ADL Says Re-Election of Iranian President Rouhani Reminds Us How Little Has Changed

New York, NY, May 21, 2017 … The Anti-Defamation League (ADL) said the re-election of Iranian President Hassan Rouhani does not change the imperative that the world must be vigilant and oppose the regime’s internal and external aggressions.

Jonathan A. Greenblatt, ADL CEO, issued the following statement:

This election reminds us how little has changed in the Islamic Republic of Iran. Incumbent Hassan Rouhani was one of the handful of candidates handpicked by Iran’s Supreme Leader and the Guardian Council. And, indeed, the ultimate power in the country continues to lie with the Supreme Leader. It is even a stretch to call this an election in any conventional sense when all the contestants were hand-picked by the Supreme Leader, when outsiders were not permitted to observe the process, and when minority candidates were excluded from the polls.

It is unhelpful when Western media portray Rouhani as the ‘moderate’ candidate. This description only clouds the reality of modern Iran. It is a brutal theocracy that oppresses its own people, albeit some quarters prefer to strengthen the bureaucrats and others prefer to strengthen the clerics. But regardless of the winner in this process, the outcome is the same: authoritarianism, militarism, repression, and an unbroken allegiance to the Islamic revolution.

We cannot forget that under this so-called ‘moderate’ leader, there was no slowdown in Iran’s aggressive regional policy, including state sponsorship of terrorism; active participation in war crimes committed in Syria; and unceasing belligerence against Israel that manifested through financial and material support for terror organizations along with an unrelenting stream of anti-Semitic propaganda. Nor was there a moderation of its gross human rights violations against religious minorities, the LGBT community, journalists and others, particularly its widespread use of imprisonment and execution to intimidate its own citizens.

It is important that the U.S. Administration has been tough in holding Iran accountable through enhanced sanctions related to its missile program and human rights outrages. We call on the international community to be vigilant and continue to press for real policy, democratic and social reform.

University Board elects seven trustees

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The University of Rochester Board of Trustees elected seven new trustees at its May meeting.

“Each newly elected member has a deep affinity for the University and its mission,” said Board Chair Danny Wegman. “I’m very pleased to welcome these knowledgeable, successful and insightful individuals to the Board. We are very fortunate to have them serve.”

These are exceptional new Board members. I look forward to working with them as we take our University to The Next Level,” said President and CEO Joel Seligman.

New trustees

Joan S. Beal ’84E is a studio singer and vocal contractor for film, media, and television in Los Angeles. She is currently performing as soprano soloist with House of Cards in Concert with her spouse, composer/conductor Jeff Beal ’85E. Past appearances include a premiere with the National Symphony Orchestra at the Kennedy Center in Washington, D.C., as well as concerts in Miami, the Netherlands and Denmark, with future concerts scheduled in Belgium and Israel.

She previously was cover, comprimario, and chorister with the San Francisco Opera Company, and a professional singer in New York City ensembles, including Musica Sacra, and solo appearances with the New York Philharmonic and Music Viva. As a member of the Screen Actors Guild and the American Federation of Television and Radio Artists, Beal has sung on more than 100 film scores for composers including John Williams, James Newton Howard, and James Horner, and has done numerous national commercials and television series. Her collaborations with her spouse include vocals for the HBO series Carnivàle and Rome, and most recently, operatic vocals on House of Cards.

In 2015, Joan and Jeff helped establish the Beal Institute for Film Music and Contemporary Media at the Eastman School of Music to help prepare students for careers creating music for film and other media. Joan serves as an advisor to the Beal Institute and is a member of the International Society for Neurovascular Disease. She received a bachelor’s degree in vocal performance from the Eastman School of Music in 1984.

Jay S. Benet ’76S (MBA) is vice chairman and chief financial officer for the Travelers Companies, Inc., a leading provider of property casualty insurance for auto, home and business and a component company of the Dow Jones Industrial Average. He previously served as worldwide head of financial planning, analysis and reporting at Citigroup, as well as chief financial officer for Citigroup’s global consumer business in Europe, the Middle East, and Africa. Before these roles, he held various senior executive positions with Travelers Life & Annuity, including chief financial officer, and was a partner at Coopers & Lybrand (now PwC).

Benet is chair of the Simon Business School Advisory Council and a recipient of Simon’s Distinguished Alumnus Award. He also serves as the chair of the board of the Bushnell Center for the Performing Arts; as a trustee of the Mystic Seaport Museum and the Goodspeed Opera House Foundation; and as a member of the Harpur College Advisory Council of Binghamton University, from which he also received a distinguished alumnus award.

In 2014, Benet and his spouse, Jeanne Benet, established the Jay S. and Jeanne P. Benet Professorship of Finance at the Simon Business School. He received a bachelor’s degree in mathematics from Binghamton University, and an MBA from the Simon Business School. He is a five-time recipient of the Best CFO Award for Insurance from Institutional Investor.

Stephen R. Biggar ’92 is a partner at Baker Brothers Investments in New York City, a fund management company focused on long-term investments in life sciences companies. He joined Baker Brothers as an associate in 2000 before becoming a principal and then partner. In 2013, Biggar joined the board of ACADIA Pharmaceuticals, Inc., a biopharmaceutical company, where he is now board chair. He is a former director of Synageva BioPharma Corp., a biotechnology company that was acquired in 2015, and BioCryst Pharmaceuticals, Inc., a pharmaceutical company focused on autoimmune diseases and antivirals.

Biggar played varsity soccer as a Rochester undergraduate and is a member of the Athletic Campaign Committee. He and his spouse, Liz Biggar—also an alumna and soccer player—are members of the Friends of Rochester Athletics and are active athletics volunteers for the University. Biggar received a bachelor’s degree in biological sciences and molecular genetics from the University of Rochester, and a medical degree and doctoral degree in immunology from Stanford University.

H. Christopher Boehning ’87, ’88 (MS) is a partner in the litigation department at the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP. His practice includes complex commercial and civil litigation matters, criminal and regulatory inquiries, internal investigations, and international arbitrations. He is a regular contributor to the New York Law Journal’s technology column, an ongoing participant in the Sedona Conference Working Group Series, and has been recognized by Chambers and Benchmark Litigation.

