Peter Rodriguez, dean of Rice University’s Jones Graduate School of Business and the Virani Undergraduate School of Business since 2016, today was named the 15th president of Wake Forest University in Winston-Salem, North Carolina. He will begin his new role July 1.
Chris Stipes
Peter Rodriguez, dean of Rice University’s Jones Graduate School of Business and the Virani Undergraduate School of Business since 2016, today was named the 15th president of Wake Forest University in Winston-Salem, North Carolina. He will begin his new role July 1.
During nearly a decade at Rice, Rodriguez led a period of significant growth and transformation for Rice Business, expanding enrollment, increasing faculty hiring and launching new academic programs while elevating the school’s national and global reputation.
Under Rodriguez’s leadership, MBA enrollment doubled, tenure-track faculty grew by more than 40% and Rice launched its first online graduate degree program. He also introduced a hybrid MBA program, oversaw the renovation of McNair Hall, helped break ground on a new state-of-the-art business school facility scheduled for completion this fall and welcomed the Virani School as the home for Rice’s undergraduate business programs.
Rodriguez also expanded entrepreneurship initiatives, integrated global field experiences into the MBA curriculum and developed a relationship with the Consortium for Graduate Study in Management.
“Peter Rodriguez has been a transformative leader for Rice Business and our university,” Rice President Reginald DesRoches said. “Under his ambitious, steady guidance, the school significantly expanded its size and national and global reputation, launched innovative new programs, strengthened entrepreneurship and experiential learning opportunities and created pathways for many more students to access a world-class business education. We are deeply grateful for Peter’s vision, energy and inspiring commitment to excellence, and while we will miss him at Rice, we know Wake Forest University will benefit tremendously from his leadership and wisdom.”
An economist and professor of strategic management, Rodriguez was named dean of the year by Poets&Quants in 2025. He guided Rice Business through several major challenges during his tenure, including hurricanes, freezes, floods and the COVID-19 pandemic, while fostering a culture centered on being attentive, responsive and kind.
“We are deeply grateful for Peter’s steady, thoughtful and ambitious leadership at Rice Business,” said Robert T. Ladd ’78, chairman of the Rice Board of Trustees and a former chairman of the Council of Overseers for the Jones Graduate School of Business. “He has laid a strong foundation for the future of the school, its students, faculty and staff and the important role it plays for Houston, the state and the broader world. On behalf of the board of trustees, we wish Peter and Kathleen all the best and know he will make a great impact as the president of Wake Forest.”
Rodriguez has also played an active leadership role beyond the university. He currently serves on the Houston Branch board of directors for the Federal Reserve Bank of Dallas, where he contributes insights on regional economic conditions. He has also served on the boards of Good Reason Houston, Strake Jesuit College Preparatory and Texas 2036.
“Rice Business has been an incredibly meaningful part of my life for 10 years, and I am deeply grateful for the talented faculty, staff, students, alumni, board of advisors members and partners I worked with every day,” Rodriguez said. “The school is larger, stronger and more visible than it was a decade ago, a reflection not only of the business school community but of Rice University’s extraordinary culture of excellence and collaboration. I am excited to carry those lessons with me to Wake Forest, a university I have long admired for its commitment to students, scholarship and meaningful engagement with the world.”
“We are proud of Peter and excited for his new opportunity to lead a top private university, though we will certainly miss his ambitious yet deeply thoughtful and inclusive leadership at Rice Business,” said Amy Dittmar, the Howard R. Hughes Provost and executive vice president for academic affairs.
Rice will launch an international search for the next dean of Rice Business this summer. Dittmar has appointed Jeff Fleming, the Fayez Sarofim Vanguard Professor of Finance and director of the doctoral program, as interim dean. Fleming has been part of the Rice faculty for more than 30 years and has served in multiple senior leadership roles at Rice Business, including associate dean, senior associate dean and deputy dean.
Rodriguez’s final day at Rice will be June 5. He holds a bachelor’s degree in economics from Texas A&M University and earned both his master’s degree and doctorate in economics from Princeton University.
Peter Rodriguez, dean of Rice University’s Jones Graduate School of Business and the Virani Undergraduate School of Business since 2016, today was named the 15th president of Wake Forest University in Winston-Salem, North Carolina. He will begin his new role July 1.
The Board of Trustees of Wake Forest University announced the appointment of Peter Rodriguez as the University’s 15th President. A distinguished economist and transformative academic leader, Rodriguez currently serves as the dean of Rice University’s School of Business. He will begin his presidency at Wake Forest on July 1, 2026.
Congratulations to Rice Business professor Diana Jue-Rajasingh on being named to Poets&Quants’ 2026 40-Under-40 list, recognizing her innovative teaching and research that help students think critically and lead through uncertainty.
The Board of Trustees of Wake Forest University announced the appointment of Peter Rodriguez as the University’s 15th President. A distinguished economist and transformative academic leader, Rodriguez currently serves as the dean of Rice University’s School of Business. He will begin his presidency at Wake Forest on July 1, 2026.
Congratulations to Rice Business professor Diana Jue-Rajasingh on being named to Poets&Quants’ 2026 40-Under-40 list, recognizing her innovative teaching and research that help students think critically and lead through uncertainty.
Avery Ruxer Franklin
In Diana Jue-Rajasingh’s classroom at Rice University, students debate difficult organizational dilemmas with no easy answers. They examine business decisions through human, cultural and ethical lenses. They talk about uncertainty, trade-offs and leadership under pressure. Somewhere in the middle of those conversations, students often realize they are learning something larger than strategy itself: how to think critically and make decisions when the outcome is unclear.
“Diana has a remarkable ability to challenge students while also making them feel genuinely supported,” said Peter Rodriguez, the Houston Endowment Dean of Rice Business. “She brings energy, empathy and intellectual rigor into every interaction. This recognition speaks not only to her scholarship and teaching but to the lasting impact she has on the people around her.”
Since joining Rice Business, Jue-Rajasingh has become known for a teaching style both that is both interactive and intensely practical. In her MBA strategy courses, students are pushed beyond simply applying frameworks toward making and defending decisions under uncertainty. Her classes often revolve around structured debate, live cases and real-world simulations where students must articulate assumptions, weigh trade-offs and think through consequences in real time.
A signature assignment even asks students to apply strategy frameworks to consequential decisions in their own lives — from career pivots to industry transitions — reinforcing her belief that strategy is not just a business tool but a broader way of thinking.
Students in the Jones Graduate School of Business and the Virani Undergraduate School of Business describe Jue-Rajasingh’s classroom as an environment where every voice matters, where difficult conversations are encouraged and where curiosity is rewarded.
“Diana is the kind of professor who makes you feel like the material matters because to her, it does. She asks hard questions, she doesn’t let you off the hook with a vague answer, and somehow, she does all of that while making you feel supported rather than put on the spot,” MBA student Bukky Odumosu said. “I’ve caught myself using the way she thinks through problems in real conversations, long after class has ended.”
Colleagues similarly point to her generosity as a mentor and her ability to help students develop confidence in their own thinking.
“Diana represents the very best of modern business education and Rice Business — an accomplished researcher and a thoughtful mentor. Her real-world experience gives her teaching extraordinary depth and relevance,” said Laszlo Tihanyi, the William Alexander Kirkland Professor of Strategic Management and area coordinator for strategy and environment.
Before earning her doctorate from the University of Michigan, Jue-Rajasingh co-founded a social enterprise focused on improving the distribution of life-enhancing technologies in rural India. Through that work, she helped address challenges surrounding the adoption of clean energy products, agricultural technologies and household innovations in low-income communities.
Rather than focusing solely on how large corporations compete, Jue-Rajasingh studies how new ventures and emerging industries gain legitimacy in environments where institutional infrastructure is limited and entrepreneurs often face significant barriers. Her research spans emerging markets in India and Africa and examines innovations ranging from smoke-reducing cookstoves and biodegradable sanitary products to recycling platforms and community-based entrepreneurship. Jue-Rajasingh’s contributions have earned her recognition as a Forbes “30 Under 30” social entrepreneur and as an Echoing Green Fellow.
