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. 
RE-ELECTED
BOARD MEMBERS

John A. DiAngelo
President & CEO
Inspira Health Network
 
Steven Krynski
General Manager
Paulsboro Refining Company, LLC
 
Toni Pergolin,  MHA, CPA
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
PresidentRowan 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


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. 
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

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
Mandatory Repatriation Provisions in 
Tax Bills Will Require Immediate Action 
for US Shareholders

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.


Meet the Policymakers
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.
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.


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.

NETWORK CONNECTION
LUNCH

NETWORK CONNECTION
BREAKFAST

NETWORK CONNECTION
LUNCH

January 11
11:45 a.m. - 1:30 p.m.
January 18
8:30 - 10:00 a.m.
January 25
11:45 a.m. - 1:30 p.m.
 
Interested in  sponsoring this  series in 2018?
Contact Meredith Lorrilliere at mlorrilliere@chambersnj.com 
or (856) 424-7776 ext. 118


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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Jan Drayton
Account Manager
Belfor

Networking is about relationship -building. So I try my best to keep my exchange fun, light and informal. You do not need to do the hard sell within minutes of meeting someone. Take the time and learn about them ; get the conversation started and to keep it flowing. Feel free to share your industry tips or a success story. Remember people are more apt to do business with the people whose company they enjoy ! 




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


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. 



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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