Boehning played varsity soccer for four years at Rochester. He and his spouse, Julie Boehning, recently made a leadership gift to establish the Boehning Varsity House, which will include new locker, sports medicine, and equipment rooms for the University’s outdoor sports teams. He is chair of the Arts, Sciences and Engineering National Council, chair of the Athletic Campaign Committee, and a member of the Friends of Rochester Athletics. He has received the University’s John N. Wilder Award and Garnish Citation.

Boehning also serves on the National Council at Washington University School of Law, where he received the Distinguished Alumni Award, and on the Dean’s Advisory Council for the University of Michigan Law School, where he has served as an adjunct professor. He received a bachelor’s degree in political science and master’s degree in public policy analysis from the University of Rochester in 1987 and 1988, respectively, and a law degree from Washington University School of Law in 1994.

Emerson U. Fullwood is the retired corporate vice president of Xerox Corporation. He joined Xerox in 1972 and spent 36 years in executive and general management leadership positions, including director of large global office products and systems businesses, president of Xerox worldwide channels group, president of Latin America, president of worldwide customer services group, and executive chief staff officer of developing markets group. In his most recent assignment, Fullwood was executive chief of staff and marketing officer for Xerox North America.

He serves on several business, higher education, and philanthropic boards. He is lead director of SPX Flow Corporation; a director of Vanguard Group and Vanguard Funds; a former director of Amerigroup Corporation and General Signal Corporation; and vice-chair at North Carolina A&T University. He is also a board member at the University of Rochester Medical Center, Roberts Wesleyan College, Monroe Community College Foundation, the Rochester Urban League, United Way of Greater Rochester, and Rochester Boy Scouts of America. He previously served on the board of the Colgate Rochester Crozer Divinity School. In 2009, Rochester Institute of Technology named Fullwood its Minett Professor, and he served for several years as executive-in-residence at RIT’s Saunders College of Business.

Fullwood was recognized in 2007 by Black Enterprise magazine as one of the “75 Most Powerful African-Americans in Corporate America,” and in 2004 by VAR Business magazine as one of the “Top 100 Executives” responsible for supporting computer resellers. He has received numerous leadership and service awards. Fullwood received a bachelor’s degree in economics from North Carolina State University, an MBA in marketing from Columbia University, and an honorary doctorate from North Carolina A&T University.

John Sexton ’05 (Honorary) is president emeritus, Benjamin Butler Professor of Law, and law school dean emeritus of New York University. He joined NYU’s law faculty in 1981, served as dean from 1988 until 2002, and as president from 2002 to 2016. During his presidency—among other significant accomplishments—NYU created an integrated global university with full research university campuses in Abu Dhabi and Shanghai, as well as New York, and study away campuses in 12 other cities on six continents; there was the largest expansion of faculty in NYU’s history; engineering was restored; applications for admission doubled, even as standards rose dramatically; and fundraising reached record levels.

Sexton is the author of several books, including a leading casebook on civil procedure, Redefining the Supreme Court’s Role: A Theory of Managing the Federal Court, and Baseball as a Road to God: Seeing Beyond the Game. He has chaired the American Council on Education, New York Academy of Sciences, and the Federal Reserve Bank of New York. He served on the board of the National Association of Securities Dealers and now serves on the boards of the Institute of International Education and the College Advising Corps. He is a member of the Global Citizenship Commission and the Council on Foreign Relations. He was a law clerk to U.S. Supreme Court Chief Justice Warren Burger and to U.S. Court of Appeals judges David Bazelon and Harold Leventhal.

Sexton is a fellow of the American Academy of Arts and Sciences. He received a bachelor’s degree in history from Fordham College, a master’s degree in comparative religion and a doctoral degree in the history of American religion from Fordham University, and a law degree, magna cum laude, from Harvard Law School. Sexton has received 18 honorary degrees.

Amy Leenhouts Tait ’85S (MBA) is executive chairman and chief investment officer at Broadstone Real Estate, a full-service real estate company that sponsors private real estate investment offerings and manages commercial and residential properties across 37 states. Tait co-founded Broadstone in 2006 with her spouse, Robert Tait, and her father, the late Norman Leenhouts ’56, a former University of Rochester trustee. She has served as Broadstone’s board chair since 2012 and was chief executive officer until 2017.

Tait began her real estate career with Chemical Bank in management training and commercial real estate lending before joining Home Leasing Corporation, the predecessor to Home Properties. She then served as executive vice president of Home Properties from 1994 to 2001, and as a director and chair of the company’s real estate investment committee until 2012. Tait serves on the board of governors of the National Association of Real Estate Investment Trusts, the Simon School National Council, and the Simon Advisory Council. She has also served on the boards of numerous other community organizations.

In 2016, Tait was inducted into the Rochester Business Hall of Fame, and she also has been honored with the United Way D’Tocqueville Award, the Athena Award, and Simon’s Distinguished Alumni Award. She received a bachelor’s degree in civil engineering from Princeton University and an MBA from the Simon Business School.

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University Board elects seven trustees

University of Rochester's picture

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The University of Rochester Board of Trustees elected seven new trustees at its May meeting.

“Each newly elected member has a deep affinity for the University and its mission,” said Board Chair Danny Wegman. “I’m very pleased to welcome these knowledgeable, successful and insightful individuals to the Board. We are very fortunate to have them serve.”

These are exceptional new Board members. I look forward to working with them as we take our University to The Next Level,” said President and CEO Joel Seligman.

New trustees

Joan S. Beal ’84E is a studio singer and vocal contractor for film, media, and television in Los Angeles. She is currently performing as soprano soloist with House of Cards in Concert with her spouse, composer/conductor Jeff Beal ’85E. Past appearances include a premiere with the National Symphony Orchestra at the Kennedy Center in Washington, D.C., as well as concerts in Miami, the Netherlands and Denmark, with future concerts scheduled in Belgium and Israel.

