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  • Member Spotlight: Celebrating Our Gloria Nilson Mark of Distinction Award Recipients

    Sheldon Horowitz and Tom Cardinale Share Their Council Journeys

    In this special edition of our member spotlight, we celebrate two exceptional leaders who recently received the prestigious Gloria Nilson Mark of Distinction Award. Sheldon Horowitz and Tom Cardinale’s stories exemplify the diverse paths to engagement and the meaningful connections that define the Leon Hess Business Council experience.


    Two Paths, One Shared Commitment

    Sheldon Horowitz: A Parent’s Journey to Leadership

    What began as a parent’s desire to stay connected to his son’s university experience has evolved into over a decade of dedicated service. “My eldest son started at MU and I wanted to become more engaged,” Sheldon shares, reflecting on his initial motivation to join the council back in 2012.

    This personal connection has since blossomed into meaningful leadership roles across multiple committees, including membership, steering, and curriculum committees. Most notably, Sheldon assisted in last year’s crucial recertification visit and has served as an Executive in Residence—a role he’s particularly passionate about.

    Tom Cardinale: An Alumnus Returns Home

    Tom’s path to the council began through professional mentorship. “I was introduced to the LHBC by Wayne Tessler, my former boss and partner-in-charge of EisnerAmper’s Wall branch. Wayne also admirably served as Treasurer of the Council for 20+ years,” Tom explains. As a 1997 MU graduate, “this was a perfect opportunity to get connected again with my roots and to give back to the school that helped put me on my prosperous and rewarding career path.”

    Tom has been a proud council member for nearly 15 years and stepped into Wayne’s shoes as Council Treasurer from 2016-2023, stewarding the organization’s finances through the challenging pandemic years.

    The Power of Learning and Growth

    Sheldon’s perspective on council involvement reveals the community’s greatest strength: “This is all personal growth. My interaction with our members makes me a better person, since each member has so much to share. It’s a way for me to raise my own personal ‘bar/level’ since I view our members’ ‘bar/level’ as something I aspire to.”

    An Honor Beyond Words

    Both recipients express profound gratitude for receiving the Gloria Nilson Mark of Distinction Award, each bringing their unique perspective to the honor.

    Sheldon reflects: “Gloria is a special, incredible person. Anything attached to her name is an honor in itself. Now add the past recipients who are beyond next level. To be in that club leaves me speechless.”

    Tom shares: “Receiving this award was a tremendous honor, especially to have Gloria Nilson’s name on it – one who has contributed so much to MU over the years that are simply beyond words. I feel my recognition was also a powerful testament on the Council’s special family feeling that no one gets forgotten, including the member crunching numbers behind the curtains to keep the finances in good standing.”

    Tom’s surprise at receiving the award makes it even more meaningful: “From that perspective, I was not expecting to be named as a recipient of this award, and so it made me feel that much more special.”

    The Importance of Mentorship

    Both award recipients acknowledge the crucial role mentorship has played in their success. Sheldon credits Richard Riccardi: “A large part of what I do I am most grateful to Richard Riccardi. He has always mentored me and engaged me at the BC. I owe my success (and I am sure other members feel the same) to him.”

    Tom’s journey was shaped by Wayne Tessler’s guidance, demonstrating how council leadership transitions create lasting legacies through mentorship.

    Looking Ahead: Wisdom for Future Members

    Sheldon’s advice: “Engage at the BC. Find mentors and join sub committees. Don’t wait to be asked!” He emphasizes the importance of supporting Monmouth University’s mission and serving as ambassadors for the institution.

    Tom offers forward-thinking guidance: “Always stay out of a comfort zone with your current skillsets and be proactive to learn new areas that companies are adopting at a rapid pace. Like it or not, the business world is going through a generational transformation to where AI and automation will be the future in nearly all professional service industries. It would be prudent to invest in yourself and expand your knowledge in these new areas.”

    Commitment to Continuous Growth

    Despite achieving recognition for exceptional service, both leaders remain focused on doing more. Sheldon continues striving to “raise my own bar,” while Tom’s experience navigating the council through unprecedented challenges demonstrates his dedication to organizational stability and growth.

    Their recommendation to “always spotlight new members” reflects their shared commitment to fostering an inclusive, welcoming community that celebrates contributions at all levels.


