NJIT - PublicInfo: /publicinfo/newsroom/press_releases/release_784.php Rinaldi, a Bridgewater resident who graduated from NJIT in 1968, will be honored during the university’s annual benefit dinner, called Celebration, held Nov. 4, 2005 at the Pleasantdale Chateau, West Orange. Proceeds from the dinner will benefit students enrolled in the Albert Dorman Honors College at NJIT. Many of the students are the first in their families to attend college and rely upon merit and need-based scholarships. The Dorman Honors College, founded in 1995, enrolls more than 500 students who are offered special classes, seminars and colloquia by distinguished professors. The proceeds will endow scholarships to support an additional 100 Dorman students. Dorman’s mission is to transform students into leaders in their fields. “Rinaldi’s career exemplifies leadership, and he is a role model not only for the Dorman students but for the entire student body at NJIT,” said Jacquelynn Rhodes, associate vice president for development at NJIT. In June of 2005 Rinaldi’s career as an entrepreneur in the energy and natural- resource industries reached a pinnacle when he sold Coffeyville Resources, of Coffeyville, Kansas, to another firm at six times its purchase price The transaction was hailed at the time as one of the most profitable in the history of oil refining. Coffeyville’s assets were acquired from the Chapter 11 liquidation of the country’s largest cooperative, Farmland Industries. The assets held little appeal for investors, since oil refiners could not get past the refinery’s erroneous negative reputation. But Rinaldi understood the potential of Coffeyville; he was one of the few entrepreneurs who had the technological expertise to understand the industry. To pursue this acquisition, Phil and his long-time oil trading colleague, Al Kaplan, partnered with Pegasus Capital Partners, a private equity fund that specializes in complex transactions, to form Coffeyville Resources, LLC. The bankruptcy court approved Coffeyville Resources as the bidder and the purchase was approved in 2003. Rinaldi, Coffeyville Resources’ founding CEO, made the firm profitable, establishing early production rates and efficiency records, and implementing a reorganization of the commercial structure in both the refining and nitrogen sectors. Less than 16 months from its creation, Coffeyville Resources, a profitable, $1.8 billion a year business, was sold – at a profit measured in the hundreds of millions of dollars. The story of the acquisition and the sale of Coffeyville embody the characteristics that have typified all of Rinaldi’s entrepreneurial business transactions. He has excelled at seeing value in assets that others have overlooked, finding ways to enhance the value of those assets, and then showcasing them in a way that attracts premium value buyers. Rinaldi’s career began at Exxon, where he gained a comprehensive business foundation and managerial experience in the international oil business. But he attributes much of his success to the stability of his working-class background. He was raised in Belleville, among thousands of post-war families, where immigrant grandparents searched for opportunity and parents weathered the Great Depression and World War II. One of the overarching themes in Rinaldi’s family was the value of hard work and the importance of education. In honor of his parents, Rinaldi has endowed the Louis and Marie Carmella Rinaldi Scholarship, which is given to NJIT students who lives in Belleville. Rinaldi credits his technological expertise in large part to the education he received at the Newark College of Engineering at NJIT, where he earned a bachelor’s degree in chemical engineering in 1968 and a master’s degree in chemical engineering in 1976. During his college years, Phil was an outstanding member of the campus community, displaying his natural ability to lead. He was president of the NJIT class of 1968 and of his fraternity - Theta Chi – as well as president of the Inter-fraternity Council at NJIT. He continues to serve NJIT as an active member of the Board of Overseers, to which he was elected in 1999. He is married to his high school sweetheart, Susan; they have two sons, Marcus and Julian, and one grandchild, Dominic Rinaldi.

