Movers and Shakers of the Sovereign Military Order of Malta: Frederic V. Salerno

Monday, 1 September 2008

Frederic V. Salerno

Frederic V. Salerno - President of NYNEX Worldwide Services Group; Chairman and Senior Advisor to Gabelli Group Capital Partners; Verizon CFO; Bell Atlantic CFO; President and CEO of New York Telephone; Corporate Centipede

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A native New Yorker, Frederic Salerno joined New York Telephone in 1965 and was elected vice president in 1983, when he directed the divestiture of the company from the Bell System. He was promoted to executive vice president and chief operating officer of New England Telephone in 1985. Two years later, Salerno became president and chief executive officer of New York Telephone. In 1991, Salerno was appointed vice chairman of NYNEX, a position he held until the 1997 Bell Atlantic merger, which added chief financial officer to his title. When the Bell Atlantic/GTE merger formed Verizon, he was named vice chairman and chief financial officer of the new company. He remained in this position until his retirement in September 2002. During his 37 years in the telecommunications industry, Salerno served as a lead negotiator in three of the most significant mergers in business history: the 1997 merger of Bell Atlantic and NYNEX; Bell Atlantic's merger with GTE; and the union of the U.S. wireless assets of Bell Atlantic and Vodafone to make the country's largest wireless provider, Verizon Wireless. He also directed Bell Atlantic's successful efforts to realize the annual expense savings, capital efficiencies and revenue gains from the merger with NYNEX. Salerno is a member of the corporate boards of Akamai Technologies, Bear Stearns, CBS Corporation, Popular, Inc. and Viacom. He serves as lead director for IntercontinentalExchange; senior advisor to Welsh, Carson, Anderson & Stowe and New Mountain Capital, LLC; and chairman of Gabelli Group Capital Partners. He is a former director of KeySpan; Orange & Rockland Utilities; Orion Power Holdings; Avnet, Inc.; Heidrick & Struggles; Dun & Bradstreet; and Consolidated Edison. An active participant in community and educational issues, Salerno is a current member of the Futures in Education Committee of the Diocese of Brooklyn and a member of the American Association of the Sovereign Military Order of the Knights of Malta. He is the former president of the Inner-City Scholarship Fund and was appointed chairman by then-Gov. Mario Cuomo to New York's Temporary State Commission on the Distribution of State Aid to Local School Districts (1988) and the board of trustees of the State University of New York (1990-1996). Salerno also served as chairman of the Archdiocese of New York's Partnership for Quality Education Campaign. He is a former member of the board of trustees of Manhattan College, Xavier High School, New Visions for Public Schools and National Constitution Center. He has received several distinctions, including the National Italian American Foundation's Special Achievement Award for Humanitarian Service in 1999. Also, Edward Cardinal Egan of the Archdiocese of New York knighted Salerno to the Order of St. Gregory the Great in 2006. Salerno received a Bachelor of Science in electrical engineering from Manhattan College in 1965 and a Master of Business Administration from Adelphi University in 1968. He and his wife, Patricia, have been married for 41 years and reside in Rye, N.Y. They have three children, Fred Jr., Laura and Amy, and four grandchildren.

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A native New Yorker, Frederic Salerno joined New York Telephone in 1965 and was elected vice president in 1983, when he directed the divestiture of the company from the Bell System. He was promoted to executive vice president and chief operating officer of New England Telephone in 1985. Two years later, Salerno became president and chief executive officer of New York Telephone.

In 1991, Salerno was appointed vice chairman of NYNEX, a position he held until the 1997 Bell Atlantic merger, which added chief financial officer to his title. When the Bell Atlantic/GTE merger formed Verizon, he was named vice chairman and chief financial officer of the new company. He remained in this position until his retirement in September 2002.

During his 37 years in the telecommunications industry, Salerno served as a lead negotiator in three of the most significant mergers in business history: the 1997 merger of Bell Atlantic and NYNEX; Bell Atlantic's merger with GTE; and the union of the U.S. wireless assets of Bell Atlantic and Vodafone to make the country's largest wireless provider, Verizon Wireless. He also directed Bell Atlantic's successful efforts to realize the annual expense savings, capital efficiencies and revenue gains from the merger with NYNEX.

Salerno is a member of the corporate boards of Akamai Technologies, Bear Stearns, CBS Corporation, Popular, Inc. and Viacom. He serves as lead director for IntercontinentalExchange; senior advisor to Welsh, Carson, Anderson & Stowe and New Mountain Capital, LLC; and chairman of Gabelli Group Capital Partners. He is a former director of KeySpan; Orange & Rockland Utilities; Orion Power Holdings; Avnet, Inc.; Heidrick & Struggles; Dun & Bradstreet; and Consolidated Edison.

