CONTACT: GEORGE MCCRORY
300 Plaza Centre One
Iowa City IA 52242
(319) 384-0012; fax (319) 384-0024
Release: April 12, 2002
UI Tippie College of Business honors former Coca-Cola executive Donald
University of Iowa Henry B. Tippie College of Business will honor Donald R.
Keough, former president of The Coca-Cola Company and chairman of the board
of Allen & Company, as the recipient of the 2001 Oscar C. Schmidt Iowa
Business Leadership Award.
The Tippie College of Business will honor Keough on Wednesday, April 24
at a dinner and program at the Main Lounge of the Iowa Memorial Union.
The Iowa Business Leadership Award was established by the late C. Oscar
Schmidt, president of the Cincinnati Butchers' Supply Company, who wanted
to honor his father by recognizing an outstanding Iowa business executive.
His intention was both to honor an outstanding business leader and to provide
a vehicle by which the students and faculty of the College could interact
with successful career men and women. The award recognizes outstanding performance
in the world of commerce in the belief that business leadership is essential
to the economic progress of Iowa and the nation.
"We are proud to honor this Iowa native who went on to be the president
of a company that has had a major economic impact not only in Iowa, but throughout
the nation and the world," said Gary Fethke, dean of the Tippie College
Donald Keough is chairman of the board of Allen & Company Incorporated,
a New York investment banking firm. He was elected to the position in 1993
following his retirement as president, chief operating officer and a director
of The Coca-Cola Company. He continues to act as advisor to the Coca-Cola
The son of a farmer and cattleman, Keough was born on farm near Le Mars.
After serving in the Navy, he graduated from Creighton University. He became
a television commentator, and he called the plays for the first televised
football game west of Chicago.
His tenure with Coca-Cola dates back to 1950, and he held a variety of key
positions prior to being named president of the Company's Foods Division in
1971. Subsequently, he held the office of the president of Coca-Cola USA and
was later given the responsibility for the company's business in North and
Keough was elected president, chief operating officer and director of The
Coca-Cola Company in 1981. From 1986 to 1993, he served as chairman of the
board of Coca-Cola Enterprises, Inc., the world's largest bottling system.
Keough serves on the boards of H. J. Heinz Company, The Washington Post
Company, The Home Depot and McDonald's Corporation. He is immediate past chairman
of the board of trustees of the University of Notre Dame, and a trustee of
several other educational institutions. He also serves on the board of a number
of national charitable and civic organizations.
Keough has received various honors in his career, including a Horatio Alger
Award in 1988. He holds honorary doctorates from the University of Notre Dame,
Creighton University, Emory University, Trinity University, Dublin, and Clarke
University. The University of Notre Dame's highest honor, the Laetare Medal,
was presented to Keough in May 1993.
Past recipients of the Oscar C. Schmidt Iowa Business Leadership Award,
first given in 1980, include: William T. Kerr, chairman and chief executive
officer of Meredith Corporation; John Pappajohn, president of Equity Dynamics,
Inc.; and Clayton M. (Clay) Jones, president of Rockwell Collins.