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College of Business Administration announces Hall of Fame inductees

CMU celebrates the achievements of Doug Iles and Dave Underwood

Contact: Heather Smith

​​One individual was a one-of-a-kind professional, professor and mentor who transformed lives. The other person is a renowned business leader, who lent his entrepreneurial spirit and expertise to help students prepare for successful careers. These two industry professionals — and Central Michigan University alumni — are this year's CMU College of Business Administration Hall of Fame inductees.

Doug Iles, '06, and Dave Underwood, '79, while at the top of their fields, took time to share their successes, lessons and advice with the next generation of business leaders and the greater university community.

Established in 2013, the CBA Hall of Fame honors, preserves and perpetuates the names and outstanding accomplishments of business leaders intrinsically linked with the College of Business Administration. Induction into the Hall of Fame is the highest honor bestowed by the college.

A ceremony to honor their achievements and contributions will be held at 6 p.m. Friday, Nov. 18, in the Bovee University Center Rotunda. For more information about the Hall of Fame and past recipients, visit the CBA Hall of Fame page. For questions about this year's induction ceremony, contact Cindy Howard at or 989-774-2130.​

Learn more about this year's inductees.

Doug Iles, '06Doug in his office_cropt32.jpeg

The late Doug Iles began his career as a Merrill Lynch wealth management advisor in 1981 and formed The Iles Group seven year later. Throughout his career, he was frequently recognized as one of Barron's top financial advisors.

Iles brought transformational change to the personal financial planning program at CMU and helped dozens of students start their careers.

He channeled his knowledge of the industry to secure a Certified Financial Planning® Board certification for the university's personal financial planning program — making it one of only three CFP® Board-registered bachelor's degree programs in Michigan. As a professor and dedicated mentor, Iles helped dozens of students excel in the classroom and launch successful careers.

"He was an incredible man. Not only did he see value in me and decide he was willing to spend time mentoring me, he carved out so much time for all of his students," Dan Ingles, a 2015 CMU alumnus, said of Iles. "He is the reason I went to work at Merrill Lynch."

Iles connected students with prominent employers attending on-campus financial planning program career events. He also developed and facilitated a CFP® boot camp to better prepare students for the CFP® certification exam. His guidance helped lead a team of students to second place at the 2016 International Association of Registered Financial Consultants National Plan Competition.

In addition to his many contributions directly to students and the personal financial planning program, Iles leveraged his success and knowledge to advance the university as a whole. He served a member of the Development Board, as well as chair of the Development Board Investment Committee and CMU Medical School Fundraising Committee.

Dave Underwood, '79dave_underwood-32t.jpeg

Forward-thinking, entrepreneurial and innovative — these words and more describe the incredible career and achievements of Dave Underwood.

In 1994, Underwood founded two companies — Integral Technologies and Exacq Technologies. His down-to-earth demeanor and savvy helped shape the businesses from the ground up and earned both businesses a place on Inc. magazine's list of the 500 fastest growing private companies in America.

"I truly love seeing something created from scratch," Underwood said of his career.

While Underwood and his partners sold Exacq Technologies in 2013, he remains active with the group. He also currently serves as vice president and general manager of Tyco International's video surveillance business. Tyco recently merged with Johnson Controls.

Underwood's companies have employed hundreds of people. His teams have developed common products and technologies regularly used today, including the first digital video recorder.

Underwood credits his success to the opportunities that were available to him as a student at CMU. His belief in a CMU education and the opportunities it brings has led him to remain engaged and provide guidance to the next generation of business students.

As a Dow Corning Executive-in-Residence keynote speaker, Underwood has shared his business and entrepreneurial expertise with CMU students and faculty. He has lent his advice to students competing in CMU's New Venture Competition. In addition to his many contributions to the College of Business Administration, Underwood donated state-of-the-art technology from his companies to benefit CMU.​​​

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