An active participant in community and educational issues, Salerno is a current member of the Futures in Education Committee of the Diocese of Brooklyn and a member of the American Association of the Sovereign Military Order of the Knights of Malta. He is the former president of the Inner-City Scholarship Fund and was appointed chairman by then-Gov. Mario Cuomo to New York's Temporary State Commission on the Distribution of State Aid to Local School Districts (1988) and the board of trustees of the State University of New York (1990-1996). Salerno also served as chairman of the Archdiocese of New York's Partnership for Quality Education Campaign. He is a former member of the board of trustees of Manhattan College, Xavier High School, New Visions for Public Schools and National Constitution Center.

He has received several distinctions, including the National Italian American Foundation's Special Achievement Award for Humanitarian Service in 1999. Also, Edward Cardinal Egan of the Archdiocese of New York knighted Salerno to the Order of St. Gregory the Great in 2006.

Salerno received a Bachelor of Science in electrical engineering from Manhattan College in 1965 and a Master of Business Administration from Adelphi University in 1968. He and his wife, Patricia, have been married for 41 years and reside in Rye, N.Y. They have three children, Fred Jr., Laura and Amy, and four grandchildren.

http://www.manhattan.edu/alumni_friends/delasallemedal08.php (Proof Positive)

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Frederic V. Salerno Born: c. 1944 Birthplace: New York City Gender: Male Race or Ethnicity: White Occupation: Business Nationality: United States Executive summary: CFO of Verizon, 2000-02 President and Chief Executive Officer of New York Telephone (1987-91). University: MBA, Adelphi University (1968) Administrator: Trustee, State University of New York (1990-96) Administrator: Trustee, Manhattan College Verizon CFO (2000-02) Bell Atlantic CFO (1997-2000) NYNEX Vice Chairman, Finance and Business Development (1994-97) NYNEX President of NYNEX Worldwide Services Group (1991-94) Member of the Board of Akamai (2002-) Member of the Board of Avnet (1993-2003) Member of the Board of Bear Stearns (1993-) Member of the Board of Consolidated Edison (2002-) Member of the Board of Dun & Bradstreet Member of the Board of Gamco Investors (2003-) Member of the Board of Heidrick & Struggles (2003-) Member of the Board of IntercontinentalExchange (2002-) Member of the Board of NYNEX Member of the Board of Popular, Inc. (2003-) Member of the Board of Verizon (2000-01) Member of the Board of Viacom (1996-) Fusion Telecommunications Advisory Board Bush-Cheney '04 Gore 2000 Inner-City Scholarship Fund Trustee Knights of Malta

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Frederic V. Salerno

Born: c. 1944
Birthplace: New York City

Gender: Male
Race or Ethnicity: White
Occupation: Business

Nationality: United States
Executive summary: CFO of Verizon, 2000-02

President and Chief Executive Officer of New York Telephone (1987-91).

University: MBA, Adelphi University (1968)
Administrator: Trustee, State University of New York (1990-96)
Administrator: Trustee, Manhattan College

Verizon CFO (2000-02)
Bell Atlantic CFO (1997-2000)
NYNEX Vice Chairman, Finance and Business Development (1994-97)
NYNEX President of NYNEX Worldwide Services Group (1991-94)
Member of the Board of Akamai (2002-)
Member of the Board of Avnet (1993-2003)
Member of the Board of Bear Stearns (1993-)
Member of the Board of Consolidated Edison (2002-)
Member of the Board of Dun & Bradstreet
Member of the Board of Gamco Investors (2003-)
Member of the Board of Heidrick & Struggles (2003-)
Member of the Board of IntercontinentalExchange (2002-)
Member of the Board of NYNEX
Member of the Board of Popular, Inc. (2003-)
Member of the Board of Verizon (2000-01)
Member of the Board of Viacom (1996-)
Fusion Telecommunications Advisory Board
Bush-Cheney '04
Gore 2000
Inner-City Scholarship Fund Trustee
Knights of Malta

http://www.nndb.com/people/777/000124405/
http://www.nndb.com/org/433/000053274/

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Salerno, Frederic V. SMOM • CFO, Verizon (2000-02)

http://www.learn-usa.com/relevant_to_et/Sec...and_Undue_Influence.pdf

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Salerno is a member of the American Association of the Sovereign Military Order of the Knights of Malta, an international relief organization with permanent observer status in the United Nations.

http://www.prnewswire.com/cgi-bin/stories.p...-2002/0001716639&EDATE=

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Salerno is a member of the American Association of the Sovereign Military Order of the Knights of Malta and serves on the Board of Governors of the Columbus Citizens Foundation.

http://www.encyclopedia.com/doc/1G1-16404579.html
SMOM by mention:
http://phx.corporate-ir.net/phoenix.zhtml?c...le&ID=297260&highlight=
http://www.jasperjottings.com/2002/jasperjottings20020825.htm
http://www.lictcorp.com/press/2002/release_archive_02.pdf
http://www.cabrinifoundation.org/News/salerno110702.html
Social Network Diagram (negligible):
http://www.namebase.org/cgi-bin/nb06?_SALERNO_FREDERIC_V