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Smeal Video: Panel Discusses Energy Issues

Smeal Video: Panel Discusses Energy Issues

UNIVERSITY PARK, PA (April 18, 2005)—Penn State's Smeal College of Business hosted a panel discussion on energy issues in conjunction with its Board of Visitors meetings on April 14 in Philadelphia. "Conversations with Business Leaders: The Role of Energy in Today's Economy" featured John Arnold of Petroleum Products Corporation, Fariborz Ghadar of Smeal's Center for Global Business Studies, Steve Sheetz of Sheetz, Inc., and Pat Woertz of ChevronTexaco.

View video excerpts of the panel discussion.

Panelists

John Arnold is chairman and chief executive officer of Petroleum Products Corporation, which buys gasoline, diesel fuel, heating oil, and kerosene from refiners and ships it on pipelines to its large petroleum aboveground tank facilities, where the fuel is then resold to gasoline stations and other customers. He earned his undergraduate degree from Grove City College in 1985 and an M.B.A. in finance from Smeal in 1987. He serves on the Smeal Board of Visitors and the Advisory Board of the Farrell Center for Corporate Innovation and Entrepreneurship at Smeal.

Steve Sheetz is chairman of Sheetz, Inc., one of the largest family-owned and operated convenience store chains in the country with more than 300 locations in six states. The company has twice been named Convenience Store of the Year and is ranked among the top 125 private companies in the U.S. by Forbes. Sheetz earned his degree in management from Smeal in 1969 and currently serves on the Smeal Board of Visitors and the Advisory Board of Penn State’s Altoona campus.

Fariborz Ghadar is director of the Center for Global Business Studies at the Smeal College as well as the William A. Schreyer Chair in Global Management, Policies, and Planning. He has expertise in global corporate strategy and implementation and global economic assessment. He recently co-authored a book entitled “Global Tectonics: What Every Business Needs to Know,” which includes a chapter on resource management.

Pat Woertz is an executive vice president of ChevronTexaco and is responsible for directing the company’s worldwide refining, marketing, lubricants, and supply and trading business. ChevronTexaco is the second-largest integrated energy company in the United States with activities in more than 180 countries. Woertz graduated in 1974 with a degree in accounting from Smeal. She serves on the Smeal Board of Visitors and the Board of Directors of the American Petroleum Institute and the California Chamber of Commerce. Woertz is annually ranked among the most powerful women in business by Fortune magazine.

Moderator

Donald C. Hambrick is the Mary Jean and Frank P. Smeal Chaired Professor of Management and Organization. He is an internationally recognized scholar in the field of top management and the author of numerous articles, chapters, and books on the topics of strategy formulation and implementation, executive staffing and incentives, and the composition and processes of top management teams. Hambrick has served as president of the prestigious Academy of Management, on the board of directors of the Strategic Management Society, and on the editorial boards of almost all the major scholarly journals in his field.

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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