    The Leon Hess Business Council continues to thrive because of members like Sheldon Horowitz and Tom Cardinale—individuals who bring passion, humility, and a commitment to personal growth that elevates our entire community. Their journeys—from concerned parent to engaged leader, and from grateful alumnus to dedicated steward—exemplify the transformative power of engagement and mentorship that defines our council.

    Interested in learning more about council involvement or nominating a fellow member for recognition? Contact us at emoran@monmouth.edu.

  • As Autumn Leaves Fall, LHBS Success Stories Rise

    As we settle into the crisp embrace of Fall semester, there’s no better time to reflect on the transformative power of the SEEMA Executive Mentoring Program and the remarkable achievements of our Leon Hess Business School community. This season of change brings with it inspiring stories of growth, connection, and professional triumph that exemplify the very best of what our Business Council partnerships can accomplish.

    In this edition, we’re proud to spotlight a shining example of how strategic mentorship, academic excellence, and proactive career development converge to create extraordinary outcomes.

    Kyle Bleweis (LHBS, 2025): A Business Council Point of Pride and SEEMA Program Success

    By Jonathan Leifer, Chair, Faculty Grant Committee

    The SEEMA Executive Mentoring Program is a cornerstone of our LHBS efforts to provide an exceptional academic and career preparatory experience for Business School students. Through this initiative, students are paired with Business Council Members employed in their chosen fields of interest, offering them invaluable, real-world career insights that reach far beyond classroom learnings. Recently, Kyle Bleweis, a longstanding Council student liaison, graduated from LHBS with honors and the distinction of being a model for what SEEMA seeks to facilitate for our next generation of business leaders.

    Kyle was a dual Finance and Real Estate Major, and his mentorship with Mr. Jonathan Leifer provided a deep dive into the world of real estate investment and development. As a mentee, Kyle sought to bridge the gap between classroom learnings from the Kislak Real Estate Program and practical application, gaining firsthand exposure to the complexity of deal capitalization for large, multi-year projects and digging deeper to understand the analysis of financial risks and returns in property investments. But his mentorship wasn’t just about numbers; it also involved discussions on design trends, visits to real properties that illustrated why investors carefully plan and position real estate projects for before ever breaking ground,and the importance of creating sustainable and functional spaces for host communities. This exchange of ideas highlighted how every curated detail — from aesthetics, to floor plans and amenities, to energy footprint — helps to realize long-term value and market-fit when community building.

    Ever career-minded, Kyle also gained insight into real estate’s employer ecosystem. He learned the roles played by various stakeholders, from architects to lenders, attorneys, brokers, contractors, and investment managers. This holistic perspective made him conversant on career paths as a rising professional.  He also proactively sought employer referrals from his Mentor and other Council members to empower his job search. This professional orientation, as well as Kyle’s diligence in his studies and prior internships, opened up several job opportunities for him upon graduation, even in a crowded job applicant market.  Ultimately, Kyle chose to work for Kennedy Lewis where he is a Financial Analyst focused on financing Homebuilder’s Land Lot Inventory nationwide.

    Kyle represents a true paradigm of success for LHBS students navigating the college-to-workforce transition.  For those seeking to follow in Kyle’s footsteps and leverage the power of SEEMA to widen their career prospects, the key is to demonstrate proactivity as Kyle so strongly did. This means actively seeking internships, building a strong network through SEEMA participation, and empowering a full transition from academia to a thriving career.

  • Introducing BASIC: Where Business Meets Brilliance

    A groundbreaking collaboration that transforms classroom theory into real-world impact

    Innovation thrives at the intersection of academic excellence and business acumen—and the Leon Hess Business School is proud to pioneer exactly that convergence with the launch of BASIC (Building collaborative teams consisting of Faculty, Students, and Business Council Members). This fall, we’re embarking on an ambitious new venture that promises to redefine experiential learning while delivering tangible value to the business community.

    Imagine student teams tackling real commercial challenges under faculty guidance, with Business Council members serving as mentors and project sponsors. Picture our brightest minds conducting market research, streamlining processes, and solving strategic puzzles—all while earning compensation and building professional portfolios that set them apart in today’s competitive landscape.

    What is BASIC?

    Building collaborative teams consisting of Faculty, Students, and Business Council Members to perform small projects for hire in a live commercial setting.  Typical projects would be short in duration (8 – 12 weeks), non-mission critical (yet important), and appropriate for student/faculty teams to successfully perform to add high value.  Every company has dozens of these projects such as:  Research & rationalization/summarization of key strategy questions; Survey of customer preferences, product satisfaction; Desktop automation of manual process; to name a few.

