined Mesirow
Financial in 2004 after 19 years with Bank One Corporation and its predecessors. She
started her career with the First Chicago Corporation in 1985 and quickly moved up the
ranks, proving herself as a regional economist with her forecast for a renaissance in the
Industrial Midwest just one year later. During her tenure with First Chicago, Diane
published several nationally acclaimed studies as well as her first book: The Passionate
Economist: Finding the Power and Humanity Behind the Numbers.
Diane sits on several advisory committees to the Federal Reserve Board, its regional banks
and the Council of Economic Advisers for the White House. Most recently, she was
appointed to serve on the Congressional Budget Office’s panel of economic advisers. As one
of the most quoted economists in the financial press, Diane is seen regularly on national
and international television and her commentary can be read in top financial news
publications throughout the world. In addition, she serves as a Clinical Professor for
DePaul University 's highly rated evening MBA program.
Diane is a past board member for the National Association for Business Economics (NABE)
and the Finance Committee for the Executive Club of Chicago as well as a past member of
the Board of Trustees for the Illinois Council on Economic Education. She is a past
president of NABE, a title that former Federal Reserve Chairman Alan Greenspan and
several other Federal Reserve presidents have also shared. Diane was the youngest to serve as
president in the association's history and continues to dedicate much of her time to
improving the quality and timeliness of economic data, a critical aspect of policymaking.
She was named "Fellow" of NABE for her outstanding contributions to the field of business
Diane earned her bachelor's and master's degrees in economics with top honors from the
University of Michigan as well as a master's degree in finance and strategic planning with
top honors from the University of Chicago.
Diane’s monthly newsletter, Themes on the Economy, is available online at
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Chairman, President and CEO,
F. Tilton is chairman, president and chief executive officer
of UAL Corporation and United Airlines, its principal subsidiary
company. He is based at the company’s worldwide headquarters
in suburban Chicago.
United Express® and Ted® operate about 3,400 daily
scheduled flights on a route network that spans the globe
and employs approximately 55,000 men and women.
to joining United in September 2002, he was vice chairman
of the board of directors of ChevronTexaco, as well as interim
chairman of Dynegy Inc. Previously, he served as chairman
of the board and chief executive officer of Texaco Inc., a
position he assumed in February 2001.
58, joined Texaco Inc. in 1970 and served in various marketing,
corporate planning and European downstream assignments of
increasing responsibility. In 1989, while serving as president
of U.S. refining and marketing, he was appointed vice president
of Texaco Inc. He became chairman of Texaco Ltd. in 1991 and
president of Texaco Europe in 1992. In January 1995, he was
appointed president of Texaco USA and, later that year, a
senior vice president of Texaco Inc. In January 1997, he became
president of Texaco's Global Business Unit.
serves on the board of directors of TXU Corp., a Dallas-based
energy company that manages a portfolio of competitive and
regulated energy businesses in North America, primarily in
Texas, and Lincoln Financial Group, a premier provider of
investment products, comprehensive financial planning, and
investment and advisory services. Tilton also serves on the
board of directors of the Air Transport Association and is
a member of the U.S. Travel & Tourism Advisory Board.
He serves on the board of trustees for the Field Museum and
the Museum of Science and Industry, and the board of directors
for After School Matters in Chicago.
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