An executive with a private equity firm and his wife have given Purdue University a $5 million gift to support the business analytics center in the Krannert School of Management, Purdue announced Tuesday.
The Business and Information Analytics Center will be renamed the John and Donna Krenicki Center for Business Analytics and Machine Learning, pending board of trustees approval.
Purdue said the gift from the Krenickis will be used to leverage additional support from corporate partners for the consulting services of the center, eventually providing a $10 million initiative.
“Our center connects businesses with Purdue researchers to find answers to data-driven business challenges,” said Karthik Kannan, director of the center, in a written statement. “We team faculty and graduate students from science, engineering, agriculture and management to utilize business data analytics to solve deep specialized problems.”
John Krenicki received a master’s degree in management from Krannert Executive Education Programs in 1991 and was named a Krannert distinguished alumnus in 2013. He’s a senior operating partner with New York City-based private equity investment firm Clayton, Dubilier & Rice. He previously spent 29 years at General Electric Co., notably as vice chairman and CEO of GE Energy.
Donna Krenicki is a trustee of the Berkshire Museum in Massachusetts and a member of the UConn School of Fine Arts advisory board.
Their son, Michael Krenicki, is a 2019 Krannert MBA graduate.
The couple previously made major gifts to establish the John and Donna Krenicki Directorship of the Purdue Institute for Integrative Neuroscience and the Krenicki Family Directorship in Inflammation, Immunology and Infectious Disease. They also funded the John and Donna Krenicki Chair in Operations Management in the Krannert School.
“This investment plays to Purdue’s strengths as a premier data-driven business school and STEM research institute,” said John Krenicki in written comments. “We are proud of the Purdue team and excited about the center’s future.”