Executive in Residence

The Donald McNeely Center for Entrepreneurship
welcomes its first Executive in Residence 

Bill Pelfrey

 

 What is an Executive in Residence?

 

The Donald McNeely Center for Entrepreneurship will be hosting its first Executive-in-Residence program for the 2011-2012 academic year.  The goal of the program is to build on the success of our current alumni mentoring program and deepen the opportunity for student connection through more frequent and informal access to seasoned and accomplished leaders dedicated to sharing their experience and expertise. 

The McNeely Executive in Residence will engage with students, faculty and staff in a range of activities including mentor sessions with students to provide advice on ventures and career opportunities; class presentations and discussions with student groups, faculty and staff; and informal lunches and suppers with students.  The Executive in Residence will also engage with the McNeely Center Advisory Committee on key topics of mutual interest. The Executive in Residence may also use their time on campus towards developing their own new venture as well creating resources for the Center such as articles, videos or related projects that can help students in their lifelong pursuit of entrepreneurship.  

As our first Executive in Residence and a previous Mentor-of-the-Year for the Center, Bill Pelfrey is committed to helping us develop and establish the program and framing it for future generations.  He will be making a substantial contribution of his time on campus and in addition to his office hours Wednesday afternoons at St. John's, he will also be available at St. Ben's from 5-6:30 at O'Connell's Pub for informal conversations and discussions.

 

 Bill Pelfrey

A self-described "George Plimpton of the business world,"  Bill left his traditional  business career in 2006 after nearly two decades of adventurous education to have absolute flexibility over his daily schedule while continuing to do what he has always loved-building new things. He started by pursuing one of his longtime passions, documentary filmmaking, and earned his first producer credit in 2007 for his work on FAT, a PBS documentary produced with Twin Cities Public Television. He is currently a student at the Loft in Minneapolis where he is diligently working to put his stories into print (and catch up with Plimpton). Bill has continued getting his 'fix' of business building through his own company, Red Barn Development LLC, whose goal is to help establish the next generation of  hundred-year enterprises-the barns of the 21st century. After a brief distraction as a board member with several venture-backed and private-equity owned companies in 2008 and 2009, Bill returned to his passion for building something enduring and great and partnered with Consumer's Medical Resource in Massachusetts to expand the company's service for people diagnosed with severe illness to the rest of the world.  Prior to jumping off the train, Bill was at UnitedHealth Group, where he was a senior executive responsible for identifying strategic future-growth initiatives for the company and leading their development. His latest role there was as President of  Consumer Solutions,  United's consumer-focused business unit which included HealthAllies, a provider of discount health services for employers and associations and Definity Health, an early innovator in consumer-directed health plans.  Bill joined UnitedHealth Group in 2001 as President of Optum, a premier provider of decision support services within the Specialized Care Services division. He led the transformation of Optum  from an EAP/Nurseline business into a decision support company with a broad portfolio of services from wellness programs to disease management services. Previously, Bill was a Managing Director with Piper Jaffray, a growth company investment bank. There he led the development and success of Piper's Venture Capital Services Group and was a member of the Investment Committee for Piper's late-stage private equity fund. Bill was at Piper from 1996 until 2001. Early in his career, Bill was a management consultant with Deloitte Consulting's reengineering and change management practice, a group he helped establish. He earned his MBA from Stanford University (where he also took acting and fencing classes) and his B.S. in economics from St. John's University, where he graduated summa cum laude.  Bill lives on a farm in semi-rural Grant, Minnesota with his organic-farmer wife, Rebecca and their 3 children, 4 horses, 18 pigs, 40 sheep and countless chickens (Don't ask about the turkeys). It has become his personal laboratory for educating himself on sustainability and renewable energy as well as the sport of motocross and the art of flying on two wheels.  Bill is an E-Scholar sponsor, an active volunteer at the McNeely Center and was voted Volunteer of the Year in 2009. His time, experience and expertise are very valuable and sought after by the students. We are very thankful to have Bill as our first Executive-in-Residence.