Carroll University names first executive director in department of business

Carroll University’s Department of Business, Accounting and Economics has hired its very first executive director as the department evolves into a full-fledged school of business.


After a national search, the Waukesha-based school selected Carol Tallarico to fill the newly created position, effective July 1.

Tallarico is an economist and author with an award-winning career in the classroom. She most recently served as a professor of economics at Dominican University in River Forest, Ill. During part of her tenure at Dominican, Tallarico was the undergraduate chair of the Brennan School of Business. In this capacity, she largely focused on securing the school’s AACSB accreditation.

Among Tallarico’s teaching accolades is the Oscar Miller Award for Teaching Excellence, distributed by the University of Illinois at Chicago, where Tallarico completed a Ph.D. in economics.

Tallarico’s published books and monographs include “Does Simultaneity Matter? The Relationship between Economic Growth and the Socio-Political Environment” and “Global Peace through Commerce: A Real Possibility?”

Additionally, Tallarico has authored articles for leading academic journals and given presentations at many conferences on business and economics.

“We are delighted to welcome Dr. Tallarico into the Carroll University community,” said Dr. Joanne Passaro, provost and vice president for academic affairs at the university. “She is an entrepreneurial and innovative leader who is highly regarded among her peers. We look forward to working with Carol, the business faculty and our many stakeholders to transition the department into a premier school of business that will achieve AACSB accreditation over the next five to 10 years.”

The search for the department’s executive director was led by Terry Murphy, a member of Carroll University’s Board of Trustees, with help from Myers McRae Executive Search and an interviewing panel of eight Carroll representatives.

“After a comprehensive search process, I am pleased the university was able to attract someone with Carol’s talents to lead the Department of Business Accounting and Economics into the next phrase of its strategic development,” Murphy said. “Carol brings with her outstanding academic credentials and a level of energy and enthusiasm that will be contagious with everyone who has the opportunity to work with her.”

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