    We would typically charge $5k – $10k depending on the size and scope and projects would pay out 70% – 80% of fees to students and faculty in compensation leaving 20% – 30% of fees would be retained in Business Council budget to be allocated by the steering committee as charitable contribution.

    Benefit to Monmouth University:

    Experiential Learning & Actual Experience:

    Students will participate on actual projects and deal with actual deliverables.  They will be involved in the inception of the project, the breaking down of the work and the delivery of a tangible work product.  Few students have the opportunity to work on the full life cycle of this type of project.  The result will be a solid, differentiated work experience on the student’s resume.

    Faculty Exposure to the Commercial Sector:

    Faculty members will have opportunities to engage directly with professionals in the commercial sector; both the Business Council sponsor and the end customer.  This represents an excellent means of collaboration between the commercial and academic communities and a networking opportunity for faculty who have limited exposure to the professional private sector.

    Creation of Economic Value:

    Students and Faculty will be paid to do work.  In addition, net proceeds will go directly to funding Business Council Charitable activities such as student scholarships and awards and faculty research grants.  The amount of funding would be limited only by the scale of participation in the program and the capacity to do more projects.

    University Impact:

    Monmouth University will be recognized for this forward-thinking, commercial-minded program.  It will serve as the cornerstone of experiential learning and create a differentiated opportunity for students which can be promoted in marketing materials and presentations.

    A Pilot was Proposed in Early March with These Objectives:

    • Achieve preliminary buy-in on the pilot and identify inter-university approvals required to proceed – Approved by Richard Veit & Enthusiastically Supported by Patrick Leahy
    • Determine flow of financials to support the pilot – Basic money flows have been determined and in process of setting up additional account in Business Council structure
    • Achieve buy-in from business council and faculty members to participate – 2 Faculty Members on board with pilot participation, many other faculty members have express support/interest
    • Secure commitment from pilot customers and set out detailed timelines to begin – First pilot customer is ready and second is pending internal signoff

    We Need YOUR Help!

    The Business Council members are critical to SCALE this program.  Once we prove the concept this fall semester, there will be a great need for Business Council Member participation.  Near the end of this semester, we will distribute more materials describing the program, how it works, and how companies can engage a BASIC Team – be the ambassadors and get the word out.  We will be looking for additional opportunity, next semester and we need YOU to be on the lookout for appropriate projects to refer to the BASIC Team.  As we scale, we will need more participation from the Business Council Members to support the faculty/student project teams.  This is an ambitious undertaking that is truly differentiated.  Business Council and Faculty support are critical to the success of this program.

  • Business School Update

    The Leon Hess Business School continues to advance our mission of academic excellence and student success while navigating a period of leadership transition. I am pleased to share that we received official confirmation of continued AACSB accreditation for both our BSBA and MBA programs, extending through 2030. This recognition reflects the dedication of our faculty, the talent of our students, and the ongoing support of our community.

    Our faculty distinguished themselves through publications and presentations at national and international conferences, while our students excelled through initiatives such as Hawk Capital, which again outperformed the S&P 500, as well as entrepreneurial activities that highlight their creativity and determination.

    The Center for Entrepreneurship and the Kislak Real Estate Institute delivered impactful programming and expanded community partnerships. Our Summer High School Entrepreneurship Program also experienced significant growth.

    As we celebrate these milestones, I want to extend my appreciation to the Business Council and our many partners who contribute to the strength of the Leon Hess Business School. Your continued guidance and engagement are vital as we prepare our students to lead with purpose in an evolving business landscape.

    Dr. Janeth Merkle
    Acting Dean

  • Monmouth University Reaches New Heights: President Leahy Shares Vision of Excellence and Growth

    At the September 12th Leon Hess Business Council meeting, Monmouth University President Patrick Leahy expressed deep appreciation for the longstanding partnership with the Council and the invaluable student engagement opportunities it provides. Entering his 14th year with renewed energy, President Leahy painted a picture of a university reaching unprecedented levels of achievement and recognition.

    Leahy pointed out that Monmouth has earned the prestigious Carnegie Research classification, joining an elite group of only 500 universities nationwide. This recognition coincides with a clean review from the Middle States Commission, which awarded the University 12 commendations across academic, financial, and co-curricular areas. The University’s exceptional financial health is reflected in its 6.8 Independent Colleges Financial Index score—well above the 3.0 baseline—and zero debt position.

