2009 National Treasurers Conference Program · 2009 National Treasurers Conference May 27-29, 2009...
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2009 National Treasurers Conference Program Park Hyatt Philadelphia | Philadelphia, Pennsylvania | May 27-29, 2009
Transcript of 2009 National Treasurers Conference Program · 2009 National Treasurers Conference May 27-29, 2009...
2009 National Treasurers Conference ProgramPark Hyatt Philadelphia | Philadelphia, Pennsylvania | May 27-29, 2009
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TABLE OF CONTENTS
4 Program at a glance
6 KeYnote SPeaKerS
7 Program
9 nact BoarD oF DIrectorS
10 BoarD memBerS
11 nact StaFF
12 Hotel Floor Plan
13 SPonSorS
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PROGRAM AT A GLANCE2009 National Treasurers ConferenceMay 27-29, 2009 | Philadelphia, PA
Wednesday, May 27, 2009
12:00 noon – 5:30 p.m. Conference Registration Promenade
6:30 p.m. – 8:30 p.m. Opening Reception Conservatory
10:00 p.m. – 11:00 p.m. Hospitality Suite at the Park Hyatt
Winehall (19th Floor)
Thursday, May 28, 2009
7:30 a.m. – 5:00 p.m.Conference Registration Promenade
7:30 a.m. – 8:30 a.m.Regional Breakfast Roundtables Conservatory
7:30 a.m. – 8:30 a.m.Guest Breakfast Suite 1208 – Calder Suite
10:00 a.m. – 3:30 p.m. Optional Guest Event: A Tour of Historic PhiladelphiaNote: Please meet in the lobby of the hotel promptly at 9:30 a.m.
Tour of Historic PhiladelphiaThe tour begins on Ellreth Alley, the charming cobblestone street located in the historic district of Philadelphia. The tour includes Christ Church, Franklin Court, and Congress Hall. Lunch will be held at The City Tavern. The tour concludes with a visit to Franklin Institute for a showing of the Galileo exhibit.
8:30 a.m. – 12:00 noon Open Forum Rose Garden
10:30 a.m. – 10:45 a.m. Refreshment Break Promenade
12:00 noon – 1:30 p.m.Lunch and Guest Speaker – Herb Taylor Conservatory
1:45 p.m. – 2:45 p.m.General Session: FX Risk ManagementRose Garden
2:45 p.m. – 3:00 p.m. Refreshment BreakPromenade
3:00 p.m. – 4:00 p.m.General Session: Financial Risk ManagementRose Garden
4:00 p.m. – 5:00 p.m. General Session: Liquidity Management in Volatile MarketsRose Garden
6:15 p.m.Buses Depart for the Wharton School
6:30 p.m. – 10:00 p.m.Reception, Dinner, and Guest Speaker at the Wharton School
10:00 p.m. – 11:00 p.m. Hospitality Suite at the Park HyattWinehall (19th Floor)
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Friday, May 29, 2009
7:30 a.m. – 12:30 p.m.Conference Registration Promenade
7:30 a.m. – 9:30 a.m.Continental Breakfast and Presentation Conservatory
7:30 a.m. – 9:30 a.m.Guest BreakfastSuite 1208 - Calder Suite
8:00 a.m. – 9:30 a.m.The Hackett Group Presentation on Cash Flow Forecasting StudyConservatory 9:30 a.m. – 9:45 a.m.Refreshment BreakPromenade
9:45 a.m. – 11:15 a.m.General Session: Retirement Plan Strategies in the Aftermath of the Perfect StormRose Garden
11:15 a.m. – 12:30 p.m. NACT New Initiatives and Annual Membership Business Meeting Rose Garden
12:30 p.m. – 12:45 p.m.Conference Adjourns
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KEYNOTE SPEAKERSHerb TaylorFederal Reserve Bank of Philadelphia
Herb Taylor started his career at the Federal Reserve Bank of Philadelphia in
1981 as an economist and was later named head of the Research Department’s
macroeconomics and monetary policy unit. In 1991, he became the Bank’s
public affairs officer, with responsibility for its external outreach, media
relations, and public education programs. Currently, he is the Bank’s corporate
secretary, charged with administration of the Bank’s board of directors and
advisory councils. He is a member of the National Association for Business
Economics and the Philadelphia Council for Business Economics. He serves on
the following boards: Economics Pennsylvania, which promotes the teaching
of economic and financial literacy in primary and secondary schools; CFA
Society of Philadelphia, a chapter of the CFA Institute; and the Bond Club of
Philadelphia. He received a B.A. in economics from La Salle University and a
Ph.D. in economics from Temple University.
