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The Associates and Young Associates of the I. H. Asper School of Business gathered on December 6, 2021 for the University of Manitoba Business School Foundation’s 39th Annual General Meeting. Attendees joined both in-person at the Fairmont Winnipeg for a gala dinner and online via webcast. Special guest Donald K. Johnson (former President of Burns Fry and Vice Chair of BMO Nesbitt Burns) provided a keynote address, sharing his wisdom and advice with those in attendance.

“My friend Donald K. Johnson exemplifies the best of business, entrepreneurial, and philanthropic achievement in Canada. Early in his notable investment banking career Don commenced not only practicing but also promoting philanthropy among successful business leaders. Over many years his example of generosity and fundraising leadership have benefited many Canadian non-profit institutions engaged in the arts and culture, education, and health care. Thank you DK!”

– Arni Thorsteinson (Chair, IDEA Committee)

Read more and view the 2021 AGM photo gallery here.

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Influential business leader and revered role model Indra Nooyi announced as 2022 IDEA recipient

December 7, 2021

The Associates of the Asper School of Business at the University of Manitoba have announced that Indra Nooyi, one of the world’s most admired and influential business leaders, will be the recipient of the 2022 International Distinguished Entrepreneur Award (IDEA).

“Indra Nooyi has an incredible legacy of achieving transformational growth for PepsiCo and inspiring many with her maverick leadership style and purposeful risk- taking,” said Arni Thorsteinson, Chair of the IDEA Committee and President of Shelter Canadian Properties Limited. “As the first woman of colour and immigrant to lead a Fortune 50 company, she represents the immense importance of diversity and inclusion at all levels of leadership and we are truly honoured to present her with this well-deserved recognition.”

Ms. Nooyi was born in Madras (Chennai), Tamil Nadu, India, and earned a bachelor’s degree from Madras Christian College and an MBA from the Indian Institute of Management Calcutta. She began her business career at the textile firm Mettur Beardsell in Madras and as a product manager at Johnson & Johnson in Bombay.

In 1978, Ms. Nooyi immigrated to the US to attend Yale University and earned a master’s degree in public and private management. She then joined Boston Consulting Group (BCG) as a strategy consultant and, from 1986 to 1994, worked at Motorola and ABB leading corporate strategy and planning departments.

In 1994, Ms. Nooyi entered the executive suite at PepsiCo and became CFO and then president of the company in 2000. She joined the board of directors in 2001 and, five years later, was named chairman and chief executive officer. Leading PepsiCo, Indra was the architect of Performance with Purpose, the company’s pledge to make healthier and more nutritious products, limit the company’s environmental footprint, and empower its associates and people in the communities it serves.

Currently, Ms. Nooyi sits on Amazon’s board and chairs its audit committee. She is a member of the supervisory board of Philips, the International Advisory Council of Temasek, the International Cricket Council, and the American Academy of Arts & Sciences. She also serves as an advisor to several early stage companies.

Ms. Nooyi has been named one of Time’s 100 Most Influential People in the World. She has repeatedly been named to Forbes’ Most Powerful Women, and Fortune’s Most Powerful Women in Business lists.

Ms. Nooyi is a champion of women, equity, inclusion, and support for families, and lends her voice to a variety of causes including the Dean’s Advisory Council at MIT’s School of Engineering, the Memorial Sloan Kettering Cancer Centre and the Partnership for Public Service.  Her first book, My Life in Full: Work, Family, and Our Future was released in September 2021.

University of Manitoba President and Vice-Chancellor Dr. Michael Benarroch noted: “Indra Nooyi is a leader who has brought about significant meaningful change. We look forward to celebrating her tremendous accomplishments and welcoming her here in Manitoba.”

Since 1984, the Associates of the Asper School of Business has presented the International Distinguished Entrepreneur Award to outstanding entrepreneurs who have made exemplary contributions to global economic life.