Her work has appeared in leading academic journals, including Organization Science and Strategic Management Journal. It has also been recognized by organizations including the Strategy Research Foundation, Kauffman Foundation and Responsible Research in Business and Management.
“This recognition reflects the kind of transformational teaching happening across Rice Business,” Rodriguez said. “Our students are learning from faculty who are not only outstanding scholars but extraordinary mentors and educators. Diana embodies that spirit completely.”
Peter Rodriguez, dean of Rice University’s Jones Graduate School of Business and the Virani Undergraduate School of Business since 2016, today was named the 15th president of Wake Forest University in Winston-Salem, North Carolina. He will begin his new role July 1.
The Board of Trustees of Wake Forest University announced the appointment of Peter Rodriguez as the University’s 15th President. A distinguished economist and transformative academic leader, Rodriguez currently serves as the dean of Rice University’s School of Business. He will begin his presidency at Wake Forest on July 1, 2026.
Congratulations to Rice Business professor Diana Jue-Rajasingh on being named to Poets&Quants’ 2026 40-Under-40 list, recognizing her innovative teaching and research that help students think critically and lead through uncertainty.
A study co-authored by Rice Business professor Tommy Pan Fang examines the growing challenges tied to AI data centers, including rising concerns over electricity, water use and noise pollution, as cities weigh economic benefits against environmental and community impacts.
David shares how the Rice MBA helped him pivot into consulting and how AI is reshaping the industry.
Owl Have You Know
Following an upbringing as an expat in Jakarta, Indonesia, today’s guest is applying his unique worldview to the management consulting industry and helping clients solve complex business challenges with digital solutions.
David Aldrich, a Rice Business alum from the Professional MBA Class of 2015, serves on the Rice Business Alumni Association Board and is a practice lead at EPAM Systems, a management consulting firm where he focuses on energy and AI.
David joins co-host Brian Jackson ’21 to discuss his journey of growing up abroad and how the Rice MBA helped him pivot into consulting. They also explore how AI is reshaping the consulting industry and how Rice Business became not just his alma mater, but a lifelong community and support system.
[00:00]Brian Jackson: Welcome to Owl Have You Know, a podcast from Rice Business. This episode is part of our Flight Path series, where guests share their career journeys and stories of the Rice connections that got them where they are.
Today’s episode features David Aldrich, a Rice Business alum from the Professional MBA class of 2015. David serves on the Rice Business Alumni Association Board and is a practice lead at EPAM Systems, a management consulting firm where David focuses on energy. David’s path is anything but linear. He studied philosophy, started his career in sales and marketing at Houston startups, and then used his MBA to pivot into consulting.
Today, David has worked across industries, from energy to consumer sectors, helping organizations think more clearly about growth, operations, and strategy.
David also brings a unique perspective shaped by growing up abroad and spending time in international environments before building his career in Houston. In this conversation, we talk about that journey, what it really takes to be good at consulting, and some of the lessons David has learned from working with clients across different sectors.
We also get into how AI is showing up in his work today and where it’s actually creating value versus just hype. Well, David, first, I just want to thank you for joining me.
[01:16]David Aldrich: No, absolutely. It’s my pleasure, Brian. Really looking forward to it. Huge fan of the show.
[01:21]Brian Jackson: You’re one of the board members where I’ve gotten to, one, I met you, and we became fast friends, and then we were able to now serve on the Alumni Association Board together. When we first met, it was a Rice alumni event. I think it was the wine event, and we quickly realized that we have actually a lot in common.
One, we both have partners who are dentists. Your wife, Jasmine, is a dentist. My partner, Trace. Second, we both lived in Jakarta, Indonesia, and we attended Jakarta Intercultural School. And if I say Naga, Naga, Naga, you’re going to say...
[01:52]David Aldrich: Oi, Oi, Oi.
[01:55]Brian Jackson: So, the one question I always seem to get is, you know, looking back, how was growing up as an expat and becoming a third culture kid, how has it shaped who you are today?
[02:07]David Aldrich: I think it’s been probably the most impactful on my life. And when I think about growing up, from like zero to 18, those years in Indonesia and Jakarta are responsible for a lot of my worldview and a lot of my trajectory. I’m really thankful for that time I got to spend as an expat in Jakarta, and there’s a couple things that I think were really incredible.
One, just the age of being there when I was nine to about 15, right? Going from elementary school through middle school in Jakarta. And the second piece was what you mentioned, being an international school where, you know, Americans only made up about, I think, 30% of the demographic population of the school when I was there, from like 1992 to 1998. You were, kind of, a minority in this big mix of international students.
So, your friends were British kids, they were Korean kids, they were Filipino kids, they were Singaporean, they were from South Africa, they were from, you know, Qatar, they were from Australia. They were from all over the world. And getting exposed to just completely different cultures, completely different backgrounds, experiences, even mindsets, right, and how people think and play and collaborate and work together, really opened my eyes as to what’s possible, what’s out there, and, kind of, shaped a lot of my decisions from when I was even looking at where to go to school right after coming back to Houston for high school. It just completely shaped the way I thought about what I should do with myself and with my life.
[03:41]Brian Jackson: And so, when you came back to Houston, and then you’re thinking about college, because, what, you were freshman year, so, you know, sophomore, junior. How did you decide Colgate? Like, this is the right fit for you?
[03:52]David Aldrich: Well, the first decision I made was I wasn’t going to go anywhere in Texas after spending four years at Stratford High School. Shout out Stratford High School, SHS, is an amazing school, go Spartans. But I just saw a lot of my friends were going to, you know, UT, or Texas Tech, or A&M, or other private schools in Texas.
And I didn’t want to go to a school where I knew, you know, 20 or 30 people that I just spent the past four years with. I wanted to go somewhere where I didn’t really know anybody, and I wanted to go someplace that I hadn’t really been before and experience a different part of the United States.
And so, when I was applying to schools, I found out about Colgate, and which was about as far northeast as you could possibly go, in like the middle of nowhere, central New York. But I was also looking at schools in California. I was looking at schools on the East Coast. I was looking at schools, kind of, everywhere except Texas.
[04:45]Brian Jackson: And so, you were saying, you know, picking a place where there weren’t going to be Texans or high school classmates, it’s like you wanted to challenge your way of thinking and be challenged of who you are and continually learn. Is that why you fell into philosophy?
[05:01]David Aldrich: The reason I picked philosophy, I think a little bit of that, but also I wanted to be an attorney when I was in high school. So, I was a debate kid. One of the things that I did was debate, and I really wanted to go into law. And I thought, "Okay, what should best prepare me for a legal career and going to law school? Let’s study philosophy, and let’s study classical studies." So, I was taking a lot of Latin classes, classical studies classes, and philosophy classes while I was at Colgate.
[05:31]Brian Jackson: So, I mean, you wrapped up college and then somehow you end up in Houston. What brought you down to Houston?
[05:37]David Aldrich: So, my family had actually already left. So, when I was in college, my parents moved to Colorado, and then after that, they moved to South Africa. So, I wasn’t going back to where they were living at the moment.
By the time I got to senior year in college, I had decided I no longer wanted to be an attorney, so I wasn’t going to go to law school. So, now I was graduating, and I had a philosophy degree, and I decided I did not want to go to law school. So, I did what anyone does with a philosophy degree that does not go to law school. And I think that’s, you go into sales, right?
So, I found some opportunities in Houston for, kind of, sales-related roles, and I had grandparents that still lived in Houston, and so that was, kind of, my support network when I first got out of college and came back down to Houston.
[06:25]Brian Jackson: So, you’re working in sales roles, you inevitably get into the startup world, right? What were you working on, and what was that experience like?
[06:34]David Aldrich: Yeah. So, I was really fortunate. I knew I wanted to get into the digital space because this was back in, you know, 2010. Facebook had become a thing during, I think, when I was in college. And so, I saw the future of, you know, a lot of jobs were going to be in this digital space and world.
And so, at the time, it didn’t seem like there was a giant startup culture in Houston, but there was a pretty interesting startup company, tech company based out of Houston called FlightAware, which was a flight-tracking company, bootstrap startup. And I actually saw a position for, I think the title at the time was like Aviation Marketing Specialist. But that was a fancy word of saying, like, you’re going to be working in sales for our company.
