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Two Smeal grads in 2018 class of Penn State Alumni Fellows

October 5, 2018

Two Penn State Smeal College of Business alumni were honored Wednesday night with Penn State Alumni Fellows awards for their outstanding professional accomplishments: Carl Berquist ’74 and Julie McHugh ’86. 

In addition to recognizing alumni for contributions to their professions and the world, the Alumni Fellow program provides an opportunity to bring these alumni back to campus to connect with students, faculty, and administrators. 

Administered by the Penn State Alumni Association, Alumni Fellow is a lifelong title and the highest award given by the association. Each Alumni Fellow receives a commemorative award, designed and hand cast by 1972 Penn State graduate Jeanne Stevens-Sollman, a 2007 Alumni Fellow. 

Carl Berquist

Carl Berquist
Carl Berquist
Berquist retired in 2016 from his role as executive vice president and chief financial officer of Marriott International, Inc., where he was responsible for global finance, including financial reporting, project finance, mergers and acquisitions, global treasury, corporate tax, internal audit, and investor relations. Previously, he was executive vice president of financial information and enterprise risk management. 

Prior to joining Marriott in December 2002, Berquist was a partner at Arthur Andersen LLP. During his 28-year career with Arthur Andersen, he held numerous leadership positions covering the management of the business, as well as market-facing operational roles, including industry head of the worldwide real estate and hospitality practice. 

Berquist is a member of the Smeal College of Business Board of Visitors, the Smeal Institute for Real Estate Studies Advisory Board, and the Penn State School of Hospitality Management Industry Advisory Board. 

Julie McHugh

Julie McHugh
Julie McHugh
McHugh retired after a 32-year career in the biopharmaceutical industry. Prior to her retirement, she was the chief operating officer at Endo Health Solutions, where she was responsible for the pharmaceutical and generic drug businesses. Previously, McHugh held executive positions including CEO of Nora Therapeutics, Company Group Chairman at Johnson & Johnson, and president of Centocor. 

McHugh currently serves on the board of directors for Xellia Pharmaceuticals, Ironwood Pharmaceuticals, Trevena Pharmaceuticals, Aerie Pharmaceuticals and Lantheus Medical Imaging. In addition, she is on the strategic advisory board of HealthCare Royalty Partners. 

She is the chairman of the Smeal College of Business Board of Visitors and is the co-chair for the Penn State Parent Philanthropy Committee. 

McHugh was featured in the inaugural edition of Smeal’s State of Business magazine.

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