updated November 21, 2007

Olivencia, a 1994 electrical engineering alumnus, is director of Oracle's Executive Insight Program of Troy, Mich. Under his guidance a five-person business development team increased revenue in the division from $5 million to $30 million over two years. His personal efforts increased revenue by $17.6 million.

HACR recognized young executives across the country on the basis of the candidates’ accomplishments, established leadership qualities, industry expertise, education and employment experiences, as well as a demonstrated commitment to their communities. The honorees were between 25-40 years of age, of Latino origin and employed by a Fortune 500 company or HACR corporate member. HACR is a coalition of the nation’s most influential community-based organizations.

“We have found that a company’s success is being increasingly influenced by their inclusion of professionals from the growing Hispanic population,” said HACR President and Chief Executive Officer Carlos Orta. “It is important for us to recognize these young professionals who are helping to fuel the engines that drive our country’s economy.”

Olivencia joined other Young Hispanic Corporate Achievers award winners in taking part in a leadership development and networking program and were formally recognized as role models for other young, corporate professionals by their respective companies, HACR and invited leaders from the nation’s capital. Olivencia was six honorees from the Midwest. Other award winners were executives of AT&T, IBM, Ford Motor Company, Merck & Co., The Home Depot, PepsiCo Inc., Lehman Brothers, State Farm Insurance, National City Bank, Wells Fargo Bank, Sallie Mae and Union Pacific Railroad.

Olivencia is the product of a modern day rags-to-rich story. He grew up on the south side of Chicago and his father, a high school dropout, worked as a carpenter during the day and a janitor at night to put his son through school. That image drove Olivencia to succeed in his career and community. After graduating from Rose-Hulman, he went onto earn a master's degree in business administration from the University of Notre Dame (2004) and participate in the Harvard Business School's NACR Corporate Governance program (2006). He earned the Notre Dame Mendoza College of Business' Distinguished Alumni Award in 2006.

President of the Hispanic IT Executive Council (HITEC), Olivencia has extensive experience in strategic planning, technology optimization, business alignment, and IT finance, with functional specialties in marketing, finance, and general management. He has implemented successful technology strategies and business alignment solutions at multiple Global 500 firms. His expertise crosses diverse industries including high-tech, software, automotive, public sector, insurance and telecommunications.

Prior to his career at Oracle, Olivencia had various enterprise architecture and strategy leadership roles at Ford Motor Company, Intelligroup and Accenture. From a civic and community perspective, he was the 2005 and 2006 chair of the Detroit Hispanic Development Corporation’s Technology Breakfast “IT Executive Bridging the Digital Divide” and was featured in BusinessWeek as part of its MBA “Day in the Life” series and Hobson’s Hispanic MBA Student’s Guide 2007 Edition. He is married and has small two children and enjoys spending free time in family activities.

More information about Olivencia and his two recent awards can be found at http://www.hacr.org/yhca/pageID.90/default.asp;

http://www.crainsdetroit.com/apps/pbcs.dll/dcce?Date=20070924&Module=40&ID=353683&Selected=27

and http://www.linkedin.com/in/davidolivencia.