1979

The following announcements of professional success and asset accumulation couldn't have been better timed. Ed Baldridge and cronies are leading the reunion fundraising effort, and all promotions have been duly noted.

John Gilbertson has joined Smith Barney in Chicago as a managing director and head of the firm's Midwest investment-banking business. Formerly a vice president in the Chicago office of Goldman, Sachs, John will be establishing a local investment-banking presence for Smith Barney.

The American Bank reported in December that John Hoeven has taken charge of the Bismarck Bank of North Dakota, the country's only state-owned bank. As the new CEO, John has been charged with returning the bank to its original mission: economic development. Having incurred substantial losses in the mid-eighties, the bank turned to John to refocus the institution. Today, boasting $900 million in assets and robust profits, the bank has become North Dakota's predominant economic-development bank. It promotes private agricultural and business development and participates in loans with other banks or economic-development groups, including the Small Business Administration. Before joining the Bank of North Dakota, John was executive vice president and chief executive officer of First Western Bank and T rust in Minot. John received an M.B.A. from Northwestern and in 1994 was named the Dakota Small Business Financial Advocate of the Year.

Carthage College has named Doug Arion the Hedberg Distinguished Professor for Entrepreneurial Studies in the Sciences. The entrepreneurial program is designed to train science students in the business aspects of technology-based industries, and the professorship was created in 1994. Before assuming his position at Carthage, Doug was assistant vice president and manager of the appliedphysics and engineering division of Science Applications International Corp. in New Mexico. A member of the American Physical Society and the American Association for the Advancement of Science, Doug holds a patent on blast-balanced emission of radiation cage, an optical, non-intensive detector for shock environments. A prolific writer, Doug has published numerous articles in journals such as Applied Physics and the Review of Scientific Instruments.

And finally, Tim Taussig has been promoted to managing director of BEA Associates.

108 St. Dunstan's Rd., Baltimore, MD 21212

'79's June 16—18