Former FEI Chairman Jim Abel to Serve Position in Interim
FLORHAM PARK, N.J., June 6 /PRNewswire/ -- Financial Executives
International (FEI), the preeminent association for financial executives,
today announced the resignation of Michael P. Cangemi, CPA as president and
CEO.
"Financial Executives International has my utmost respect and
admiration. Returning to my professional practice at this time is purely a
personal decision," said Cangemi. "I have thoroughly enjoyed my time with
FEI, and I would like to thank FEI's membership, its board, and its
incredible staff and volunteer leadership for allowing me the opportunity
to work with one of the most outstanding organizations for the financial
community. I look forward to using my expertise with accounting policy
issues to continue to stay active with FEI."
"In the time he has been with us, Michael has made significant
contributions to FEI and the Financial Executives Research Foundation,"
said Alexis Dow, FEI Chairman. "We applaud his work and wish him the best
in the future. We look forward to his continued involvement with FEI."
Mr. Cangemi will stay on as president and CEO through the end of the
fiscal year, June 30, 2008. He will also continue in a role as senior
advisor for FEI, with a focus on accounting policy issues and associated
advisory councils.
FEI will soon commence the search to identify a new president under the
direction of Richard Schrader, FEI Chairman, 2006-07 and executive vice
president & CFO, Parsons Brinckerhoff. In the interim, former FEI Chairman
Jim Abel has agreed to serve as acting president and CEO to help provide
guidance and oversight of FEI and FERF activities. Mr. Abel has dedicated
over 26 years of service to FEI. In addition to serving as Chairman from
1998-99 he has held a number of National roles with FEI and has also served
as president of the Northeast Ohio Chapter. Mr. Abel recently retired as
executive vice president and CFO of Lamson & Sessions, a Cleveland-based
manufacturer of building and construction products.
About FEI
Financial Executives International is the leading advocate for the
views of corporate financial management. Its 15,000 members hold
policy-making positions as chief financial officers, treasurers and
controllers. FEI enhances member professional development through peer
networking, career management services, conferences, teleconferences and
publications. Members participate in the activities of 85 chapters, 74 in
the U.S. and 11 in Canada. Visit http://www.financialexecutives.org for
more information.
SOURCE Financial Executives International
 back to top
Related links:
http://www.financialexecutives.org
CONTACT:
Nicole Madison of FD, +1-212-850-5647,
Nicole.Madison@fd.com; or Lili DeVita of FEI, +1-973-765-1021,
ldevita@financialexecutives.org
|