    President Leahy also looks forward to a spotlight on the University to help build its brand and attract top students and faculty.  The ambitious $175 million “Excellence, Access, Ambition” campaign continues to build momentum since launching in December and is focused on accessibility initiatives and other strategic investments to enrich the University’s learning environment. Major investments are transforming the campus landscape, highlighted by the $50 million Bruce Springsteen Archives and Center for American Music, opening spring 2026 and fully grant-funded. Leahy also pointed to the University’s membership in the Coastal Athletic Association for the past 2 years, which has enhanced both competitive opportunities and recruiting capabilities up and down the east coast.

    Record enrollment figures underscore Monmouth’s growing appeal, with 888 first-year students maintaining the highest-ever 3.67 average GPA, and 56% representing first-generation or low-income backgrounds. President Leahy emphasized how this commitment to accessibility aligns with the University’s mission while maintaining academic excellence.

    Leahy admitted he is the envy of his peers as the President of Monmouth University – a growing and thriving center for higher-education that offers unprecedented value for its students. 

  • Message from the Chair: Ain’t it Grand

    “Ain’t It Grand” was our theme for the first Business Council meeting of the 2025/26 academic year.  This was in recognition of our increased membership from last year and exceeding the milestone of 1,000 years of professional experience on the council. We are off to a great start with 7 guests attending the first meeting, expressing high levels of interest in joining our group and contributing to the great work we have been doing for 40 years.  The first meeting was in our new location at 201 Edison Hall and was packed with participants as well as great information for the members, faculty, students and guests.  Dr Patrick Leahy was the keynote speaker and delivered a university update that is covered later in the newsletter.  Several important dates were announced, and these are again summarized in this newsletter for your reference so that you can plan in advance to attend all the events

    Fall is a busy time at the University and it’s also a busy time for the LHBS Business Council.  The Executive Mentoring Program (EMP) is kicking off and we expect that the student/mentor parings and the introduction breakfast occurred in early October.  This program is the centerpiece of our Student Engagement activities and has been recognized by the AACSB Accreditation Board as “Best Practices” for programs of its type.  I appreciate everyone’s participation and enthusiasm about this program.  This Fall, I’ve heard so many great stories from both students and business council members about the fulfilling experiences they have had participating in this program.  Lastly, I would like to welcome our new student assistant, Natalie Brunke.  Our student assistants do so much behind the scenes to make things go smoothly.  We appreciate Natalie’s work so far and look forward to having her assistance this year and beyond.

    Ken Young

  • The 2025 HR Young Lecture

    The H.R. Young Lecture Series, an annual event sponsored by the Leon Hess Business School, has an outstanding track record of bringing the most outstanding people from all walks of life to our university.  This year’s lecture “Building a Global Medtech Leader” featured Mr. Vincent Forlenza, retired Executive Chairman and CEO at Becton, Dickinson & Company.

    The annual H.R. Young Lecture Series sponsored by the Leon Hess Business School was held on April 24, 2025 in the Great Hall Auditorium. Our past two keynote speakers were Mr. Patrick O’Keefe, author of the award-winning book “Empire of Pain” about the Sackler family of Purdue Pharma notoriety exposing the OxyContin epidemic in our country and Mr. Carmine Coppola, Executive Vice President of Sony Music Entertainment.

    Mr. Forlenza spoke about transforming Becton, Dickinson from a medical supplies manufacturer into a global leader in medical devices, diagnostics, and life sciences.

    A Lehigh University alumnus with a bachelor’s degree in chemical engineering and an MBA from the Wharton School of the University of Pennsylvania. Mr. Forlenza also serves as Chairman of the Board for MARAbio Systems (Maternal Auto-Antibody Related Autism) specializing in early diagnosis of autism, and director of MNHI (Maternal Newborn Health Innovations). He is also lead director at Moody’s Corporation and chair emeritus on the Valley Health Systems Board of Trustees.

    There were approximately 150 people in attendance. Several of the business professors brought their night classes to the lecture. There was also support from the School of Science and Nursing. The lecture concluded with a very engaging question and answer session.

    Mr. Forlenza commented, “It is my hope that students interested in careers in both the business and healthcare sectors took away valuable insights”. 

