Treasury Management Summit Treasury Excellence for Global Success

Transcription

1 Treasury Management Treasury Excellence for Global Success July 10 & 11, 2014 Sheraton Boston Hotel Boston, MA

2 Who Will You Meet? The popular Treasury Management draws an audience of CFO s and senior treasury management professionals who are looking to learn the latest perspectives on the most vital aspects of finance today, including: Innovations in Payments & Mobile Payments Creating a more Innovative Finance Department Improving and Evolving to Meet Tomorrow s Challenges The Changing Global Economic Outlook The Changing Role of the CFO Best Practices for Cash Flow Performance Financial Leadership & the Future of Decision Making Financing During Periods of Sustained Growth Past Attendee Demographic 3%$ 10%$ 11%$ 8%$ 9%$ Job$%tles$ 58%$ CFO$ VP$ Controller$ Director$ Manager$ Annual&sales&volume& Other$C;Level$$ 10%# 17%# 24%# 8%# 12%# 22%# $1*$9.99#mill# $10*$49.99#mill# $50*$99.99#mill# $100*$499.99#mill# $500*$999.99#mill# $1#bill#+# Speaking at The Treasury Management VP, Assistant Treasurer, Pfizer Assistant Treasurer, Staples Director, Financial Risk Management, TIAA-CREF VP, Corporate Treasurer, Nabors Managing Director, Treasury, Republic Airways Director, US Treasury Center, Merck VP, Assistant Treasurer, Hilton Worldwide Assistant Treasurer, Bristol-Myers Squibb SVP & Treasurer, Cardinal Health VP, Treasury, Thomson Reuters Director, Industrial Treasury, GE Assistant Treasurer, MFRI Treasurer, Gerresheimer Director, Treasury, Johnson Controls SVP, Treasury, Pacific Life Insurance Director, Treasury & Tax, SWM International

3 About The The Treasury Management will bring together the best treasury executives for a thought leading summit acclaimed for its innovative insight. How will you and your treasury department drive and manage sustainable, profitable growth? How can you make the best use of the resources you have by working more efficiently, using the right tools, tactics, and technology to succeed in today s volatile environment? The program will focus on driving growth through innovation and technology. Also there will be a focus on the changing economic outlook, cash flow performance and Leadership. Presentations will show how your treasury function can embrace the future of finance and become an innovative organisation operating with maximum efficiency and effectiveness. Speaker Information Amit Singh VP, Assistant Treasurer Pfizer Amit is an Engineer by background. He received a M.S. degree in Petroleum Engineering from University of Kansas and an MBA from the Wharton School. Amit currently manages Pfizer s $40B+ cash investment portfolio for interest rate, credit and currency risk. His mandate also includes managing Pfizer s short term liquidity needs and Pfizer s working capital strategies. In his previous Capital Markets role at Pfizer Treasury, Amit focused on capital structure and long-term liquidity planning, business development support and various corporate finance issues. He is a two time Alexander Hamilton Award Winner in 2011 and The Role of The Treasury in Pfizer's Divestiture of Zoetis Pfizer divested its animal health business in Rather than simply selling the business in a taxable fashion, the decision was made to do a tax-free split-off. A split-off of this scale (~$20B) was unprecedented and came with immense challenges for Pfizer Treasury. From start to finish, the exercise took over two years. Pfizer s Treasury Planning group led the charge for all Capital Market related touch points, of which there were many. Issuing $3.6B Zoetis senior notes on behalf of the split-co was combined with Pfizer setting up their revolving credit program, their credit rating and a new commercial paper program. A large portion of value monetization for Pfizer came through the innovative debt for debt and debt for equity exchanges that were pre-evaluated by the IRS prior to the launch of the deal by Pfizer. Divestiture also entailed doing an $4B IPO for Zoetis shares and then 3 months later, a share exchange where Pfizer shareholders were able to exchange their shares for newly issued Zoetis shares. Bob SuPopin VP, Corporate Treasurer Nabors Bob SuPopin is Vice President and Corporate Treasurer of Nabors Industries, with global responsibility of treasury, strategic acquisition, and organizational structure since Mr. SuPopin has raised $5.7 billion from DCM/ECM and syndicated bank loans to support Nabors strategic growth from $3.5 billion to $6.8 billion in annual revenues. Prior to treasury function, Mr. SuPopin was Vice President of Nabors International in a variety of financial and operational roles. Prior to Nabors, he was a relationship manager in ABN- AMRO bank covering International majors. From 1990 to 1996, he worked for Schlumberger in a number of international assignments. Mr. SuPopin has a BS degree in Engineering from National Taiwan University and MBA from University of Texas at Austin. Global Cash Visibility and Ensuring the Efficient Cash Distribution to Minimize Working Capital Requirement Cash is King which highlight the pivotal role that cash plays in any business success. Nabors has developed new solutions in providing global real-time cash visibility and assist in optimizing cash distribution to support our operation. Global cash visibility which involves timely access to our operating account information and cash extraction was a major focus. Implementing automated work-flow systems internally (treasury workstation, in-house ticket system) enables for the day-to-day to run more efficiently and effectively. Proper cash forecasting, planning and distribution allows us to minimize working capital across the entire company. This presentation shows how Nabors Industries implements efficient global cash positioning strategy that supports continuous stable operations as well as enhances overall profitability.