NJIT - PublicInfo: /publicinfo/newsroom/press_releases/release_784.php Rinaldi, a Bridgewater resident who graduated from NJIT in 1968, will be honored during the university’s annual benefit dinner, called Celebration, held Nov. 4, 2005 at the Pleasantdale Chateau, West Orange. Proceeds from the dinner will benefit students enrolled in the Albert Dorman Honors College at NJIT. Many of the students are the first in their families to attend college and rely upon merit and need-based scholarships. The Dorman Honors College, founded in 1995, enrolls more than 500 students who are offered special classes, seminars and colloquia by distinguished professors. The proceeds will endow scholarships to support an additional 100 Dorman students. Dorman’s mission is to transform students into leaders in their fields. “Rinaldi’s career exemplifies leadership, and he is a role model not only for the Dorman students but for the entire student body at NJIT,” said Jacquelynn Rhodes, associate vice president for development at NJIT. In June of 2005 Rinaldi’s career as an entrepreneur in the energy and natural- resource industries reached a pinnacle when he sold Coffeyville Resources, of Coffeyville, Kansas, to another firm at six times its purchase price The transaction was hailed at the time as one of the most profitable in the history of oil refining. Coffeyville’s assets were acquired from the Chapter 11 liquidation of the country’s largest cooperative, Farmland Industries. The assets held little appeal for investors, since oil refiners could not get past the refinery’s erroneous negative reputation. But Rinaldi understood the potential of Coffeyville; he was one of the few entrepreneurs who had the technological expertise to understand the industry. To pursue this acquisition, Phil and his long-time oil trading colleague, Al Kaplan, partnered with Pegasus Capital Partners, a private equity fund that specializes in complex transactions, to form Coffeyville Resources, LLC. The bankruptcy court approved Coffeyville Resources as the bidder and the purchase was approved in 2003. Rinaldi, Coffeyville Resources’ founding CEO, made the firm profitable, establishing early production rates and efficiency records, and implementing a reorganization of the commercial structure in both the refining and nitrogen sectors. Less than 16 months from its creation, Coffeyville Resources, a profitable, $1.8 billion a year business, was sold – at a profit measured in the hundreds of millions of dollars. The story of the acquisition and the sale of Coffeyville embody the characteristics that have typified all of Rinaldi’s entrepreneurial business transactions. He has excelled at seeing value in assets that others have overlooked, finding ways to enhance the value of those assets, and then showcasing them in a way that attracts premium value buyers. Rinaldi’s career began at Exxon, where he gained a comprehensive business foundation and managerial experience in the international oil business. But he attributes much of his success to the stability of his working-class background. He was raised in Belleville, among thousands of post-war families, where immigrant grandparents searched for opportunity and parents weathered the Great Depression and World War II. One of the overarching themes in Rinaldi’s family was the value of hard work and the importance of education. In honor of his parents, Rinaldi has endowed the Louis and Marie Carmella Rinaldi Scholarship, which is given to NJIT students who lives in Belleville. Rinaldi credits his technological expertise in large part to the education he received at the Newark College of Engineering at NJIT, where he earned a bachelor’s degree in chemical engineering in 1968 and a master’s degree in chemical engineering in 1976. During his college years, Phil was an outstanding member of the campus community, displaying his natural ability to lead. He was president of the NJIT class of 1968 and of his fraternity - Theta Chi – as well as president of the Inter-fraternity Council at NJIT. He continues to serve NJIT as an active member of the Board of Overseers, to which he was elected in 1999. He is married to his high school sweetheart, Susan; they have two sons, Marcus and Julian, and one grandchild, Dominic Rinaldi. NJIT

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Contact :		Robert Florida
Information :		Public Relations 973-596-5203

Amy Pappas, of Tenafly, To Receive Outstanding Alumna Award from NJIT

NEWARK, Oct. 25

Amy A. Pappas, managing director and chief financial officer for Asset Management America, JP Morgan Chase, will receive New Jersey Institute of Technology’s (NJIT) Outstanding Alumna Award.

Pappas, who graduated from NJIT with a degree in chemical engineering in 1987, will be honored during NJIT’s annual black-tie benefit dinner, called Celebration, scheduled for Nov. 4 at the Pleasantdale Chateau, West Orange. The proceeds from the dinner will endow scholarships for students enrolled in the Albert Dorman Honors College at NJIT. Many Dorman students are the first in their families to attend college, and most rely upon merit and need-based scholarships.

The college, founded in 1995, now enrolls more than 500 students who are offered special classes, seminars and colloquia by distinguished professors. Proceeds from the dinner will endow scholarships for an additional 100 Dorman students. Dorman’s mission is to transform its students into leaders in their respective fields.

“Amy Pappas is an example of an outstanding alumna who has made major strides in corporate America while still finding the time to help NJIT,” said Jacquelynn Rhodes, associate vice president for development at NJIT. Amy is active on the Dorman Honors College advisory board and is a role model for young women who are interested in engineering and finance.”

Pappas, of Tenafly, recently joined the JP Morgan Chase Asset and Wealth Management business as the chief financial officer for Asset Management America. She joined Chase in 2003 as chief financial officer for Personal Financial Services. She has an extensive financial management and strategy background and has worked in a retail investment environment while at Morgan Stanley. Her goal in supporting the business is to ensure executives and managers are provided with innovative and value-added information. In her time at Chase, she has built strong teams and re-engineered the business planning processes.

Prior to joining Chase, Pappas was chief financial officer for U.S. consumer operations at Capital One. She had broad responsibilities and was a key participant in strategic management decisions. She was involved in a variety of accounting and operational initiatives from improving collections of past-due accounts by developing more timely and meaningful reporting, to overall cost reduction initiatives. Pappas held several key jobs at Morgan Stanley Dean Witter from 1990 to 2001.

New Jersey Institute of Technology, the state's public technological research university, enrolls more than 8,200 students in bachelor's, master's and doctoral degrees in 100 degree programs offered by six colleges: Newark College of Engineering, New Jersey School of Architecture, College of Science and Liberal Arts, School of Management, Albert Dorman Honors College and College of Computing Sciences. NJIT is renowned for expertise in architecture, applied mathematics, wireless communications and networking, solar physics, advanced engineered particulate materials, nanotechnology, neural engineering and eLearning.

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