She previously was cover, comprimario, and chorister with the San Francisco Opera Company, and a professional singer in New York City ensembles, including Musica Sacra, and solo appearances with the New York Philharmonic and Music Viva. As a member of the Screen Actors Guild and the American Federation of Television and Radio Artists, Beal has sung on more than 100 film scores for composers including John Williams, James Newton Howard, and James Horner, and has done numerous national commercials and television series. Her collaborations with her spouse include vocals for the HBO series Carnivàle and Rome, and most recently, operatic vocals on House of Cards.

In 2015, Joan and Jeff helped establish the Beal Institute for Film Music and Contemporary Media at the Eastman School of Music to help prepare students for careers creating music for film and other media. Joan serves as an advisor to the Beal Institute and is a member of the International Society for Neurovascular Disease. She received a bachelor’s degree in vocal performance from the Eastman School of Music in 1984.

Jay S. Benet ’76S (MBA) is vice chairman and chief financial officer for the Travelers Companies, Inc., a leading provider of property casualty insurance for auto, home and business and a component company of the Dow Jones Industrial Average. He previously served as worldwide head of financial planning, analysis and reporting at Citigroup, as well as chief financial officer for Citigroup’s global consumer business in Europe, the Middle East, and Africa. Before these roles, he held various senior executive positions with Travelers Life & Annuity, including chief financial officer, and was a partner at Coopers & Lybrand (now PwC).

Benet is chair of the Simon Business School Advisory Council and a recipient of Simon’s Distinguished Alumnus Award. He also serves as the chair of the board of the Bushnell Center for the Performing Arts; as a trustee of the Mystic Seaport Museum and the Goodspeed Opera House Foundation; and as a member of the Harpur College Advisory Council of Binghamton University, from which he also received a distinguished alumnus award.

In 2014, Benet and his spouse, Jeanne Benet, established the Jay S. and Jeanne P. Benet Professorship of Finance at the Simon Business School. He received a bachelor’s degree in mathematics from Binghamton University, and an MBA from the Simon Business School. He is a five-time recipient of the Best CFO Award for Insurance from Institutional Investor.

Stephen R. Biggar ’92 is a partner at Baker Brothers Investments in New York City, a fund management company focused on long-term investments in life sciences companies. He joined Baker Brothers as an associate in 2000 before becoming a principal and then partner. In 2013, Biggar joined the board of ACADIA Pharmaceuticals, Inc., a biopharmaceutical company, where he is now board chair. He is a former director of Synageva BioPharma Corp., a biotechnology company that was acquired in 2015, and BioCryst Pharmaceuticals, Inc., a pharmaceutical company focused on autoimmune diseases and antivirals.

Biggar played varsity soccer as a Rochester undergraduate and is a member of the Athletic Campaign Committee. He and his spouse, Liz Biggar—also an alumna and soccer player—are members of the Friends of Rochester Athletics and are active athletics volunteers for the University. Biggar received a bachelor’s degree in biological sciences and molecular genetics from the University of Rochester, and a medical degree and doctoral degree in immunology from Stanford University.

H. Christopher Boehning ’87, ’88 (MS) is a partner in the litigation department at the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP. His practice includes complex commercial and civil litigation matters, criminal and regulatory inquiries, internal investigations, and international arbitrations. He is a regular contributor to the New York Law Journal’s technology column, an ongoing participant in the Sedona Conference Working Group Series, and has been recognized by Chambers and Benchmark Litigation.

Boehning played varsity soccer for four years at Rochester. He and his spouse, Julie Boehning, recently made a leadership gift to establish the Boehning Varsity House, which will include new locker, sports medicine, and equipment rooms for the University’s outdoor sports teams. He is chair of the Arts, Sciences and Engineering National Council, chair of the Athletic Campaign Committee, and a member of the Friends of Rochester Athletics. He has received the University’s John N. Wilder Award and Garnish Citation.

Boehning also serves on the National Council at Washington University School of Law, where he received the Distinguished Alumni Award, and on the Dean’s Advisory Council for the University of Michigan Law School, where he has served as an adjunct professor. He received a bachelor’s degree in political science and master’s degree in public policy analysis from the University of Rochester in 1987 and 1988, respectively, and a law degree from Washington University School of Law in 1994.

Emerson U. Fullwood is the retired corporate vice president of Xerox Corporation. He joined Xerox in 1972 and spent 36 years in executive and general management leadership positions, including director of large global office products and systems businesses, president of Xerox worldwide channels group, president of Latin America, president of worldwide customer services group, and executive chief staff officer of developing markets group. In his most recent assignment, Fullwood was executive chief of staff and marketing officer for Xerox North America.

He serves on several business, higher education, and philanthropic boards. He is lead director of SPX Flow Corporation; a director of Vanguard Group and Vanguard Funds; a former director of Amerigroup Corporation and General Signal Corporation; and vice-chair at North Carolina A&T University. He is also a board member at the University of Rochester Medical Center, Roberts Wesleyan College, Monroe Community College Foundation, the Rochester Urban League, United Way of Greater Rochester, and Rochester Boy Scouts of America. He previously served on the board of the Colgate Rochester Crozer Divinity School. In 2009, Rochester Institute of Technology named Fullwood its Minett Professor, and he served for several years as executive-in-residence at RIT’s Saunders College of Business.

Fullwood was recognized in 2007 by Black Enterprise magazine as one of the “75 Most Powerful African-Americans in Corporate America,” and in 2004 by VAR Business magazine as one of the “Top 100 Executives” responsible for supporting computer resellers. He has received numerous leadership and service awards. Fullwood received a bachelor’s degree in economics from North Carolina State University, an MBA in marketing from Columbia University, and an honorary doctorate from North Carolina A&T University.

John Sexton ’05 (Honorary) is president emeritus, Benjamin Butler Professor of Law, and law school dean emeritus of New York University. He joined NYU’s law faculty in 1981, served as dean from 1988 until 2002, and as president from 2002 to 2016. During his presidency—among other significant accomplishments—NYU created an integrated global university with full research university campuses in Abu Dhabi and Shanghai, as well as New York, and study away campuses in 12 other cities on six continents; there was the largest expansion of faculty in NYU’s history; engineering was restored; applications for admission doubled, even as standards rose dramatically; and fundraising reached record levels.