4 Sam Samad SVP & Treasurer Cardinal Health Sam Samad joined Cardinal Health in November of 2007 and was promoted shortly afterwards to Senior Vice President and Chief Financial Officer for the Pharmaceutical Segment. Sam was appointed as Corporate Treasurer for Cardinal Health in February of He currently has responsibility for treasury, credit and collections and tax in addition to his direct responsibility for the finance organization of Cardinal Health s China business. Prior to Cardinal Health, Sam was with Eli Lilly and Company where he spent 12 years in various international leadership roles in finance and in the business. His last position with Lilly prior to joining Cardinal Health was as Chief Financial Officer of Eli Lilly Canada. In addition to Sam s responsibilities at Cardinal Health, he is treasurer and a board member for the Cardinal Health Foundation. Fostering Leadership in the Treasury Function Treasury is the nerve center of the finance organization and a key function in the overall enterprise. Decisions related to capital deployment, cash returned to shareholders and funding of key initiatives all have a huge bearing on the success of the business. However, despite all this, the treasury function can be perceived by the business as a black box where decisions are made in a silo. Upon joining Cardinal Health s treasury organization over 2 years ago, I embarked on an effort to rebrand the group as a business centric function where key decisions are made in partnership with the business. This required an overhaul of our talent acquisition, talent development and business partnership efforts. This also necessitated launching an awareness campaign with the businesses that we support in order to elevate the profile of the group. Eric Alf Director, Treasury Johnson Controls Eric Alf is a Treasury Director at Johnson Controls Inc (JCI). He is responsible for supporting the North American Treasury operations of JCI's Automotive Group. Prior to this position, Eric worked in Europe for 2 years supporting JCI's Power Solutions and Automotive Groups. Eric has been with JCI for 15 years, working primarily in Treasury, but also in an operating finance role for 1 year. Prior to joining JCI, Eric worked for Cummins Engine Company in the Capital Planning and Treasury functions. He also worked for 2 years as an Industrial Engineer at the US Postal Service, primarily dealing with automation technologies. His undergraduate degree is in Industrial Engineering from the University of Michigan, and he also holds an MBA from the University of Michigan. Bank Risk Assessment & Exposure Corporations rely on their banking partners for a variety of products and services. However, when banks get into financial distress, they are not capable of supporting their clients in the same manner as previously demonstrated. Corporate Treasury Departments need to assess the financial health of their banking partners and monitor the ability of these financial institutions to support their needs over time. There is no single measure that will provide a complete picture of the financial strength of a given financial institution. However, a combination of metrics can be used to provide a fairly accurate profile of the risks inherent to the bank group of any corporation. Thomas Ballish Assistant Treasurer Staples As Assistant Treasurer at Staples, Tom oversees the global treasury team for the world s largest office products company, with revenues of $23 billion and operations in 26 countries. His responsibilities include global cash management, debt and derivatives, investments, foreign exchange and treasury systems. Tom previously worked in treasury at Harvard University, as an investment banker, and as a submarine officer in the United States Navy. He earned undergraduate and graduate degrees from Dartmouth College and Harvard University, respectively, and is a Certified Treasury Professional (CTP). The Transformative Power of Reducing Complexity in Treasury Operations and Technology Over the past three years, Staples has implemented a global treasury management system, an FX trading platform, a money market fund portal, a global notional cash pool, an international wire service, and bank account management software, and is changing its bank connectivity model in Europe. Although it may seem that these changes have introduced a massive amount of complexity into treasury operations, the truth is the contrary. Strategic use of technology has simplified and clarified treasury processes and operations. The presentation will address the principles and the specifics behind the decisions at Staples, with the hope that this will spark ideas and discussion amongst participants.