I saw this job posting on Craigslist, if you can believe, I was, like, looking at Craigslist job postings back in, like, 2010, and I saw this opportunity. So, I started working there, and my job was basically to help them monetize the website. I mean, the company was essentially all software engineers and developers and a very small kind of commercial team, which was run by the COO, and I was reporting, kind of, directly into him, helping monetize all the advertising space we had on the website.
Also sell some of the other data products that FlightAware created, some other, kind of, bespoke products they offered into the aviation industry, but mostly around monetizing the site. So, that’s how I, kind of, got my start, like cold calling media planners who, like, worked for, you know, advertising agencies in New York and San Francisco and Detroit and Chicago, trying to convince them to place their advertising dollars for their clients on our website, flightaware.com.
[08:12]Brian Jackson: So, what did this whole period teach you? And I mean, you’ve carried it on to a management consulting career, what did, you know, working in a bootstrap startup, what has that translated into what you’re doing now?
[08:22]David Aldrich: Well, that time at FlightAware, and then also the time I spent at Rigzone and more of these kind of sales-focused positions, really taught me how to talk to people, develop relationships with people, find what’s going to be valuable for them long term, find solutions that are going to be win-win for both of us.
That, kind of, interacting with people on a daily basis and finding a common ground and where you can both provide value and wins together is something that I still do on a daily basis in consulting, right? So, I think a lot of that early time period, in, kind of, more, you know, cold-calling sales mode, prepared me for, you know, consulting later on, because consulting is also an interesting industry.
When you start, your focus is delivering, right? Your focus is, someone is telling you what to do on a project, and you’ve just got to deliver very well for, you know, your project lead and the client. As you progress in your career through consulting, now it becomes, it’s sales again, right? You’re responsible for managing relationships with clients, identifying opportunities that can add value to them, and, you know, you can deliver for, thereby selling your professional services. And it’s really back into mostly a sales job of trying to either respond to RFPs or, you know, finding opportunities and pitching them to clients.
[09:42]Brian Jackson: So, your MBA, what part did it play? Did it help you pivot into consulting, or was it a part of the grand pivot?
[09:49]David Aldrich: I mean, it was singularly responsible for how I was able to change my career from sales-focused roles into consulting, because at that time, in 2012, when I was applying to Rice to start in 2013, I mean, I had been in sales at that point for five to six years of, like, straight kind of sales-focused roles. And honestly, I was getting a little bit bored of the work that I was doing.
It was great, I was having fun, but it was having the exact same conversations. You could only sell advertising space for so long and talk about the size of, like, a banner that, you know, in a package or whatever, before you’re just selling the exact same thing again and again and again. And the conversations do get old.
While I was at Rigzone, I, kind of, got to do two things that opened my eyes up to what consulting could be. So, we implemented a new ad-serving system, which sounds really boring and awful, but it was an interesting change of pace for me, doing a kind of technology implementation project. We acquired another company and then had to come up with a new pricing catalog, sales strategy, had to roll that out to all these new salespeople that got, kind of, added to our company.
So, a lot of working on new process, working with people, training, transformation, so that was really exciting, too. And I realized I’d like to do more of these types of things versus continue to just sell the same thing again and again and again. But I knew that it would be very difficult for me to start just applying from where I was as, you know, a sales manager at an energy technology company, to go into a consulting shop. You really needed an MBA to do that. And so, Rice was the perfect avenue for me to make that pivot, to get my MBA, but then also position myself for consulting.
[11:36]Brian Jackson: Yeah, so the three letters definitely help in applying, but I’m curious, like, what specifically at Rice helped you actually prepare for the transition itself?
[11:46]David Aldrich: I mean, the whole reason I chose Rice was because I couldn’t make the economics work to quit my day job, right, and go and be a full-time student. I was married at the time, I had one kid, we had another kid coming on the way. So, I was like, "We can’t shut down this current revenue stream, we’re going to keep this going." So, I was looking for professional programs, and at the time, I think the two best programs that were available in Houston were, in my opinion, were, like, University of Texas’ program and Rice’s MBA.
And then when you compare those two options, it was like no question, Rice was the superior program in my mind, one, because you actually got to take classes on campus. You had access to the same classes that full-time students took as a, you know, evening professional student if you could make the schedule work. So, I took classes that were like full-time classes because I was able to come down during lunch on a Tuesday and a Thursday and make it work with my work schedule and take advantage of those classes.
I think, also, being able to take advantage of the clubs, right? The consulting club that does tremendous work at Rice University to prepare students for, you know, summer internships with consulting companies, but also for the case interviews and preparing for, you know, consulting interviews are pretty intense. Maybe they’re not as bad as private equity or some iBanking interviews, but they’re definitely not typically fun experiences to go through unless you’ve really, really prepped hard and know how to execute in them. And Rice does a great job of that.
So, having access to all those tools, all the professors, all the space, the people, the student population as a professional student at, kind of, Rice Business was the game-changer for me.
[13:33]Brian Jackson: Yeah, no, I mean that access is so important. I think being involved in the student clubs, you’re absolutely right, that’s a differentiator. If you were to give advice to a first-year MBA who wants to break into consulting, what would you tell them?
[13:48]David Aldrich: I think my advice to students that want to go into consulting is you need to get really good at the AI piece, right? Study right now and get proficient with tools like Anthropic, tools like, you know, ChatGPT’s Codex, tools like, you know, Gemini’s Nano Banana, and, like, PaperBanana, the new one that they just announced. You have to be proficient in this space and be certified in this space, too. Like, Claude just announced a certification program. You can go get certified as, like, an Anthropic Claude architect. It’s free. You can do it.
Like, these are things that I think you need to have on your resume to position yourself for value, regardless of what strategy you take. If you want to go into strategy consulting or Big Four or technology, having those new skills on how to create agent capabilities for clients is going to be the table stakes to separating yourself from, I think, other people who are also looking to go into consulting.
[14:45]Brian Jackson: Yeah, that’s great advice. I’m going to transition a little here to talk about EPAM.
[14:50]David Aldrich: Sure.
[14:50]Brian Jackson: So, you’ve been at EPAM now for over six years, and like all of my friends in management consulting, I don’t really know what that means or what you do. So, what is it that you actually do on a day-to-day? What’s your focus?
[15:05]David Aldrich: Well, it’s changed a little bit. I started in 2019 as a senior manager. I’ve been working my way up to a principal, and then I just recently stepped into a managing principal role, and I run our energy management consulting practice.
So, a lot of my day-to-day is both talking to clients, but then also managing our pool of consultants and positioning them for projects and making sure that they’re being successful in the opportunities that they’re pitching to clients and the work that they’re delivering for clients as well.
What does that actually look like in reality? I think the best way to explain it, maybe to give you an idea, right? So, a year ago, we were working with an oil field services client, and the CEO was talking about how they wanted to expand what they’re doing in the digital space. Like, they have discrete software products, and they wanted to create transversal use cases so they could do something and solve problems for clients by leveraging the power of multiple pieces of their, kind of, software applications that are currently discrete and not integrated and, kind of, for very different purposes.
So, from there, we went, "Okay, let us help you organize those workshops to go find out what these transversal use cases are. So, that was phase one. Let’s bring everyone from across this global company into one room for a couple of days, people who are product managers for their different, discrete software solutions that this company owns, and let’s put them in the same room. Many of these people hadn’t even met each other or weren’t aware of the capabilities of some of the other, you know, software products this company produces. Let’s align on use cases. We found some, we had some great ideas. Okay, now let’s help you go validate that."
So, then we did basically a market assessment where we created mockups and UI designs for what this new software product could do. We validated that with the company’s own customers, like we worked with their commercial teams to set up time with their users and customers today.
We also went out and found people through our own network that were potential customers for our client. We validated it with, like, kind of, a market scan and looked at what other competing products are out there that could potentially compete with this new solution in the space. We did, kind of, pricing assessments, so we looked at, kind of, market size, what is even the total addressable market? Like, how much revenue could you hope to generate with a product like this? How would you price it?
