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PRELIMINARY PROGRAM

2018 NATIONAL TREASURERS CONFERENCEMAY 30–JUNE 1, 2018 | THE PRINCETON CLUB | NEW YORK, NY

THE NATIONAL ASSOCIATION OF CORPORATE TREASURERSTREASURERS TALKING TO TREASURERS - A MEMBER-DRIVEN ORGANIZATION

TREASURY IN TODAY’S ENVIRONMENT BUILDING BLOCKS FOR THE FUTURE

PRELIMINARY PROGRAM2

T A B L E O F C O N T E N T S

3 Welcome Letter

4 2018 Conference Highlights

5 Board of Directors

6 Featured Speakers

11 Conference Agenda

12 Topics and Events

14 Networking Events

15 Registration Form

2018 NACT NATIONAL TREASURERS CONFERENCE 3

On behalf of the NACT Board of Directors, we invite you to attend the 2018 National

Treasurers Conference in New York City, from May 30 – June 1, 2018.

Treasurers Talking to Treasurers - a Member-Driven Organization is the value

proposition that NACT provides to our members. This year’s conference theme is

Treasury in Today’s Environment – Building Blocks for the Future. The program

provides opportunities for experts and practitioners to network and exchange

innovative ideas and best practices in candid, off-the-record settings. Our aim is to

support the resilient treasurer by strengthening skills to bounce back despite economic

and political uncertainties in today’s very dynamic environment.

This year’s guest speakers include:

• Ioana Barza, Director of Analysis, Thomson Reuters, returns by popular demand

to give her review of everything related to the syndicated loan market for both

investment-grade and leveraged borrowers.

• Ebrahim Rahbari is a Managing Director and the Head of Global Macroeconomics

within Citi Research, based in New York. Ebrahim’s mandate is to shape Citi’s views on

global economic developments, major policy issues, major events, significant themes

and longer-term trends, some of which include G10 monetary policy, global growth,

investment, financial conditions and crises.

• John Sileo is CEO of The Sileo Group of data security experts who help organizations

protect the information that drives their profits. His body of work includes

engagements with the Pentagon, USA Today, Visa, 60 Minutes, Homeland Security,

Rachael Ray, Schwab and organizations of all sizes. Treasurers are keenly aware that

no matter what they do correctly every day, one mistake that can never be allowed

is to compromise the integrity of their company’s cash and its safe transfer, across

borders and currencies, from where it is generated to wherever it is needed. John

Sileo will make sure we keep safe.

• In addition, the morning of the first day is dedicated to a closed-door, open forum

with treasurers from major public corporations and privately held firms sharing their

insights and experiences on topics that are relevant to you and your organization.

D E A R N A C T C O L L E A G U E S


• An Open Forum discussion among treasurers ONLY

• Thought-provoking sessions with industry experts and treasurers on:

Cyber Insurance

Supply Chain Financing

Banks and Capital Markets

Rating Agency Panel

Global Regulatory Changes

The NACT Board of Directors has been very active this year, including

taking advocacy positions to benefit our profession. We will provide

an update on these activities during the conference, including

changes to the Dodd-Frank Act on derivatives, an update on money

market fund regulations, and NACT’s leadership to develop a

replacement for LIBOR and other interest rate indexes with key input

from corporate treasurers.

Do not miss this exceptional opportunity to attend the premier

conference developed exclusively by your fellow corporate treasurers.

The venue at the Princeton Club offers excellent facilities for our

sessions, as well as convenience for those who wish to conduct other

business while in New York. For unfettered discussions of Treasurers

Talking to Treasurers, non-practitioner speakers and corporate

sponsors generally are only present during their applicable sessions

and sponsored events.

As you review the program agenda, please provide feedback on any

aspects of the sessions that you would like emphasized. And, of

course, additional topics of interest are always candidly discussed

during the Open Forum. We look forward to seeing you in New York!

2 0 1 8 N A T I O N A L T R E A S U R E R S C O N F E R E N C E H I G H L I G H T S :


The NACT Board is comprised of member treasurers who are committed to advancing the profession. We

welcome feedback on all relevant topics. The Board has been very proactive in fostering dialogue among

political, regulatory and industry players, and has approved advocacy positions urging restraint on proposed

regulations for the money market fund industry and OTC Derivatives. The NACT Chairman also represents

the organization as a delegate to the meetings of the International Group of Treasury Associations

(www.igta.org), a global forum comprised of the national treasury associations of approximately 30

countries. He presently serves as IGTA’s Vice Chairman and its Immediate Past Chairman.