5 Sharon Barber-Lui Director, US Treasury Center Merck Sharon Barber-Lui is Director of the US Treasury Center at Merck. She functions as the Treasurer of the US subsidiaries and oversees all US banking structures and operations, which include daily transactional activities over $10 billion in cash operations, trade support, transactional systems and processes. Sharon previously served as Director of Legal Entity Integration and led the Treasury activities to streamline, integrate and rationalize over 600 legal entities resulting from the Merck and Schering Plough merger. She has held several other positions in Treasury and Finance, including leading Asia Pacific regional Treasury and the financial liaison for the Company s benefit plans. Sharon was selected to Merck s Women s Leadership Program and has earned numerous awards and accolades. Streamlining & Improving Treasury Operations Operational efficiency is the capability of an enterprise to deliver products or services to its stakeholders in the most cost-effective manner possible while still ensuring the high quality of its products, services and support. To reinforce Merck s innovation, Sharon will share her insights on how she transformed Treasury core processes and formulated solutions in foreign exchange, investments, cash management and reporting to reduce cycle time, increase accuracy and leverage technology. She will also discuss how operational efficiency can promote collaboration and instill a change mindset across Finance and Treasury, such as the front office, middle office and back office operations, while ensuring a strong control environment. Eric Alf Director, Treasury Johnson Controls Ashish Advani has more than two decades of global experience in foreign exchange and global treasury management. He has lived and worked in 9 countries over 4 continents in the past 20 years. He has lived and worked in the Middle East, Europe, Asia and North America. Having worked on the Buy and Sell side of Treasury products, he has a unique perspective about treasury risk management. He understands the links between treasury solutions and its effects on tax and accounting standards. He crafts holistic solutions that are ideal to the corporation and helps mitigate risks. He is a qualified accountant in several countries. He earned an MBA in finance at the University of Central Missouri. And Oh! by the way, he speaks eight languages. The Interplay Between Tax & Treasury In today s increasingly complex Treasury world Tax and new laws are playing an ever increasing role in how Treasuries operate globally. Most inter-continental treasury strategies have to be blessed by the Tax department to ensure we do not run afoul of tax laws in the US or the other country. Let s find out about the intertwined world of global Tax and Treasury. Roderick Read Assistant Treasurer MFRI Roderick is a multi-lingual, Swiss/American citizen who began his professional career over 30 years ago as a stock broker. In the late 80s, Roderick moved to Switzerland, and worked for Prudential-Bache Securities for a short period before moving to Citibank N.A., Zurich, where he was involved in risk management, financial analysis, account management, and electronic banking. Along the way to becoming the global head of foreign exchange, Roderick helped develop a webbased version of Sungard s GTM treasury management application still in use today by Philip Morris International, Mondelez International, and Kraft Foods Group. In line with Kraft s spin-off from Philip Morris in 2007, Roderick transferred to Illinois to set up and run Kraft s North American Treasury Operations. In 2012, he worked as the Assistant Treasurer/Consultant for Hillshire Brands, and as an Area Treasurer/Consultant for Hospira, Inc., before taking on a permanent Assistant Treasurer s role at MFRI, Inc., in Niles, Illinois. ABL Structures, Cost Reduction & Supporting an International Enterprise ABL structures allow companies to continue to do business when they may not be able to without such financing. However, once a company begins to improve, and results clearly indicate positive change, an ABL structure should be revisited in order to improve the overall conditions. Overall costs associated with a company doing business within the scope of an ABL environment must be carefully monitored and managed in order to show the ABL provider(s) that there is a desire to improve the overall business, and to eventually exit from the ABL structure.

