Worcester Business Journal

www.wbjournal.com February 16, 2014 • Worcester Business Journal 17 Do you know where your money is going? How would your donors and employees feel if they knew your endowment and your 403(b) plan invests in companies that cause the problem your mission is trying to eliminate? Transparent, Responsible Investing Does Not Always Require Giving Up A Competitive Rate of Return. 385 South St., Shrewsbury, MA 01545 Chris@ProvoFinancial.com 508.842.0539 Office 508.842.0571 Fax 508.294.2004 Cell www.ProvoFinancial.com Securities offered through LPL Financial, member FINRA/SIPC. Investment Advice offered through Provo Wealth Management Group, a registered investment advisor. Provo Financial Services, Inc. and Provo Wealth Management Group are separate entities from LPL Financial. Provo Financial Services, Inc. voted best Financial Planning/ Investment Services Firm in central Massachusetts based on The Worcester Business Journal online polling. Awards W o r ce s t e r B us i n e s s J o u r n a l 2015 B E S T O F B U S I N E S S W o r ce s t e r B us i n e s s J o u r n a l 1992 - 2015 Celebrating 23 Years of Innovation Wealth Management is not only about where your money should go, but also where your money can take you. FounDations – What's In Your Endowment? 403(b) Plan? Given their vast portfolio, xyz Lung Cancer Cure Foundation... is unknowingly investing in Tobacco Company stock! Hypothetical example for illustrative purposes. Individual results will vary. To obtain a free foundation transparency test, or learn more about how you can align your investment choices with your mission, go to www.DonorTruth.com or email us at info@retirementplantruth.com. 4 Christopher P. Provo RFC, CRPC ® President/CEO When engaging in socially responsible investing strategies, the return may be lower than if the money manager or adviser made decisions based solely on investment considerations. No strategy assures success or protects against loss. >> B U S I N E S S L E A D E R S O F T H E Y E A R as Milford. He also contracts with insti- tutions such as schools and medical facilities, including AdCare Hospital, an addiction treatment organization with an inpatient facility in Worcester. The Family Pharmacy hub is Worcester, where Family Pharmacy also keeps its headquarters. And Mohaghegh also runs another business, Medserv International, out of that Worcester site. The medical supply and equipment company serves clients in the Middle East, but is separate from his earlier Dubai-based business. Medserv employs a handful of people locally. "In heart and soul, I'm a Worcester boy," Mohaghegh said. In 2012, he proved that point when he purchased some old manufacturing buildings on Grove and Prescott streets, near Gateway Park and a cluster of incu- bators. The former Washburn & Moen Manufacuring Co. building at 100 Grove St. houses his offices, but he also has a number of tenants, and is working with the Worcester Business Development Corp. on plans for a potential mixed-use development, according to Timothy Murray, CEO of the Worcester Regional Chamber of Commerce. Murray, who sits on Family Pharmacy's advisory board, said he got to know Mohaghegh when Murray resigned as lieutenant governor in 2013 for his current job at the chamber. Murray said he was struck by Mohaghegh's "serial entrepreneur nature" and creativity, which are being put to good use in an area of the city that's seeing rapid transformation. "I think he's a great Worcester story," Murray said. n Hamid Mohaghegh Doron Kempel On WBJournal.com Watch a brief video clip of Hamid Mohaghegh, at www.wbjournal.com/mohaghegh. On WBJournal.com 2014 LARGE BUSINESS Valentin Gapontsev, IPG Photonics Corp., Oxford SMALL BUSINESS Doron Reuveni, uTest, Framingham NONPROFIT Matthias Waschek, Worcester Art Museum CORPORATE CITIZEN Consigli Construction Co., Milford >> Continued from Page 13 through OmniCube as a key reason for backing SimpliVity. A man with a 'lot of conviction' Matt Murphy, a member of the SimpliVity board and general partner for investor firm Kleiner Perkins Caufield & Byers, which has invested in the compa- ny, has worked with Kempel for two- and-a-half years. During that time, he has seen both Kempel's ability to plan well into the future as well as how he focuses on specifics. "He is one of the most detail-oriented person I have ever worked with in my life," Murphy said. "He is the kind of leader who has a lot of conviction and the data to back it up and wants to get after it. A lot of times you hold on and let him run." Kempel has also built a strong team around him, Murphy said, and he has the foresight of updating the management structure ahead of the company's growth so that ongoing expansion can be accom- modated smoothly. 'A culture of debate' Kempel also explained that he was careful to create a "debate oriented" cul- ture at SimpliVity to encourage execution excellence and continuous innovation. To facilitate this culture, Kempel min- imized SimpliVity's hierarchy. "If you look to establish a culture of debate as a means for sharpening your understanding of what is going on and making better decisions, it cannot be a hierarchical culture," he said. "In hierar- chical cultures, no one disagrees with the captain even when she flies the plane into the mountain." As SimpliVity grows, Kempel must rely on his team to push the business forward. "I think my number one responsibility is to help shape the goals, strategy and to make sure the environment is fair," he said. "The number one responsibility of the leader, in my mind, is (to) have a fair environment." Kempel sees no limit for SimpliVity, which he said has spearheaded a new market and thus has a jump on its com- petitors. "We have no excuses …. It's up to us. If we continue staying focused, I think the company can (continue to grow) very fast and be a big player in this market," Kempel said. n >> Continued from Page 12 Watch a brief video clip of Doron Kempel, at www.wbjournal.com/kempel.

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