“There are those who stomp out new paths. Then are those who step so far forward that  they paint a whole new horizon for others to look to – that is the extraordinary impact  of Indra Nooyi,” shared RBC Regional President Kim Ulmer.  “One of the many reasons   we return each year to support the IDEA dinner is because of the inspired role the   Associates of the Asper School of Business play in bringing together our community to  honour and learn from influential and imaginative voices like Ms. Nooyi.”

Indra Nooyi joins previous distinguished IDEA recipients including Sir Richard Branson, Stu Clark, Paul Desmarais Sr., David Foster, A. Linda Hasenfratz, Akio Morita, Ross Perot, Heather Reisman & Gerald Schwartz, Dame Anita Roddick, David Thomson, Prem Watsa, Arianna Huffington, Dr. Hartley Richardson, and the 2021 recipient, Dr. Ernest Rady.

Indra Nooyi will be presented with the IDEA award at the 2022 IDEA dinner on May 3, 2022 at the RBC Convention Centre.

For more information, please contact AnnaMaria Toppazzini, CEO, University of Manitoba Business School Foundation, Associates at the Asper School of Business, at: 204-981-4880, or email: ceo@associatesmb.ca

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“IDEA 2021 represented the bringing together of our business community and our bright future of working towards common goals within our community and business school. Dr. Rady’s words were inspirational as it relates to community leadership and the opportunities in front of us when we work together.” – Andrew Stibbard, The Associates Chair

Dr. Ernest Rady, Founder, President, and CEO of American Assets Trust was honoured as the 2021 IDEA Recipient on November 17, 2021.  After 30 months since our last IDEA, it was wonderful to once again bring together our community to celebrate the achievements and impact of Dr. Rady – an exceptional entrepreneur, Manitoban, and University of Manitoba alumnus. His drive, skill, and generosity have greatly benefitted the lives of people across North America, especially within the fields of education and healthcare in both his hometown of Winnipeg and his adopted home of San Diego. He was able to share some of his wisdom with over 750 IDEA dinner attendees and reconnect with his Manitoba community. Notably, he emphasized that he still carries with him key principles and values that he learned while growing up in Winnipeg: being truthful, honest, and trustworthy in all personal and professional dealings.

IDEA 2021 was a resounding success, selling out and operating with adapted measures to keep attendees safe. The Associates were proud to host an event that allowed members of our community to reconvene in person and connect again after a long pause of sizeable events. We hope that you, too, found value in reigniting our business and personal connections. 30 partners supported IDEA, highlighting the generosity and community-mindedness of our local businesses and organizations. Funds raised go towards supporting the I. H. Asper School of Business with student programming, faculty and student awards, and upgrades to school facilities. As a result, the continued success of IDEA contributes to ensuring that students in Manitoba have access to a world-class business education within their own province.

Thank you to all of you who attended, supported, and were part of IDEA 2021. We truly have a remarkable team that makes IDEA possible! It was delightful to once again be able to come together as a community to network, share a delicious meal, and celebrate the accomplishments of our IDEA Recipient. Dr. Rady’s visit will leave a lasting impact on our organization, and we look forward to staying in contact with such an energetic and transformative business leader.

IDEA 2021 was a memorable evening for all and we look forward to IDEA 2022. Thank you for making Manitoba a better place to learn, live, and do business – our province is stronger because of each and every one of you.

Read more about IDEA 2021 in the Winnipeg Free Press article, here.

We would like to extend our utmost gratitude and give special thanks to our Partners and team that made IDEA 2021 an astounding success:

Platinum Partner
Royal Bank of Canada

Gold Partners
Bell MTS, James Richardson & Sons, Ltd.

