KPMG Executive Named Accounting Alumnus Of The Year

UNIVERSITY PARK, PA (April 16, 2008) – David M. Otteni, managing director of KPMG's Raleigh, N.C., office, has been named as the 2007-2008 Penn State Outstanding Accounting Alumnus of the Year by the Accounting Department at the Smeal College of Business.

Otteni will accept his award tonight at the Beta Alpha Psi Banquet, where he will also serve as the keynote speaker.

Otteni earned his bachelor's degree in accounting from Smeal in 1975 and did an internship with KPMG Raleigh in the spring of that year. He began full-time employment with KPMG Raleigh in August 1975.

Successive promotions followed through 1985 when in he was admitted to the partnership as an audit partner.  He was appointed as the Raleigh office managing partner in 1999, and continues in that capacity.

Otteni is responsible for the overall operation of the office and KPMG's community relations in Raleigh and the Research Triangle Park. He serves public and private clients in a variety of industries, and is experienced with initial and follow-on public offerings of debt and equity.

Otteni is KPMG's campus lead partner for Penn State and serves on Smeal's Accounting Advisory Board. He was also instrumental in endowing Smeal's KPMG Professorship in Accounting, currently held by Steven Huddart.

Otteni, a Certified Public Accountant in North Carolina and New York, is a member of the American Institute of Certified Public Accountants and the North Carolina Association of Certified Public Accountants.  He is also currently an active member of the College of Management Advisory Board at North Carolina State University

He has previously served on the boards of NCBIO, Inroads/NC Triangle, Inc., the Leadership Raleigh Alumni Association, the United Arts Council of Raleigh and Wake County, the Council for Entrepreneurial Development, and the Greater Raleigh Chamber of Commerce.

Otteni, his wife, Lucy, and son reside in Raleigh, and his other two children, a son and a daughter, are both students at Penn State.

Beta Alpha Psi is a national scholastic and professional fraternity for financial information professionals. The primary objective of the fraternity is to encourage and give recognition to scholastic and professional excellence in the business information field. This includes promoting the study and practice of accounting, finance, and information systems; providing opportunities for self-development and association among members and practicing professionals, and encouraging a sense of ethical, social, and public responsibility.

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REPORTERS & EDITORS: For more information, please contact Wyatt DuBois in the Smeal College of Business Media Relations Office at 814-863-3798 or wed112@psu.edu.

Penn State's Smeal College of Business offers highly ranked undergraduate, MBA, executive MBA, Ph.D., and executive education opportunities to more than 5,500 students at all levels. Featuring academic departments of accounting, finance, marketing, insurance and real estate, management, and supply chain and information systems, the college is also home to major research centers such as the Center for Supply Chain Research, the Institute for the Study of Business Markets, the Center for Digital Transformation, the Farrell Center for Corporate Innovation and Entrepreneurship, the Center for Global Business Studies, and the Center for the Management of Technological and Organizational Change.

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