Sexton is the author of several books, including a leading casebook on civil procedure, Redefining the Supreme Court’s Role: A Theory of Managing the Federal Court, and Baseball as a Road to God: Seeing Beyond the Game. He has chaired the American Council on Education, New York Academy of Sciences, and the Federal Reserve Bank of New York. He served on the board of the National Association of Securities Dealers and now serves on the boards of the Institute of International Education and the College Advising Corps. He is a member of the Global Citizenship Commission and the Council on Foreign Relations. He was a law clerk to U.S. Supreme Court Chief Justice Warren Burger and to U.S. Court of Appeals judges David Bazelon and Harold Leventhal.

Sexton is a fellow of the American Academy of Arts and Sciences. He received a bachelor’s degree in history from Fordham College, a master’s degree in comparative religion and a doctoral degree in the history of American religion from Fordham University, and a law degree, magna cum laude, from Harvard Law School. Sexton has received 18 honorary degrees.

Amy Leenhouts Tait ’85S (MBA) is executive chairman and chief investment officer at Broadstone Real Estate, a full-service real estate company that sponsors private real estate investment offerings and manages commercial and residential properties across 37 states. Tait co-founded Broadstone in 2006 with her spouse, Robert Tait, and her father, the late Norman Leenhouts ’56, a former University of Rochester trustee. She has served as Broadstone’s board chair since 2012 and was chief executive officer until 2017.

Tait began her real estate career with Chemical Bank in management training and commercial real estate lending before joining Home Leasing Corporation, the predecessor to Home Properties. She then served as executive vice president of Home Properties from 1994 to 2001, and as a director and chair of the company’s real estate investment committee until 2012. Tait serves on the board of governors of the National Association of Real Estate Investment Trusts, the Simon School National Council, and the Simon Advisory Council. She has also served on the boards of numerous other community organizations.

In 2016, Tait was inducted into the Rochester Business Hall of Fame, and she also has been honored with the United Way D’Tocqueville Award, the Athena Award, and Simon’s Distinguished Alumni Award. She received a bachelor’s degree in civil engineering from Princeton University and an MBA from the Simon Business School.

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University Board elects seven trustees

University of Rochester's picture

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The University of Rochester Board of Trustees elected seven new trustees at its May meeting.

“Each newly elected member has a deep affinity for the University and its mission,” said Board Chair Danny Wegman. “I’m very pleased to welcome these knowledgeable, successful and insightful individuals to the Board. We are very fortunate to have them serve.”

These are exceptional new Board members. I look forward to working with them as we take our University to The Next Level,” said President and CEO Joel Seligman.

New trustees

Joan S. Beal ’84E is a studio singer and vocal contractor for film, media, and television in Los Angeles. She is currently performing as soprano soloist with House of Cards in Concert with her spouse, composer/conductor Jeff Beal ’85E. Past appearances include a premiere with the National Symphony Orchestra at the Kennedy Center in Washington, D.C., as well as concerts in Miami, the Netherlands and Denmark, with future concerts scheduled in Belgium and Israel.

She previously was cover, comprimario, and chorister with the San Francisco Opera Company, and a professional singer in New York City ensembles, including Musica Sacra, and solo appearances with the New York Philharmonic and Music Viva. As a member of the Screen Actors Guild and the American Federation of Television and Radio Artists, Beal has sung on more than 100 film scores for composers including John Williams, James Newton Howard, and James Horner, and has done numerous national commercials and television series. Her collaborations with her spouse include vocals for the HBO series Carnivàle and Rome, and most recently, operatic vocals on House of Cards.

In 2015, Joan and Jeff helped establish the Beal Institute for Film Music and Contemporary Media at the Eastman School of Music to help prepare students for careers creating music for film and other media. Joan serves as an advisor to the Beal Institute and is a member of the International Society for Neurovascular Disease. She received a bachelor’s degree in vocal performance from the Eastman School of Music in 1984.

Jay S. Benet ’76S (MBA) is vice chairman and chief financial officer for the Travelers Companies, Inc., a leading provider of property casualty insurance for auto, home and business and a component company of the Dow Jones Industrial Average. He previously served as worldwide head of financial planning, analysis and reporting at Citigroup, as well as chief financial officer for Citigroup’s global consumer business in Europe, the Middle East, and Africa. Before these roles, he held various senior executive positions with Travelers Life & Annuity, including chief financial officer, and was a partner at Coopers & Lybrand (now PwC).

Benet is chair of the Simon Business School Advisory Council and a recipient of Simon’s Distinguished Alumnus Award. He also serves as the chair of the board of the Bushnell Center for the Performing Arts; as a trustee of the Mystic Seaport Museum and the Goodspeed Opera House Foundation; and as a member of the Harpur College Advisory Council of Binghamton University, from which he also received a distinguished alumnus award.

In 2014, Benet and his spouse, Jeanne Benet, established the Jay S. and Jeanne P. Benet Professorship of Finance at the Simon Business School. He received a bachelor’s degree in mathematics from Binghamton University, and an MBA from the Simon Business School. He is a five-time recipient of the Best CFO Award for Insurance from Institutional Investor.

Stephen R. Biggar ’92 is a partner at Baker Brothers Investments in New York City, a fund management company focused on long-term investments in life sciences companies. He joined Baker Brothers as an associate in 2000 before becoming a principal and then partner. In 2013, Biggar joined the board of ACADIA Pharmaceuticals, Inc., a biopharmaceutical company, where he is now board chair. He is a former director of Synageva BioPharma Corp., a biotechnology company that was acquired in 2015, and BioCryst Pharmaceuticals, Inc., a pharmaceutical company focused on autoimmune diseases and antivirals.

Biggar played varsity soccer as a Rochester undergraduate and is a member of the Athletic Campaign Committee. He and his spouse, Liz Biggar—also an alumna and soccer player—are members of the Friends of Rochester Athletics and are active athletics volunteers for the University. Biggar received a bachelor’s degree in biological sciences and molecular genetics from the University of Rochester, and a medical degree and doctoral degree in immunology from Stanford University.