How much is actually serviceable and addressable? Like, how much more revenue could you capture in year one versus year five? And then we presented that all back to, kind of, the leadership and said, "Okay, we think there really is something here. Here’s how we would price it, here’s how we would build it. Customers say they do want it, and they want these features."
And then we got to go build, like, the beta version of that product for them, which we highlighted at their annual meeting. And now we’re, like, in the process of making it real for customers. So, kind of full-cycle consulting, but also EPAM's focus is very much on product design, software engineering, going to make something real in the digital world, whether that's an application, whether that's a platform, whether that's a mobile app. That's, kind of, the space that we play in.
[18:05]Brian Jackson: Yeah, so from inception on that example you gave to, you know, final product, that’s a long time. It’s a two-year, three-year project?
[18:16]David Aldrich: So, this project, we’re about 12 months in from when we, kind of, first started the initial workshops. Taking this back to AI, what we’re able to do now in terms of mockup designs and potential solutions for customers, like, I no longer need a UX/UI design team to create a mockup of something that we want to deliver for a client. I can do that on my own with Claude Code or Codex and do something pretty good just using the new AI tools.
Now, I still definitely need the UI/UX teams to make this thing real, but of course, they’re also using AI-native, kind of, software engineering tools as well to speed this process up.
[18:53]Brian Jackson: How receptive are your clients when you bring in AI to projects? I mean, how, I guess, one, the question really is, like, how well do they understand it, and how much do they trust the output?
[19:05]David Aldrich: So, it’s becoming much more commonplace. Like every proposal that I’m seeing now, or even requests for proposals for clients, they’re asking us, how would you deliver this? Especially if it’s a software-related project where we’re building something digital, they’re asking us, how would you use AI to accelerate this work?
The energy industry, where I’m working, is, I think, a little bit slower to adopt versus, you know, the technology industry. Even the financial services insurance industry, consumer retail, for sure, is adopting this much quicker. But we’re seeing that our clients already, that they’re using their own development teams, are using, like, GitHub Copilot, or they’re implementing Claude Code, or they’re using the AI-powered kind of tools within Databricks.
They’re using the tools out there themselves, and they’re expecting their consulting partners and implementation partners to also use those same tools and speed up the velocity. Now, I will say, you can’t just give people access to these tools and be like, "Yay, it’s all going to work. It’s going to be great." There is definite governance that needs to be set up so you can train these agents and large language models on, you know, your own code libraries, your coding standards, the languages you use, you know, your CI/CD pipeline, how you deploy code, how you write test cases, how you test the code.
But you can have agents do like 90, 95% of that work. But it does need to be set up, and it does need strong governance to make sure what you’re building is actually what you want to build, right? And it’s secured from cybersecurity threats. You’re not adding new technical debt. You’re not mixing, kind of, languages that you shouldn’t be using. You’re building it for scale, and you’re following your organization’s, kind of, standards for how you build software.
[20:52]Brian Jackson: So, if I’m an energy executive who’s not an AI adopter, what am I missing?
[20:58]David Aldrich: You’re missing potentially so much productivity from your teams. Like, I’m thinking about anyone who’s still working in spreadsheets, anyone who’s still manually creating kind of PowerPoints, anyone who’s still, you know, manually creating the day-to-day things that all companies run on is missing out if you’re not asking your employees to become proficient and start adopting AI software.
Now, at the same time, there’s an interesting question that’s going on right now, which is, "Okay, we all know what the cost of large language models and tokens and agents, we all know what that costs right now, but we also have never known a technology company to, kind of, keep prices the same for the next five, 10 years. Like, everyone knows, and you’ve already seen that from like ChatGPT to Claude, like, there’s the free version now, there’s the premium version, now there’s like the max version that you pay for." It’s not going to stay this price. It’s going to get more expensive. Energy is going to become more expensive, right, to power all of this.
There is a question of how much do you completely start re-architecting your workflows to rely on agents if there’s some projections that show the cost for support, like the cost per ticket resolution, is projected to be, by, this is, someone was posting this on LinkedIn the other day, as projected to be $3 in 2030 by using agents. And $3 per ticket resolution is pretty close to what we pay for humans in offshore managed services locations to resolve tickets.
So, at what point is it going to become more expensive than actual humans? Again, I don’t think you should stop AI adoption because of that potential, but I think it’s important to understand that there’s things that you can do right now to enhance productivity by using these tool sets. There’s other things that require, I think, a little bit more due diligence, and is it the right decision to completely re-architect the way we work with agents? Because what’s good for Anthropic and how they code might not be the best thing for your company long term.
[23:07]Brian Jackson: Yeah, that’s so interesting. So, I guess having stepped into a new leadership role in energy, how has that position changed your perspective of the work that you’re doing and how the team operates and interacts with clients?
[23:22]David Aldrich: I will say that I am extremely fortunate at EPAM to be working for Clark Varner, who’s also a Jones School alumni. He was a Rice MBA. I’ve been working with him for over 10 years now.
So, he was at North Highland, which was the first firm I started working for after Rice, after I got my MBA. And then he’s at EPAM, where I’m working right now. And so, when I started as a senior manager here at EPAM, he led our energy, kind of, consulting practice here in Houston. And then he basically took on a new role, a new leadership role, and he now leads our entire energy business unit because, obviously, we do a lot more than just consulting, we do software engineering, we do product development, we do product design. We have, you know, account management professionals who run and manage specific energy accounts for us.
And so, Clark looks after all of that work. I say all this to give context that I’m not doing this by myself. There’s a team of people that I have grown up with, both at my time in North Highland and now at EPAM, that are also in really senior leadership roles that I work closely with every single day.
So, when you ask, how does it change my perspective on managing a team and being in a leadership position, I think the perspective doesn’t change that much is that, number one, is you’ve got to look out for your people, right? People need to be in an environment where they feel safe, where they feel supported, where they feel they can come with questions, with concerns, where they can go get guidance that’s, you know, judgment-free. That’s what I’m hoping to provide and give everyone that space where they can thrive and do their best work and really enjoy, as much as possible, the day-in and day-out work that they’re doing for clients and for EPAM.
[25:04]Brian Jackson: That’s great. I mean, that psychological safety of being able to, kind of, check your ego at the door and just say, "Hey, I have no idea. How would you do this?" tends to create some of the best responses, I feel like, and actually creates opportunity to solve things. So, I mean, I’m sure you’ve seen good consultants, and you’ve seen bad consultants. What separates a good consultant?
[25:26]David Aldrich: Yeah, I think a good consultant is not afraid to ask questions, to push clients, and, kind of, challenge thinking. I think there’s an art to being able to do that without offending and pissing clients off, and understanding when you have the opportunity to, kind of, push hard to get clients thinking in a different way.
I think the other key part is being able to be hungry for any opportunity and not scared to learn any new topic, right? Because the nature of consulting is that you’re being thrown into a bunch of different businesses, and no matter how much you’ve worked in a specific industry or at, like, businesses, there’s always going to be something new that they’re doing, whether it’s from a technology that they’re using, a process that they’re following, the nomenclature that they’re using.
So, you always got to be hungry and excited to learn more, and never, kind of, turned off and scared about having to, you know, master a new subject where you know nothing about it. So, always being hungry to learn quickly and adapt. And I think always coming with potential solutions versus constant questions.
So, questions are great when you’re trying to understand what’s the context, but we need to move very quickly to offering a point of view on what you need to be doing. And so, I always tell new consultants that are starting, "What are the best behaviors you can develop?" When you spot an opportunity, you know, for where you can add value or we can add value for our client, don’t just come to your manager or your principal or the project lead or client lead and say, "Hey, I think there’s an opportunity here." It’s, "Hey, I think there’s an opportunity here, and here’s how we propose we go solve it. And here’s the approach that I think we should take, and here’s how I would think we... This is the team size I think we would need to do it, and here’s the timeline." Like, come with a fully baked plan. That’s the behavior that we love to see from a great consultant.
[27:08]Brian Jackson: Yeah. Has there been a time where you’ve brought forth a fully baked plan, and the instant reaction was no? Like, "David, no. This doesn’t make sense."