Christopher C. GezcyThe Wharton School
Christopher C. Geczy, Ph.D., is an Adjunct Associate Professor of Finance at The
Wharton School at the University of Pennsylvania. His current research focuses
on various topics including risk management, multifactor models, the
performance of managed funds, various aspects of equity lending and short-
selling, and shareholder agreements among parties to firms. His work has
appeared in various books and scholarly journals including the Journal of
Finance, Journal of Financial Economics and the Journal of Political Economy.
It has also been covered in the Wall Street Journal, The New York Times, The
Financial Times, Forbes, SmartMoney Magazine, on CNBC’s Squawk Box and
in numerous other media outlets. Professor Geczy is a Fellow of the Wharton
Financial Institutions Center and has been the New York Stock Exchange
Fellow and the Geeweax-Turker Fellow at the Rodney L. White Center for
Financial Research at Wharton. He has a B.A. in economics from the University
of Pennsylvania and a Ph.D. in finance and econometrics from the Graduate
School of Business at the University of Chicago. Before his studies at Chicago,
Chris worked for the Board of Governors of the Federal Reserve System,
Washington, D.C., in its Division of Research and Statistics. He regularly teaches
investment management and co-created the first full course on hedge funds
at The Wharton School along with a number of executive education courses
and has taught AIMR-accredited professional Risk Management courses
through the University of Chicago’s Graduate School of Business. Chris also
has appeared often in the Securities Industry Association’s annual Institute,
speaking about hedge funds and alternative investments. He is on the
Economic Advisory Board of the NASDAQ, acts as an editor of the Journal of
Alternative Investments, is a founding board member of the Mid-Atlantic Hedge
Fund Association, and serves on the curriculum and exam committees of the
Chartered Alternative Investment Analyst Association. Chris has consulted
for clients in the areas of asset allocation, hedge fund portfolio analysis and
development, financial risk management, and the development of investment
and trading strategies. Focusing on the recent turbulence in today’s financial
environment, this session will first provide a broad survey of economic trends
affecting firms, markets, and investors. It will help to frame how the business
cycle (recessions and booms, bubbles and crashes) affects interest rates and
bond prices, as well as corporate earnings and stock prices. After this broad
overview of the current state of the economy, the session will explore the
number of alternative investment options that are available to investors and
will discuss the important and critical role they play in investor portfolios, while
understanding the different risk and liquidity
profiles from those in standard asset classes.
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Wednesday, May 27, 2009
12:00 noon – 5:30 p.m. Conference Registration
Promenade
6:30 p.m. – 8:30 p.m.
Opening Reception Conservatory
Enjoy this first opportunity to network with other treasurers during a reception
at the Park Hyatt.
10:00 p.m. – 11:00 p.m.
Hospitality Suite at the Park Hyatt
Winehall (19th Floor)
Thursday, May 28, 2009
7:30 a.m. – 5:00 p.m.Conference Registration
Promenade
7:30 a.m. – 8:30 a.m.Regional Breakfast Roundtables
ConservatoryTimely and relevant breakfast roundtable discussions that bring members
together by geographical region. Activities and issues specific to the various
regions are discussed, and members are invited to provide direct input and
suggestions to the NACT Board of Directors on ways to increase the value of
NACT membership and meetings.
7:30 a.m. – 8:30 a.m.Guest Breakfast
Suite 1208 – Calder Suite
8:30 a.m. – 12:00 noon
Open Forum
Rose Garden
Moderator: Mark Peterson, Senior Vice President & Treasurer
The Servicemaster Company
Don’t miss the most popular session of our Annual Conference. This is your
chance to share your knowledge and experiences, as well as ask questions
and gain insights from your fellow Treasurers on the latest financial topics. It all
takes place in a candid, open forum setting.
10:00 a.m. – 3:30 p.m. Optional Guest Event: A Tour of Historic PhiladelphiaNote: Please meet in the lobby of the hotel promptly at 9:45 a.m.
The tour begins on Ellreth Alley, the charming cobblestone street located in the
historic district of Philadelphia. The tour includes Christ Church, Franklin Court,
and Congress Hall. Lunch will be held at The City Tavern. The tour concludes
with a visit to Franklin Institute for a showing of the Galileo exhibit.