H. Christopher Boehning ’87, ’88 (MS) is a partner in the litigation department at the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP. His practice includes complex commercial and civil litigation matters, criminal and regulatory inquiries, internal investigations, and international arbitrations. He is a regular contributor to the New York Law Journal’s technology column, an ongoing participant in the Sedona Conference Working Group Series, and has been recognized by Chambers and Benchmark Litigation.

Boehning played varsity soccer for four years at Rochester. He and his spouse, Julie Boehning, recently made a leadership gift to establish the Boehning Varsity House, which will include new locker, sports medicine, and equipment rooms for the University’s outdoor sports teams. He is chair of the Arts, Sciences and Engineering National Council, chair of the Athletic Campaign Committee, and a member of the Friends of Rochester Athletics. He has received the University’s John N. Wilder Award and Garnish Citation.

Boehning also serves on the National Council at Washington University School of Law, where he received the Distinguished Alumni Award, and on the Dean’s Advisory Council for the University of Michigan Law School, where he has served as an adjunct professor. He received a bachelor’s degree in political science and master’s degree in public policy analysis from the University of Rochester in 1987 and 1988, respectively, and a law degree from Washington University School of Law in 1994.

Emerson U. Fullwood is the retired corporate vice president of Xerox Corporation. He joined Xerox in 1972 and spent 36 years in executive and general management leadership positions, including director of large global office products and systems businesses, president of Xerox worldwide channels group, president of Latin America, president of worldwide customer services group, and executive chief staff officer of developing markets group. In his most recent assignment, Fullwood was executive chief of staff and marketing officer for Xerox North America.

He serves on several business, higher education, and philanthropic boards. He is lead director of SPX Flow Corporation; a director of Vanguard Group and Vanguard Funds; a former director of Amerigroup Corporation and General Signal Corporation; and vice-chair at North Carolina A&T University. He is also a board member at the University of Rochester Medical Center, Roberts Wesleyan College, Monroe Community College Foundation, the Rochester Urban League, United Way of Greater Rochester, and Rochester Boy Scouts of America. He previously served on the board of the Colgate Rochester Crozer Divinity School. In 2009, Rochester Institute of Technology named Fullwood its Minett Professor, and he served for several years as executive-in-residence at RIT’s Saunders College of Business.

Fullwood was recognized in 2007 by Black Enterprise magazine as one of the “75 Most Powerful African-Americans in Corporate America,” and in 2004 by VAR Business magazine as one of the “Top 100 Executives” responsible for supporting computer resellers. He has received numerous leadership and service awards. Fullwood received a bachelor’s degree in economics from North Carolina State University, an MBA in marketing from Columbia University, and an honorary doctorate from North Carolina A&T University.

John Sexton ’05 (Honorary) is president emeritus, Benjamin Butler Professor of Law, and law school dean emeritus of New York University. He joined NYU’s law faculty in 1981, served as dean from 1988 until 2002, and as president from 2002 to 2016. During his presidency—among other significant accomplishments—NYU created an integrated global university with full research university campuses in Abu Dhabi and Shanghai, as well as New York, and study away campuses in 12 other cities on six continents; there was the largest expansion of faculty in NYU’s history; engineering was restored; applications for admission doubled, even as standards rose dramatically; and fundraising reached record levels.

Sexton is the author of several books, including a leading casebook on civil procedure, Redefining the Supreme Court’s Role: A Theory of Managing the Federal Court, and Baseball as a Road to God: Seeing Beyond the Game. He has chaired the American Council on Education, New York Academy of Sciences, and the Federal Reserve Bank of New York. He served on the board of the National Association of Securities Dealers and now serves on the boards of the Institute of International Education and the College Advising Corps. He is a member of the Global Citizenship Commission and the Council on Foreign Relations. He was a law clerk to U.S. Supreme Court Chief Justice Warren Burger and to U.S. Court of Appeals judges David Bazelon and Harold Leventhal.

Sexton is a fellow of the American Academy of Arts and Sciences. He received a bachelor’s degree in history from Fordham College, a master’s degree in comparative religion and a doctoral degree in the history of American religion from Fordham University, and a law degree, magna cum laude, from Harvard Law School. Sexton has received 18 honorary degrees.

Amy Leenhouts Tait ’85S (MBA) is executive chairman and chief investment officer at Broadstone Real Estate, a full-service real estate company that sponsors private real estate investment offerings and manages commercial and residential properties across 37 states. Tait co-founded Broadstone in 2006 with her spouse, Robert Tait, and her father, the late Norman Leenhouts ’56, a former University of Rochester trustee. She has served as Broadstone’s board chair since 2012 and was chief executive officer until 2017.

Tait began her real estate career with Chemical Bank in management training and commercial real estate lending before joining Home Leasing Corporation, the predecessor to Home Properties. She then served as executive vice president of Home Properties from 1994 to 2001, and as a director and chair of the company’s real estate investment committee until 2012. Tait serves on the board of governors of the National Association of Real Estate Investment Trusts, the Simon School National Council, and the Simon Advisory Council. She has also served on the boards of numerous other community organizations.

In 2016, Tait was inducted into the Rochester Business Hall of Fame, and she also has been honored with the United Way D’Tocqueville Award, the Athena Award, and Simon’s Distinguished Alumni Award. She received a bachelor’s degree in civil engineering from Princeton University and an MBA from the Simon Business School.

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University Board elects seven trustees

University of Rochester's picture

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The University of Rochester Board of Trustees elected seven new trustees at its May meeting.

“Each newly elected member has a deep affinity for the University and its mission,” said Board Chair Danny Wegman. “I’m very pleased to welcome these knowledgeable, successful and insightful individuals to the Board. We are very fortunate to have them serve.”

These are exceptional new Board members. I look forward to working with them as we take our University to The Next Level,” said President and CEO Joel Seligman.