BOARD OFFICERS

CHAIRMANThomas C. Deas, Jr. (2017 National Chair)Vice President & Treasurer, FMC Corporation (Retired)

PRESIDENT Michael R. WilliamsVice President & TreasurerOrbital ATK, Inc.

EXECUTIVE VICE PRESIDENT Bjork HupfeldGlobal TreasurerThe Hershey Company

SECRETARY/TREASURERRuud P. RoggekampAssistant Treasurer, Corporate Finance & BankingThe Boeing Company

IMMEDIATE PAST CHAIRMAN Ramon Yi Senior Director, Treasury Port of Houston Authority

N A C T B O A R D O F D I R E C T O R S ( J U LY 2 0 1 7 - J U N E 2 0 1 8 )

BOARD MEMBERS

Nicholas BijurVice President & TreasurerPacific Gas & Electric Corporation

J. Gregory CoffeyPartner, SeatonHill Partners LLC.

Bradley Fox Vice President & Treasurer

Allen A. GellerExecutive Vice President & TreasurerRaines International, Inc.

Gerard A. Halpin IIIPresident & Chief Executive OfficerSiemens Capital Company, LLC

Mary Dean HallChief Financial OfficerQuaker Chemical Corporation

Kimberly A. Hunter Treasurer & Vice President

Karen N. LathamCorporate Treasurer

Robert T. MarleyAssistant TreasurerEnersys

William MekrutVice President & TreasurerFM Global

Colleen O’ConnorVice President & TreasurerThe Duchoissos Group, Inc.

Otis O. OtihGlobal Treasury DirectorMARS, INC.

Mark W. PetersonVice President & Treasurer

Susan PlotzkyTreasurer

William M. RiggerGroup Assistant TreasurerWillis Towers Watson

Peter L. SeredaSenior Vice President-Finance & TreasurerTelephone & Data Systems, Inc.

J. Darrell ThomasVice President & TreasurerHarley-Davidson, Inc.

Kevin WilsonVice President & TreasurerIngredion Incorporated

Ted YerdonVice President & TreasurerSteel Partners Holding LP


Philip A. Baggaley Managing Director, S&P Global Ratings

Philip A. Baggaley is a managing director in Corporate Ratings. He is Sector Lead for U.S. transportation, autos, and defense; and coordinator for the global transportation industry team. Philip has addressed numerous industry conferences on airlines and railroads, and has testified before the aviation subcommittees of the Senate and House of Representatives. He joined the company in 1985 as a transportation bond analyst, took over direction of the transportation team in 1990, and had management responsibility for aerospace and defense ratings from 1993 to 2014, before assuming his current role.

Prior to joining S&P, Philip was a commercial banking officer with The First National Bank of Chicago and a lecturer in the Yale University History Department. He holds a B.A. in history and international relations from the University of Pennsylvania, and a Ph.D. in history from Yale University. He is a Chartered Financial Analyst.

Ioana Barza Director of Analysis, Thomson Reuters LPC

As a Director of Analysis at Thomson Reuters LPC, Ioana Barza writes and presents frequently on corporate credit markets with a special focus on loan capital markets to the banking, regulatory, corporate borrower, institutional investor, and private equity communities. In addition, Ms. Barza conducts interviews with market leaders for Reuters Insider.

Ms. Barza has been with Thomson Reuters LPC since 1999. She provides insight and analysis related to the global credit markets and co-moderates roundtable discussions among leading buyside and sell-side representatives focused in the U.S. on investment grade lending, leveraged finance, CLOs, middle market lending, and the broader European loan market.

Prior to joining Thomson Reuters LPC, Ms. Barza focused on environmental finance initiatives with the Environmental Protection Agency’s (EPA) Office of International Activities. She has also worked at the Overseas Private Investment Corporation (OPIC) in Washington, DC, evaluating the economic and environmental impacts of proposed overseas investments. Ms. Barza has a BA in environmental sciences and international relations from Northwestern University and a graduate degree in economics from the George Washington University.

Brendin Cave Executive Director, U.S. Investment Grade Finance, J.P. Morgan

Brendin Cave is an Executive Director in J.P. Morgan’s Investment Grade Finance team and joined the group in 2007. In his current role at J.P. Morgan, he provides strategic capital raising advice and execution for debt and hybrid products for North American banks, broker-dealers,

asset managers, specialty finance and captive finance companies. Mr. Cave also advises J.P. Morgan Chase & Co., one of the largest issuers in the global debt capital markets, on its liquidity and capital needs.

Prior to joining J.P. Morgan, Mr. Cave was a credit analyst in the Leverage Finance division at CIT Group Inc. Mr. Cave has a B.S. from The Pennsylvania State University where he studied Finance and Economics.