6 Matt Alevy VP, Treasury Thomson Reuters Matthew Alevy is currently Vice President, Treasury with responsibility for capital strategy and foreign exchange and interest rate risk management for Thomson Reuters. Matt has a variety of finance experience including financial planning & analysis, investor relations, treasury, mergers and acquisitions and acquisition integration. Before joining Thomson Reuters in 2005, he was an analyst for a boutique technology M&A investment bank and a financial analyst in planning & analysis for a cable TV operator. Interest Rate & Foreign Exchange Risk Management Managing interest rate and foreign exchange (FX) risk has never been more challenging given today s rapidly changing markets and evolving global regulatory requirements. With increasingly limited and stretched resources, the Treasurer must develop efficient, scalable and effective risk mitigation and hedging strategies. Learn how Thomson Reuters, a $12.5 billion global information services business, addresses these challenges and uses a simple and pragmatic approach to managing these risks. The presentation will also touch on financial reporting best practices and market data solutions that Treasurers and CFOs can use to reduce reported P&L and cash flow volatility Jason Secore Managing Director, Treasury Republic Airways Jason Secore is Managing Director of Treasury and Corporate Development at Republic Airways Holdings. Republic's subsidiaries have a combined fleet of 250 aircraft operating as American Eagle, Delta Connection, United Express, and US Airways Express. In December 2013, Republic sold its wholly owned subsidiary Frontier Airlines, a low cost carrier based in Denver, Colorado that operated a 50 Airbus 319 and 320 fleet. Jason was previously a director in the finance organization at Frontier and his responsibilities included leading the fuel management group, the company s largest cost center. Prior to joining Frontier, he held various finance and treasury roles at US Airways (American Airlines Group). Jason has a bachelor s degree from Northwestern University and completed his master s degree in agricultural and resource economics from UC Davis as well as his MBA from Instituto de Empresa (IE) in Spain. Commodity Risk Management and Working Capital Optimization Managing commodity risk is a critical component of treasury management in many industries. In the airline industry today, for example, the cost of jet fuel alone represents forty percent of an airline s total operating costs. This is typically larger than both labor and aircraft ownership costs. There are a number of tools that can be used to hedge exposure to volatile commodity prices that will be covered in this presentation. Due to the fact that commodity management often requires an investment in working capital, we will explore this relationship as well as the overall optimization of working capital. Dorian LeBlanc VP, Finance & Business Development Alere Inc. Mr LeBlanc is the VP of Finance and Business Development for Alere s Asia Pacific business and the Global VP of Finance for Alere s Infectious Disease global business unit, the company s largest division. Mr LeBlanc was recently named the Best CFO in Asia by The Corporate Treasurer magazine. Previously, he worked in Corporate M&A at Alere and has worked to complete more than 30 acquisitions at the company. He currently lives in Singapore with his wife and three boys Treasury in Asia: Working in a Diverse and Complex Regulatory Environment and Building a Treasury Conscience Organization Alere, Inc (NYSE: ALR) has grown rapidly through acquisitions over the last decade. Building a strong local and regional finance team and focusing the enterprise on the importance of treasury has helped Alere better manage risk and working capital and plan strategically for future investments and cash repatriation. What are the today s challenges of managing a treasury function in Asia in a high growth business?