[27:17]David Aldrich: All the time, yes. That definitely does happen. It’s something you also have to get used to is rejection, right? There’s no way in consulting that when you spot an opportunity and a way to add value, that you’re going to have, you know, 100% batting average. It’s just not going to happen.
You’re going to pitch a bunch of things, and you might think it is, of course, the best solution out there. You would be crazy if you picked any other vendor or any other SI or consultancy to go do this work. And, of course, that happens all the time, they pick someone else. So, you just have to be comfortable, right, and rejection, not take it personal, and you keep going, right? Look for the next opportunity.
[27:56]Brian Jackson: With EPAM's operations being global, you know, how has the conflict in Ukraine impacted you in your work?
[28:04]David Aldrich: Yeah, that continuing conflict has been the biggest shock our company has ever experienced in its 30-year history. So, for people that may not be aware, EPAM is 30 years old. We’re about 65,000 people. We started as a company that was providing technology solutions mainly from Europe, in locations like Belarus, Russia, and Ukraine, because we had highly skilled software development professionals that were based there that were still really cost-competitive with other kind of offshore delivery centers around the world that other consulting companies were using.
And we found the talent there was really second to none, and again, the economics made a lot of sense to our clients. And so, we, kind of, built our company around these delivery centers in Eastern Europe. And so, by the time we got to 2022, we were a, you know, 55,000-60,000-person company, and we had 30,000 people in Ukraine, Belarus, and Russia.
And then the conflict started, and we immediately, of course, shut down all of the work that we were doing with companies in Russia. And then we made the decision very quickly to say, "Okay, if you want to work for EPAM, you cannot be in Russia, you have to leave Russia." And, of course, we had many employees that wanted to also leave conflict zones in Ukraine. And we also had people who wanted to leave Belarus as well.
And so, during 2022, 2023, EPAM was relocating like 5,000, 6,000 employees and their families, like, constantly. So, there was a mass move of people across the globe to get people into environments where they felt safe and were able to thrive, and their families were able to thrive.
And it’s still happening today, right? I think people tune out the conflict between Russia and Ukraine, but that’s still an active war that’s happening. And we still have 9,000 professionals operating in Lviv, Kyiv, Kharkiv, all across Ukraine, delivering every day for our clients. And it’s amazing the resiliency of some of my colleagues that are, you know, again, like going through ballistic missile drills, warning sirens on a frequent basis, having to deal with power outages, gas outages constantly.
I mean, they’re real heroes, right, of EPAM, and still coming to work with fantastic, positive attitudes, ready to excite, delight customers, go build something new, continuing to learn. So, it’s one of the reasons I’m really proud to work at EPAM, is not only how our company has responded, but just the culture and the community we have built around our colleagues and what we do for our clients every day.
[30:42]Brian Jackson: I think of it, and, you know, you were saying they still show up, they’re excited to be there and deliver product, like, one, how almost, like, empowering that is to your own spirit, to sit there with folks and to be like, "Okay, if they can do it, I can do it. We’re going to do it as a team." And then secondary, I think of, is it hard, though, to be on team calls and have your, you know, colleagues and friends in areas that are dangerous and have danger around them? You know, how do you, kind of, manage those feelings?
[31:13]David Aldrich: I’ll tell you, it’s not easy. I’ll be extremely frank. I was doing a project, this was back in 2022, one of our developers on our team, his name’s Andre, fantastic guy. He was based in Kharkiv, and if you don’t know where that is, it’s, kind of, on the eastern side of Ukraine, very close to the border with Russia.
And so, during the start of the invasion, Russia was coming really close into Kharkiv, they were throwing shells, they were throwing mortars into the city. EPAM was doing its best to try to evacuate as many people as we could, like, basically sending buses into the city. But you couldn’t safely go walk around the city.
And so, where his apartment block was, he could not get to where the buses were picking people up. And, you know, he has a small family, he had two small daughters. So, their first solution was to go sleep in the, kind of, subway stations, right, to protect them from mortar fire, shell fire. But it was middle of winter, it’s freezing down there, so people were getting sick, that’s not a solution. So, they went back to their apartment.
The train station wasn’t running on schedule, so that was also not an option. Because I was trying to brainstorm this through, like, you know, "Andre, we’ve got to get you, we’ve got to get you out of here. We’ve got to get you safe. What can we do?" He was saying, "No, we can’t use the train station. There’s like 10,000 people there just waiting for the next train. It’s not safe."
He was finally able to get a car rental with a friend, but there was not enough space in the car for both him, his wife, and his two kids, just his wife and his kids. So, he puts his wife and kids in the car, he sends them towards Zaporizhzhia, which was safe at the time, and he walks out of the city, like 20, 25 kilometers, until he gets to a point where it’s safe enough for him to be picked up.
And so, each day I was asking, like, "Andre, are you going to be safe? Are you going to be okay? What’s going on?" That, you know, takes a mental toll on you because you’re just worried sick for these people that you come to know and work with on a daily basis. So yeah, it’s mentally taxing, but you just got to remember that that mental struggle from my end is nothing compared to, you know, what my colleagues are going through. And it just makes you super thankful to be working with amazing people and in a community that, kind of, EPAM created, community and culture that EPAM created.
[33:27]Brian Jackson: It’s great to be on a team and to support a team like that, David. I’m going to pivot a little, because I know some of the stuff you do outside of work, but I’m curious if there’s something outside of work that’s made you better at your job.
[33:39]David Aldrich: I think being involved with kids’ school sports stuff gives you a lot of, let’s say, a lot of patience. It teaches you patience in ways that you weren’t expecting, that you can take to clients.
But I’ll also say, I’ll be very honest, I tell everyone on our team, like, "Listen, there’s a reason you get paid time off. You should take it, and you shouldn’t be working during that time." I’m always a bad example. I do tend to, like, check my phone and check my computer when I’m supposed to be off. But I tell people, "Please don’t follow my awful example. You should take time off."
And I think that is really important. I purposely try to take the time off that I’m given by, you know, EPAM each year and go travel, go experience something completely different, and share it with my kids as well, right? And I think that has always refreshed me, made me excited to come back to work.
Traveling and being someplace new, foreign, uncomfortable, it sparks, again, that creative thinking. It gets your brain moving, and it creates ideas that, I’m often coming back to work excited and thinking about something new I want to try after being on vacation, and especially being on vacation in someplace completely random and new that I’d never been before.
Now, I’m not saying I don’t like to also just go somewhere like a beach resort pool where someone can just bring me, you know, margaritas or piña coladas, I enjoy that, too, but I think you need to balance both.
[35:06]Brian Jackson: I tend to be on that type of vacation. One other thing that you do, you stay really involved with Rice, especially Rice Business. At what point did you shift from Rice just being your school to really, I think, becoming your community?
[35:21]David Aldrich: You know, I think my grandfather, you know, he taught me that. And it was something that Shawn Sullivan, the CEO at FlightAware, who is a big Colgate supporter, told me as well, that, like, "Listen, if you enjoyed your experience at your alma mater, you should give back. You should always give back as much as you can." And the experience that I had both at Colgate and at Rice was life-changing for me, career-changing in terms of my MBA. And so, I’ve always wanted to give back financially as much as I can and support students who also want to go to that school, right? Be a class ambassador for Rice, try to keep my class involved and aware of what’s going on at school, try to bring them back to campus, promote reunion, and try to get a big turnout as much as possible.
And then now, you know, finding new ways to serve the alumni community and do more to encourage alumni to come back, engage, and participate with Rice. We can continue to grow, I think, this amazing alumni network that we have, which is now like 10,000 people who’ve matriculated and graduated through the Rice Business MBA program.
[36:24]Brian Jackson: Yeah, and one of the things, I mean, the Alumni Association Board is all about how do we reengage and get people to stay in touch and connected to Rice Business. One of the things we’ve been working on together was the alumni breakfast series. I’d love you to just talk about it and share why we thought that that was a value add and a new connection point for alumni.
