Catherine H. Clark, Faculty Director of CASE and CASE i3
Ranked #4 most influential academic in business and society, as well as one of the top 20 women in the USA working in philanthropy, social innovation and civic engagement, Cathy Clark has helped define and build the fields of impact investing and social entrepreneurship for over 30 years. She has had significant influence on leadership and market formation around how to use business as a force for good. She is also an award-winning professor who has taught at Duke University, UNC, and Columbia Business Schools, who has brought her experiences as a professional investor, philanthropist, and consultant to her academic work. Her focus: developing the mindsets, tools, markets, policies, and practices to drive social and environmental impact at scale.
Cathy serves as Faculty Director at the Center for the Advancement of Social Entrepreneurship (CASE) at Duke University’s Fuqua School of Business and as Founding Director of the CASE i3 Initiative on Impact Investing. At CASE i3, she has managed research projects with over 200 partner institutions, and oversees the CASE i3 Consulting Practicum, which has matched over 30 teams of MBAs with impact investing organizations around the world. At Duke, she also co-leads the Social Entrepreneurship Accelerator at Duke (SEAD), which started as an accelerator working to scale impact of mid-stage global health ventures in India and East Africa in partnership with USAID’s Global Development Lab Higher Education Solution Network, and is now producing research and educational experiences for funders, governments, entrepreneurs, and others.
Cathy is a serial entrepreneur, collaborative partner, and pioneering influencer. She looks for ways to create “impact DNA” to help people and organizations build their own adaptive solutions to social and environmental problems at scale. In 2001, she taught Columbia Business School’s first course in social entrepreneurship, where she became Faculty Director for the Global Social Venture Competition, and created methods for measuring impact by enterprises used by over 50 MBA programs globally within a few years. In 2007, she helped create the standards for B Corporations, which have been used by over 50,000 companies globally, including the thousands of companies who are now certified or legally incorporated as B Corporations or public benefit corps, including 6 divisions of Unilever, Danone North America, and Patagonia. In 2011, she founded CASE i3 at Duke’s Fuqua School of Business as the first academic initiative focused on impact investing, so she could deepen her engagement and research on portfolio, fund, and deal structures in investing for impact, and help direct a new wave of prepared talent into the emerging field. In 2013-2014, all of this work expanded significantly in scope; in two years she served as the sole academic member on the G8 Task Force on Social Impact Investing US National Advisory Board, co-authored with Jed Emerson and Ben Thornley the first global study on high performing impact investment funds, and was subsequently invited by the Obama White House Office of Social Innovation and Civic Engagement to study and report on $2.5 billion in new private sector impact investments. Today, alumni from CASE i3 are embedded into institutions all over the world.
Cathy gets her ideas into the world in many ways, and fully exploits social media and online platforms. She has written or co-authored over 35 publications and is a dynamic, sought-after speaker. Her co-authored book, The Impact Investor, reached #18 in finance textbooks on Amazon. Her 10 co-authored teaching case studies on high-performing impact funds help students globally understand the success factors for impact funds. Her online training series, CASE Smart Impact Capital, is a professional training series in continuous use since 2017, licensed by over 60 accelerator, government, fund, and university cohorts, and has helped entrepreneurs in 130 countries raise impact investment capital more easily. She is also a co-author of CASE’s ScalingPathways series, developed in partnership with leading social entrepreneurship funders — the Skoll Foundation, USAID, and MercyCorps — to study and share lessons from the common challenges that very successful social entrepreneurs have overcome.
Cathy teaches executive education programs for investors and entrepreneurs, most recently through CASE’s highly rated Getting Gender Smart executive education program co-taught with Suzanne Biegel of Catalyst at Large, which offers a certificate on investing with a gender lens, in addition to her the daytime MBA elective courses, which she has taught continuously since 2001.
Prior to her academic career, Cathy was an impact investor at Flatiron Partners, a grantmaker and PRI investor at the Markle Foundation, and a policy convener at the Aspen Institute. She remains very involved on corporate and nonprofit boards. She holds an MBA from Columbia Business School and a BA from the University of Virginia, and tweets at @cathyhc.
John M. Buley, Jr., Advisory Board Chair
John M. Buley, Jr. is Professor of the Practice of Finance at Duke University’s Fuqua School of Business, and Advisory Committee Chair of the Center for the Advancement of Social Entrepreneurship Impact Investing Initiative. In 2012, John retired from JP Morgan, where he was Head of Principal Investing for Social Finance. As a unit of JP Morgan’s Investment Bank, the Social Finance Group is responsible for investing JP Morgan’s capital commitment of $100mm in impact investments in the Emerging Markets. Prior, John was Chairman and Head of the Investment Committee of JPM Mezzanine Capital, a proprietary investment strategy focused on subordinated debt and equity co-investment for mid-cap U.S. and European companies. JPM Mezzanine Capital invested over $1bn in over 40 private companies in the U.S. and Europe during his tenure. John has held Board of Director responsibilities or Board observer rights for over 20 private U.S. companies. John started his career as an attorney in the banking practice of White & Case. John earned a J.D. from Temple University and an LL.M in International Taxation from Villanova University. John is a member of the New York Bar and admitted to practice in U.S. District Court for the Southern District of New York.
