SOURCE: Forum for Corporate Directors

Forum for Corporate Directors

August 17, 2009 09:00 ET

FCD Announces New Members to Its 2010 Board of Directors

John Della Grotta Elected Chairman

NEWPORT BEACH, CA--(Marketwire - August 17, 2009) - The Forum for Corporate Directors (FCD), a leading Southern California resource for achieving corporate board excellence and good governance, announces four new members to its 2010 Board of Directors. The new board members are Scott Capifoni, President of Focus Financial Management; Charles F. Cargile, Senior Vice President, Chief Financial Officer & Treasurer of Newport Corporation; Dean M. Samsvick, Managing Partner of the Orange County Office of KPMG LLP; and Dean A. Yoost, Director of Pacific Life, Emulex Corporation, Union Bank and iGlyko.

In a separate release, the FCD announced that John Della Grotta, Partner, Paul, Hastings, Janofsky & Walker LLP has been elected Chairman of the Board.

Capifoni is President of Focus-Financial Management, an executive financial management company for both middle market companies and entrepreneurial ventures throughout the West Coast. Focus-Financial helps companies better understand their true financial operating results by developing measurable key financial indicators and making necessary adjustments in systems and processes. Capifoni is a CPA, and holds a Masters of Business Administration from The Paul Merage School of Management at UC Irvine, and a Bachelors of Science degree in Accounting from San Diego State University.

Cargile is Senior Vice President, Chief Financial Officer & Treasurer of Newport Corporation, a leading global supplier of advanced technology products and systems to the research, microelectronics, life and health science and other industrial customers. In addition to his responsibilities for all of finance and information technology, he leads Newport's Global Corporate Operations, including manufacturing operations in China. In his role, he acts as the financial liaison with the Board of Directors as well as the Audit and Investment Committees. He has extensive experience in strategic financial management, various corporate finance and credit transactions, and mergers & acquisitions. Cargile is a CPA, holds a Masters in Business Administration from USC and a Bachelors of Science Degree in Accounting from Oklahoma State University.

Samsvick is Managing Partner of the Orange County office of KPMG LLP. He also is Partner-in-Charge of KPMG's Orange County audit practice. As Managing Partner of the Orange Office, Samsvick oversees the three primary KPMG practices, audit, tax and advisory. Samsvick, who has been with KPMG since 1981, has extensive audit experience serving clients in the technology, medical technology and healthcare industries and manages KPMG's relationship with many of the Firm's significant Orange County clients in all three practice groups. Samsvick also serves on Cal State Fullerton's Dean's Advisory Board for the College of Business, the Board of the Cal State Fullerton Center for Corporate Reporting and Governance, the UCI CEO Roundtable and the Elder Board at Kindred Community Church in Anaheim Hills. He also very recently completed a nine year term on the Board of Trustees of South Coast Repertory Theater. Samsvick is a CPA and holds a Bachelors of Science in Accounting from California State University, Fullerton.

Yoost is a member of the Board of Directors of Pacific Life Company, a Fortune 500 company and California's largest life insurer; a member of the Board of Emulex Corporation, a NYSE-listed company and a leading source of advanced storage networking infrastructure solutions; and a board member of Union Bank, one of the largest twenty-five banks in the United States. Yoost also is a founder and serves as the Chairman of the Board of iGlyko, Inc., a medical device start-up company developing a continuous glucose monitor for in-hospital use. Yoost spent 32 years with PricewaterhouseCoopers before retiring. At PWC, he held numerous leadership positions. Among his many accomplishments, Yoost was a member of the Global Oversight Board of PWC International Limited, the coordinating entity for the global network of PWC affiliated firms; the Managing Partner of PWC's Orange County Office; and Treasurer, CFO and a member of the executive Board for the Southern California Olympic Games.

"FCD is committed to promoting the highest standard of corporate governance and to bringing together directors, executive officers, capital providers and those who support boards in a dialogue to address today's most topical and challenging corporate governance issues through peer relationships, education and thought leadership," said John Della Grotta, FCD Chairman. "Our upcoming Governance Outlook in September and our expanded Directors' Institute in November are just a couple of examples of this commitment."

About Forum for Corporate Directors

Founded in 1991, the Forum for Corporate Directors is a non-profit organization that helps directors, C-level executives and others who support boards set the highest standards in corporate governance. FCD provides a forum where peer-to-peer relationships develop and valuable insights are gained through world-class programs and ISS/Risk Metrics-certified director education.

FCD members include many of Southern California's top business and corporate leaders. In addition, corporate members include Advanced Medical Optics; Alacer Corp.; Conexant Systems, Inc.; CSUF Mihaylo College of Business & Economics; DDi Corp.; Emulex Corporation; Local.com; MFLEX; Microsemi Corporation; National Technical Systems; Powerwave Technologies; QLogic Corporation; Quality Systems, Inc.; RealtyTrac; Resources Global Professionals; SRS Labs; and The Paul Merage School of Business at UC Irvine.

Contact Information

  • For additional information, please contact:
    Catherine Rose
    Executive Director
    Forum for Corporate Directors
    4675 MacArthur Court, Suite 800
    Newport Beach, California 92660
    (714) 686-9969
    E-mail: Email Contact