[36:46]David Aldrich: Yeah, absolutely. So, it’s one of the things that I have been super excited about since joining the board, is this new series. We realized that getting to events on campus can be difficult, given the size of Houston and the sprawl and the fact that we have people coming from, if they want to come to events, they’ve got to be coming from Katy, West Houston, they’re coming from Sugar Land, Richmond, Southwest Houston, they’re coming from, you know, Spring, The Woodlands, they’re coming from Humble, Atascocita, they're coming from everywhere.
And it’s not easy sometimes to leave work at like 4:30 just so you can be on campus at 6:00 for an event that starts. And so, we thought about what programming options can we offer so that we’re not only having programming that is available to alumni and students after work, but before work, right? Or during the early morning part of work.
So, you can come in, you can have breakfast, you can have coffee, you can engage with Rice and then make it back to work. And then everyone’s busy after work as well with, you know, family activities, et cetera, so we can leave that open. So, we wanted to be able to provide both options to our alumni and students, and even the broader Houston community, to come and engage in whichever way works best for you.
If it works best for you to come and participate in a really interesting panel after work’s done and stop by the campus after, then great. If it’s better for you to come during the morning and break bread and have coffee with alumni and colleagues and friends, then let’s do that as well and make that available to our alumni community.
[38:17]Brian Jackson: That’s great, and that was absolutely the purpose.
David, this has been such a unique episode, and I really have appreciated your time, and we get to draw on some of these shared commonalities we have. And I’ve always really enjoyed your service on the board and working together, so thank you.
[38:34]David Aldrich: No, thank you so much. It’s been my pleasure. I love the work that you’re doing on this podcast. I think it’s extremely valuable to not only our alumni, but just Houston in general, and students and everyone, kind of, to see the trajectories and career paths that are available to them and some of the amazing work that our alumni are doing, both here in Houston and Texas across the globe.
I think you’re doing a fantastic job. I’m so happy to be on here. I feel honored to be invited to the Owl Have You Know podcast, and I hope it’s not the last time we have a conversation like this.
[39:04]Brian Jackson: No, no, it won’t be. Well, thanks again, David.
[39:07]David Aldrich: No, thank you, Brian.
[39:14]Brian Jackson: Thanks for listening. This has been Owl Have You Know, a production of Rice Business. You can find more information about our guests, hosts, and announcements on our website, business.rice.edu. Please subscribe and leave a rating wherever you find your favorite podcast. We'd love to hear what you think. The hosts of Owl Have You Know are myself, Brian Jackson, and Maya Pomroy.
The latest graduates from Rice University’s Jesse H. Jones Graduate School of Business were awarded their Master of Business Administration degrees on May 8 at Tudor Fieldhouse in front of a crowd of loved ones, faculty, staff and students.
Avery Ruxer Franklin
The latest graduates from Rice University’s Jesse H. Jones Graduate School of Business were awarded their Master of Business Administration degrees on May 8 at Tudor Fieldhouse in front of a crowd of loved ones, faculty, staff and students.
“Today marks the graduation of Rice Business’ 49th graduating class,” said George Andrews, associate dean of degree programs. “We honor the countless hours and team meetings, cases, presentations, papers and exams, the hard work, dedication and discipline required to earn this degree.”
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Jesse H. Jones Graduate School of Business graduates were awarded their Master of Business Administration degrees May 8 at Tudor Fieldhouse.
When President Reginald DesRoches stepped to the lectern to confer the degrees, he made sure to take a moment to recognize that earning a degree often includes support from family and friends. He asked the graduates to rise and applaud their families as well as turn to their classmates for a last thank you.
Rice Business provides more than just the knowledge to master finance, strategy and operations — through their classwork and community, graduates have honed leadership skills such as resilience, collaboration, adaptability and ethical judgment.
“You’ve been shaped by a program that values not just what you know but how you lead — thoughtfully, ethically and with a clear sense of purpose,” DesRoches said. “You work through real world challenges, engage with Houston’s dynamic business ecosystem and learn what it means to lead in the global, fast-moving economy.
“Stay curious, be courageous, say yes to the hard things. That’s where growth happens.”
The MBA graduates join a global Rice alumni community of more than 68,000 leaders, innovators and entrepreneurs who are ready to support fellow Owls, DesRoches said.
Nicole Pellegrino, assistant dean of academic programs and student experience, honored students who took on extra challenges during their time in McNair Hall, including graduates who led the signature student-run initiatives, competitions and programs like the Entrepreneurship Through Acquisition conference, the Rice Energy Finance Summit, the Women in Leadership Conference, the Veterans Business Battle, the Rice Business Energy Case Competition, the Rice Business Healthcare Conference and Rice Business Board Fellows. These leaders wore a graduation stole commemorating their leadership of these programs.
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The MBA graduates join a global Rice alumni community of more than 68,000 leaders, innovators and entrepreneurs.
Every Rice MBA commencement includes the M.A. Wright Awards, named for Mike Wright, former chairman of Cameron Iron Works and the first chairman of the Rice Business Board of Advisers. This prestigious award is determined based on nominations from members of the graduating class for the student who best models “leadership, exemplary service and significant contributions to the Jones Graduate School of Business.”
2026 M.A. Wright Awards
Full-time MBA: Caroline Metts
MBA for executives: Mohamed Elsayed
MBA for professionals (evening): Rishi Sohoni
MBA for professionals (weekend): Moises Mendoza
MBA@Rice: David McCampbell
Hybrid MBA: Julija Dobrila
Each year, the students also get a chance to honor faculty who made a difference in their learning experience. Each of the six programs select a recipient for a teaching excellence award — these awards are especially meaningful to faculty because they are selected by their own graduating students, said James Weston, senior associate dean of degree programs.
2026 Teaching Excellence Awards
Full-time MBA: Brian Akins
MBA for executives: James Hackett
MBA for professionals (evening): Petrus Ferreira
MBA for professionals (weekend): Prashant Kale
MBA@Rice: Maura Claire Harford
Hybrid MBA: Bruce Carlin
A final teaching award is chosen by alumni who graduated two and five years ago.
2026 Alumni Teaching Excellence Award: Al Danto
Rice Business Dean Peter Rodriguez took the podium to introduce the keynote speaker, alumnus and CEO of NRG Energy Robert Gaudette (’01).
“Robert’s connection to Rice Business has remained strong for more than a decade,” Rodriguez said. “He has returned to campus innumerable times as a speaker, mentor, a thought partner and a friend for many students. Colleagues describe him as a people-first leader who listens, sets clear direction, brings teams together and leaves them with accountability and respect. For our graduates, Robert is a powerful example of the kind of leadership we hope a Rice Business education inspires: principle, practical, resilient and ready to meet consequential challenges.”
Gaudette shared his career journey and lessons he learned along the way. Careers are rarely as logical and linear as they look at the start, he said.
“We like to think that progress unfolds in a predictable sequence, school, job, promotion, next job, next promotion. The reality is that careers are more about the detours — the next one we take might not be the obvious one. It’s said that life can only be understood by looking backwards.”
Gaudette landed at NRG through a merger and an acquisition and was eventually asked to lead part of the retail business — a curveball for him and his professional experience, Gaudette said. The challenge provided a new perspective.
“We’re not just managing assets, we’re not just trading supply,” he said. “What we do every day has real impact on the real lives of the people we serve and the well-being of our communities. Without that outlook, without that perspective, I likely wouldn’t be speaking to you right now (as CEO). So, when your carefully crafted career plan takes an unexpected turn, don’t be too quick to dismiss the role. The role that looks like a detour may be the one that gives you the perspective you’ll need the most later on.”
View the entire May 2026 graduation ceremony below and learn more about Rice Business programs. Share your photos from the event using the tag #RiceGrad26.
Peter Rodriguez, dean of Rice University’s Jones Graduate School of Business and the Virani Undergraduate School of Business since 2016, today was named the 15th president of Wake Forest University in Winston-Salem, North Carolina. He will begin his new role July 1.
The Board of Trustees of Wake Forest University announced the appointment of Peter Rodriguez as the University’s 15th President. A distinguished economist and transformative academic leader, Rodriguez currently serves as the dean of Rice University’s School of Business. He will begin his presidency at Wake Forest on July 1, 2026.