Carrie Gonnella, Senior Program Director, CASE i3 and SEAD
Carrie Gonnella is Senior Program Director of the CASE Initiative on Impact Investing (CASE i3) and Social Entrepreneurship Accelerator at Duke (SEAD). As Program Director for CASE i3, Carrie helps manage partnerships, engages stakeholders to define the future strategic direction of CASE i3, and works with CASE i3 student Fellows and Associates. For SEAD, Carrie supports global health innovators to help them scale their impact, and helps manage the impact investing pipeline for SEAD entrepreneurs. Carrie received her Master of Business Administration and her Master of Environmental Management from Duke University. Before joining CASE i3 and SEAD, Carrie worked for B Lab managing the assurance process for certified B Corporations. Carrie has also served as an Environmental Defense Fund Climate Corps Fellow and a Teach For America Corps Member in the Bay Area of California. Follow Carrie on Twitter @CarrieGonnella.
David Robinson, Research Director of CASE i3 and Professor of Finance
David Robinson is a Professor of Finance and the William and Sue Gross Distinguished Research Fellow at the Fuqua School of Business. He is also a Research Associate at the National Bureau of Economic Research and an Associate Editor at the Review of Financial Studies. He earned his PhD and MBA degrees at the University of Chicago, and in addition earned a Master of Science in Economics from the London School of Economics. He is an expert in corporate finance and entrepreneurial finance. His research has appeared in top journals in economics and finance, including Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Financial Management, Journal of Law and Economics, and has been covered widely in the media. He teaches in a number of the school’s programs, and is a past winner of the Daimler- Chrysler Award for Teaching Excellence.
Ronnie Chatterji, Associate Professor of Strategy
Aaron “Ronnie” Chatterji, Ph.D. is an Associate Professor at Duke University’s Fuqua School of Business and co-author of Can Business Save the Earth?: Innovating our Way to Sustainability, released in May, 2018. From 2010-2011, he served as a Senior Economist at the White House Council of Economic Advisors (CEA) where he worked on a wide range of policies relating to innovation, entrepreneurship, infrastructure and economic growth. His research and teaching investigate some of the most important forces shaping our global economy and society: entrepreneurship, innovation, and the expanding social mission of business. He is especially interested in the fluid boundaries between government and business, and how public policies interact with the activities of responsible companies, social entrepreneurs, and creative customers. He is faculty affiliate of the Health Sector Management program, the Center for Entrepreneurship and Innovation, and the Center for Energy, Development and Global Environment at Duke University.
Rick Larson, Adjunct Professor and ShadeFund Director; NC Program Director, Natural Capital Investment Fund; Director of Sustainable Ventures, The Conservation Fund
Rick joined The Conservation Fund in 2007 to assist with TCF’s natural resource-based business lending programs. As ShadeFund Director, he heads up ShadeFund’s lending activities nationwide, working with potential borrowers and preparing recommendations for the ShadeFund Loan Committee. He is also NC Program Director for the Natural Capital Investment Fund (www.ncifund.org), The Conservation Fund’s business lending arm that provides patient capital to triple-bottom-line natural resource-based businesses in six Southeastern states. His prior experience includes: Managing Director of SJF Ventures, a $45 M mission-driven venture capital fund based in Durham, NC; National Director, REAL Enterprises, a nationwide entrepreneurship education program for rural youth and adults; and shop floor supervisor and financial controller for the Cummins Engine Co. He is an Adjunct Professor at Columbia Business School and UNC Chapel Hill’s Kenan-Flagler Business School, where he teaches courses on Impact Investing and Financing Social Ventures. He serves on the Board of Fair Trade USA, which certifies Fair Trade products in the US. Rick lives in Durham, NC with his wife Gair and is the proud father of two sons, Justin (a St. Olaf College sophomore) and David (a 7th grader). He earned an MBA from the Yale School of Management and a BA in History and French from Amherst College.