7 Rick Roberts Senior Manager, Risk Financing Ensign-Bickford Industries Rick Roberts has worked in risk management for 25 years with experience in the financial services (Aetna), manufacturing (Ensign-Bickford) and real estate industries (both companies). He presently designs and develops risk financing programs for EBI and coordinates and manages the enterprise risk management program for EBI which includes operations in explosive assemblies for aircraft, spacecraft and defense products; pet food additive products; chemical toll manufacturing and real estate management and real estate development projects. In the past he also has developed risk financing programs for lead paint and asbestos removal operations, commercial explosives manufacturing, trucking operations and products sold into the telecommunications industry. Rick has also developed a Strategic Risk Assessment model for EBI s and its subsidiary companies that is used with the annual Strategic Planning Process of EBI. Opening the Risk Management Dialogue: Strengthening the Risk Professional. C Suite Relationship to Reach Strategic Objectives Organizations around the world have realized the value of having strong risk management capabilities and are increasingly calling on their treasury departments to implement risk programs that address threats and identify opportunities for organizational success. With this additional responsibility, treasurers are challenged with gaining buy-in from key members of their leadership team, as well as from operations managers to fully understand the organization s risks and to create a more risk-aware culture. RIMS Vice President Rick Roberts will address this communication challenge and provide insight to help treasurers build stronger relationships to more efficiently manage risk and achieve strategic objectives. Walter Cirillo Treasurer Aerogroup International Walter Cirillo is Vice President and Treasurer of AeroGroup International, Inc with global responsibility of the Corporate Treasury function. He also has responsibility for the companywide insurance program and the administration of the 401K Plan and ESOP (Employee Stock Ownership Plan). Prior to joining AeroGroup, Walter was Finance Director at Genesis Networks Inc with global responsibility for Corporate Finance and Treasury. Walter has over 15 years of Treasury experience and has held a number of Treasury roles responsible for international treasury at various companies (Sterling Winthrop, Pfizer, PepsiCo, Henry Schein). He has an undergraduate degree in International Business from Iona College and an MBA from the Zicklin School of Business, NY. Advantages & Disadvantages of Centralized versus Decentralized Treasury The global marketplace is forcing multinational corporations to move away from the traditional treasury operations model, a fragmented structure to deal with cash management, FX risk management, banking relationships and many other treasury activities to an integrated treasury management structure where centralization brings greater control and visibility and ultimately enhanced decision making. Although the decentralized model has its benefits, i.e. local solutions, the "speed of global business" makes a centralized model more efficient. William Dalasio Director, Financial Risk Management TIAA-CREF William Dalasio, CFA, is a risk management professional with approximately sixteen years of progressive experience assessing, managing and reporting risk across fixed income, equity and alternative asset classes. Fixed income, equity and credit derivatives have been an area of particular expertise, where he has engaged in the modeling, analysis, and systemization of derivative strategies for both hedging and the replication of synthetic exposures. For the last thirteen years, Mr. Dalasio has worked for TIAA-CREF, where he is currently a Senior Director of Market Risk Management. Prior to this he worked as a Capital Markets Analyst with the Bank Supervision function of the Federal Reserve Bank of Philadelphia. Mr. Dalasio holds an MBA from the NYU Stern School of Business and is a Chartered Financial Analyst. Scenario Based Capital Planning To assess the relative efficacy of a financial and capital plan, it is useful to evaluate that plan in the context of multiple scenarios, including stress scenarios, as well as the implementation of reverse stress testing. In contrast to more naïve stress testing techniques, modern techniques focus on broad economic trends, rather than unrelated changes in variables, and invite management to define remediation plans within the stress testing process. In my presentation, I will outline the most likely economic scenario in the near-to-mid-term, a gradual, continuing, recovery and outline the broad themes for developing stress scenarios and reverse stress tests, as well as thinking about management remediation in this process. In addition, I will touch on the emerging challenges in the use of derivative hedging to address the risks posed in stress scenarios.

8 The Information Treasury Management Date: July 10 & 11, 2014 Location: Sheraton Boston Hotel, 39 Dalton Stree, Boston, MA Registration Pricing Silver Pass $1395 Gold Pass $1595 Diamond Pass $1795 Access to all sessions & networking events 7 days access to presentations from the summit via ieondemand $1395 Early Bird Price (before May 30) Access to all sessions, networking events & unlimited access to presentations from the summit via ieondemand $1595 Early Bird Price (before May 30) Access to all sessions, networking events, annual subscription to all content on the Big Data & Analytics channels via ieondemand $1795 Early Bird Price (before May 30) 1 Day Pass $695 Full access to the sessions to your chosen day of the summit, 7 days access to presentations from the summit via ieondemand On-Demand Pass $600 Unlimited access to presentations from the summit via ieondemand, including presentations, interviews & the ability to contact speakers 7 day online access to event materials Unlimited access to ieondemand Group Discount Offers 3 Silver Passes: $3000 ($1000 per attendee) 5 Silver Passes: $4500 ($900 per attendee) 3 Gold Passes: $3900 ($1300 per attendee) 5 Gold Passes: $6000 ($1200 per attendee) 3 Diamond Passes: $4500 ($1500 per attendee) 5 Diamond Passes: $7000 ($1400 per attendee) For larger groups or special requests contact Zain Yasin by calling or zainyasin@cfo.com* Team discounts are applicable at the point of registration only. Ways to Register Register Here F TI L