New trustees

Joan S. Beal ’84E is a studio singer and vocal contractor for film, media, and television in Los Angeles. She is currently performing as soprano soloist with House of Cards in Concert with her spouse, composer/conductor Jeff Beal ’85E. Past appearances include a premiere with the National Symphony Orchestra at the Kennedy Center in Washington, D.C., as well as concerts in Miami, the Netherlands and Denmark, with future concerts scheduled in Belgium and Israel.

She previously was cover, comprimario, and chorister with the San Francisco Opera Company, and a professional singer in New York City ensembles, including Musica Sacra, and solo appearances with the New York Philharmonic and Music Viva. As a member of the Screen Actors Guild and the American Federation of Television and Radio Artists, Beal has sung on more than 100 film scores for composers including John Williams, James Newton Howard, and James Horner, and has done numerous national commercials and television series. Her collaborations with her spouse include vocals for the HBO series Carnivàle and Rome, and most recently, operatic vocals on House of Cards.

In 2015, Joan and Jeff helped establish the Beal Institute for Film Music and Contemporary Media at the Eastman School of Music to help prepare students for careers creating music for film and other media. Joan serves as an advisor to the Beal Institute and is a member of the International Society for Neurovascular Disease. She received a bachelor’s degree in vocal performance from the Eastman School of Music in 1984.

Jay S. Benet ’76S (MBA) is vice chairman and chief financial officer for the Travelers Companies, Inc., a leading provider of property casualty insurance for auto, home and business and a component company of the Dow Jones Industrial Average. He previously served as worldwide head of financial planning, analysis and reporting at Citigroup, as well as chief financial officer for Citigroup’s global consumer business in Europe, the Middle East, and Africa. Before these roles, he held various senior executive positions with Travelers Life & Annuity, including chief financial officer, and was a partner at Coopers & Lybrand (now PwC).

Benet is chair of the Simon Business School Advisory Council and a recipient of Simon’s Distinguished Alumnus Award. He also serves as the chair of the board of the Bushnell Center for the Performing Arts; as a trustee of the Mystic Seaport Museum and the Goodspeed Opera House Foundation; and as a member of the Harpur College Advisory Council of Binghamton University, from which he also received a distinguished alumnus award.

In 2014, Benet and his spouse, Jeanne Benet, established the Jay S. and Jeanne P. Benet Professorship of Finance at the Simon Business School. He received a bachelor’s degree in mathematics from Binghamton University, and an MBA from the Simon Business School. He is a five-time recipient of the Best CFO Award for Insurance from Institutional Investor.

Stephen R. Biggar ’92 is a partner at Baker Brothers Investments in New York City, a fund management company focused on long-term investments in life sciences companies. He joined Baker Brothers as an associate in 2000 before becoming a principal and then partner. In 2013, Biggar joined the board of ACADIA Pharmaceuticals, Inc., a biopharmaceutical company, where he is now board chair. He is a former director of Synageva BioPharma Corp., a biotechnology company that was acquired in 2015, and BioCryst Pharmaceuticals, Inc., a pharmaceutical company focused on autoimmune diseases and antivirals.

Biggar played varsity soccer as a Rochester undergraduate and is a member of the Athletic Campaign Committee. He and his spouse, Liz Biggar—also an alumna and soccer player—are members of the Friends of Rochester Athletics and are active athletics volunteers for the University. Biggar received a bachelor’s degree in biological sciences and molecular genetics from the University of Rochester, and a medical degree and doctoral degree in immunology from Stanford University.

H. Christopher Boehning ’87, ’88 (MS) is a partner in the litigation department at the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP. His practice includes complex commercial and civil litigation matters, criminal and regulatory inquiries, internal investigations, and international arbitrations. He is a regular contributor to the New York Law Journal’s technology column, an ongoing participant in the Sedona Conference Working Group Series, and has been recognized by Chambers and Benchmark Litigation.

Boehning played varsity soccer for four years at Rochester. He and his spouse, Julie Boehning, recently made a leadership gift to establish the Boehning Varsity House, which will include new locker, sports medicine, and equipment rooms for the University’s outdoor sports teams. He is chair of the Arts, Sciences and Engineering National Council, chair of the Athletic Campaign Committee, and a member of the Friends of Rochester Athletics. He has received the University’s John N. Wilder Award and Garnish Citation.

Boehning also serves on the National Council at Washington University School of Law, where he received the Distinguished Alumni Award, and on the Dean’s Advisory Council for the University of Michigan Law School, where he has served as an adjunct professor. He received a bachelor’s degree in political science and master’s degree in public policy analysis from the University of Rochester in 1987 and 1988, respectively, and a law degree from Washington University School of Law in 1994.

Emerson U. Fullwood is the retired corporate vice president of Xerox Corporation. He joined Xerox in 1972 and spent 36 years in executive and general management leadership positions, including director of large global office products and systems businesses, president of Xerox worldwide channels group, president of Latin America, president of worldwide customer services group, and executive chief staff officer of developing markets group. In his most recent assignment, Fullwood was executive chief of staff and marketing officer for Xerox North America.

He serves on several business, higher education, and philanthropic boards. He is lead director of SPX Flow Corporation; a director of Vanguard Group and Vanguard Funds; a former director of Amerigroup Corporation and General Signal Corporation; and vice-chair at North Carolina A&T University. He is also a board member at the University of Rochester Medical Center, Roberts Wesleyan College, Monroe Community College Foundation, the Rochester Urban League, United Way of Greater Rochester, and Rochester Boy Scouts of America. He previously served on the board of the Colgate Rochester Crozer Divinity School. In 2009, Rochester Institute of Technology named Fullwood its Minett Professor, and he served for several years as executive-in-residence at RIT’s Saunders College of Business.

Fullwood was recognized in 2007 by Black Enterprise magazine as one of the “75 Most Powerful African-Americans in Corporate America,” and in 2004 by VAR Business magazine as one of the “Top 100 Executives” responsible for supporting computer resellers. He has received numerous leadership and service awards. Fullwood received a bachelor’s degree in economics from North Carolina State University, an MBA in marketing from Columbia University, and an honorary doctorate from North Carolina A&T University.

