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Distinguished Citizens Award Dinner To Benefit Ramapo College Students, Programs And Faculty

(PDF) (DOC) (JPG)February 6, 2002

Senator Jon S. Corzine, Edward (Ned) B. Lipes, Michael J. Regan and Carol D. Schaefer are Honorees

(Mahwah) – The Ramapo College Foundation’s 2002 Distinguished Citizens Award Dinner, to be held Saturday, March 2 at the Rockleigh Country Club will honor four distinguished citizens for their leadership and commitment to higher education: U.S. Senator Jon S. Corzine; Edward (Ned) B. Lipes, group president of Howmedica Osteonics Corp.; Michael J. Regan, vice chairman and the chief administrative officer (CAO) of KPMG LLP; and Carol D. Schaefer, a psychotherapist and 1984 graduate of Ramapo. Additional highlights of the evening include entertainment by the Bud Maltin Orchestra and a silent auction. The annual benefit dinner raises funds for student scholarships, college programs and faculty development opportunities.

The evening will begin with a cocktail reception at 6 p.m., followed by the dinner program, entertainment and dancing. Black tie is preferred. For more information, please contact Lucille O’Connor-Flynn at (201) 684-7613.


Jon S. Corzine was elected to his first term in the United States Senate in November 2000 after a long and successful career as an investment banker. The former co-chairman and co-chief executive officer of Goldman Sachs graduated Phi Beta Kappa from the University of Illinois in 1969. Following graduation, he enlisted in the U.S. Marine Corps Reserves. After his duty was complete he began his career in finance, working as a portfolio analyst at a national bank in Chicago. In 1973 he received his MBA from the University of Chicago and went to work at Bank Ohio.

In 1975 he was hired as a bond trader at Goldman Sachs in New York and in 1980 was named a partner. In 1984 he became chairman and CEO, eventually transforming the company from a private partnership to a public company. During his leadership at Goldman Sachs Fortune magazine named the company one of the 10 best companies in America. Time magazine named him one of the top 50 technology executives in the country in 1997. Also that year, President Clinton named Senator Corzine the chairman of a presidential commission to study capital budgeting as a means of increasing federal investment in technology infrastructure and schools.

Senator Corzine has been personally involved in a number of community and philanthropic programs. He co-chaired the Summit Area YMCA Second Century Campaign, which helped rebuild his hometown’s Y. He also served as a director of Family Services of Summit, and was a member of the fund-raising board of Overlook Hospital in Summit. He is a member of the board of trustees of the New Jersey Performing Arts Center in Newark and the Kennedy Center for the Performing arts in Washington, D.C. Senator Corzine and his family reside in Summit.


Edward (Ned) B. Lipes is group president of Howmedica Osteonics Corp., a division of Stryker Corporation. Under his leadership, Howmedica Osteonics has become one of the most profitable of Stryker Corporation’s nine divisions and is currently marketing products in more that 40 countries worldwide. Lipes was named president of Howmedica Osteonics in 1998, when Stryker acquired Howmedica from Pfizer Inc. to merge with Osteonics, the orthopedic implant company that Stryker had previously purchased in 1979. Lipes was responsible for integrating Howmedica and Osteonics into one cohesive unit, introducing several highly successful products to the orthopedic marketplace and elevating the company’s service to world-class levels. In 1998, Howmedica Osteonics’ Allendale, New Jersey – based manufacturing facility was cited as one of the nation’s “Best Plants” by Industry Week magazine.

Under his leadership, Osteonics developed and launched several successful best-in-class products including the Scorpio Knee System, which has provided patients with a greater range of motion, quicker rehabilitation, and reduced pain levels. Osteonics was also the first company to market Hydroxlyapatite (HA) coating for hip implants in the U.S. These implants have helped thousands of total hip replacement patients return to daily living activities after surgery.

Lipes is currently chairman of the Board of Directors of the New Jersey Chapter of the Arthritis Foundation. He is also a board member of the Ramapo College Foundation and is on the Steering Team of the Healthcare Institute of New Jersey. He holds an M.B.A. from the Harvard Business School and a Bachelor of Business Administration degree from Colby College in Waterville, Maine. In his spare time, he enjoys golf, skiing and time with his family.


