Pacemaker Awards to honor local executive, outstanding UT business students

March 25, 2015 | Events, UToday, Alumni, Business and Innovation
By Bob Mackowiak

The University of Toledo College of Business and Innovation and the Business Engagement and Leadership Council will recognize both business and academic excellence during its 52nd annual Pacemaker Awards Friday, March 27, at the Inverness Country Club.



The 2015 recipient of the Business Pacemaker Award is Steven M. Cavanaugh, executive vice president and chief operating officer, HCR ManorCare Inc. in Toledo.

In his capacity as chief operating officer at HCR ManorCare, Cavanaugh has oversight responsibility for all of the company’s day-to-day operations as well as the company’s public policy and government relations activities. He also serves as a member of the company’s board of directors.

HCR ManorCare is a post-acute health-care services company that operates skilled nursing facilities, assisted living facilities, home health and hospice agencies, and outpatient rehabilitation. It does business in more than 500 locations nationwide and has nearly 60,000 employees who provide care to some 200,000 patients annually.

A native of Cuyahoga Falls, Ohio, Cavanaugh earned a bachelor’s degree in finance, magna cum laude, from The University of Toledo. He was appointed to The University of Toledo Board of Trustees by Ohio Gov. John Kasich in April 2014 and is also former chairman of the Business Advisory Council for the UT College of Business and Innovation.

Cavanaugh and his wife, Tiffany, reside in Holland, Ohio, and are the parents of two children.

“Recipients of the Pacemaker Award over the past five decades read as a who’s who of current and legendary business leaders in the Toledo region, and Steve certainly belongs in that impressive roster,” said Dr. Gary Insch, dean of the UT College of Business and Innovation. “The Pacemaker Award is the college’s highest honor, recognizing an individual for outstanding achievement in business as well as contributions to the community and the University. His highly successful career, outstanding leadership and tremendous generosity make him the ideal business professional to receive this year’s award.”

Insch added, “Steven and Tiffany are generous supporters of the college and have enabled the college to pursue new initiatives. They also have recently established an endowed fund to provide scholarships, which are vital to attracting talented honor students to the college. It is a gift that will impact generations to come.”

Student Pacemaker Awards are presented to UT College of Business and Innovation graduate and undergraduate students for their outstanding academic achievement, University and community service, and leadership.

The 2015 student Pacemakers are: Applied Organizational Technology — Jessie Instone; Accounting — Lindsey Shepherd and Wenchao Li; Finance — James Spieth and James McSherry; Information Operations Technology Management — Amanda Bleasdale and Alexa Jarrett; Management — Jake Tullis and Christina Koepke; Marketing/International Business — Elizabeth Weiler and Alexandra Orr; MBA — Deanna Bobak and Katie Griggs; and PhD — Canchu Lin.

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