2015 Economic Forecast in Dallas: MOMENTUM
"Join us for a lively discussion with corporate executives, economists and academic leaders, including Mike Ullman, CEO JCPenney; David Seaton, chairman and CEO Fluor; Thomas J. Falk, chairman and CEO Kimberly-Clark; Mine K. Yücel, SVP and director of research Federal Reserve Bank of Dallas; and Bob Parrino, professor and chairman Finance Department McCombs School of Business."
Tuesday, September 23, 2014 - 11:30AM - 1:30PM
Dallas Federal Reserve Bank, 2200 N. Pearl. Street, Dallas, TX
Federal Reserve Bank of Dallas
At long last we¹re starting to see words used to describe the U.S. economy like: optimism, revenue growth, more hiring, GDP increases, and consumer confidence is up. There¹s momentum gaining and especially in Texas. In fact, without Texas, the nation¹s economy would be stuck in slow motion.
Please join us to get expert insight on what 2015 has in store for the economy as Texas CEO Magazine and the McCombs School of Business bring together CEOs, Federal Reserve economists and UT faculty to share their insights for the year to come. In Dallas— the focus is on retail and engineering/construction and consumer packaged goods; in Houston—experts from health care, energy and logistics; in San Antonio—finance, biotechnology and private equity; and in Austin—technology, real estate and water. Panelists will answer your questions about the future of the economy both statewide as well as nationally. The event is moderated by Pat Niekamp, publisher of Texas CEO magazine.
Mike Ullman returned as chief executive officer of JCPenney in 2013 to lead a turnaround after an unsuccessful strategy to move the retailer upmarket; he had retired as Chairman & CEO of JCPenney in 2012, having served since 2004.
Ullman has managed businesses engaged in retailing, luxury goods manufacturing, property management and development, hotel management, computer services and public transport.
Ullman has served as Directeur General, Group Managing Director of LVMH Moet Hennessy Louis Vuitton; chairman and chief executive officer of DFS Group Limited; chairman and chief executive officer of R. H. Macy & Co., Inc.; and was group managing director of Wharf Holdings, Ltd. He served as executive vice president of Federated Department Stores division in Dallas.
In 1981, Ullman was appointed a White House Fellow by President Ronald Reagan. In 1995, he was the recipient of the William Howard Taft Medal as outstanding alumnus of the University of Cincinnati and received an honorary doctorate in June of 2006.
Ullman currently serves as chairman of the Federal Reserve Bank of Dallas and is a director of Starbucks Coffee Company.
David Seaton was named CEO and became a member of Fluor’s board of directors in 2011, and was elected to the role of chairman in 2012. Fluor is one of the world's leading and largest engineering, procurement, construction and maintenance services companies.
Seaton has been with Fluor since 1984, holding numerous positions in both operations and sales globally, including: chief operating officer, senior group president over Energy & Chemicals, Government and Power Groups, and was senior vice president and group executive for Fluor’s global corporate sales function.
Seaton also led the company’s global business activities in the upstream, downstream, pipeline, offshore, gas processing, oil and gas production, chemicals, integrated petrochemical and petroleum refining industries including ICA Fluor, the company’s joint venture in Mexico.
Seaton is a board member of the World Economic Forum's Partnering Against Corruption Initiative, and the co-chair of the Forum's Global Agenda Council on Corruption. He holds a bachelor’s degree in international studies from the University of South Carolina and received an honorary doctoral degree in 2014.
In the 142 year history of Kimberly-Clark, Thomas J. Falk is only the eighth CEO to lead the Dallas-based global leader in consumer packaged goods. Today, Kimberly-Clark operates in 35 countries, with over $21 billion in revenues and 57,000 employees.
Prior to becoming CEO in 2002 and Chairman in 2003, Falk has spent 30 years at Kimberly-Clark launching his career as part of the internal audit staff, moving through accounting positions to become director of Corporate Strategic Analysis. He became operations manager for the Infant Care diaper plant in South Carolina prior to becoming VP/Operations Analysis and Control.
In 1993, Falk was elected group president of Infant and Child Care, followed by group president of North American Consumer Products. Additional responsibilities were added in newsprint operations, premium business, wet wipes, plus the addition of overseeing HR, the environment, and energy departments, all leading to becoming Chief Operating Officer in 1999.
Falk serves on the Boards of Lockheed Martin, Global Consumer Goods Forum, Catalyst and the University of Wisconsin Foundation.
Tom Falk has a bachelor's degree in accounting from the University of Wisconsin and a Master’s degree in management as a Sloan Fellow from Stanford University.
Mine K. Yücel has been with the Bank since 1989 and she has been head of the Bank's micro/regional/energy group and director of publications for many years. Yücel analyzes the regional economy and energy markets on an ongoing basis and has published numerous articles on energy and regional growth.
Yücel is a member of the National Association for Business Economics board of directors and was president of the International Association of Energy Economics in 2011, an institution with 102 member countries. She is also past president of the United States Association of Energy Economics (USAEE). In 2006, Yücel was chosen as one of the recipients of the Key Women in Energy Global Award.
Dr. Parrino is the Lamar Savings Centennial Professor of Finance and Director of the Hicks, Muse, Tate & Furst Center for Private Equity Finance. He has been on the finance faculty at the McCombs school since 1992 where he teaches courses in degree and executive education programs, as well as customized courses for executives in financial and non-financial corporations.
Dr. Parrino’s research includes work on corporate governance, corporate financial policies, private equity, corporate restructuring, and mergers and acquisitions, as well as research on private equity markets. He is Associate Editor of the Journal of Corporate Finance and has won numerous awards for teaching and research.
Dr. Parrino holds a B.S. in chemical engineering from Lehigh University, an MBA degree from The College of William and Mary, and M.S. and Ph.D. degrees in applied economics and finance, respectively, from University of Rochester, as well as the Chartered Financial Analyst (CFA) designation. He is co-founder of the Financial Research Association, and was Founding Director of the Hicks, Muse, Tate and Furst Center for Private Equity Finance.
- Learn what global and U.S. factors could impact Texas and the DFW local economy
- Mike Ullman will discuss what's driving the retail sector and if growth is in its future
- David Seaton will look at the status of engineering/construction projects in Texas, the U.S. and beyond
- Tom Falk will share his insights on innovation and consumer behaviors in the consumer package goods industry