FEI Announces 2013 Hall of Fame Inductees
Earnest Edwards, William Parfet and Frederic Salerno to receive distinguished
honor at celebratory Gala on November 18th
MORRISTOWN, N.J., July 16, 2013
MORRISTOWN, N.J., July 16, 2013 /PRNewswire/ -- Financial Executives
International (FEI), the association of choice for CFOs and other senior-level
finance executives, today announced the selection of three new members to the
FEI Hall of Fame: Earnest Edwards, William Parfet and Frederic Salerno. Now in
its eighth year, this honor is awarded to highly-respected financial
executives for their performance, leadership and integrity. Mr. Edwards, Mr.
Parfet and Mr. Salerno will receive formal induction into the FEI Hall of Fame
on November 18, 2013 during a celebratory black-tie gala in their honor at
Gotham Hall in New York City.
Since the FEI Hall of Fame was established in 2006, 24 financial executives
from across the country have been honored. This year's inductees will join the
existing Hall of Fame members which include the 2012 class – William J.
Ihlanfeldt, Hans G. Storr, Robert P. Wayman and John K. Wulff – as well as
Robert C. Butler, Judy C. Lewent, and David B. Rickard (2011), Karl M. von der
Heyden and Ulyesse J. LeGrange (2010), Dennis D. Dammerman and Donald T.
Nicolaisen (2009), Susan Schmidt Bies and John F. Ruffle (2008), Thomas E.
Jones and Samuel Siegel (2007) and Dennis R. Beresford, Frank J. Borelli, F.
Gorham Brigham, Jr., Robert W. Moore and Charles H. Noski (2006).
"At FEI, we continually strive to promote leadership and ethical
accountability in the practice of financial management throughout our
organization. As such, we are proud to induct into the Hall of Fame these
three executives whose accomplishments are exemplary of our mission," said
Marie Hollein, CTP, President and CEO of Financial Executives International.
"It is our privilege and distinct honor to recognize the consistent best
practices of leaders within the financial profession, as these individuals
serve as role models, ambassadors and trusted colleagues within the industry
as a whole."
"We are thrilled to recognize the outstanding professional achievements of Mr.
Edwards, Mr. Parfet and Mr. Salerno during an evening in which we honor and
reflect on the developments and growth of our profession," said Jerry Urich,
Senior Director of External Reporting and Compliance at The Hershey Company,
and 2013 Chair of the FEI Hall of Fame Selection Advisory Council.
"The qualities inherent in these inductees are qualities that we at Microsoft
hold in the highest regard," said Frank H. Brod, Corporate Vice President of
Finance and Administration and Chief Accounting Officer of Microsoft
Corporation. "We are very excited to sponsor the FEI Hall of Fame for the
seventh consecutive year, and to join in celebrating the talents and expertise
of these leaders within the financial community."
Professional career accomplishments of this year's inductees include:
Earnest J. Edwards retired as the Senior Vice President and Controller of
Alcoa Inc. after 34 years with the company. Throughout his tenure at Alcoa,
Mr. Edwards served in a number of corporate and business roles and was named
one of "America's Ten Most Influential Corporate Figures in the Accounting
Field" by Accounting Today Magazine. Mr. Edwards has been noted for his
financial leadership on issues relating to business operations, cost
reductions initiatives and process improvements.
William U. Parfet has been Chairman and CEO of MPI Research for 14 years.
Prior, Mr. Parfet held executive positions at several other large corporations
including Richard-Allan Medical and The Upjohn Company (now recognized as
Pfizer). Mr Parfet also served as the Trustee for the Financial Accounting
Foundation (FAF), a member of the Emerging Issues Task Force (EITF), the
National Chairman of FEI and the Commissioner for the Michigan Department of
Frederic V. Salerno was Vice Chairman and CFO at Verizon Communications, Inc.
where he was the lead negotiator for a number of the company's most notable
mergers, including Bell Atlantic and NYNEX merger. Mr. Salerno retired after a
long tenure with the company and currently serves on the board of directors of
several companies in the media, energy and financial services industries.
The FEI Hall of Fame inductees were nominated by their peers and were selected
by a committee comprised of corporate leaders that include current and past
FEI leadership as well as previous Hall of Fame inductees. The 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. Additional information on the FEI Hall of Fame and the Gala can
be found at www.feihall.org.
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 at companies
from every major industry. FEI enhances member professional development
through peer networking, career management services, conferences,
teleconferences and publications. Members participate in the activities of 86
chapters, 74 in the U.S., 11 in Canada and 1 in Japan. FEI is headquartered in
Morristown, NJ, with additional offices in Washington, D.C. and Toronto.
Visit www.financialexecutives.org for more information.
SOURCE Financial Executives International
Contact: Media Contact: Julia DePaul, FTI Consulting, (212) 850-5615,
Julia.Depaul@fticonsulting.com or Lili DeVita, FEI, 973-765-1021,
Press spacebar to pause and continue. Press esc to stop.