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Bank Announces Appointments to Economic Advisory Council

For immediate release
Contact: Marilyn Wimp, E-mail Manager — Media Relations, (215) 574-4197

Philadelphia, Pa. — The Federal Reserve Bank of Philadelphia today announced the appointments of Thomas J. Doll, executive vice president, COO, and CFO, Subaru of America, Inc.; Michael Araten, president and CEO, the Rodon Group and K’NEX Brands; Bill Polacek, president and CEO, JWF Industries and JWF Defense Systems, LLC, in Johnstown; and M. Shawn Puccio, senior vice president of finance, Saint-Gobain Corporation, to serve three-year terms on the Bank’s Economic Advisory Council. The Bank also announced the appointment of Jeffrey Jonas, senior vice president, research and development, Shire’s Specialty Pharmaceuticals and Regenerative Medicine business, to a two-year term. Kevin Flemming, president, Integrity Personnel, Inc., and CEO, Integrity Business Services, LLC, has been given a two-year extension to his term on the council.

The five new appointees replace retiring members Rose Lee, president of Saint-Gobain Crystals; Robert McMahon, senior vice president of Merck & Co., Inc.; RoseAnn B. Rosenthal, president and CEO of Ben Franklin Technology Partners of Southeastern PA; Rodman Ward III, president of Corporation Services Company; and Daniel Falasca, president of Falasca Mechanical.

The council includes representatives from diverse industries as well as nonprofits and organized labor in the Third Federal Reserve District, which covers eastern Pennsylvania, southern New Jersey, and Delaware.

Council members provide information to Federal Reserve Bank officials about business conditions in their industries and communities. Armed with these insights, Fed policymakers can make more informed decisions.

Thomas J. DollThomas J. Doll

Thomas J. Doll is executive vice president, COO, and CFO of Subaru of America, Inc., with headquarters in Cherry Hill, NJ. In this role, he is responsible for overseeing operations for the entire organization. Doll joined Subaru of America in 1982, and from 1985-1988, he was the manager of its treasury operations. In 1988, he was promoted to director of treasury operations and then to director of accounting one year later. In 1991, Doll became vice president of business and strategic planning. He was later promoted to chief financial officer, responsible for business and strategic planning, budgeting, controller functions, accounting, and financial reporting. In April 2009, Doll was promoted to chief operating officer. Prior to joining Subaru of America, he spent five years at the former Arthur Young & Company.

Doll received a B.A. in accounting from Villanova University and an M.A. from Drexel University. He is active in several financial organizations, including the American Institute of Certified Public Accountants.

Jeffery JonasJeffrey Jonas

Jeffrey Jonas is senior vice president of research and development for Shire’s Specialty Pharmaceuticals and Regenerative Medicine business in Wayne, PA. Jonas oversees the global medical affairs, global regulatory affairs, and health economics and outcomes research for these businesses as well as all aspects related to the strategic direction of pipeline projects within Shire’s attention deficit hyperactivity disorder, gastrointestinal, and emerging business units. Prior to joining Shire, he served as executive vice president at Isis Pharmaceuticals. Previously, Jonas served as the chief medical officer and executive vice president at Forest Laboratories. He began his career at Upjohn Laboratories.

Jonas received an M.D. from Harvard Medical School and completed a residency in psychiatry at Harvard, where he served as chief resident in psychopharmacology at Harvard Medical School’s McLean Hospital.

Michael AratenMichael Araten

Michael Araten was appointed president and CEO of the Rodon Group and K’NEX Brands in January 2009. He joined K’NEX and the Rodon Group in 2005 as vice president and general counsel and became president and chief operating officer in 2006. Before joining K’NEX, Araten served as chief litigation counsel to Toll Brothers, Inc. and senior vice president for O’Neill Properties Group.

Araten serves on the boards of the Greater Philadelphia Chamber of Commerce, the Central Bucks Chamber of Commerce, ALMO Corporation, 911Safety, LLC, American Made Matters, and the Delaware Valley Chapter of the Crohn’s and Colitis Foundation of America. He is a member of Smart CEO and Vistage International and is active with the North Penn United Way. Araten holds a B.A. in political science from Stanford University and a J.D. from the University of Pennsylvania.

Bill PolacekBill Polacek

Bill Polacek is president and CEO of JWF Industries and JWF Defense Systems, LLC, of Johnstown, PA. He also owns JWF Machining, A.I.M., JWF Coatings, Johnstown Structural, and CFM Air Compressors and is president and CEO of Environmental Tank & Container, also based in Johnstown, PA. Polacek started JWF Industries in 1987 and has more than 25 years of experience in the steel fabrication industry.

Polacek formerly served on the board of directors of CNB Financial Corporation. He was named one of Pennsylvania Business Central’s “Top 100 Business People” in 2011 and is actively involved with the Johnstown/Cambria County Chamber of Commerce Advisory Board. In 2009, he received a Doctor of Humane Letters from St. Francis College.

M. Shawn PuccioM. Shawn Puccio

M. Shawn Puccio is the senior vice president of finance for Saint-Gobain Corporation, the North American business of Compagnie de Saint-Gobain, in Valley Forge, PA. She joined the company in 2002, serving as its vice president of internal control services until 2005, when she was appointed vice president of finance. She became senior vice president in 2006. Prior to joining Saint-Gobain, Puccio served as a partner at PricewaterhouseCoopers LLP.

Puccio is a member of the American Institute of Certified Public Accountants, the Pennsylvania Institute of Certified Public Accountants, and the Forum of Executive Women. She currently serves on the board of directors of UGI Corp and on the board of trustees of Saint Joseph’s Preparatory High School. Puccio has a B.A. in business administration in accounting from Marquette University and an M.B.A. from the Wharton School of the University of Pennsylvania.

Kevin FlemmingKevin Flemming

Kevin Flemming has been a member of the Economic Advisory Council since 2010. He is president of Integrity Personnel, Inc., and CEO of Integrity Business Services, LLC, both headquartered in Allentown, PA. He joined Integrity in 1997 as head of business development. He was named president in December 2003.

Flemming is a past board member of the Lehigh Valley Economic Development Corporation and was co-chair of Valley Vision 2015, a regional urban revitalization initiative in the cities of Allentown, Bethlehem, and Easton. He is a member of the DeSales University President’s Council and serves on the board of directors of the Forum for Ethics in the Workplace. He holds a B.A. in business management from DeSales University and a certified staffing professional (CSP) designation from the American Staffing Association.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.

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