10:30 a.m. – 10:45 a.m.
Refreshment Break
Promenade
12:00 noon – 1:30 p.m.Lunch and Guest Speaker – Herb Taylor Conservatory
1:45 p.m. – 2:45 p.m.General Session: FX Risk ManagementRose Garden
Moderator: Kim Hunter, Corporate Treasurer, Corn Products International, Inc;
Panelists: Paul Beard, Vice President of Finance and Treasurer, McCormick
& Company, Inc.; Kevin Leader, Principal Vice President and
Treasurer, Bechtel Corporation, and Edward E. Liebert, Treasurer,
Rohm and Haas Company
FX volatility remains historically high “upping the ante” for Treasurers on the
effectiveness of their FX risk management policies and practices. This session
is an opportunity to compare approaches and share experiences with other
Treasurers on managing FX risk in the current environment.
2:45 p.m. – 3:00 p.m.
Refreshment BreakPromenade
2009 TREASURERS CONFERENCE PROGRAM
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3:00 p.m. – 4:00 p.m.General Session: Financial Risk ManagementRose Garden
Moderator: Thomas C. Deas, Jr., Vice President & Treasurer, FMC Corporation
Panelists: Joe Sullivan, Vice President and Treasurer, Airgas, Inc.;
Mark Rothleitner, Vice President Investor Relations & Treasurer,
The Black and Decker Corp.
In today’s continuing financial crisis, treasurers have had to peel back layer after
layer to identify financial risks that had never concerned them until now. Not
a few treasurers have found themselves grossing up borrowing notices to fill
holes left by Lehman Brothers or Bear Stearns, or finding receivables financing
programs withdrawn, or discovering auction-rate securities weren’t really just a
yield-enhanced cash equivalent, or that their 401(k)’s stable value fund wasn’t
so stable. These issues and others led to attention at the shareholder and board
levels of treasurers’ efforts at risk identification, tracking and mitigation. Hear
a panel of treasurers discuss how they’ve mended these and other potential
holes in their companies’ financial safety nets.
4:00 p.m. – 5:00 p.m.
General Session: Liquidity Management in Volatile MarketsRose Garden
Moderators: Brad Fox, Vice President & Treasurer, Safeway, Inc.;
Paulette Mehas, Treasurer, Silicon Valley Bank
Panelists: Rosa Stroh, Vice President & Treasurer, The Hershey Company;
Erin Selleck, Executive Vice President & Treasurer, Union Bank
of California
The credit crisis has placed considerable stress on corporate treasurers in both
the short term financing and investing arenas. Within this context, however,
creativity and at times, ingenuity have been required to find new ways to
manage liquidity risks. This panel session will present case studies from NACT
member companies on innovative approaches to the short term markets.
6:15 p.m. Buses depart from the lobby of the hotel for the Wharton School
6:30 p.m. – 10:00 p.m.Reception, Dinner, and Guest Speaker at the Wharton SchoolEnjoy a reception and dinner at the Wharton School. After dinner, enjoy guest
speaker Dr. Christopher Geczy, Adjunct Associate Professor of Finance at the
Wharton School at the University of Pennsylvania.
10:00 p.m. – 11:00 p.m.
Hospitality Suite at the Park HyattWinehall (19th Floor)
Friday, May 29, 2009
7:30 a.m. – 12:30 p.m.Conference Registration Promenade
7:30 a.m. – 9:30 a.m.Continental Breakfast and Presentation Conservatory
7:30 a.m. – 9:30 a.m.Guest BreakfastSuite 1208 - Calder Suite
8:00 a.m. – 9:30 a.m.Hackett Group Presentation on Cash Flow Forecasting StudyConservatory
9:30 a.m. – 9:45 a.m.Refreshment BreakPromenade
9:45 a.m. – 11:15 a.m.General Session: Retirement Plan Strategies in the Aftermath of the Perfect StormRose Garden
Panelists: Brian Ralph, Vice President, Client Advisor, JPMorgan Asset Management; Jim Reidy, Managing Director, Head of Long Duration Fixed Income, JPMorgan Asset Management; Karin Franceries, Vice President, Strategic Investment Advisory Group, JPMorgan Asset Management; John Geresi, Managing Director, Americas Corporate Banking, JPMorgan Asset Management
The combination of substantial declines in equity markets and record low interest rates have severely impacted the funded status of Defined Benefit Plans, and increased the focus on Plan Sponsors in communicating with their Defined Contribution Plan participants. This session will outline the complex issues facing Plan Sponsors, discuss strategies to deal with the issues, and invite feedback from treasurers on initiatives at their companies.