Silver Partners
The Asper Foundation, Globe Capital Management, Mondetta, Winnipeg Free Press

Bronze Partners
Canada Life, Encore, Lionridge Capital Management Inc, TD Asset Management, Thompson Dorfman Sweatman, Volvo Cars Winnipeg, Wave Show Technologies

Premium Table Partners
CIBC, Conviron, Cushman & Wakefield | Stevenson, Lawton Partners, Legacy Bowes / TIPI Group of Companies, MLT Aikins LLP, Neptune Properties Inc., People Corporation, Pitblado LLP, PricewaterhouseCoopers LLP, Rogers Communications, Shelter Canadian Properties Ltd., Taylor McCaffrey LLP, Wellington-Altus Private Wealth

Concierge Service
Matt Sarmatiuk and his fantastic team at Volvo Cars Winnipeg

Entertainment
Desautels Faculty of Music, University of Manitoba
Raffi Rosenberg

IDEA Committee
Arni Thorsteinson, Chair
Paul Soubry (Vice Chair), Bill Baines, James Cohen, Carly Edmundson, Susan Feldman, Seth Henoch, Debra Jonasson-Young, John Kearsey, Paul Lacap, Rick MacKay, Ash Modha, John Proven, Colin Ryan, Bruno Silvestre, Andrew Stibbard, AnnaMaria Toppazzini, Geeta Tucker, Rob Vanderhooft, Gordon Webster, Rick Workman

University of Manitoba President, Michael Benarroch

President’s Office, University of Manitoba
Holly Campbell, Lisa Chase, Lisa Wolfe-Ulrich

External Relations Office, University of Manitoba
Crystal Goodick, John Kearsey, Vanessa Koldingnes, Paul Lacap, Stephanie Levine, Chris Rutkowski, Melyssa Ward, Stacy Wyatt

Asper School of Business
Dean Bruno Silvestre, Dallas Hull, Rhiannon Leier Blacher, Lana Vanderpont

Premier of Manitoba, Hon. Heather Stefanson

Special Friend of Dr. Rady, Hon. Richard Kroft

Chief Justice, Hon. Richard Chartier

Chief of Protocol, Brad Robertson

Commerce Student Association President, Connor Egan

Commerce Student Association Volunteers
Lindsey Hopkins, Keerat Jaura, Justin Li, Betty Mae Ferrer, Kimberly Nicolasora, Tessa Robert-Betzold, Teeson Thompson, Lisa Wang

University of Manitoba Business School Foundation
Peirce Dickson, Phaedra Propp, Bailey Smith, AnnaMaria Toppazzini

Special thanks to the Rady Family
Dr. Ernest Rady, Evelyne Rady and Julie Jessie, Special Assistant

Further pictures will be posted on The Associates website. In the meantime, please enjoy this preview.

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Financial entrepreneur and philanthropist Dr. Ernest Rady announced as 2021 IDEA recipient

November 17, 2021

The Associates of the I.H. Asper School of Business at the University of Manitoba have announced Dr. Ernest Rady, Winnipeg-born international entrepreneur, business leader, and philanthropist, as the recipient of the 2021 International Distinguished Entrepreneur Award.

Arni Thorsteinson, Chair of the IDEA Committee and President of Shelter Canadian Properties Limited, said: “The Associates, in conjunction with the University of Manitoba, are honoured to recognize Ernest Rady for his entrepreneurial achievement and extensive and generous philanthropy in the United States and Canada. Since graduation from the University of Manitoba in 1958, he has founded and managed several successful private and publicly-traded corporations. In addition, his ‘home town’ of Winnipeg has been only one of the many beneficiaries of his financial support and community commitment.”

Dr. Ernest Rady [BComm/58, LLB/62, LLD/15] was born and raised in Winnipeg and earned degrees in commerce and law at the University of Manitoba. An exceptional student, he received both the Law Society Award for Academic Achievement in Law and the University Gold Medal in Commerce. In 1966, he and his family moved to San Diego, California and he became an American citizen in 2005.

Dr. Rady is Chairman, President and Chief Executive Officer of American Assets Trust (AAT), a publicly traded real estate investment trust with a market value of approximately USD $4B. In 1972, he founded Insurance Company of the West, now part of ICW Group Holdings, a high growth multi-line property and casualty carrier with approximately USD $3.6B in assets. While currently CEO of AAT and Executive Chairman of both companies, Dr. Rady also founded and was Chairman and CEO of Westcorp, a NYSE traded financial services company, which was sold to Wachovia Corporation in 2006 and is now part of Wells Fargo.