John Sexton ’05 (Honorary) is president emeritus, Benjamin Butler Professor of Law, and law school dean emeritus of New York University. He joined NYU’s law faculty in 1981, served as dean from 1988 until 2002, and as president from 2002 to 2016. During his presidency—among other significant accomplishments—NYU created an integrated global university with full research university campuses in Abu Dhabi and Shanghai, as well as New York, and study away campuses in 12 other cities on six continents; there was the largest expansion of faculty in NYU’s history; engineering was restored; applications for admission doubled, even as standards rose dramatically; and fundraising reached record levels.

Sexton is the author of several books, including a leading casebook on civil procedure, Redefining the Supreme Court’s Role: A Theory of Managing the Federal Court, and Baseball as a Road to God: Seeing Beyond the Game. He has chaired the American Council on Education, New York Academy of Sciences, and the Federal Reserve Bank of New York. He served on the board of the National Association of Securities Dealers and now serves on the boards of the Institute of International Education and the College Advising Corps. He is a member of the Global Citizenship Commission and the Council on Foreign Relations. He was a law clerk to U.S. Supreme Court Chief Justice Warren Burger and to U.S. Court of Appeals judges David Bazelon and Harold Leventhal.

Sexton is a fellow of the American Academy of Arts and Sciences. He received a bachelor’s degree in history from Fordham College, a master’s degree in comparative religion and a doctoral degree in the history of American religion from Fordham University, and a law degree, magna cum laude, from Harvard Law School. Sexton has received 18 honorary degrees.

Amy Leenhouts Tait ’85S (MBA) is executive chairman and chief investment officer at Broadstone Real Estate, a full-service real estate company that sponsors private real estate investment offerings and manages commercial and residential properties across 37 states. Tait co-founded Broadstone in 2006 with her spouse, Robert Tait, and her father, the late Norman Leenhouts ’56, a former University of Rochester trustee. She has served as Broadstone’s board chair since 2012 and was chief executive officer until 2017.

Tait began her real estate career with Chemical Bank in management training and commercial real estate lending before joining Home Leasing Corporation, the predecessor to Home Properties. She then served as executive vice president of Home Properties from 1994 to 2001, and as a director and chair of the company’s real estate investment committee until 2012. Tait serves on the board of governors of the National Association of Real Estate Investment Trusts, the Simon School National Council, and the Simon Advisory Council. She has also served on the boards of numerous other community organizations.

In 2016, Tait was inducted into the Rochester Business Hall of Fame, and she also has been honored with the United Way D’Tocqueville Award, the Athena Award, and Simon’s Distinguished Alumni Award. She received a bachelor’s degree in civil engineering from Princeton University and an MBA from the Simon Business School.

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University Board elects seven trustees

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The University of Rochester Board of Trustees elected seven new trustees at its May meeting.

“Each newly elected member has a deep affinity for the University and its mission,” said Board Chair Danny Wegman. “I’m very pleased to welcome these knowledgeable, successful and insightful individuals to the Board. We are very fortunate to have them serve.”

These are exceptional new Board members. I look forward to working with them as we take our University to The Next Level,” said President and CEO Joel Seligman.

New trustees

Joan S. Beal ’84E is a studio singer and vocal contractor for film, media, and television in Los Angeles. She is currently performing as soprano soloist with House of Cards in Concert with her spouse, composer/conductor Jeff Beal ’85E. Past appearances include a premiere with the National Symphony Orchestra at the Kennedy Center in Washington, D.C., as well as concerts in Miami, the Netherlands and Denmark, with future concerts scheduled in Belgium and Israel.

She previously was cover, comprimario, and chorister with the San Francisco Opera Company, and a professional singer in New York City ensembles, including Musica Sacra, and solo appearances with the New York Philharmonic and Music Viva. As a member of the Screen Actors Guild and the American Federation of Television and Radio Artists, Beal has sung on more than 100 film scores for composers including John Williams, James Newton Howard, and James Horner, and has done numerous national commercials and television series. Her collaborations with her spouse include vocals for the HBO series Carnivàle and Rome, and most recently, operatic vocals on House of Cards.

In 2015, Joan and Jeff helped establish the Beal Institute for Film Music and Contemporary Media at the Eastman School of Music to help prepare students for careers creating music for film and other media. Joan serves as an advisor to the Beal Institute and is a member of the International Society for Neurovascular Disease. She received a bachelor’s degree in vocal performance from the Eastman School of Music in 1984.

Jay S. Benet ’76S (MBA) is vice chairman and chief financial officer for the Travelers Companies, Inc., a leading provider of property casualty insurance for auto, home and business and a component company of the Dow Jones Industrial Average. He previously served as worldwide head of financial planning, analysis and reporting at Citigroup, as well as chief financial officer for Citigroup’s global consumer business in Europe, the Middle East, and Africa. Before these roles, he held various senior executive positions with Travelers Life & Annuity, including chief financial officer, and was a partner at Coopers & Lybrand (now PwC).

Benet is chair of the Simon Business School Advisory Council and a recipient of Simon’s Distinguished Alumnus Award. He also serves as the chair of the board of the Bushnell Center for the Performing Arts; as a trustee of the Mystic Seaport Museum and the Goodspeed Opera House Foundation; and as a member of the Harpur College Advisory Council of Binghamton University, from which he also received a distinguished alumnus award.

In 2014, Benet and his spouse, Jeanne Benet, established the Jay S. and Jeanne P. Benet Professorship of Finance at the Simon Business School. He received a bachelor’s degree in mathematics from Binghamton University, and an MBA from the Simon Business School. He is a five-time recipient of the Best CFO Award for Insurance from Institutional Investor.

Stephen R. Biggar ’92 is a partner at Baker Brothers Investments in New York City, a fund management company focused on long-term investments in life sciences companies. He joined Baker Brothers as an associate in 2000 before becoming a principal and then partner. In 2013, Biggar joined the board of ACADIA Pharmaceuticals, Inc., a biopharmaceutical company, where he is now board chair. He is a former director of Synageva BioPharma Corp., a biotechnology company that was acquired in 2015, and BioCryst Pharmaceuticals, Inc., a pharmaceutical company focused on autoimmune diseases and antivirals.