11:15 a.m. – 12:30 p.m. NACT New Initiatives and Annual Membership Business Meeting Rose Garden
Guest Speaker: Mark Agnew, CEO, PeerSavvy, Inc.
12:30 p.m. Conference Adjorns
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NACT BOARD OF DIRECTORSCHAIRMANEdward E. Liebert TreasurerROHM AND HAAS COMPANY100 Independence Mall WestPhiladelphia, PA 19106Tel: (215) 592-6905 / Fax: (215) 592-6787E-mail: [email protected]
PRESIDENTBarbara M. Gomez Vice President and TreasurerARIZONA PUBLIC SERVICE COMPANY400 North 5th StreetMail Sta 9996Phoenix, AZ 85004Phone: (602) 250-5677 / Fax: (602) 250-5640E-mail: [email protected]
EXECUTIVE VICE PRESIDENT Bradley Fox (2009 Annual Meeting Chair)Vice President & TreasurerSAFEWAY INC.5918 Stoneridge Mall RoadPleasanton, CA 94588Phone: (925) 467-3352 / Fax: (925) 467-3125E-mail: [email protected]
SECRETARY/TREASURERScott Morrison Vice President and TreasurerBALL CORPORATION10 Longs Peak DriveBroomfield, CO 80021Tel: (303) 460-2191 / Fax: (303) 460-2127E-mail: [email protected]
IMMEDIATE PAST CHAIRMANMark Peterson Senior Vice President & TreasurerTHE SERVICEMASTER COMPANY860 Ridge Lake BoulevardMemphis, TN 38120Tel: (901) 597-6839 E-mail: [email protected]
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Thomas C. Deas, Jr.Vice President & TreasurerFMC CORPORATION1735 Market StPhiladelphia, PA 19103-7501Tel: (215) 299-6921 / Fax: (215) 299-6557E-mail: [email protected]
Edward J. Filusch Vice President and Corporate TreasurerCOLGATE-PALMOLIVE CO.300 Park Avenue, 14th FloorNew York, NY 10022-7499Tel: (212) 310-2145 / Fax: (212) 310-2873E-mail: [email protected]
Patrick J. FlanaganVice President & Treasurer24 HOUR FITNESS WORLDWIDE12647 Alcosta Blvd, Suite 500San Ramon, CA 94583-4436Tel: (925) 543-3304 / Fax: (925) 543-3356E-mail: [email protected]
Gerard A. Halpin IIIPresident & Chief Executive OfficerSIEMENS CAPITAL COMPANY LLC170 Wood Ave S.Iselin, NJ 08830Tel: (732)-590-2510 / Fax: (732)-590-2501E-mail: [email protected]
Kimberly A. HunterCorporate TreasurerCORN PRODUCTS INTERNATIONAL, INC.5 Westbrook Corporate CtrWestchester, IL 60154-5749Tel: (708) 551-2637 / Fax: (708) 551-2630E-mail: [email protected]
Richard LaidermanTreasurerVISA, Inc.PO Box 8999San Francisco, CA 94128-8999Tel: (650) 432-2263E-mail: [email protected]
Karen N. LathamAVP - FinanceTTX COMPANY101 North Wacker DriveChicago, IL 60606Tel: (312) 984-3827E-mail: [email protected]
Paulette M. MehasTreasurerSILICON VALLEY BANK3003 Tasman Drive, HA200Santa Clara, CA 95054-1191Tel: (408) 654-7483 / Fax: (408) 496-2405E-mail: [email protected]
William Mekrut Vice President & TreasurerFM GLOBALP.O. Box 7500(1301 Atwood Avenue)Johnston, RI 02919Tel: (401) 275-3000 x 1520 / Fax: (401) 275-0825E-mail: [email protected]
Ruud RoggekampAssistant Treasurer, Corp. Finance & BankingTHE BOEING COMPANY100 N Riverside PlzChicago, IL 60606-1501Tel: (312) 544-2160 / Fax: (312) 544-2399E-mail: [email protected]
Mark RothleitnerVP Investor Relations & TreasurerTHE BLACK AND DECKER CORP.701 East Joppa RoadTowson, MD 21286Tel: (410) 716-3076 / Fax: (410) 716-3778E-mail: [email protected]
BOARD MEMBERSVictor R. Allen409 Lincolnshire Circle
Kingsport, TN 37663-4216
Tel: (423) 863-0189
E-mail: [email protected]
David A. BassVice President & Treasurer of Global Operations
ALCON LABORATORIES, INC.
