Virtually all businesses are exposed to the risk associated with commodity inflation. The degree of exposure varies but the consequences of ignoring the risk can be significant. The risk can be direct or indirect. The Federal Reserve will argue that monetary policy will offset the inflationary risk associated with higher commodity prices, while other economists warn that they are a precursor to inflationary pressure. Who do we believe? How do we monitor?  How do we manage? Come join us to learn more about this important issue and how it impacts your business.

Speakers

Nicholas Fereday - Senior Analyst, Food & Agribusiness Research and Advisory, Rabobank International-Americas

Joseph Goehring - Previous Director of Commodity Operations at Hershey Company

Robert Salomon - Professor at the Stern School of Business, New York University

Event Chair and Moderator
Brian O'Malley - CEO, Domino Foods

Speaker Bios:
Nicholas Fereday is President, Senior Analyst, covering research for FAR on the North American Value Added Processing sector at Rabobank International.  Prior to joining Rabobank, he was a Senior Economist and Vice President of Sales, Research & Marketing , at LMC International, an independent economic and business consultancy for the agribusiness sector.  Prior to LMC, Nick worked as a Senior Research Economist for The Natural Resources Institute in the U.K.  Additionally he has worked as a freelance economic journalist, a Senior Economist with the Government of Papua New Guinea, as well as a lecturer/tutor in Applied Economics.  Nick holds a M.Sc. in Agricultural Economics from Reading University in the U.K.

Joseph Goehring is presently an Instructor of Global Finance at Penn State University where he teaches an upper level Finance course that focuses on financial derivatives.  From 1998 – 2008 Joseph was Director of Commodity Operations at the Hershey Company where he was responsible for Procurement and Risk Management of all worldwide commodities, ingredients and energy.  Joseph holds a BS in Finance from Penn State University and an MBA in Finance from Rutgers University.

Robert Salomon is a Professor at the Stern School of Business, New York University.  Robert primarily teaches courses in Corporate Strategy and International Business at the MBA and Executive levels.  He has received commendations for “Excellence in Teaching” at both New York University and the University of Southern California.  He was nominated for “Professor of the Year” honors at the Stern School of Business 2010.  He has even been described in the Wall Street Journal as an educator who provides “brilliant distilled advice on business strategy.”  Robert has earned several noteworthy distinctions for his research papers including 2006 IABS Best Article Award as well as being published in a many prestigious journals and academic books.  In 2007, Robert authored and published his first book entitled “Learning from Exporting: New Insights, New Perspectives”.

NOTE: The University Club dress code - Men are required to wear jackets, dress shirts and ties.  Women must wear attire meeting similar standards.  In addition, cellular phones and personal digital assistants must remain silent and may not be used in public areas of the Clubhouse.

Questions?  Contact Lisa Carnesi, lcarnesi@ceotrust.org