.jpg)
Mr. Raia was promoted from senior director to vice president of marketing. Matthew Morano was promoted to vice president of technology business analysis from senior director of requirement planning and analysis. Kenneth Shifrin was hired as vice president and controller.
Ms. Boyd had been a member of the Exchange board since 1998 and a gasoline trader on the Exchange since 1987. She is the only woman in Exchange history to serve on its executive committee, a position she held from 2000 to 2001. At the time of her appointment, Ms. Boyd was chairman of the Exchange government relations committee and co-chairman of its petroleum product and local advisory committees.
Ms. Boyd has headed the NYMEX Charitable Foundation committee as the chairman since 1992 and will continue to spearhead the Exchange's philanthropic efforts in her staff role. Under her guidance, the Foundation has grown from an annual budget of $125,000 to more than $1.8 million in 2003. Through the Foundation's children in need fund-raising drive, which was initiated by Ms. Boyd, thousands of inner city children and those with special needs have been able to attend summer camp.
She will also continue as chairman of the New York Mercantile Exchange Charitable Assistance Fund, a public charity formed in the aftermath of September 11, which resulted in the distribution of $4.4 million to families of the victims associated with the Exchange.
Ms. Boyd obtained her bachelor's degree in business from Farleigh Dickinson University at night while working full-time. She was awarded the Futures and Options for Kids community service award in 1998, the Ellis Island Award in 2001, the United Cerebral Palsy Women Who Care Award in 2003, the 50 Key Women in Energy - Global award in February 2003, and the Key Women in Energy - Americas award in March 2003.
Mr. Raia has more than 22 years of experience in the energy and transportation sectors and has held various positions in oil transportation and trading. Mr. Raia joined the Exchange in 2001 as a marketing director. He was promoted to senior director of marketing last year after successfully leading the marketing and sales effort surrounding the launch of off-Exchange clearing. Since inception in June of 2002, the Exchange has cleared more than 6.8 million contracts initially transacted outside the Exchange in the electricity, natural gas, and petroleum markets.
Immediately prior to joining the Exchange, Mr. Raia was an energy industry consultant, most recently working for Aquila Energy in Kansas City. Earlier in his career, Mr. Raia was senior vice president of business development for JAGfn, a live financial news show, where he was responsible for arranging broadcast placement contracts with several large broadcast, satellite, and cable companies. He also served as senior on-air energy analyst/anchor for JAGfn and reported on equities and commodities in the energy sector on-air several times per hour, including interviewing chief executive officers, corporate officers, and financial analysts.
Mr. Raia is a graduate of the New York Maritime Academy and sailed in the U.S. Merchant Marines, exclusively on oil tankers of all sizes, until 1988 when he received his U.S. Coast Guard master's license.
Mr. Morano joined the Exchange in 1992 as a business analyst and was promoted to senior business analyst in 1995. He wrote the business requirements for the Windows-based NYMEX ACCESS® electronic trading platform. He also recommended business solutions to various committees for approval and developed detailed requirements documentation for developers.
Mr. Morano briefly left the Exchange in 2000 to work as vice president of project coordination for Deutsche Bank Securities, but he returned later the same year as senior director of requirement planning and analysis. In this role, he managed a team of business analysts writing business and functional specifications for Exchange computer systems and provided expert analysis on all electronic trading issues.
Mr. Morano has also held memberships with the Coffee, Sugar, & Cocoa Exchange; the Commodity Exchange, Inc.; the New York Futures Exchange; and the Chicago Mercantile Exchange. He holds a bachelor of arts degree in philosophy from Colgate University and is working on his masters of science in management and systems at New York University, expecting to graduate this fall.
Mr. Shifrin will join the Exchange on January 20 from Electronic Broking Systems (EBS), where he was global controller for the past two years. Prior to EBS, he held several senior financial roles including chief financial officer of Gateway Logistics, Corp., and chief financial officer and vice president of finance for Hirsch International, Corp.
Mr. Shifrin, who has more than 20 years of public and private accounting experience and an extensive background in company operations, also worked as a controller for National Business Products, Inc., and Career Employment Services, Inc.
He holds a masters of business administration in accounting from Adelphi University, a bachelor of arts degree in economics from the State University of New York at Stony Brook, and he is a certified public accountant.