Michael J. Regan is a vice-chairman and the chief administrative officer (CAO) of KPMG LLP, a leading provider of accounting and tax services. He was appointed to this role in November 1996 and is responsible for implementing the firm’s shared services strategy by centralizing existing infrastructures in one national headquarters. The role includes re-engineering critical processes for marketing, finance, human resources, technology and most other administrative support services as well as implementing key firm-wide human resources and technology programs. He oversees all of KPMG’s support services from the Montvale office. Regan also is a member of the firm’s Management Committee.

Regan led KPMG’s successful effort in a competitive proposal for the worldwide examination of Westinghouse Corporation (CBS Corporation) and he presently serves as lead partner on a number of other prestigious multinational clients including Revlon Inc., Hasbro Inc., and J.M. Huber Corporation. He previously was the partner in charge – Operations and Specialized Services within the Manufacturing, Retailing and Distribution line of business, and a member of the MR&D Leadership Team. He also served on the firm’s board of directors, as well as on its Strategy Committee and Audit and Finance Committee. He was previously partner in charge of the New York audit practice, the largest in the firm.

Regan joined the firm in 1962 and was elected to the partnership in 1975. He received a Bachelor of Business Administration degree from Manhattan College and served four years as a line officer in the U.S. Navy. He is active in community, professional and alumni leadership roles. Among them, he serves on the advisory councils to the Manhattan College School of Business and to the Inner-City Scholarship Fund. He has served on Bergen County’s United Way Board of Directors since 1997 and in January 2001 was elected to a two-year term as board chairman. He also served on its Executive Committee and was chairman of the 1999 Campaign.

Regan and his wife, Renee, have two daughters and reside in Demarest.


Carol Schaefer is a 1984 graduate of Ramapo College with a Bachelor of Science in Psychology degree with honors who went on to earn a master’s at Columbia University School of Social Work. She completed a post-graduate program in family therapy at the Philadelphia Child Guidance Clinic of the University of Pennsylvania.

Schaefer, a psychotherapist who maintains a private practice in Ridgewood, for many years was a clinical instructor at the Yale University Child Study Center, where she supervised and taught master’s level psychotherapists who practiced at the Child Study Center Clinic.

Active in her field, Schaefer is on the Board of Directors of the New York Psychoanalytic Foundation and the Perceptual Institute of New York. In addition, she was just appointed to the National Foundation for Education Reform. She was awarded the President’s Award of Merit at Ramapo’s 1997 Commencement ceremonies. Her interest in music has led to her being named chairman of the New York Philharmonic Patrons Tours.

In appreciation to the faculty at Ramapo Schaefer set up a Human Services Scholarship Award given to outstanding students to encourage them to go on to graduate school. She said when she attended Ramapo she saw many promising students who were working several jobs and achieving honor grades. They valued their education and really wanted to make a contribution in the social service field and society as a whole.

Schaefer lives in Franklin Lakes with her husband, Chuck. She has three children, Carolyn, Betsy and Charles, and two grandchildren, Rachel and Zachery.


About Ramapo College

Ramapo College of New Jersey is the state’s premier public liberal arts college and is committed to academic excellence through interdisciplinary and experiential learning, and international and intercultural understanding. The comprehensive college is situated among the beautiful Ramapo Mountains, is within commuting distance to New York City, was named one of the 50 Most Beautiful College Campuses in America by CondeNast Traveler, and boasts the best on-campus housing in New Jersey per Established in 1969, Ramapo College offers bachelor’s degrees in the arts, business, data science, humanities, social sciences and the sciences, as well as in professional studies, which include business, education, nursing and social work. In addition, the College offers courses leading to teacher certification at the elementary and secondary levels, and offers graduate programs leading to master’s degrees in Accounting, Applied Mathematics, Business Administration, Contemporary Instructional Design, Computer Science, Creative Music Technology, Data Science, Educational Leadership, Nursing, Social Work and Special Education, as well as a Doctor of Nursing Practice.


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