
On Thursday, December 14, the CCSNJ Board of Directors elected Board Officers and new Board members, re-elected Board members, and thanked retiring Board members at the Annual Meeting prior to the Holiday Party at Ramblewood Country Club.
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RE-ELECTED
BOARD MEMBERS
John A. DiAngelo
President & CEO
Inspira Health Network
Steven Krynski
General Manager
Paulsboro Refining Company, LLC
President & Chief Executive Officer
Bancroft
Shawn Ravitz
Vice President of Administration
Ravitz Family Markets
Mark M. Watermasysk
Assurance Partner
PricewaterhouseCoopers, LLP
RETIRING BOARD MEMBERS
Robert C. Caprice
Senior Vice President
Sales Performance and
Support Executive
Bank of America Merrill Lynch
Joseph Chirichella
President & CEO
Deborah Heart and Lung Center
Derrick R. Davis
Senior Vice President
Corporate Banking
Citizens Bank
Jeffrey E. DuBois
Executive Vice President
&
Chief Operating Officer
South Jersey Industries
Brenda Ross-Dulan
CEO,
The Ross-Dulan Group
Joseph B. Fetterman
Executive Vice President
Strategic Initiatives
Colliers International
Joseph R. Frantz
Manager - Corporate Initiatives
Holman Automotive
Emmanuel Gauffeny
Vice President, Supply Chain
ARC International North America
Carl R. Gibbs, Jr.
President & CEO
Sturdivant & Co., Inc.
Sharon M. Hammel
Senior Vice President
Chief Retail Officer
Republic Bank
Dr. Ali A. Houshmand
President,
Rowan University
Gina M. LaPlaca, Esq.
Director, State Government Affairs
Verizon New Jersey
Garry Maddox
Chief Executive Officer
A. Pomerantz & Company
Lee Wasman
Director, New Jersey State Relations
Atlantic City Electric
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CCSNJ Board member Kelly Johnston, Campbell Soup Company, (second from left) presented Camden City Mayor Dana L. Redd (center) with the Campbell Soup Extraordinary Leadership Award at the CCSNJ Annual Meeting on December 14. Also pictured are (from left) CCSNJ President & CEO Debra DiLorenzo, CCSNJ Chairman George Sowa, Greater Trenton, and CCSNJ Executive Vice Preisdent & COO Kathleen Davis.
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BOARD OFFICERS FOR 2018
Chairman
George D. Sowa
CEO,
Greater Trenton
Vice Chairman
Joseph W. Devine, FACHE
President,
New Jersey Division
Executive Vice President,
Hospital & Health Services
Jefferson Health
Vice Chair, Finance & Treasurer
Ronald Masciantonio
Executive Vice
President &
Chief Administrative Officer
Destination Maternity Corporation
Vice Chair, Membership
Tami Bogutz Steinberg, Esq.
Shareholder,
Flaster Greenberg PC
Vice Chair, Government Action
Francis X. Manning, Esq.
Partner in Charge, New Jersey Office
Stradley Ronon Stevens & Young, LLP
Vice Chair, Special Events & Marketing
Dan Love
Senior Vice President
Business Development
Radwell International, Inc.
Secretary
Joseph Forline
Vice President, Gas
Operations
PSE&G
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INCOMING BOARD MEMBERS
Leslie DiLuigi
Senior Vice President
Retail Market Manager
Republic Bank
Doug Dimmig
Regional Vice President
Southern New Jersey
Middle Market Banking Group
Wells Fargo Bank, N.A.
Rahul Kachru
President/CEO
South Jersey Federal Credit Union
Harvey Kesselman
, Ed.D.
President
Stockton University
Susan Lehrman, Ph.D.
Dean, Rohrer College of Business
Rowan University
Karen McClendon
Vice President, Human Resources
Comcast
David Robbins, Jr.
