Koch Industries opens doors to Student Fellows
March 18, 2013
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March 14, 2013 – The Student Fellows of the Center for Risk Management Education and Research (CRMER) visited Koch Industries, Inc. in Wichita, Kan. on March 8, 2013. They met with Dan Solomon, chief risk officer; Jeff Parke, senior director of risk management; Steve Packebush, president Koch Nitrogen and K-State alumnus; Marty Albright, vice president strategic planning and business development and K-State alumnus; and Don Weaver, chief risk officer Koch Fertilizer. The students also enjoyed a luncheon discussion with several other risk managers from Koch.
The Student Fellows learned about the multi-dimensional complexity of managing risk at Koch Industries. Experiencing Koch’s market-based management and the continuous emphasis on “optionality” by Koch highlighted the day-long event. They also became aware of how important it is to determine the risk potential of alternative investments and not to dwell on occasional losses that will inevitably occur in risky ventures. The key risk management issue was not having large adverse surprises. Special emphasis on Koch Nitrogen company growth, challenges, opportunities and risk management were also discussed.
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