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Juniata Business Professor Talks on CEO Succession

(Posted January 6, 2003)

HUNTINGDON, Pa. -- Michael Frandsen, assistant professor of business administration at Juniata College, will give a tallk on "CEO Succession and Stockholder Reaction" as part of the Bookend Seminar lecture series at 4:30 p.m., Wednesday, Jan. 15 in the Neff Lecture Hall in the von Liebig Center for Science.

The lecture is free and open to the public. The Bookend Seminar series features afternoon lectures each month by Juniata College faculty.
Frandsen's talk will focus on how the perception of corporate chief executive officers (CEOs) has changed from somewhat anonymous business leaders to celebrity status. Frandsen will talk about how businesses must think about how the departure of a current CEO and the hiring of a new executive can affect the compay's strategic management plan. Frandsen will explain how the stock market reaction to the hiring of a new CEO may alter investor's expectations about the future performance of the new CEO's firm.

Frandsen joined the Juniata faculty as an assistant professor of business administration in 1999. He received a bachelor's degree in finance and a master's degree in business administration from Penn State University. He earned a doctorate in strategic management from the University of Texas at Austin.

Before coming to Juniata, Frandsen was an instructor for an advanced financial management seminar in the M.B.A. program at St. Edward's University, Austin, Texas. He also worked as an adjunct faculty member at Penn State, where he taught both undergraduate and graduate finance courses.

Before starting his academic career, Frandsen worked as finance manager for Nortel Networks. He also served as materials manager and supervisor of business planning and reporting for the Chemcut Equipment Group of Atotech USA, Inc.

Contact John Wall at wallj@juniata.edu or (814) 641-3132 for more information.