Thomas C. Deas, Jr. Vice President & Treasurer, FMC Corporation, Retired, Chairman of the NACT Board of Directors

Thomas C. Deas, Jr. is the current Chairman of the National Association of Corporate Treasurers (www.nact.org), having also served a previous term as its Chairman from 2011 through 2013. From 2001 until his retirement in 2016, he served as Vice President and Treasurer of FMC Corporation (NYSE: FMC), with responsibility for the worldwide treasury function, including financing, treasury operations, pension investments and funding, and insurance and risk management. Prior to joining FMC, he served as Vice President, Treasurer and CFO of Applied Tech Products Corp., of Airgas, Inc. (NYSE: ARG) and of Maritrans Inc. (NYSE: TUG). Prior to these positions, Mr. Deas was employed for 18 years at Scott Paper Company (NYSE: SPP), where he served in various capacities in finance and treasury.

Mr. Deas received a BS in Physics from the University of South Carolina.Following service as a destroyer officer in the U.S. Navy, he received an MBA from the Wharton School of the University of Pennsylvania. He is the past Chairman of the International Group of Treasury Associations and is a director of the University of South Carolina Educational Foundation and its Investment Policy Committee. He has served as a member of the Financial Stability Board’s Market Participants’ Group and is a current representative to the Federal Reserve’s Alternative Reference Rates Committee. Both these efforts are charged to recommend changes concerning how LIBOR and other interest rate indexes are determined. Mr. Deas is a member of the steering committee of the Coalition for Derivatives End-Users. He is a frequent speaker at investor conferences and professional forums.

Jeff Diorio Director, Treasury Strategies, a Division of Novantas, Inc.

As a Director at Treasury Strategies, Jeff works with corporate treasury departments, treasury technology vendors, as well as financial institutions across a wide variety of complex engagements in designing treasury and banking solutions for today’s challenging liquidity and risk environment. Jeff has more than 30 years of experience in both financial technology as well as global treasury operations that allow him to bring a strategic focus to this leadership role. Specialties include development of solutions, system selection and implementation, project management, hosting/ASP/Cloud based solutions.

F E A T U R E D S P E A K E R S


Jeff is currently a Director at Large on the board of the Treasury Management Association of New York. He has been a speaker at the AFP National Conference, and numerous regional treasury and bank conferences. Jeff has a BS in Mathematics from Northwestern University and is also a Certified Cash Manager.

Peter Frank US Leader, Financial and Treasury Management PwC

Peter is a Principal in PwC’s Advisory line of service and leads its Financial & Treasury Management Practice. Mr. Frank has over 20 years experience in Finance, Treasury and Risk Management. His expertise includes financial management, corporate finance, treasury management, enterprise risk management, working capital management and financial risk management.

Prior to joining PricewaterhouseCoopers, Mr. Frank spent four years in the Treasury function of Chevron Corporation, where he was responsible for currency risk management, interest rate risk management, investment strategy, and corporate analysis of business development opportunities.

Mr. Frank has an undergraduate degree from the University of Pennsylvania and Masters degrees in Business and Engineering from the University of Michigan.

Craig D. Fraser Managing Director, Fitch Ratings

Craig Fraser is a managing director in the U.S. corporate finance group at Fitch Ratings, where he leads the Industrials/Transportation team. The team covers a diverse group of sectors, including aerospace & defense, airlines/aircraft finance, autos & auto parts, capital goods, diversified manufacturing, engineering & construction, and transportation/logistics.

Prior to joining Fitch in 2002, Craig was an equity research analyst/associate at Morgan Stanley, where he worked in several groups including the global aerospace and defense team. He also previously worked in the corporate finance group at Bank of America. Before entering the financial industry, Craig served as an officer in the United States Navy.

Craig holds a BS in economics from the University of Pennsylvania (Wharton School) and an MBA in finance from Columbia University’s Graduate School of Business.

Cathryn R. Gregg, CCM Managing Director, Treasury Strategies, a division of Novantas, Inc.

Ms. Gregg sets the group’s strategic direction and manages senior client relationships. Her guidance improves strategies and risk management operations for corporate treasury. She is highly involved in advancing treasury technology applications and has focused on payment systems and banking evolution since founding Treasury Strategies in 1982.

Ms. Gregg has been a vocal advocate for client interests in regulatory matters, speaking to the U.S. Senate Banking Committee regarding the Volcker Rule and authoring numerous papers on the financial collapse, money fund regulations and the impact of regulatory change on U.S. liquidity markets. She has been a keynote speaker at the Federal Reserve Bank of Chicago Payments Conference, NACHA, TAWPI, the AFP National Conference, and numerous regional treasury and bank conferences.

