Susan Schmidt Bies & John Ruffle To Be Honored at Celebratory Gala Nov. 17
FLORHAM PARK, N.J., July 24 /PRNewswire/ -- Financial Executives
International (FEI), the preeminent association for financial executives,
today announced that Susan Schmidt Bies, Ph.D., former member of the Board
of Governors for the Federal Reserve and John F. Ruffle, former Chairman of
the Board of FEI, have been selected as the 2008 class of inductees of the
FEI Hall of Fame. The FEI Hall of Fame, co-sponsored by the Microsoft
Corporation, recognizes individuals who epitomize the performance,
leadership and integrity of the most exemplary financial executives
throughout their careers.
Susan Schmidt Bies and John F. Ruffle will join an impressive roster of
past inductees, which include Thomas Jones, Samuel Siegel, Dennis R.
Beresford, Frank J. Borelli, F. Gorham Brigham, Jr., Robert W. Moore and
Charles H. Noski. This esteemed honor was established in 2006 to
commemorate FEI's 75th Anniversary as an organization serving financial
executives. The 2008 class of inductees will be formally honored at an
induction ceremony at the FEI Hall of Fame Gala Dinner on November 17, 2008
at the New York Stock Exchange in New York City. Additional information on
the event can be found at http://www.feihall.org.
"FEI's Hall of Fame has become an important tradition not only for our
organization, but for the financial community as a whole. It provides an
opportunity to celebrate the leadership, excellence and accomplishments of
our financial executives, and Ms. Bies and Mr. Ruffle are truly deserving
of this honor," said James J. Abel, Acting President and CEO of Financial
Executives International. "The 2008 inductees have exhibited outstanding
leadership, innovation and integrity that as finance professionals, we
should all strive to model. I congratulate them on joining this elite
class."
"The FEI community is comprised of financial leaders who demonstrate
talent and expertise in their field, and this year's Hall of Fame class is
no exception," said Frank H. Brod, Corporate Vice President, Finance and
Administration and Chief Accounting Officer, Microsoft Corporation. "The
qualities inherent in the honorees are qualities that we at Microsoft hold
in the highest regard. Microsoft is proud to be the premier sponsor of
FEI's Hall of Fame, and we join in congratulating the 2008 inductees on
their accomplishments."
A look at the inductees' significant accomplishments and impact on the
financial community includes:
Dr. Susan Schmidt Bies served as a member of the Board of Governors of
the Federal Reserve System from 2001 through 2007. As part of her duties,
she represented the Federal Reserve in the Financial Stability Forum and
served as Chairman of the Committee on Supervisory and Regulatory Affairs.
Prior to joining the Federal Reserve, Dr. Bies spent more than two decades
at First Tennessee National Corporation in Memphis, Tennessee, where she
served in a number of high ranking positions of increasing importance,
including Executive Vice President for Risk Management and Auditor,
Executive Vice President and Chief Financial Officer, and Senior Vice
President and Treasurer. Earlier in her career, Dr. Bies held positions at
Rhodes College, Wayne State University and the Federal Reserve Bank of St.
Louis.
Dr. Bies currently leads the Subcommittee on Substantive Complexity of
the SEC Advisory Committee on Improvements to Financial Reporting and
serves on the Boards of Directors of Zurich Financial Services and of
Zurich Insurance Company. She has been active with various organizations,
including the Financial Accounting Standards Board Emerging Issues Task
Force, the FEI Committee on Corporate Reporting, the End Users of
Derivatives Association, the American Bankers Association, and the Bank
Administration Institute.
John F. Ruffle served as Vice Chairman and Director of J.P. Morgan &
Co. Incorporated and Morgan Guaranty Trust Company of New York, from 1985
through 1993. Mr. Ruffle began his career with J. P. Morgan as Controller
in 1970 and became the company's Chief Financial Officer in 1980. Before
joining J. P. Morgan, he also held positions with Price Waterhouse and the
International Paper Company.
Mr. Ruffle currently serves as a Director of several mutual funds in
the JP Morgan Family, as well as certain other investment funds managed by
J.P. Morgan Investment Management Inc. He is also a Director of American
Shared Hospital Services, Inc. and an Emeritus Trustee of the Board of
Trustees of John Hopkins University. He was chairman of the Board of
Financial Executives International in 1984 and served on the board of the
Financial Accounting Foundation from 1985 to 1990, serving as chairman for
two of those years. In prior years Mr. Ruffle has served as a member of the
Board of Directors of many companies, including Bethlehem Steel
Corporation, Wackenhut Corporation, Wackenhut Corrections Corporation,
Trident Corporation, and Sallie Mae.
Nominees were evaluated on their exceptional attributes in categories
considered essential to executive excellence, including individual and
organizational performance, leadership, integrity and respect for others,
innovation and community involvement. Inductees were selected by a
committee comprised of corporate leaders that include current and past FEI
leadership.
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 84 chapters, 73 in
the U.S. and 11 in Canada. Visit http://www.financialexecutives.org for more
information.
About Microsoft Corporation
Founded in 1975, Microsoft Corporation is the worldwide leader in
software, services and solutions that help people and businesses realize
their full potential. The company offers a wide range of products and
services designed to empower people through great software. Visit
http://www.microsoft.com for more information.
SOURCE Financial Executives International
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Related links:
http://www.financialexecutives.org
http://www.feihall.org http://www.microsoft.com
CONTACT:
Nicole Madison, FD, +1-212-850-5647,
nicole.madison@fd.com; or Lili DeVita, FEI, +1-973-765-1021,
ldevita@financialexecutives.org
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