  • Business Council Supports Faculty Research

    The Business Council’s Faculty Support Committee is pleased to announce a successful conclusion to our 2025 Summer Research Grant award cycle.  Read about this year’s grant recipients and how past recipients’ research supports the University.

     This year, thirteen professors (tenured and tenure-track) submitted research grants spanning the business disciplines of Accounting, Economics, Finance / Investment, Management, and Marketing.  All but one proposal constituted new research considered for the first time by the Council’s Faculty Grant panel, and three proposals invited undergraduate and MBA student participation. 

    In all, the Summer Research Grant (SRG) Committee awarded $21,400 to twelve Grant Applicants this year.  Roughly half of the proposals funded have been submitted for academic journal consideration, being in the summary manuscript stage of production.  Research subjects with high potential relate to Sovereign Wealth Fund investment, International Infrastructure Investment impacts, and AI-Generated Marketing Campaign Influence.   

    Also of note, a prior 2023 grant recipient, Dr. Tjeerd Boonman, had an article, “Portfolio capital flows before and after the Global Financial Crisis,” published in the Journal of Economic Modeling.  The research explores how global liquidity since the GFC has influenced emerging market economies, particularly with shifts in risk appetite and the search for investment yield. Through its examination and methodology, its research highlights the sensitivity of overseas capital flows to sentiment changes during times of market dislocation and economic stress. This work is a strong example of cutting-edge faculty research supporting the Business School’s AACSB accreditation and is a point of pride for our SRG Committee members who are pleased to have supported it. 

  • 2025 Business Council Awards

    The Student Engagement Committee recognizes student involvement and performance through our annual Business Council Scholarship and Award Programs. Congratulations to…  

    • Business Council Award for Student Leadership 
      Alana Aufiere 
      Tatiana Romero 
    • Business Council Award for Innovation and Entrepreneurship 
      Molly Alcantara 
      Alexandria Young 
    • Business Council Award for Resilience and Resourcefulness 
      Kevin Zapata Perez 
    • Karl Gordinier, Jr., Award for Community Impact 
      Kiernan Gallagher 

    In addition, we support the University with student scholarships through the Business Council Endowed Scholarship, the Joseph Adelhardt Endowed Scholarship and Annual Scholarships. Each year, we award more than $10,000 to deserving Monmouth University students.  

    Our students are becoming increasingly more aware of these valuable programs as proven by our 50% increase in applicants this year. The committee is tasked each year with reviewing student resumes and reading their personal essays about the award they are applying for in each category. Many of these essays reveal the impressive character of Monmouth students and we are honored to acknowledge the recipients each year.  Scholarship recipients are selected through the University Financial Aid Office. 

  • Member Spotlight: Joe Rice

    The LHBC encourages all members to get involved and engage; it’s what makes our council stronger and more valuable to the students. This Spring, we’re highlighting an exceptionally dedicated, long-time member of the council who has shared his experience and leadership with the students and University for more than 14 years. This is a spotlight on Joe Rice.

    Joe Rice has been a member of the Leon Hess Business Council since 2011. A Monmouth University graduate of 1986, he currently serves as the Chair of the Student Engagement Committee. In his role as Senior Director at Cardcash, Joe brings a wealth of experience in business development and sales across various industries such as retail, financial, and consumer products.

    The Student Engagement Committee, under Joe’s leadership, aims to provide students with networking opportunities, internships, and employment support. They also offer financial assistance to student-led organizations and individual students through awards and scholarships. The committee manages the Annual Student Awards/Scholarships program, awarding over $10,000 annually to deserving business students at Monmouth University. Additionally, they oversee initiatives such as the executive mentoring program and internship program.

    Joe encourages other council members to actively participate in the Business Council committees, emphasizing the diverse skill sets that can benefit students. When asked about his proudest moments and enjoyable experiences as a council member, Joe highlights the rewarding interactions with students through the Mentoring Program and Student Awards. He values the opportunity to engage with students, learn about their backgrounds, and support their professional development.

    Dr. Janeth Merkle, Assistant Dean for Student Engagement, commends Joe Rice for his dedication to the Business Council’s Student Awards and Executive Mentoring Program. She acknowledges his significant impact on students’ professional growth through mentorship and guidance. Dr. Merkle expresses gratitude for Joe’s ongoing support of the Leon Hess Business School and Monmouth University, recognizing his contributions to preparing students for their future careers.