UNC Kenan-Flagler Business School
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2004 UNC Kenan-Flagler Alumni Awards

Alumni Awards 2004
From left to right: John G. Medlin, Sanford A. Cockrell III, Brent Callinicos, Phail Wynn, Jr., Richard J. Rendleman, Kayrn Withers, Dean Steve Jones
Not pictured: Van L. Weatherspoon, Charles S. Ackerman

UNC's Kenan-Flagler Business School recognized the achievements of eight distinguished alumni with its sixth annual Alumni Association Awards on November 5, 2004 in Chapel Hill.

"As we strive to instill in our students the core values of excellence, leadership, integrity, community and teamwork, we hold up these eight role models who have successfully mastered them all," said Dean Steve Jones. "They are examples for the alumni who will follow."

The 2004 honorees include:

  • Van L. Weatherspoon (BSBA '54), the Business School Leadership Award.
  • John G. Medlin Jr. (BSBA '56), the Global Leadership Award.
  • Kayrn A. Withers (BSBA '96), the Outstanding Young Alumni Award.

Five distinguished alumni received Alumni Merit Awards:

  • Sanford A. Cockrell III (BSBA '82), the MAC Alumni Merit Award.
  • Phail Wynn Jr. (EMBA '89), the EMBA Alumni Merit Award.
  • Brent Callinicos (BSBA '87, MBA '89), the MBA Alumni Merit Award.
  • Charles S. Ackerman (BSBA '55), the BSBA Alumni Merit Award.
  • Richard J. Rendleman (PhD '76), the PhD Alumni Merit Award.
Weatherspoon serves as president of The Weatherspoon Group Inc., a Charlotte-based commercial real estate brokerage and development firm.

Following his 1954 graduation, Weatherspoon served in the U.S. Navy. From 1956 to 1958, he worked in the Birmingham, Ala., offices of Procter & Gamble and then spent five years at WBTV television in Charlotte. In 1966, he became a partner in the real estate development firm of Masten, Faison and Weatherspoon. Along with his wife, Kay, Weatherspoon has been an active supporter of many programs of the university and the business school.

Medlin is chairman emeritus of Wachovia Corp. During his tenure at Wachovia, the bank's assets grew tenfold, net income bettered that mark and share price almost matched it.

Medlin was inducted into the North Carolina Business Hall of Fame in 1995. Financial World magazine selected him as the best bank CEO in the nation for 1993 and as the top bank CEO in the South for the 1980s. In 2002, he received American Banker's Lifetime Achievement Award.

Withers is director of program development for a human rights organization, International Justice Mission (IJM). IJM investigates abuse and oppression, and combats bonded labor, illegal land seizure, police misconduct and forced prostitution worldwide. Before joining IJM in 2002, she served as a program officer for International Relief and Development. Locally, Withers helped launch Girls on the Run.

Cockrell, a tax partner in the New York office of Deloitte, is vice chairman of the firm's U.S. board of directors and serves on the board of the firm's global organization. He is a lead partner of the firm's Special Acquisition Services (SAS) group, which is comprised of tax and accounting professionals located in New York, San Francisco, London and Frankfurt.

He has been active in various civic activities, including serving on the council and executive committee of the University Club and as the New York area representative and second vice chairman of UNC's General Alumni Association.

Wynn is president of Durham Technical Community College. He has enhanced accessibility of all educational opportunities offered by Durham Tech and has led the school in providing training and instruction in various high-technology areas.

Wynn received both a master's and doctorate from N.C. State. He was the first African-American community college president in the North Carolina system and currently serves on numerous community and professional boards.

Callinicos is corporate vice president of Microsoft's Worldwide Licensing and Pricing group. He oversees the development and support of Microsoft's licensing programs, product licensing and pricing policies.

Serving on state and national boards, he has won a number of awards, including Ernst & Young Global Risk Manager of the Year in 1998. He is a member of Washington Governor Gary Locke's Council of Economic Advisors.

Ackerman, founder and chair of a leading commercial real estate company, has left his mark on the Southeast with such projects as the Buckhead landmark of Tower Place in Atlanta and the Washingtonian Center in Gaithersburg, Md. Ackerman also is chairman of the board and founder of Ackerman Security Systems Inc., a residential and commercial security company.

He serves on numerous boards and also founded the Atlanta Real Estate Apprenticeship Program for African Americans.

Rendleman, a finance professor at UNC Kenan-Flagler, co-authored a paper that was the first to show that estimates of stock volatility could be implied from the prices of exchange-traded options.

During the early to mid-1980s, Rendleman, along with co-authors Henry Latané and Charles Jones, published four papers on stock price reactions to corporate earnings surprises. These papers laid the foundation for a new literature in finance and accounting now known as "post-earnings announcement drift" and also were quoted by the Wall Street Journal.

Rendleman also is an accomplished composer. The North Carolina Symphony and South Carolina Philharmonic Orchestra, as well other groups, have performed his works.

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