Ms. Gregg received her MBA from the University of Chicago following a BA in Economics and Psychology from Kenyon College, where she has served on the Board of Trustees. She is a certified CCM, and has served on the advisory boards of a number of Treasury Strategies’ bank clients. She is also an avid gardener and cook.

John Loftus Senior Vice President, Cyber Security & Privacy Risk Willis Towers Watson

John is one of Willis Towers Watson’s cyber leaders with responsibility over the Northeast & Mid-Atlantic regions. In this role, he works closely with many of the firm’s largest clients. He focuses on combining insurance and preventative risk management services to help corporations fully address & mitigate cyber risk. As one of the firm’s cyber leaders, he routinely speaks, presents and authors papers in the space. Additionally, he was recently named a winner of Business Insurance Magazine’s annual 40 Under 40 awards, which recognizes outstanding performers positioned to become the next generation of leaders in the insurance and risk management field.

Prior to joining Willis, John worked as an Associate in Morgan Stanley’s Private Wealth Management Group. His team managed roughly $1 billion dollars for high-net worth individuals, foundations, and endowments. He began his career in 2005 as a financial analyst in Goldman Sachs’s Private Wealth Management Group.

John received a BA from St. Lawrence University, where he was a two-sport athlete, earning All-American honors in lacrosse. He was named a USILA Scholar All-American as a senior.

John also holds Series 7 & 66 licenses.


Laura Meade Insurance Programs Manager, Telephone and Data Systems (TDS)

Laura Meade is the Insurance Programs Manager for Telephone and Data Systems (TDS), a telecommunications company based in Chicago, IL, and has been with the company since 2011. In her current position, her major responsibilities include managing property, casualty, and executive liability insurance programs and claims resolution enterprise-wide.

Prior to joining TDS, Laura worked at Marsh as an insurance broker for four years, servicing global casualty and national brokerage clients. Laura graduated from Illinois State University’s Katie School of Insurance in 2007 with a B.A in Insurance, Finance, and Economics, and earned an MBA in Risk Management from Loyola University Chicago in 2014. Laura holds her CPCU and ARM designations, and is a board member of the Chicagoland RIMS Chapter.

Laura will be discussing how to maximize the value of your cyber insurance program, including:

• How to evaluate your company’s insurance coverage.

• Leverage treasury’s role to assist with breach response preparation.

• Outline resources available to mitigate damages post-loss.

• Questions to ask within your organization to understand and provide solutions to your program’s current and future state.

Warfield Price Managing Director, J.P. Morgan

Warfield Price leads J.P. Morgan’s FIG and Retail Leveraged Finance practices and is based in New York. Warfield is principally responsible for leveraged finance transactions in the Financial Services, Real Estate Finance and Retail Sectors. In Warfield joined J.P.Morgan in 1999 and has worked in several other business areas including Leveraged Finance, Investment Banking Coverage, and Restructuring Finance.

Warfield joined J.P. Morgan in 1999 and graduated from Duke University with a Bachelor of Arts Degree, Magna Cum Laude in 1999 and is a CFA Charterholder.

John Puchalla Senior Vice President, Moody’s Investors Service

John Puchalla is a Senior Vice President in Moody’s Corporate Finance Group. John serves as a full-time Rating Committee Chair, and leads research on defaults and liquidity. John has covered a variety of corporate sectors at Moody’s including consumer products, media and entertainment, broadcasting and cable, publishers and amusement parks. John originally joined Moody’s in 1997 as a member of the Economics Analysis group evaluating trends in global corporate credit quality and credit markets until transferring to the Corporate Finance Group in 2002.

Prior to joining Moody’s, John held various positions at NASDAQ and MNC Financial. John holds an M.B.A. in finance, economics and international business from New York University, a B.S. in finance from Penn State University, and is a CFA charter holder.

Ebrahim Rahbari Managing Director Citigroup

Ebrahim Rahbari is a Managing Director and the Head of Global Macroeconomics within Citi Research, based in New York. Ebrahim’s mandate is to shape Citi’s views on global economic developments, major policy issues, major events, significant themes and longer-term trends, some of which include G10 monetary policy, global growth, investment, financial conditions and crises. Ebrahim oversees Citi’s flagship global economic outlook publication and is also tasked with coordinating Citi’s views on global and advanced economy economics and the collaboration between Citi’s economists and strategists, as well as taking a leadership role in developing Citi Economics strategy for data analytics and in strengthening our relationship with external research partners. Prior to his current role, Ebrahim was a senior global economist for Citi in New York and a Director of European and Global Economics in London, where he focused on economic developments in the Eurozone, including the ECB and the European sovereign debt and banking crisis, and was Citi’s lead economist for Germany (2013-15) and for Spain (in 2012). Ebrahim holds a Master’s degree and PhD in Economics from London Business School and a BA (Hons) in Economics and Management from Oxford University (Balliol College).

