Press Release Archives
Macfadden Invited to Participate in the Global Symposium +5 Information for Humanitarian Action
Macfadden announced today that Eric Sawyer, Director of Geospatial Services, and Kathleen Miner, Information Management Coordinator for USAID's Office of U.S. Foreign Disaster Assistance, have been invited to participate in the Global Symposium +5 being held at the Palais des Nations in Geneva from October 22-26. They will join 250 humanitarian professionals and information specialists to examine how new technologies and improved information practices can enhance current humanitarian operations.
Hosted by the United Nations' Office for the Coordination of Humanitarian Affairs, Global Symposium +5 will build upon the 2002 Symposium on Best Practices in Humanitarian Information Exchange and several subsequent regional workshops held in areas around the world.
This forum will review progress since its inception and explore a wide range of subjects designed to improve humanitarian response by improving access to information. The Symposium will showcase new technologies and innovations being used in humanitarian operations, including Geographic Information Systems use of Open Source Intelligence and Information Repositories. Kathleen Miner will be facilitating the working group on Humanitarian Information Field Exchange, one of five topic areas discussed at the symposium.
"We are honored to have Macfadden represented at this critical meeting of minds in the humanitarian community," said Russ Hall, President and CEO at Macfadden. "In order to continue to improve the flow of information during emergency scenarios, it is imperative to maintain a continued dialogue and establish sound information management principles."
Macfadden Supports International Relief Efforts in Tbilisi, Georgia through the U.S. Department of State
Macfadden's Humanitarian Assistance Division of the Office of the Coordinator of U.S. Assistance to Europe and Eurasia (EUR/ACE) at the U.S. Department of State continued its commitment to ensuring humanitarian relief efforts operate smoothly and efficiently, enabling the U.S. Department of State's Operation Project Hope to successfully complete its 912th medical drop within the former Soviet Union. The program's focus this year was on Georgia, a Eurasian country in the Caucasus located at the east coast of the Black Sea. Departing for its capital, Tbilisi, on September 12, 2007, the Department of State led a delegation of various organizations that have contributed to the success of this humanitarian assistance effort.
Since 1992, the Department of State Humanitarian Program Operation Project Hope, has flown 912 airlift missions and shipped over 22,000 containers of defense excess and donated humanitarian aid material from over 450 private volunteer groups to twelve countries of the former Soviet Union" a total value of approximately $4 billion. This year, a record $11 million in lifesaving medicine and critical medical supplies were delivered via a United States Air Force C-17 cargo plane during this historical relief effort.
Macfadden's team coordinated the project with transport and logistics companies and non-government organizations (NGOs), including Project Hope, the United Methodist Committee on Relief (UMCOR), ACTS International, International Relief and Development (IRD), SAE-Hellinicare and others to collect, transport, and deliver needed supplies from the U.S. Government and health care and pharmaceutical companies across the globe. As a result, critical humanitarian relief supplies reached more than 90,000 patients in the Caucasus region of Georgia.
The Department of State Delegation for this medical drop included Coordinator Tom Adams and three (3) Macfadden team members: Jerry Oberndorfer, John Post, and Kim Chemerika. Jerry Oberndorfer, Macfadden's Director of Humanitarian Assistance, plays a key role in coordinating and overseeing humanitarian assistance each year on behalf of EUR/ACE and the U.S. Government to countries of the former Soviet Union, and was instrumental in managing this, as well as many other assistance projects, to the Georgian Republic. John Post, Macfadden's Humanitarian Aid Specialist, coordinated the identification, preparation and delivery of DoD excess medical equipment and supplies to Georgia. Both Jerry and John have been working with the U.S. Government, U.S. embassies, NGOs, local governments and organizations for over fifteen (15) years to build, upgrade, and supply hospitals in the region. Kim Chemerika, Executive Vice President for Macfadden, who has overseen Macfadden's contract with the Department of State since 1999, was invited to join the Delegation of twenty (20) from the United States.
The Team was met with a warm welcome by First Lady of Georgia, Sandra Roelofs, Georgian Minister of Health, Dr. Davit Tkeshelashvili and U.S. Ambassador to Georgia, John Tefft.
Macfadden Announces Formation of Strategic Advisory Group
Macfadden and Associates, Inc. (Macfadden) announced today the formation of a new Strategic Advisory Group in conjunction with the transfer of the company's remaining equity to the Employee Stock Ownership Plan (ESOP) Trust and the implementation of a Board of Directors. Ronald Torrence, currently Macfadden's Chief Financial Officer-Acting, will serve as the Chairman. Locally-based business and federal sector consultants and industry leaders David Binns, Ronald D. Harvey and Fred Pang have been named founding members of the group.
Consisting of industry business leaders, Macfadden's Strategic Advisory Group will provide valuable strategic advice and guidance crucial to creating new business development opportunities the company. The group will play a vital role in guiding the direction of corporate growth by lending its insight and advice essential to expanding access into new federal and corporate business opportunities.