9 Registration Form Treasury Management July 10-11, 2014 Boston MA For registration or more information on the program, please call Zain on , or fax this registration form to +1 (323) Delegate Information... NAME OF EACH ATTENDEE TITLE OF EACH ATTENDEE DEPARTMENT COMPANY INDUSTRY ADDRESS CITY STATE/PROVINCE ZIP/POSTAL CODE COUNTRY OF EACH ATTENDEE BUSINESS PHONE NUMBER 2. Pass Types... Early Bird Pass Options until May 30, 2014 Early Bird Silver: $1295 Attendees Early Bird Gold: $1595 Attendees Early Bird Diamond: $1795 Attendees Regular Pass Options after May 30, 2014 Silver Pass: $1395 Attendees Gold Pass: $1595 Attendees Diamond Pass: $1795 Attendees Group Discount Pass Options 3 Silver Passes $3000 ($1000 per attendee) 5 Silver Passes $4500 ($900 per attendee) 3 Gold Passes $3900 ($1300 per attendee) 5 Gold Passes $6000 ($1200 per attendee) 3 Diamond Passes $4500 ($1500 per attendee) 5 Diamond Passes $7000 ($1400 per attendee) For larger groups or special requests contact Zain Yasin by calling or ing zainyasin@cfo.com. Group passes only available when all participants register together. Pass Descriptions: Silver Pass: Access to all sessions & networking events Gold Pass: Access to all sessions, networking events & unlimited access to the summit presentations via ieondemand Diamond Pass: Access to all sessions, networking events, annual subscription to all content on the CFO & Finance channels via ieondemand 3. Payment Options... Check (Make checks payable to The Innovation Enterprise Ltd) Invoice me Visa Mastercard American Express Diners Club Discover CARD NUMBER EXPIRATION DATE SECURITY NO. CARDHOLDERS NAME CARDHOLDER S SIGNATURE BILLING ADDRESS INDUSTRY Places are transferable without any charge to another occurring within 12 months of the original purchase. Team discounts are applicable at the point of registration only. Any cancellations within a group registration will in turn incur an increase in registration fee for the remaining group participants. Cancellations before June 9, 2014 incur an administrative charge of 50%. If you cancel your registration after June 9, 2014 you will be charged the full fee. You must notify CFO Publishing in writing of a cancellation, or you will be charged the full fee. CFO Publishing reserve the right to make changes to the program without notice. NB: FULL PAYMENT MUST BE RECEIVED BEFORE THE EVENT.

10 Finance 2014 Calendar January Corporate Performance Management January, 27 & 28, New York February FP&A Innovation February 19 & 20, San Diego March CFO Rising East March 12 & 13, Miami CFO Innovation March 12 & 13, Miami Corporate Finance Tech March 12 & 13, Miami Outsourcing Innovation March 12 & 13, Miami FP&A Innovation March 25 & 26, Hong Kong April FP&A for High Tech April 8 & 9, San Francisco FP&A Innovation April 9 & 10, London May Finance in Pharma & Healthcare May 14 & 15, Philadelphia Treasury Management May 14 & 15, Boston CPG Forecasting & Planning May 21 & 22, Chicago June Payments Innovation June 11 & 12, Chicago Corporate Performance Management West June 18 & 19, San Diego September Finance Transformation September 9, Boston FP&A Innovation September 9 & 10, Boston Risk Management September 11 & 12, Boston Compliance & Regulation September 11 & 12, Boston CFO Rising Europe September 17 & 18, London October CFO Rising West October 21-23, San Francisco Corporate Venturing October 21-23, San Francisco Start Ups & The CFO October 21-23, San Francisco FP&A Innovation October 23 & 24, Shanghai November Big Data For Finance November 18 & 19, Boston CFO Playbook for Private Companies November 19 & 20, Miami December Controller December 3 & 4, Boston Flagship Expected Attendees High Tech Consumer Goods Pharma & Biotech Retail CXO Healthcare CFO Partnership Opportunities: Giles Godwin-Brown ggb@theiegroup.com Attendee Invitation: Sean Foreman sforeman@theiegroup.com

11 Sponsorship Sponsorship packages range in price and are customizable to your goals. Options can include: Roundtable sponsorships Workshop sponsorships or case study presentations Introduce a keynote speaker Host a cocktail reception, exclusive VIP dinner, breakfast, or luncheon with top-level finance executives Event exhibit space Feature your company logo on branded items and promotions before, during and after the event Confirmed Exhibitors: For sponsorship information contact Patrick Lewis at: patricklewis@cfo.com