Grace Ries Staff Vice President-Manager, Cyber Risk Insurance Products FM Global

Based in the corporate office, Johnston RI, Grace Ries leads the cyber risk insurance product team to ensure FM Global delivers market leading cyber products and services that are competitive advantage in this emerging market while achieving growth and profitability goals for the company. She joined FM Global as a consultant engineer in San Francisco Operations in 2007, then moved to Boston operations to be a special chemical risk engineer. She later worked as an account engineer in Boston operations, handling a book of business in the pharmaceutical, food manufacturing and aircraft manufacturing sectors. She then became an account manager in Chemical operations, providing global insurance services and consulting to clients in the chemical industry. She holds a Bachelor of Science degree in Chemical Engineering and Materials Science Engineering from University of California, Davis. Grace is a mother to two daughters, 4 and 2.


John Sileo Chief Executive Officer, The Sileo Group

John Sileo’s identity was stolen and used to embezzle $300,000 from his clients. The exposure destroyed John’s career and consumed two years of his life as he fought to stay out of jail. Combining real-world experience with years of study, John became an award-winning author and leading expert on cyber security, identity theft and data privacy. John is CEO of The Sileo Group, a data security think tank that helps organizations protect the information that drives their profits. His body of work includes engagements with the Pentagon, USA Today, Visa, 60 Minutes, Homeland Security, Rachael Ray, Schwab and organizations of all sizes. John graduated with honors from Harvard University and spends his free time with his remarkable wife and two highly spirited daughters.

Darrell Thomas Vice President and Treasurer, Harley-Davidson Financial Services, Inc.

Darrell Thomas is Vice President and Treasurer for Harley-Davidson, Inc. and the Chief Financial Officer of Harley-Davidson Financial Services, Inc., its wholly- owned finance subsidiary. He is Chair of Harley-Davidson’s Retirement Plans Committee and Finance Committee. He joined Harley-Davidson in June 2010.

Prior to joining Harley-Davidson, Thomas was with PepsiCo, Inc. in Purchase, NY. During the almost seven years that he was at PepsiCo, he served as its Vice President and Assistant Treasurer (Jan. 2006 to May 2010), and Director Capital Markets (Nov. 2003 to Jan. 2006). During his tenure at PepsiCo, Thomas was responsible for a $5 billion cash investment portfolio and global debt portfolio of $25 billion and pension assets of $9 billion, which were spread across 6 countries. Prior to joining PepsiCo, he had fifteen years at Citicorp/Citibank where he held various capital markets and corporate finance roles.

Thomas has an MBA in Finance from The Wharton School and a BA degree in Economics from Tufts University. He has served on the Board of Directors of Big Brothers Big Sisters of Metro Milwaukee since 2011. He also serves on the United Way of Greater Milwaukee’s Investment Committee and he joined the Board of the National Association of Corporate Treasurers in 2017.

Jeff Tilley Manager, Cyber Hazards FM Global

Jeff Tilley is the manager of cyber hazards at FM Global and is based in the company’s New York operations office in Parsippany, New Jersey.

As the manager of the cyber hazards team, Jeff brings 15 years of engineering and underwriting experience to lead the development and delivery of FM Global’s cyber engineering solutions.

Jeff joined FM Global in 2003 as a consultant engineer and has worked as an account engineer, account manager, and most recently as manager of the New York operation’s account engineering department.

He holds a Bachelor of Science degree in aerospace engineering from the University of Virginia.

Michael R. Williams Vice President and Treasurer

Orbital ATK

Mr. Williams currently serves as Vice President and Treasurer of Orbital ATK, a global leader in aerospace and defense technologies. With annual revenues of approximately $4.6 billion and a workforce of 13,000 people, the company designs, builds and delivers space, defense and aviation-related systems for customers around the globe, both as a prime contractor and merchant supplier. In his role as Treasurer, Mr. Williams is responsible for Orbital ATK’s banking and capital markets activities, treasury management, risk management, derivatives, real estate and retirement plans investment activities.