6201 South Fwy, # T7-13
Fort Worth, TX 76134-2001
Tel: (817) 551-8759 / Fax: (817) 615-3872
E-mail: [email protected]
Paul C. BeardVice President of Finance & Treasurer
MCCORMICK & COMPANY, INC
18 Loveton Circle
Sparks, MD 21152-9202
Tel: (410) 527-6250 / Fax: (410) 527-8278
E-mail: [email protected]
George BittoVice President and Treasurer
Air Products & Chemicals Inc.
7200 Hamilton Blvd
Allentown, PA 18195
Tel: (610) 481-7622 / Fax: (610) 481-4165
E-mail: [email protected]
J. Gregory CoffeyVice President & Treasurer
SALLY BEAUTY HOLDINGS, INC.
3001 Colorado Blvd.
Denton, TX 76210
Tel: (940) 297-4615
E-mail: [email protected]
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Martin SchroeterTreasurerIBM1 New Orchard RoadArmonk, NY 10504Tel: (914) 499-4547 / Fax: (914) 499-2883E-mail: [email protected]
Erin SelleckSenior Vice President & TreasurerUNION BANK OF CALIFORNIA445 S Figueroa StLos Angeles, CA 90071-1601Tel: (213) 236-4054 / Fax: (213) 236-7411E-mail: [email protected]
Irina Simmons Senior Vice President & TreasurerEMC CORPORATION35 ParkwoodHopkinton, MA 01748Tel: (508) 435-1000 x 77039 Fax: (508) 293-7169E-mail: [email protected]
William H. Van LopikVice President & Corporate TreasurerS.C. JOHNSON & SON, INC.1525 Howe Street, M.S. 469Racine, WI 53403Tel: (262) 260-4310 / Fax: (262) 260-3692E-mail: [email protected]
Ramon YiVice President & TreasurerTransocean Offshore Deepwater Drilling Inc.4 Greenway PlazaHouston, TX 77046Tel: (832) 587-6195
E-mail: [email protected]
NACT STAFF Kathy HoskinsExecutive Director
(703) 234-4130
Courtney KrausAdministrator
(703) 234-4103
Laura YarboroughAdministrative Assistant
(703) 234/4131
Glenn BealesDirector of Finance
(703) 234-4090
Micki FrancisDirector of Communications
(703) 234-4060
NACT12100 Sunset Hills Road
Suite 130
Reston, VA 20190
Tel: (703) 437-4377
Fax: (703) 435-4390
Future MeetingMake Sure to Mark Your Calendar!
2009 Fall Day of Technical DiscussionsNovember 5, 2009
Hyatt Regency O’Hare
Rosemont, IL
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We look forward to seeing you at the 2009 Fall Day of Technical Discussions on Thursday, November 5th at the Hyatt Regency Hotel in Rosemont, Illinois.
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PARK HYATT PHILADELPHIA®
AT THE BELLEVUE
XIX RESTAURANT
WINE HALL
WOMEN
THE PROMENADEROSE GARDENXIX BAR
XIX CAFE
CLIVEDEN
MEN
NINETEENTH FLOOR
SQUARE CEILING DINNER SCHOOL HOLLOWROOM SIZE FEET HEIGHT BANQUET DANCE RECEPTION THEATRE ROOM CONFERENCE U-SHAPED SQUAREROSE GARDEN 67’ X 40’ 2,714 18’6” 250 200 275 400 160 60 70 78CLIVEDEN 30’ X 35’ 1,051 14’ 80 60 100 100 66 26 36 34WINE HALL 21’ X 34’ 726 14’ 50 30 60 50 33 28 27 24
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SPONSORSThe National Association of Corporate Treasurers gratefully acknowledges the following companies for providing financial support to assist us in achiev-ing greater communication among our members:
FM Global
JPMorgan Asset Management
Pacific Investment Management Company
LLC (PIMCO)
Standards & Poors
The Vanguard Group
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NOTES
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2010 National Treasurers ConferenceThe Fairmont Turnberry Isle Resort & Club June 2-4, 2010 | Aventura, Florida
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2009 National Treasurers Conference ProgramPark Hyatt Philadelphia | Philadelphia, Pennsylvania | May 27-29, 2009