President,
South Jersey Gas
George Robostello
Regional President
Fulton Bank of New Jersey
Doug Schoenberger
Vice President, Public Policy and
Corporate Social Responsibility
Verizon
Michael Schwab
Vice President
Holman Automotive
Jamie Tranfalia
Senior Vice President
Middle Market Banking
Citizens Bank
Vincent J. Tucci
Senior Vice President
Global
Commercial Banking
Bank of America Merrill Lynch
Robin A. Walton
Vice President, Community and
Government Affairs
Thomas Edison State University
Christopher P. Warren
Senior Vice President/Market President
BB&T
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Mandatory Repatriation Provisions in
Tax Bills Will Require Immediate Action
for US Shareholders
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The mandatory repatriation provisions in both the House and Senate Tax bills will require US shareholders of Controlled Foreign Corporations ("CFCs") to include in their 2017 taxable income their pro rata share of the post-1986 previously untaxed accumulated earnings and profits ("E&P") of such CFCs. Much of the media coverage around these provisions has focused on the impact for US multinationals such as Apple and Google with billions of dollars of foreign earned cash previously kept outside the US tax net. However, a lesser known but clearly important aspect of these provisions is that, if enacted, the rules will apply to all US shareholders of CFCs. As defined, the term US shareholder means US individuals, domestic partnerships, domestic trusts, and domestic corporations that own 10% or more of the voting power of the shares of a CFC.
Given that the mandatory repatriation provisions will apply for the 2017 tax year (or the first tax year ending after December 31, 2017 for fiscal year taxpayers), it is critical that impacted US shareholders determine the amount of unrepatriated E&P in their CFCs as soon as possible. In the case of US shareholders that are C corporations, they will also have to determine the accumulated taxes (commonly referred to as tax pools) paid by such CFCs to determine the amount of foreign tax credits that may (partially or fully) shelter the US tax cost on the mandatory repatriation of accumulated E&P.
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New Jersey Senate President Stephen M. Sweeney addressed more than 130 CCSNJ members at the Westin Mount Laurel on December 8. The Senate President discussed
important issues such as the affordability of NJ, the need for a skilled workforce, a future minimum wage increase and the need to keep gaming in AC.
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Health Issues Committee
On December 12, CCSNJ held its last Health Issues Committee meeting of the year featuring Katie Jennings, healthcare reporter for POLITCO New Jersey. Jennings discussed the budgetary issues facing Governer-elect Murphy upon taking office and many healthcare initiatives previously undertaken by Gov. Christie.
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Good Morning South Jersey
On December 13, Chellie Cameron, Chief Executive Officer, City of Philadelphia - Division of Aviation, discussed PHL's recently completed economic impact statement, showing the airport's growing impact on the region, as well as upcoming contracting opportunities at PHL and air service development updates.
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NETWORK CONNECTION
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NETWORK CONNECTION
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NETWORK CONNECTION
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January 11
11:45 a.m. - 1:30 p.m.
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January 18
8:30 - 10:00 a.m.
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January 25
11:45 a.m. - 1:30 p.m.
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Interested in
sponsoring this
series in 2018?
or (856) 424-7776 ext. 118
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January 18
January 25
SAVE THE DATES
January 25
Camden City Mayoral Reception
January 31
Legislative Reception
February 27
Rutgers Business Outlook
March 3
VIP Reception at
Walk to Washington
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ADVERTISEMENT
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Jan Drayton
Account Manager Belfor
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Networking is about relationship
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Imagine being able to assist local charities by doing something as simple as offering your employees access to beverages in your facility. Coca-Cola, in partnership with CCSNJ, offers members access to the Vend4Cause program. Vending machines and/or coolers supported by Coca-Cola can be placed in your business and a portion of every dollar spent is given to a charity of your choice. For more information click here.
Contact:
Ashley Merryman at Charity Changer at (816) 787-7400 or
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Attorney Daniella Gordon
has joined Hyland Levin LLP, concentrating her practice in construction litigation, white collar crime and major criminal defense, appellate matters, and civil rights.
Ms. Gordon, a partner at the firm, represents owners, developers, sureties and all tiers of contractors in construction disputes, including construction defect claims, damages for delay, differing site conditions, professional negligence, bid protests and injunctions. She also advises and defends businesses and individuals in a range of government investigations, including false claims in public contracting, health care fraud, bank fraud, public corruption and money laundering.
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MedExpress Urgent Care treats illnesses and injuries for all ages every day from 8:00 a.m. - 8:00 p.m., no appointments necessary.
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