Prior to joining Orbital ATK in 2001, Mr. Williams served as Managing Director of Global Corporate and Investment Banking at Bank of America. Mr. Williams’ career in banking spanned 23 years with Bank of America and other leading financial institutions. During his banking career, Mr. Williams served in numerous leadership roles related to corporate and investment banking activities.

Mr. Williams received an MBA (with honors) from the University of Michigan and a BS in Business Administration from the University of Maryland. He currently serves as President of the National Association of Corporate Treasurers.


WEDNESDAY, MAY 30, 2018

2:00 – 5:30 PM Conference Registration

6:30 – 8:30 PM Opening Reception

9:00 – 10:00 PM Hospitality Suite

THURSDAY, MAY 31, 2018


7:30 – 8:30 AMContinental Breakfast

Interest Rate Index and Other Regulatory Reforms

8:30 – 12:30 PM Open Forum

10:30 – 10:45 AM Refreshment Break

12:30 – 2:15 PM Luncheon with Keynote Speaker John Sileo

2:15 – 2:30 PM Refreshment Break

2:30 – 3:45 PM Session 1 – The Ins and Outs of Cyber Insurance

3:45 – 5:00 PM Session 2 – Strategic Business Partnerships – Supply Chain Finance Programs

6:30 – 7:30 PM Cocktail Reception

7:30 – 10:00 PM Dinner and Dessert with Guest Speaker Ebrahim Rahbari

10:30 – 11:00 PM Hospitality Suite

FRIDAY, JUNE 1, 2018


7:45 – 8:30 AMContinental Breakfast

A New Starting Line for Corporate Treasurer

8:30 – 9:30 AM Session 3 – Ratings in a Changing Environment

9:30 – 9:45 AM Refreshment Break

9:45 – 11:00 AMSession 4 – Banks and Capital Markets: Raising Capital with

Change as the Baseline

11:00 – 12:00 PM Loan Market Update: How Is the Loan Market Changing

12:00 – 12:30 PM NACT Announcements and Annual Business Meeting

2 0 1 8 C O N F E R E N C E A G E N D A



CONTINENTAL BREAKFAST 7:30 – 8:30 AM

Interest Rate Index and Other Regulatory Reforms

Peter Frank US Leader, Financial and Treasury Management, PwC

Tom Deas Chairman, National Association of Corporate Treasurers

Is LIBOR Really Going Away? What Else Is Happening?

Tom Deas is representing U.S. treasurers on the Fed’s newly formed Alternative Reference Rates Committee. He will go over the ARRC’s efforts to replace LIBOR and its recommendations on specific protocols for how loans, swaps, and a range of other contracts need to change. Peter Frank is a leader of PwC’s treasury advisory practice in New York and he will take us through his views on how treasurers can manage these changes across almost every financial market and develop a change-over plan before LIBOR ends in 2021. Peter will also outline other upcoming regulatory and accounting changes treasurers need to prepare for.

Peter will also outline other upcoming regulatory changes, including tax reform and accounting changes, among others, that Treasurers need to prepare for.

OPEN FORUM – TREASURERS TALKING TO TREASURERS 8:30 AM – 12:30 PM

Moderators: Allen Geller, Executive Vice President & Treasurer, Raines International, Inc.

Bjork Hupfeld, Global Treasurer, The Hershey Company

Don’t miss the most popular session of our conference. Share your knowledge and experience, as well as ask questions and gain insights from your fellow treasurers on the latest financial topics. It all takes place in a candid, confidential forum under “Vegas Rules”.

LUNCHEON WITH KEYNOTE SPEAKER 12:30 – 2:15 PM

John Sileo, CEO of The Sileo Group, a data security think tank that helps organizations protect the information that drives their profits. As a cyber security expert serving thousands of organizations, John’s experiences have led to speaking engagements with the Pentagon, Visa, Charles Schwab, Homeland Security, the FDIC, Pfizer, Million Dollar Round Table, the FTC, Northrop Grumman, The Hartford, the Federal Reserve Bank, the University of Massachusetts and hundreds of organizations, universities, and associations of all types. No matter the size of the company or technical experience of the audience, John makes sure participants are motivated and educated to change their relationship to data security.

SESSION 1 2:30 – 3:45 PM

The Ins and Outs of Cyber Insurance

Moderator: Allen Geller Executive Vice President & Treasurer Raines International, Inc.