"Macfadden's commitment to the value of strategic direction and planning is evident, and I am pleased to be a part of this process," said Mr. Torrence. "The experience of this group will ensure Macfadden continues to offer cutting-edge solutions as it grows its customer base."
David Binns is the former President of the National ESOP Association and currently serves as the Associate Director of the Beyster Institute, Rady School of Management at the University of California- San Diego. Ronald D. Harvey is a former member of the Senior Executive service at the United States Agency for International Development (USAID) and currently serves as the CEO of MarketPlex International, an international business development and commodity trading company. A retired Colonel in the United States Air Force, Fred Pang is the former Assistant Secretary of Defense, Force Management Policy. He currently serves as President of ViStar, a company which he founded in 1997 to provide professional and technical services to clients both within the Federal and commercial sectors.
"I am pleased to announce the creation of an advisory team that brings together a group of outstanding business leaders with a proven track-record of helping companies ensure corporate objectives are met," said Russell Hall, President and CEO of Macfadden, "Their vision and cumulative decades of experience are unmatched and will be an asset to our direction and growth."
Macfadden Implements a New Board of Directors
Macfadden and Associates, Inc. (Macfadden) announced today that it has implemented a new Board of Directors in conjunction with the transfer of the company's remaining equity to the Employee Stock Ownership Plan (ESOP) Trust. Russell Hall will serve as the Chairman of the Board. Ronald Torrence and David Binns have been named Directors of the Board.
The Board of Directors is responsible for providing leadership and guidance for the company while representing the interests of shareholders in all matters. Building on the momentum of a successful transition to a 100 percent employee-owned company, the Board will work diligently to protect the shareholders' assets and ensure that the company achieves a return on its investments. In addition, the Board will oversee how management serves the long-term interests of share owners and other stakeholders.
Mr. Hall has served as Chief Executive Officer since August 2004. As Chairman, he will ensure the Board's full discharge of duties, including fiduciary duty to provide oversight. "I am thrilled to have such high caliber leaders serving Macfadden as part of the Board of Directors", said Russell Hall, "I am confident that their years of experience and capabilities will take Macfadden to the next level, and that they will earnestly represent the interests of our stakeholders."
Mr. Torrence has served as Macfadden's Acting Chief Financial Officer since December 2005 and was instrumental in effecting the recent 100 percent stock purchase transaction. With more than 40 years of experience in the financial arena, Mr. Torrence is focused on facilitating growth within the company while maintaining strong financial performance.
David Binns, Associate Director at Beyster Institute, is a well-known author and ESOP expert with extensive experience providing consulting and advisory services to companies with ESOPs. From 1984 to 1991, Mr. Binns served as Executive Director of The ESOP Association, the national trade association representing the interests of companies with employee stock ownership plans (ESOPs) and professionals. Mr. Binns' extensive background in employee ownership coupled with his experience both domestically and internationally in enterprise development, uniquely qualifies him for a role on Macfadden's Board of Directors. He will serve as an expert resource to the Board in the areas of legal, financial and human resource implications of the structure and implementation of Macfadden's employee ownership plan.
"I am pleased to be serving Macfadden in this capacity and look forward to the opportunity to help shape the direction of the company," said Mr. Binns. "The culture of employee ownership at Macfadden has greatly contributed to the growth and success of Macfadden. I am honored to provide valuable insight and guidance to this dedicated team."
Macfadden Becomes a 100 Percent Employee-Owned Company
Macfadden and Associates, Inc. (Macfadden), a privately held professional services company providing humanitarian disaster assistance, integrated information technology and program management services and support, announced today that its Employee Stock Ownership Plan (ESOP) Trust has acquired 100 percent of the outstanding shares of Macfadden. Former President and founder, Jim Macfadden stepped down and sold his remaining company stock to the employees of Macfadden effective March 28, 2007.
Macfadden's ESOP was initially established in 2004 when Jim Macfadden transferred 35 percent of Macfadden's stock equity to employees in preparation for a planned exit from the company. Russell E. Hall, Chief Executive Officer, has been named president, and a new Board of Directors will be seated immediately.
"At Macfadden, we believe that the employee-ownership culture provides our hard-working team members with the motivation to truly fulfill our mission of delivering results and exceeding the expectations of our customers," said Mr. Hall. "Macfadden values our employees and our ESOP affords our staff the opportunity to make positive contributions to the company while growing their own shareholder wealth."
Macfadden will be holding its annual shareholder meeting on Thursday, May 17, 2007 to discuss the impact of the change in ownership and the strategic direction of the company. During the past several months Macfadden has been awarded several contracts for new initiatives and renewed contracts for several long-term customers. "We are excited about the future of Macfadden and the opportunities for growth that exist in the near future," said Mr. Hall. "There is no better way for a company to be successful than providing its employees with a stake in what they do each and every day. A culture of employee ownership provides our employee-owners with a culture of collaboration that drives innovation."
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