Congratulations to Rice Business professor Diana Jue-Rajasingh on being named to Poets&Quants’ 2026 40-Under-40 list, recognizing her innovative teaching and research that help students think critically and lead through uncertainty.
Nearly 900 advanced degree recipients were celebrated May 9 as Owls walked across the stage at Tudor Fieldhouse to roars of applause and cheers, marking the culmination of their academic journeys at Rice University.
Andrew Bell
Nearly 900 advanced degree recipients were celebrated May 9 as Owls walked across the stage at Tudor Fieldhouse to roars of applause and cheers, marking the culmination of their academic journeys at Rice University.
The ceremony was part of the university’s 113th commencement and honored 890 graduates receiving degrees from the George R. Brown School of Engineering and Computing, School of Humanities, Wiess School of Natural Sciences, School of Architecture, Shepherd School of Music, Jones Graduate School of Business, School of Social Sciences and Glasscock School of Continuing Studies.
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“Today, we celebrate a remarkable group of scholars — individuals who have chosen to go further, to dig deeper and to continue their education in pursuit of knowledge, discovery and impact,” President Reginald DesRoches told graduates during the ceremony.
“Each of you made the decision to push beyond what was required — to ask harder questions, to seek new answers and to grow not just in your field but as thinkers and leaders. That commitment is what brings us here today.”
DesRoches praised graduates for the discipline and perseverance required to earn advanced degrees and encouraged them to continue pursuing curiosity and collaboration in the next chapter of their lives.
“No matter where this degree takes you — to the lab, the classroom, the boardroom, the clinic or even back for another degree — I encourage you to stay curious,” he said. “Seek out the uncomfortable. Tackle big questions. Surround yourself with people who challenge your thinking. That’s where growth happens.”
Among those crossing the stage was Trae Broadnax, a member of the Rice men’s basketball team who earned a master’s degree in global affairs.
“To be able to go to school, get to finish my college career with two degrees and a master’s degree from a really prestigious university — I feel really accomplished,” Broadnax said.
Broadnax said the sense of togetherness at Rice stood out most during his time on campus. He plans to pursue professional basketball opportunities before eventually attending law school.
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Provost Amy Dittmar recognized the persistence and resilience required of graduate students, who must handle research, coursework and personal responsibilities to reach this point.
“I would like to offer my sincere congratulations to today’s graduates, who have worked diligently to balance numerous responsibilities with their academic and research pursuits,” Dittmar said. “Their success has required discipline, focus and endurance beyond what most of us can imagine.”
For Samantha Garza, who earned a master’s degree in architecture, the ceremony celebrated not only academic achievement but the close-knit relationships formed during her time at Rice.
“I just have so much love and gratitude in my heart, and I’m just so happy that my family could be here today and that I’m graduating with all of my friends and my cohort,” Garza said.
Garza credited Rice with providing interdisciplinary learning opportunities and international experiences, including travel and study in China. She will remain in Houston to work at SCHAUM Architects with Rice professor Troy Schaum.
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The ceremony also marked a meaningful milestone for Jeannette Hu, who earned a Master of Arts in teaching through the Glasscock School of Continuing Studies.
Hu, a social studies teacher at Sartartia Middle School in Fort Bend ISD who was recently named her campus’s Rookie Teacher of the Year, said she was especially grateful to participate in commencement after missing an in-person undergraduate graduation during the COVID-19 pandemic.
“I’m very proud at the moment,” Hu said. “This might be my only chance to walk the stage.”
Seiichi Matsuda, dean of graduate and postdoctoral studies, closed the ceremony by commending graduates for the dedication and resilience that brought them to commencement day.
“On behalf of the Rice faculty, I extend our congratulations to each of you,” Matsuda said. “We commend you for the talent, the commitment, the resilience and the passion that you have shown. It took all of these to master your discipline, as you have done.”
He also thanked graduates for the impact they made on the Rice community and expressed hope they would remain connected to the university in the years ahead.
“We deeply appreciate the contributions that each of you has made to strengthening and enriching the fabric of our community,” Matsuda said. “We are grateful for the opportunity to work with you.”
Visit the 2026 commencement photo gallery here, and use #RiceGrad26 to tag your photos and posts.
Peter Rodriguez, dean of Rice University’s Jones Graduate School of Business and the Virani Undergraduate School of Business since 2016, today was named the 15th president of Wake Forest University in Winston-Salem, North Carolina. He will begin his new role July 1.
The Board of Trustees of Wake Forest University announced the appointment of Peter Rodriguez as the University’s 15th President. A distinguished economist and transformative academic leader, Rodriguez currently serves as the dean of Rice University’s School of Business. He will begin his presidency at Wake Forest on July 1, 2026.
Congratulations to Rice Business professor Diana Jue-Rajasingh on being named to Poets&Quants’ 2026 40-Under-40 list, recognizing her innovative teaching and research that help students think critically and lead through uncertainty.
To keep learning over time, AI systems must forget some information. A new monograph explains why that tradeoff is essential.
Based on research by Yueyang Liu (Rice Business), Saurabh Kumar (Stanford), Henrik Marklund (Stanford), Ashish Rao (Stanford), Yifan Zhu (Stanford), Hong Jun Jeon (Stanford), and Benjamin Van Roy (Stanford)
Key takeaways:
A field-defining framework establishes a baseline for researchers to approach continual learning as a unified problem.
To build lifelong AI, we must rethink “catastrophic forgetting” as a challenge and start thinking of it as a necessary feature for systems to operate within real-world computational limits.
With limited capacity freed up by discarding obsolete data, agents must continuously explore their ever-changing environments, prioritizing "durable" knowledge over fleeting trends to maximize long-term success.
If you try to recall your absolute favorite meal from when you were 10 years old, you might come up blank. But that memory lapse isn’t a failure of your brain. That detail probably just is not useful to your life anymore.
For years, computer scientists have viewed artificial intelligence through a much stricter lens. When an AI system learns new tasks or information, it overwrites some of what it learned before, a phenomenon known as “catastrophic forgetting.” Historically, the field has treated that as a flaw and tried to patch it with workarounds like storing large amounts of old data.
But in a new monograph published in Foundations and Trends in Machine Learning, Yueyang Liu, assistant professor of operations management at Rice Business, and her Stanford University co-authors argue that forgetting is not simply a bug. In real-world settings, AI systems face hard limits on memory and computing power. They cannot, and should not, try to remember everything.
How AI continues to learn about you
Traditional machine learning often assumes that training eventually ends. In these models, the system learns a stable target — e.g., identifying cats in a photo — and is effectively done. Under that logic, forgetting looks like failure.
Liu and her co-authors start from a different premise: the world keeps changing, so useful AI must keep adapting. A recommendation system for music or movies, for example, cannot assume your tastes are fixed. If it stops learning, it gets worse. To stay useful, it has to keep exploring.
“As humans, we do not hold on to every detail from the past,” Liu says. “A continually learning system has to make similar choices about what is worth keeping.”
By the time a music app user turns 25, it may not matter much who their favorite singer was at 15. What matters more are the patterns likely to stay useful going forward.
The researchers call this “durable” knowledge: information that remains relevant over time. To preserve room for that knowledge, the system has to discard obsolete or low-value data. In this framework, forgetting is not a breakdown. It is part of how constrained intelligence stays adaptable.
How constrained AI survives
To test that idea, Liu and her colleagues ran simulations examining how different algorithms perform over time with limited computational resources.
One experiment used a modified version of Permuted MNIST, a common benchmark based on classifying handwritten digits. Here the environment kept changing, forcing the AI to face a stream of shifting tasks rather than focus on a stable assignment.
The researchers compared three agents: a large memory agent that could retain 1 million past samples; a small memory agent limited to 1,000 samples; and a “reset” agent whose neural network was periodically wiped clean.
“As humans, we do not hold on to every detail from the past,” Liu says. “A continually learning system has to make similar choices about what is worth keeping.”
The results challenge some of the field’s usual assumptions. On tasks that never returned, the small memory agent performed just as well as the large memory agent, showing no lasting benefit to hanging on to one-off data. Even the reset agent could keep up when recurring tasks lasted long enough for it to relearn what it needed.