Panelists: John Loftus, Senior Vice President, Cyber Security & Privacy

Willis Tower Watson

Grace Ries, Staff Vice President-Manager Cyber Risk Insurance Products, FM Global

Jeff Tilley, Vice President Cyber Hazard, FM Global

Laura Meade, Insurance Programs Manager, Telephone Data Systems

Cyber exposure is business exposure. Protecting property including data today requires both broad-based cyber coverage and a comprehensive plan for preventing or minimizing cyber risk—and the risk it poses to your business operations. Leading cyber property coverages require powerful risk assessment and mitigation strategies. This creates a broad, 360-degree cyber strategy that goes beyond the defensive posture of coverage to proactively measure and prevent potential cyber exposure and maximize business resilience.

Session 2 3:45 – 5:00 PM

Strategic Business Partnerships – Supply Chain Finance Programs

Moderator: Rich Moore, Corporate Treasurer, Caterpillar Inc.

Panelists: Indirah Toovey, Executive Director, J.P. Morgan Strategic Director Supply Chain Finance Global Trade & Loan Products, Corporate & Investment Bank

Douglas Schoch, VP Finance Siemens Capital Company LLC - A Siemens Financial Services Business

Robert Worthington, Assistant Treasurer, International Finance FMC Corporation

Supply Chain Finance (SCF) programs come in various forms and structures, but the key to successful implementation is broad engagement and partnership between Finance and the Business. The panel will discuss various SCF structures, systems and tools available, as well as share their journeys in developing and deploying successful SCF programs.

DINNER AT THE PRINCETON CLUB WITH GUEST EBRAHIM RAHBARI

2 0 1 8 C O N F E R E N C E T O P I C S A N D E V E N T S


FRIDAY, JUNE 1, 2018

CONTINENTAL BREAKFAST 7:45 – 8:30 AM

A New Starting Line for Corporate Treasury

Speakers: Jeff Diorio, Managing Director, Treasury Strategies, a Division of Novantas, Inc.

Cathryn R. Gregg, CCM, Managing Director, Treasury Strategies, a Division of Novantas, Inc.

Jeff Diorio and Cathryn R. Gregg of Treasury Strategies will be briefing us on several key areas affecting treasury at this breakfast briefing.

They will be discussing the current state of block-chain and digital currencies, the impacts on organizations and what you need to be prepared for. In addition, they will be giving a briefing on the state of digital treasury transformation and initiatives they see Treasury departments focused on for 2018 as part of their State of the Treasury profession briefings.

Please attend as Jeff and Cathryn have vast knowledge on all areas related to Treasury, including regulatory, market impacts, liquidity optimization, technology and risk mitigation. This promises to be entertaining and informative.

Session 3 8:30 – 9:30

Ratings in a Changing Environment

Moderator: Ramon Yi, Senior Director, Treasury, Port of Houston Authority Immediate Past Chairman, NACT

Panelists:

Craig D. Fraser, Managing Director, Fitch Ratings

John Puchalla, Senior Vice President, Moody’s Investors Service

Philip A. Baggaley, Managing Director, S&P Global Ratings

Gain insights from senior representatives of Fitch Ratings, Moody’s Investors Service, and S&P Global Ratings on how the current growth environment, tax reform, tariffs, U.S. infrastructure proposal, changes in oil and commodity prices, rising interest rates, as well as other perceived risks in the global and political arenas may affect the credit ratings outlook for different industries.

Session 4 9:45 – 11:00 AM

Banks and Capital Markets: Raising Capital with Change as the Baseline

Moderator: J. Darrell Thomas, Vice President & Treasurer, Harley-Davidson, Inc.

Panelists: Brendin Cave, Executive Director, J.P. Morgan, U.S. Investment Grade Finance

Warfield Price, Managing Director, J.P. Morgan

Michael R. Williams, Vice President & Treasurer, Orbital ATK Inc.

Debt Capital Markets Panel

For most companies – the best long term source of debt capital is the bond market. Four experienced panelists representing investment grade and non-investment grade issuers and investment grade and non-investment grade bankers will discuss the global debt markets with a focus on the United States market. They will discuss the best ways to go to market, the issuing formats (pros and cons), the considerations when going to market, and investor demands and expectations. Additionally, there will a discussion of the role of keys players including the investment banks, legal counsel and ratings agencies.

Session 5 11:00 AM – 12:00 PM

Loan Market Update: How Is the Loan Market Changing

Speaker:

Ioana Barza, Director of Analysis, Thomson Reuters LPC

How is the loan market changing?

• Market insights from the viewpoints of borrowers, lenders, and regulators

• Will banks see loosening of Leveraged Lending Guidance?

• Where is loan pricing headed?

• LIBOR Long-Term: Will it go away…and what would this mean?


WEDNESDAY, MAY 30, 2018

Opening Conference Reception with NACT Corporate Sponsors

Enjoy this first opportunity to network with your treasurer colleagues and representatives from our valued corporate sponsor companies during a reception at the Princeton Club.

