2004 Alumni Banquet
On April 24, the Pratt School of Engineering honored three exceptional individuals at the annual Engineering Alumni Banquet, held at the Washington Duke Inn. Alan L. Kaganov BSME'60, received the Distinguished Alumnus Award; Gregory R. Maletic BSE'90, received the Distinguished Young Alumnus Award; and William H. Younger Jr. received the Distinguished Service Award.
Kaganov was awarded the 2004 Distinguished Alumnus by the Engineering Alumni Association for his achievement in the health care and medical device industries, as well as for his many contributions to Duke.
A native of New York City, Kaganov graduated from Duke in 1960 with a Bachelor of Science degree in Mechanical Engineering. While at Duke, he participated in the Engineering Society, the Duke Players theater group and intramural sports. With a foundation in the sciences, math and engineering, he began his career as an engineer for Amstar, and attended the Stern School of Business at New York University, where he received an MBA degree in 1966.
It was after a move to Johnson & Johnson that he said he realized his interest lay in the biomedical field, specifically in medical devices and systems, and he enrolled in Columbia University to pursue a doctorate in bioengineering. He was awarded a Career Fellowship by the National Institutes of Health in 1969, which he retained until his graduation with an M.S. and Sc.D. degrees in 1973. His doctoral dissertation, Mathematical Modeling of the Human Circulatory System, led him to his next industry position, that of director of research and development at the Davis & Geck subsidiary of Lederle, a division of American Cyanamid (now Wyeth). It was there that he first combined his business and analytical skills in the development of new medical instruments, particularly those related to wound closure.
Baxter International recruited Kaganov in 1984 as vice president of product development of its Fenwal Division. He rose to general manager and then vice president of technology and business development for the Baxter Corp., overseeing medical innovations, acquisitions and joint ventures.
In 1990, he became CEO of a medical device start-up in northern California called EP Technologies, which created a novel treatment for cardiac arrhythmia using radio frequency ablation. As CEO, Kaganov turned the company into the recognized leader in catheter-based electrophysiology. EPT was the first to complete FDA approval for this therapy, which has helped to cure over 170,000 patients to date.
A move to Boston Scientific as vice president of new business development, acquisitions and strategic planning utilized Kaganov’s engineering, marketing and finance talents. During his tenure, the company completed a record number of investments and business alliances, which enhanced its marketing positions in interventional cardiology, radiology and endoscopy.
With his interest in innovative technologies, Kaganov said he sought a way to recapture the excitement of his earlier start-up experiences, and joined U.S. Venture Partners in 1996 as a health care partner. At this broad-based Menlo Park, Calif., venture firm, he helps entrepreneurs start and build strong companies. He focuses on early stage investments in the areas of medical devices, drug-device combinations, drug delivery systems and biopharmaceuticals.
Kaganov has personally started three medical companies, he currently serves on nine boards of directors, and has acted as CEO for a number of companies while coaching and mentoring their management teams. He has 15 U.S. patents in his name.
Kaganov also is committed to Duke and the Pratt School. His earliest efforts as an alumnus were in recruiting students for Duke during the 15 years he lived in Stamford, Conn., and Lake Forest, Ill. He joined the Engineering School Board of Visitors in 1996, and has actively participated in its semi-annual meetings. This year, he is the co-chairperson of the Research and Technology Commercialization Committee, which encourages entrepreneurial synergies between the university, the engineering faculty, and the investment community. He and his wife have endowed the Alan L. and Carol M. Kaganov Scholarship that provides funds to bioengineering students at Duke.
Distinguished Young Alumnus Award
Greg Maletic, BSE '90, was awarded the Distinguished Young Alumnus Award.
Maletic is a co-founder of Zero G Software, a leading software tools vendor, and C3 Images, a graphic design and video production firm. Maletic majored in electrical engineering and computer science and graduated from Duke in the Fall of 1989, and received his M.B.A. from the University of Michigan in 1995.
After Duke, Maletic worked as a software engineer at Intergraph Corp. of Huntsville, Ala., creating software tools for the geographical information systems market. In 1993, Maletic attended the University of Michigan's M.B.A. program, specializing in marketing and fFinance. He joined Apple Computer in the Summer of 1994 as an intern, then came back to work at the company full-time in 1995 and 1996 as a product marketing manager for the Mac operating system.
Maletic and business partner Eric Shapiro formed Zero G Software in 1996. Looking to capitalize on the rapidly growing market surrounding Sun Microsystems' new Java technology, Maletic and his partner recognized an opportunity: an answer to the problem of distributing software to multiple operating systems simultaneously. Solutions for “single-platform” developers had existed for years, but no one had yet solved the problem for the more demanding needs of Java developers. The result was Zero G's flagship product, InstallAnywhere. Since shortly after its introduction in 1997, InstallAnywhere has been the leading multi-platform installation solution and is used by thousands of companies including FedEx, IBM, Citibank, and Sony. While at Zero G, Maletic performed just about every job function imaginable: corporate strategy, software design, testing, sales, marketing, technical support, and package design.
After six years with Zero G, Maletic sought to branch out beyond the world of software and combined his love of film with an overwhelming interest in games and technology. The result is The Future of Pinball, a documentary chronicling the 1999 demise of Williams Electronic Games’ pinball division, the largest–— and next-to-last–— pinball manufacturer in the world. The Future of Pinball is slated to premiere later in 2004. Maletic created C3 Images to produce the documentary, and has also used C3 to perform other services in the media markets including titling, special effects, and graphic design.
Distinguished Service Award
William (Bill) Younger is the 2004 recipient of the Distinguished Service Award.
Younger graduated from the University of Michigan with a BSEE, Summa Cum Laude, in 1972. He became a commissioned officer in the U.S. Public Health Service. In 1975 he received an M.B.A. from Stanford University. During the next six years, Younger worked for Cummins Engine Co. in sales, marketing and distribution.
He joined Sutter Hill Ventures in 1981, at a time when the venture capital world was a cottage industry. Sutter Hill pioneered many of the practices which have become commonly accepted in venture capital today: working with technical founders to develop a business plan; recruiting management; developing a milestone-based funding plan; syndicating financings; and being patient investors who build value over extended periods of time.
Younger has funded and nurtured many successful companies which have gone on to lead their fields in medical devices, biotechnology, software infrastructure, semiconductors, telecommunications, and hospital products.
He is also committed to investing in the community. Younger has been active in local and statewide public education, having served as president of the local high school foundation and chair of several bond and voter campaigns. He has been president of the Western Association of Venture Capitalists and chair of the Venture Capital Committee of the Stanford Graduate School of Business Trust. Younger is on the advisory council of the Gladstone Institutes at UCSF. He also serves on the Bay Area Young Life Committee and the National Capernaum Ministries Board, which serves disabled high school students.
Introduced to Duke when his son, Mark, enrolled as a Pratt student in 1999, Younger has been actively connecting Duke engineering students and faculty with the venture capital world he knows so well. He serves on the Pratt School Board of Visitors. Bill set up the DEVIL Fund (Duke Engineering Venture Investment Limited) and chairs its investment and membership. In 2003, Younger and his son Mark were speakers at Parents Weekend.
He and his wife, Lauren, have three children. In addition to Mark (’03), their daughter, Julie, is a Trinity Student (’06) and Mark’s fiancÃ©e, Ashley, graduated in 2003.