Most strikingly, when the researchers imposed stricter computing limits, larger-memory systems became less flexible. They suffered a “loss of plasticity,” growing too rigid to absorb new information well.
“If a system tries to preserve everything, it can lose the capacity to adapt,” Liu says. “Under real constraints, selective forgetting is often what keeps learning possible.”
Additional simulations showed something similar in recommendation-like environments. Agents that prioritized long-lasting patterns over fleeting trends earned stronger rewards over time.
How to think about continual learning
The research offers a more unified way to think about continual learning, a field that has often been split into narrower problems like memory retention, fast relearning or computational efficiency. Liu and her co-authors argue that these tradeoffs belong inside a single framework: maximizing long-term performance under real resource limits.
That shift also changes the meaning of catastrophic forgetting. Forgetting all past information is not ideal. But forgetting nonrecurring or low-value information may be exactly what helps a system keep learning over a long lifetime.
The framework does not solve every practical challenge. Exact mathematical solutions remain difficult in messy real-world environments, and additional capabilities still require memory and computing power that many systems do not have. But the paper establishes a clearer baseline for future work.
For researchers building lifelong AI, that means the goal may be less like perfect recall and more like good judgment. A smart system does not need to remember every detail from years ago. It needs to keep what still matters and let the rest go, whether that is an old data point or your favorite meal when you were 10.
GenAI may give users an early boost in creativity, but lasting gains require effective augmented learning through a more active form of human-AI collaboration called “idea co-development.”
Rice Business’ Inaugural AI in Healthcare Conference began as just an idea. Here’s how the school’s network of support helped MBA students launch and host a successful conference exploring the future of AI in medicine.
Rachel Roby ’26, Conference Chair of the Rice Business Healthcare Association
When we set out to launch Rice Business’ Inaugural AI in Healthcare Conference, we did not have a playbook. What we had was an idea, a uniquely rich healthcare ecosystem on our doorstep and a shared conviction that the conversations happening around AI in medicine deserved a dedicated stage.
This is the story of how we built it, what we learned, and why Rice Business is the right place for this kind of work.
Why Rice Business Needed a Healthcare Conference
What brought our team together was a shared passion for healthcare.
Our committee entered the Rice Business MBA from different corners of the industry — clinical care, public health, life sciences, operations — and we wanted to reflect how much those communities meant to us. Rice Business sits in a uniquely strong position to make that happen.
Houston is home to one of the most important healthcare ecosystems in the country, and Rice has an exceptional alumni network of leaders across health systems, startups and innovation roles. What was missing was a dedicated space for students to engage with those people, perspectives and ideas back on campus. That was the opportunity we wanted to seize.
The use of AI in healthcare was a timely and meaningful theme for us to organize the conversation around, but at its core, this conference was about strengthening the bridge between Rice Business and the broader healthcare community.
The 2026 Healthcare Conference began as a mere idea — early on, we weren’t sure how to approach sponsorship, marketing or even how to structure the event. There was a lot of uncertainty and no preexisting framework to follow.
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Ian Wedgwood sits next to Shiva Sivaramakrishnan at the inaugural conference.
But the Rice Business faculty and staff guided us through the process and opened new doors, especially Erica Njoku (director of student experience); Shiva Sivaramakrishnan (Henry Gardiner Symonds Professor of Accounting and academic director of healthcare programming); and Ian Wedgwood (operations director of healthcare programs and lecturer in operations management).
We had incredible support from the broader Rice Business community, including Marketing and Communications, External Relations and the catering team, who helped bring the event to life behind the scenes.
One of the most valuable parts of the experience was discovering how willing the Rice community, especially alumni, was to back a strong student-led initiative. As we reached out, we found alumni eager to mentor, sponsor, speak and open doors.
The biggest lesson we took away is that you do not need to have everything figured out at the start. If the idea is meaningful and you stay consistent, the right people will show up to help you build it.
Rachel Roby '26
Conference Chair, 2026 Healthcare Conference
The Conversations That Mattered Most
A defining characteristic of the conference was the integrity of the conversations. Leaders spoke openly about the challenges of integrating AI and new technologies into existing workflows, the importance of organizational design and the responsibility to ensure these tools actually improve patient outcomes.
Our team didn’t have a deep background in AI, so these discussions helped us build a far more practical understanding of how AI is being used in healthcare beyond the headlines.
How This Shaped Our MBA Experience
Leading the Inaugural Rice Business Healthcare Conference allowed us to apply the MBA directly to our work. It shifted our perspective from learning concepts in the classroom to actively building something with real impact.
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Keynote speaker Roberta Schwartz, executive VP of Houston Methodist Hospital and chief innovation officer at Houston Methodist.
It also deepened our interest in healthcare across areas — from operations and strategy to innovation. For many of us, this was our first real exposure to AI in healthcare, and it helped clarify how we might want to engage with it in our careers. More than anything, it showed us that you can learn a new space quickly by immersing yourself in it.
One of Rice Business’ greatest strengths is its healthcare alumni network — and that access translated into real opportunity when garnering speakers and partnerships. The conference also reminded us of Houston’s healthcare advantage, both as home to the Texas Medical Center and as a place where healthcare systems, startups and innovation hubs are closely interwoven.
Rice creates an environment where students are encouraged not just to learn about industries, but to actively engage with and contribute to them.
Advice for Prospective Students
There is real room to take initiative at Rice Business. When you’re ready to bring an idea to life, the school will support you at every step.
Our advice is simple: Pursue what you are genuinely passionate about. If you see an opportunity to create something meaningful or bring people together around an idea, push it forward. Rice gives you the space to be innovative, but it is up to you to take that step and turn it into something real.
Rachel Roby, the conference chair, worked in healthcare with a focus on epidemiology and infection prevention — monitoring patient care metrics, supporting compliance with national standards and partnering with clinical teams to improve outcomes. After graduation, she will enter a senior infection prevention role at a biocontainment unit in Galveston. Roby hopes to bring real value to her teams, strengthen the systems that protect patient care and grow into a leader who can guide decisions in complex, high-stakes environments. The Rice MBA and Healthcare Conference have allowed her to sharpen her ability to align people, processes and strategy.
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Caitlin Fabian is the operations chair and a practicing physician assistant and manager, a role uniquely positioned to make lasting impacts within the surgical industry. Her experience spans the entire clinical care process, including scheduling, nursing, diagnosing, treating and post-operative care. Her long-term goal is to leverage her unique multidisciplinary experiences as a clinical provider with her Rice MBA to improve healthcare access, enhance quality and efficiency, and contribute to strategic planning at the executive level.
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Katherine Shu serves as the finance chair and worked in cell therapy prior to pursuing an MBA. This allowed her to work at the frontier of “personalized medicine,” where single-dose, potentially curative therapies could transform the current standard of care. She was motivated to attend Rice Business by the industry’s challenges, opportunities and her own curiosity about the business side of biopharma. Building on her leadership in the 2026 conference, Shu hopes to continue sharpening her business acumen, connecting others as a student leader, and pursuing consulting and strategy roles focused on growth, problem-solving and scale.
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Dyan Utami is the marketing chair and prior growth manager at Aquabloom, an early-stage seaweed company focused on biostimulants and animal feed additives, where she led day-to-day operations and growth initiatives. Motivated by her experience living in Indonesia, where nearly 70% of cancer patients are diagnosed at a late stage, Utami is passionate about increasing awareness of early-stage cancer symptoms. After graduation, she plans to build a venture focused on expanding access to early cancer screening, using technology to transform early detection and save lives.
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Bodie Gilbert, programming chair, led a successful career in operations, strategy and executive leadership in church ministry prior to the MBA. His experience managing organizational change, guiding complex systems and aiding in personal development gave him a strong foundation in strategic thinking, leadership, communication and people work. Gilbert’s post-MBA goal is to step into a leadership role where he can help organizations solve complex problems, improve performance and lead meaningful transformation — particularly in healthcare management — to make a lasting impact.
Rice Business’ Inaugural AI in Healthcare Conference began as just an idea. Here’s how the school’s network of support helped MBA students launch and host a successful conference exploring the future of AI in medicine.
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