Erin Worsham, Executive Director, CASE
Erin L. Worsham is Executive Director of Fuqua’s Center for the Advancement of Social Entrepreneurship (CASE). She guides the overall strategy and day-to-day operations of CASE, oversees CASE programs, including the CASE Fellows Program, and is responsible for all marketing and communications efforts. Erin was formerly Sector Director, Social Impact & Sustainability at the Career Management Center at Duke University’s Fuqua School of Business. In this role, Erin was responsible for advising students on careers in the social impact and sustainability fields, building and maintaining relationships with strategic partners in these fields, and developing programming to prepare Duke MBAs to have the greatest impact in their careers. Erin brings a unique combination of nonprofit, private and public sector experience to Fuqua. She was an Associate with Booz Allen Hamilton where she led organizational design, strategic planning and business process engagements for federal government and nonprofit clients. In addition to her work at Booz Allen, Erin has consulted with and helped lead nonprofit organizations and social enterprises both in the United States and abroad, developed public-private partnerships at the U.S. Agency for International Development and worked on private sector development issues at the World Bank/International Finance Corporation. Erin earned her BA in Environmental Science and Policy from Duke University and her MBA from the Stanford University Graduate School of Business. Follow Erin on Twitter @ErinWorsham.
Robyn Ferhman, Director of Programs, CASE
As Director of Programs, Robyn Schryer Fehrman manages the Social Entrepreneurship Accelerator at Duke (SEAD) and supports overall CASE strategy and operations. Through SEAD, CASE partners with global health organizations, Duke researchers, faculty, and students, USAID and others to build the capacity of global health enterprises to increase their effectiveness, sustainability, and scale of impact. Prior to joining CASE, Robyn had a 15-year career in nonprofit leadership & philanthropy, most recently serving as Executive Director of Teach For America – Eastern North Carolina. Robyn has been active in many boards and task forces focused on education, public health, and environmental advocacy at the local, state, and national levels. She currently serves on the Advisory Board of MyHealthEd, a social enterprise focused on delivering comprehensive online health education to students in rural communities. In 2009, she was honored as one of Triangle Business Journal’s 40 Leaders Under 40. Robyn received a B.A. in English and a Master of Public Administration from the University of North Carolina at Chapel Hill. She lives in Durham with her husband and two children. Follow Robyn on Twitter @RobynFehrman.
Kimberly Bardy Langsam, Senior Program Director, CASE and SEAD
Kimberly Bardy Langsam works from CASE as the Senior Program Director of the Social Entrepreneurship Accelerator at Duke (SEAD), as well as with CASE and CASE i3 on online learning initiatives. Kim manages the research and evaluation agenda for SEAD, working with faculty, staff, and students to build the knowledge base around scaling innovations in global health. Additionally, Kim oversees SEAD’s student engagement activities, working with a student advisory council to identify ways to inspire and engage the next generation of development professionals who will bring innovative thinking to their work. Kim was previously a Health Development Officer in the Office of HIV/AIDS at USAID where she worked on PEPFAR’s supply chain management initiatives and worked closely with USAID Missions and multilateral partners. Kim has a BA from the University of Pennsylvania, and an ScM from the Harvard School of Public Health.
Ruth Tolman, Assistant Director, Student Services
Ruth Tolman is the Assistant Director of Student Services for the Daytime MBA Program. Her primary responsibilities include working with student club leadership, advising the Net Impact Club especially, and administering select programs that enhance the social impact dimension of the MBA student experience. Ruth began her work at Fuqua in 2007, working as Program Manager and later, Assistant Director of The Center for the Advancement of Social Entrepreneurship (CASE). In her role at CASE, Ruth similarly supported the Daytime MBAs interested in social impact with advising, program, and event management related to social entrepreneurship. Prior to coming to Fuqua, supported MBA programming at the UNC Center for Sustainable Enterprise (CSE) at the Kenan-Flagler Business School. Ruth has a B.S. in biochemistry from Brigham Young University.
Jessica Wingert, Sector Director for Social Impact & Sustainability Careers
As the Sector Director for Social Impact & Sustainability sector careers at Fuqua School of Business, Jessica coaches students and develops relationships with employers across many industries in “impact” sectors–from sustainability to impact investing, education, philanthropy, corporate social responsibility, impact consulting, and more. Having been a practitioner, a recruiter, and an MBA student, Jessica brings her experience and understanding of the sector to guide Fuqua students to evaluate impact career options and develop recruiting strategies. Well-versed in the custom job search, Jessica helps students add structure to an often unstructured job search, helping each student to find the role and organization that offers the best fit.
Jessica graduated from Fuqua’s Daytime MBA program in 2014, where she concentrated in Energy & Environment. Prior to getting her MBA, Jessica was a supply chain & procurement consultant, where she a managed global client and project teams and co-led her company’s on-campus recruiting program. After Fuqua, Jessica built the operational sustainability program for a Fortune 200 food and agriculture company as their first Sustainability Manager. She holds a BS in Marketing from Georgetown University and an MBA from Duke. Email Jessica or Read her post: Why MBAs should consider social impact and sustainability in their career planning .