AMHERST, Mass. - The University of Massachusetts Board of Trustees today approved the appointment of Anna B. Nagurney, of the department of finance and operations management in the Isenberg School of Management, as the John F. Smith Memorial Professor.
The endowed professorship is supported by a $750,000 commitment to the management school from alumnus John F. Smith Jr., chairman of General Motors, to honor his father, a 1929 alumnus of the Stockbridge School of Agriculture at UMass.
Thomas O’Brien, dean of the Isenberg School of Management, says Nagurney’s appointment marks an important milestone for the school. "It is the first endowed professorship given to the school to help us reward and retain outstanding members of the current faculty," O’Brien says. He says Nagurney is a good choice because of her strong record of academic achievement at the University.
Nagurney has been at the University since 1983 and is an internationally known scholar whose work includes constructing computer network models of large-scale financial, transportation, and regional economic systems. She is the co-author of "Financial Networks: Statics and Dynamics," which has attracted much attention on Wall Street.
In 1996, Nagurney received a seven-month appointment for a Distinguished Guest Professorship at the Royal Institute of Technology in Stockholm, Sweden, where she taught and did research in transportation network theory. She also worked with the institute’s president, Janne Carlsson, to enhance female education and research in Sweden. In 1986, Nagurney was recognized as an outstanding young researcher by the University of Umea, also in Sweden, which presented her with the Erik Kempe prize, one of Sweden’s highest honors, second only to the Nobel Prize.
Nagurney received a $250,000 Faculty Award for Women from the National Science Foundation in 1991. She was one of 25 women in the U.S. to receive a Visiting Professorship for Women grant from the National Science Foundation in 1988. That $138,828 grant supported a year of research at the Massachusetts Institute of Technology. Nagurney received a Distinguished Young Achiever Prize from the National Association of Women in 1987.