Throughout his life, Dr. Rady has been passionate about supporting important causes. His significant philanthropic and volunteer work has been focused on education, the health and well-being of children, and scientific research. His charitable donations and beneficiaries include Rady Children’s Hospital, the UCSD Rady School of Management, and The Salvation Army.

Of most significance for Manitobans, in 2016 Ernest and Evelyn Rady bestowed a $30 million transformative gift to the University of Manitoba as part of its Front and Centre Campaign that will bolster teaching, learning and research in health sciences for generations. The University of Manitoba renamed its health sciences faculty the Rady Faculty of Health Sciences to honour the memory of Dr. Rady’s parents, Rose Rady and Dr. Maxwell Rady [MD/1921], and UM doctors now graduate from the Max Rady College of Medicine.

As an active leader in his community, Dr. Rady’s volunteer efforts include serving as the Chairman of the Dean’s Advisory Council of the Rady School of Management at UC San Diego and as a Trustee of the Salk Institute for Biological Science. Additionally, Dr. Rady is past Chairman and Treasurer of the Children’s Hospital and Health Center of San Diego.

University of Manitoba President and Vice-Chancellor Dr. Michael Benarroch noted: “As a business leader and philanthropist, Dr. Ernest Rady’s legacy at UM, throughout this province and globally, is simply astounding. We are truly grateful to have this opportunity to honour him for his remarkable investments in the future of medicine through the Rady Faculty of Health Sciences as well as his many other immeasurable contributions.”

University of Manitoba President Emeritus Dr. David Barnard noted: “We are thrilled that Dr. Rady chose to invest in his home province through the University of Manitoba. It is wonderful to understand that this gift both honours his parents and invests in the future of health care in Manitoba and around the world. The Rady Faculty of Health Sciences is a cornerstone of medical education in Manitoba, and an institution that will be making its mark and presence known for many years to come.”

Since 1984, the Associates of the Asper School of Business have presented the International Distinguished Entrepreneur Award to outstanding entrepreneurs who have made exemplary contributions to global economic life.

“Our longtime partnership with the University of Manitoba Business School Foundation and the Asper School of Business is founded on our shared values and inspired by the tremendous role they play in championing academic and community excellence both here in Canada and across the globe,” shared Kim Ulmer, RBC Regional President. “This year’s IDEA Gala honouree, a former graduate of the Asper School of Business, is a mirror to those extraordinary standards of excellence. We are delighted to acknowledge one of Winnipeg’s giants of business and philanthropy and welcome home Dr. Ernest Rady who has cast a long shadow across the world through both his entrepreneurial and giving spirit.”

Dr. Ernest Rady joins previous distinguished IDEA recipients including Sir Richard Branson, Stu Clark, Paul Desmarais Sr., David Foster, A. Linda Hasenfratz, Akio Morita, Ross Perot, Heather Reisman & Gerald Schwartz, Dame Anita Roddick, David Thomson, Prem Watsa, Arianna Huffington, and the 2019 recipient, Dr. Hartley Richardson.

“The University of Manitoba and its namesake province hold special significance for me,” said Dr. Ernest Rady. “It’s where my father put himself through medical school so he could make a positive impact on his community, and where so many of my family and friends have made or launched their futures. To be celebrated for a lifetime of achievement is a humbling experience; to be celebrated by the people and the place where you first nurtured your dreams is even more meaningful. I am honoured to be named as the 2021 recipient of the International Distinguished Entrepreneur Award and look forward to returning to Winnipeg to share this special day with the community that has meant so much to me and my family.”

Dr. Ernest Rady will be presented with the award at the 2021 IDEA dinner tonight, November 17, 2021, in Winnipeg at the RBC Convention Centre.

As part of the evening program, Dr. Rady will be invested in the Order of Manitoba.

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Asper School of Business Dean Emeritus celebrated by community at memorial on January 22, 2021.

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