Hospitality Suite

Close out your first day at the conference by sharing a beer, glass of wine, or cocktail with your fellow treasurers on the Fourth Floor of the Princeton Club.


Reception, Dinner and Dessert

Start the evening with a cocktail reception at the Princeton Club followed by dinner and dessert. Relax, network and enjoy the evening with fellow treasurers!

Hospitality Suite

Compare notes or just unwind with your fellow treasurers on the Fourth Floor of the Princeton Club.

HOTEL INFORMATION

Sofitel New York 45 West 44th Street New York, NY 10036 Phone: 212-354-8844

ROOM RESERVATIONS

NACT has negotiated a special group rate of $379 (queen) and $399 (luxury king) per night at the Sofitel New York hotel. All room reservations must be made directly with the hotel (877-565-9240) by April 30, 2018. Be sure to reference the National Association of Corporate Treasurers when booking your accommodations.

Rooms are reserved on a first-come, first-served basis. Reserve your room as early as possible to take advantage of the group rate.

CONFERENCE LOCATION

The Princeton Club 15 West 43rd Street New York, NY 10036

N E T W O R K I N G E V E N T S


NACT 2018 NATIONAL CONFERENCE May 30 - June 1, 2018 The Princeton Club New York, NY

Registration is open to members, spouses/guests and non-member treasurers. Please print or type the information requested. Your badge name and company should appear as you want them to appear on your badge. Payment in full must accompany this registration form. All cancellations must be made in writing. Written notice of cancellations received at NACT headquarters by April 30, 2018 are entitled to a full refund, less a $250.00 service charge. Registration cancellations received on or after April 30, 2018 are nonrefundable. Please return this form along with payment to: National Association of Corporate Treasurers, 11130 Sunrise Valley Drive, Suite 350, Reston, VA 20191. Registrations can be faxed to 703 435 4390, or submitted online. If you are paying by credit card and fax your registration, please do not

also mail the form—this may result in double payment.

Name ______________________________________ Badge Name _______________________

Title ____________________________________________________________________________

Company ________________________________________________________________________

Address _________________________________________________________________________

City ______________________________________________ State _____________ Zip_________

Phone ____________________________________________ Fax __________________________

Spouse/Guest ____________________________________________________________________

REGISTRATION FEES

Member Registration (includes all meeting sessions, materials and social functions) By April 30, 2018 $1,595.00 After April 30, 2018 $1,695.00 Total $ _________

Non-Member Registration (includes all meeting sessions, materials and social functions)

By April 30, 2018 $1,850.00 After April 30, 2018 $1,950.00 Total $ _________

PAYMENT

Check enclosed for $

Charge my registration for $ ___________ VISA MasterCard AMEX

Name on card ____________________________________________________________________

Card no. _____________________________________________ Expiration date _____________

Signature _______________________________________________________________________

EVENTS

For planning purposes, please identify the events you are likely to attend and how many individuals will be attending.

Opening Reception (May 30) Yes # _____ No

Reception and Dinner at the Princeton Club (May 31) Yes # _____ No

C O N F E R E N C E R E G I S T R A T I O N . T H R E E E A S Y W A Y S T O R E G I S T E R :1. Online through the NACT’s website at

www.nact.org

2. Fax registration form to: 703-435-4390

3. Mail registration form to National Association of Corporate Treasurers, 11130 Sunrise Valley Drive, Suite 350, Reston, VA 20191

Registration Fees Include: All events on the agenda (breakfasts, lunch, dinner, receptions and refreshment breaks) and all conference materials. Attendees are responsible for making their own hotel reservations.

Conference Attire: Dress for the entire meeting, including the social functions, is business casual.

Cancellation/Refund Policy: Written notice of cancellations received at NACT headquarters by April 30, 2018 are entitled to a full refund, less a $250.00 service charge. Registration cancellations received after April 30, 2018 are nonrefundable.

Special Accommodations: NACT will do everything possible to ensure every attendee receives the full value of participating in the National Treasurers Conference. If you or your guest have any physical needs, dietary needs, or require other special accommodations in order to participate, please specify on the registration form. You may also call the NACT headquarters at 703-437-4377 or email [email protected].

N E T W O R K I N G E V E N T S R E G I S T R A T I O N F O R M

NATIONAL ASSOCIATION OF CORPORATE TREASURERS

11130 Sunrise Valley Drive, Suite 350, Reston, VA 20191

Tel 703.437.4377 • Fax 703.435.4390 • www.nact.org

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