seal  Purdue News

July 11, 2003

Trustees honor 3 profs, approve degrees, program name change

WEST LAFAYETTE, Ind. - The Purdue University Board of Trustees today (Friday, 7/11) approved three distinguished professorships, three new degrees and a department name change.

David Denis

David Denis, professor of finance, was named to the Burton D. Morgan Chair of Private Enterprise. Mileta Tomovic, professor of mechanical engineering technology, was named the W.C. Furnas Professor in Enterprise Excellence. Thomas Hertel, professor of agricultural economics, was named Distinguished Professor of Agricultural Economics.

"These three scholars are excellent representatives of Purdue's high caliber of researchers and teachers," said Provost Sally Mason. "Indiana industry has benefited from Professor Tomovic's involvement for almost 10 years, and Professor Denis has been rated in the top 10 globally for research productivity as a finance scholar. Professor

Hertel directs the Global Trade Analysis Project, which he founded two years ago, to evaluate the effects of trade and other global patterns."

Denis' research and teaching interests are in corporate finance, specializing in the areas of corporate governance and capital acquisition. He is the author of 30 publications and technical papers on corporate finance.

He is a university faculty scholar and has received two best paper awards from the Financial Management Association. Since 2001 he has been co-editor of the Journal of Corporate Finance. He also is associate editor for Journal of

Finance, Financial Review, Journal of Applied Finance and Journal of Financial Research.

Prior to coming to Purdue in 1995, Denis worked at the Virginia Polytechnic Institute and State University and University of Toledo.

Denis received his doctorate of finance in 1988 and his MBA in 1984 from the University of Michigan. In 1982 he earned his bachelor's degree in finance and managerial statistics from Syracuse University.

Mileta Tomovic

Tomovic, an expert in metalcasting design optimization, is recognized internationally as a leader in mechanical engineering technology education. He is one of 30 Foundry Education Foundation Key professors in the United States.

Tomovic has published one textbook on materials and manufacturing processes and has written more than 50 publications. He also has more than four patents. Tomovic has assisted more than 60 Indiana companies through the Technical Assistance Program in problems related to automation, manufacturing, and product and process design.

In 1991 Tomovic earned his doctorate in mechanical engineering from the University of Michigan at Ann Arbor. He received his master's degree from the Massachusetts Institute of Technology and his bachelor's degree from the University of Belgrade, Yugoslavia, in 1981 and 1979, respectively.

Thomas Hertel

Hertel, an expert in the economywide analysis of trade policies, has served as a consultant for the World Bank, the European Commission, the government of Japan, the Ford Foundation and the Australian Productivity Commission.

In 1995 Hertel was named the outstanding researcher in the Purdue School of Agriculture. He has published two books and written more than 100 professional papers and book chapters. His research grants have totaled more than $4.6 million.

He earned his bachelor's degree in economics from the University of North Carolina at Chapel Hill in 1976 and his master's degree in public and international affairs from Princeton University in 1978. In 1983 he earned his doctorate in agricultural and resource economics from Cornell University.

The late Burton Morgan, for whom the private enterprise professorship was named, received his Purdue degree in mechanical engineering in 1938 and an honorary doctorate in management in 1992. Morgan started 50 companies, six of which have become major corporations, including Morgan Adhesives, one of the world's largest makers of pressure-sensitive adhesives. He established an endowment for the Krannert School of Management, now valued at more than $4.1 million. The Center for Entrepreneurship will be built in his name at Purdue's new Discovery Park.

William Carl Furnas, for whom the enterprise professorship was named, founded Furnas Electric Co. in 1932. Richard W. and Joanne B. Hansen and the Furnas Foundation established the W.C. Furnas professorship in 1995 in memory of W.C. Furnas, who earned his bachelor's degree in electrical engineering in 1908.

These designations bring the number of distinguished professors to 32 and named to 58.

In other business, the board changed the name of the 4-H Youth Department to Youth Development and Agricultural Education. More than 300,000 Indiana youth participate in 4-H hands-on education programs overseen by Purdue University.

The board also approved two bachelor's degrees - computer engineering and computer engineering technology - at Indiana University-Purdue University Fort Wayne, as well as a new bachelor's degree in biomedical engineering at Indiana University-Purdue University Indianapolis.

Writer: Amy Patterson-Neubert, (765) 494-9723,

Sources: Sally Mason, (765) 494-9709,

David Denis, (765) 494-4434,

Thomas Hertel, (765) 494-4199,

Mileta Tomovic, (765) 494-5866,

Rich Schneider, director of media relations at Indiana University-Purdue University Indianapolis, (317) 278-4564,

Irene Walters, director of media relations at Indiana University-Purdue University Fort Wayne, (260) 481-6104,

Purdue News Service: (765) 494-2096;


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