Randy Alsman serves as a Senior Investment Advisor, member of the Investment Policy Committee, and is a Partner. Randy came to Donaldson Capital Management after building a track record of success over 35 years in private industry. Graduating from Ball State University in 1973 with a Bachelors of Science in Accounting, Randy joined the audit staff of Price Waterhouse (now Price WaterhouseCoopers), one of the world’s largest public accounting firms. As part of the firm’s new Indianapolis office, Randy spent more hours than he cares to remember examining the operations and financial statements of successful – and not so successful – businesses.
In 1976, Randy joined the finance staff of Mead Johnson Nutritionals, then a $2 billion wholly-owned subsidiary of Bristol-Myers in Evansville, Indiana. (Bristol-Myers is now Bristol-Myers Squibb and Mead Johnson was spun off from BMY in 2009). During more than 31 years with Mead Johnson and Bristol, Randy was promoted through a number of positions of increasing responsibility in what felt like nearly every department, including two years at Bristol’s New York headquarters directly supporting the Executive Vice President and President, Consumer Group of Bristol-Myers Squibb.
Back in Evansville with MJN, Randy moved through Product Group Marketing Director for Enfamil, MJN’s largest product, District Sales Manager, Director of Regional Marketing, Vice President of Sales, Vice President of Finance and Information Management, Vice President and General Manager of Latin America and Canada, and in 2000, President of Mead Johnson’s $2 billion US business, responsible for the global leadership of Research and Development, Supply Chain, Human Resources, Finance, Information Management, Legal, Public Affairs and other functions.
From 2004 through 2008, Randy also worked for BMY in Princeton, New Jersey with the $8 billion US Pharmaceutical Division, as Senior Vice President of their managed care group. While in New Jersey, Randy led a cross-industry team to create and launch the Partnership for Prescription Assistance (PPA.) Since its launch in 2006, the PPA has provided free or nearly free prescription drugs to over five million uninsured patients throughout the United States.
Eager to start a third career and move back to Evansville near family and long-time friends, Randy retired from Bristol-Myers Squibb in August of 2007. In a turn of events he considers his luckiest, he was able to join Mike Hull – one of those longtime friends he wanted to spend more time with – and the staff of Donaldson Capital Management.
Randy serves as the President of the Evansville Redevelopment Commission, an organization working to continually support growth and economic vitality of businesses in the greater Evansville area. He is also a member of the Board of Trustees for the University of Evansville, and also engages in occasional strategic management consulting assignments. He and his wife, Cheryl, have three adult children: Grant, who lives in Chicago, Blake, & Brooke, who both live in Evansville, and they are the proud grandparents of eight adorable grandchildren.