Biggar played varsity soccer as a Rochester undergraduate and is a member of the Athletic Campaign Committee. He and his spouse, Liz Biggar—also an alumna and soccer player—are members of the Friends of Rochester Athletics and are active athletics volunteers for the University. Biggar received a bachelor’s degree in biological sciences and molecular genetics from the University of Rochester, and a medical degree and doctoral degree in immunology from Stanford University.

H. Christopher Boehning ’87, ’88 (MS) is a partner in the litigation department at the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP. His practice includes complex commercial and civil litigation matters, criminal and regulatory inquiries, internal investigations, and international arbitrations. He is a regular contributor to the New York Law Journal’s technology column, an ongoing participant in the Sedona Conference Working Group Series, and has been recognized by Chambers and Benchmark Litigation.

Boehning played varsity soccer for four years at Rochester. He and his spouse, Julie Boehning, recently made a leadership gift to establish the Boehning Varsity House, which will include new locker, sports medicine, and equipment rooms for the University’s outdoor sports teams. He is chair of the Arts, Sciences and Engineering National Council, chair of the Athletic Campaign Committee, and a member of the Friends of Rochester Athletics. He has received the University’s John N. Wilder Award and Garnish Citation.

Boehning also serves on the National Council at Washington University School of Law, where he received the Distinguished Alumni Award, and on the Dean’s Advisory Council for the University of Michigan Law School, where he has served as an adjunct professor. He received a bachelor’s degree in political science and master’s degree in public policy analysis from the University of Rochester in 1987 and 1988, respectively, and a law degree from Washington University School of Law in 1994.

Emerson U. Fullwood is the retired corporate vice president of Xerox Corporation. He joined Xerox in 1972 and spent 36 years in executive and general management leadership positions, including director of large global office products and systems businesses, president of Xerox worldwide channels group, president of Latin America, president of worldwide customer services group, and executive chief staff officer of developing markets group. In his most recent assignment, Fullwood was executive chief of staff and marketing officer for Xerox North America.

He serves on several business, higher education, and philanthropic boards. He is lead director of SPX Flow Corporation; a director of Vanguard Group and Vanguard Funds; a former director of Amerigroup Corporation and General Signal Corporation; and vice-chair at North Carolina A&T University. He is also a board member at the University of Rochester Medical Center, Roberts Wesleyan College, Monroe Community College Foundation, the Rochester Urban League, United Way of Greater Rochester, and Rochester Boy Scouts of America. He previously served on the board of the Colgate Rochester Crozer Divinity School. In 2009, Rochester Institute of Technology named Fullwood its Minett Professor, and he served for several years as executive-in-residence at RIT’s Saunders College of Business.

Fullwood was recognized in 2007 by Black Enterprise magazine as one of the “75 Most Powerful African-Americans in Corporate America,” and in 2004 by VAR Business magazine as one of the “Top 100 Executives” responsible for supporting computer resellers. He has received numerous leadership and service awards. Fullwood received a bachelor’s degree in economics from North Carolina State University, an MBA in marketing from Columbia University, and an honorary doctorate from North Carolina A&T University.

John Sexton ’05 (Honorary) is president emeritus, Benjamin Butler Professor of Law, and law school dean emeritus of New York University. He joined NYU’s law faculty in 1981, served as dean from 1988 until 2002, and as president from 2002 to 2016. During his presidency—among other significant accomplishments—NYU created an integrated global university with full research university campuses in Abu Dhabi and Shanghai, as well as New York, and study away campuses in 12 other cities on six continents; there was the largest expansion of faculty in NYU’s history; engineering was restored; applications for admission doubled, even as standards rose dramatically; and fundraising reached record levels.

Sexton is the author of several books, including a leading casebook on civil procedure, Redefining the Supreme Court’s Role: A Theory of Managing the Federal Court, and Baseball as a Road to God: Seeing Beyond the Game. He has chaired the American Council on Education, New York Academy of Sciences, and the Federal Reserve Bank of New York. He served on the board of the National Association of Securities Dealers and now serves on the boards of the Institute of International Education and the College Advising Corps. He is a member of the Global Citizenship Commission and the Council on Foreign Relations. He was a law clerk to U.S. Supreme Court Chief Justice Warren Burger and to U.S. Court of Appeals judges David Bazelon and Harold Leventhal.

Sexton is a fellow of the American Academy of Arts and Sciences. He received a bachelor’s degree in history from Fordham College, a master’s degree in comparative religion and a doctoral degree in the history of American religion from Fordham University, and a law degree, magna cum laude, from Harvard Law School. Sexton has received 18 honorary degrees.

Amy Leenhouts Tait ’85S (MBA) is executive chairman and chief investment officer at Broadstone Real Estate, a full-service real estate company that sponsors private real estate investment offerings and manages commercial and residential properties across 37 states. Tait co-founded Broadstone in 2006 with her spouse, Robert Tait, and her father, the late Norman Leenhouts ’56, a former University of Rochester trustee. She has served as Broadstone’s board chair since 2012 and was chief executive officer until 2017.

Tait began her real estate career with Chemical Bank in management training and commercial real estate lending before joining Home Leasing Corporation, the predecessor to Home Properties. She then served as executive vice president of Home Properties from 1994 to 2001, and as a director and chair of the company’s real estate investment committee until 2012. Tait serves on the board of governors of the National Association of Real Estate Investment Trusts, the Simon School National Council, and the Simon Advisory Council. She has also served on the boards of numerous other community organizations.

In 2016, Tait was inducted into the Rochester Business Hall of Fame, and she also has been honored with the United Way D’Tocqueville Award, the Athena Award, and Simon’s Distinguished Alumni Award. She received a bachelor’s degree in civil engineering from Princeton University and an MBA from the Simon Business School.

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Publication of Azusa Pacific Universitys Dead Sea Scrolls to Enhance Biblical Scholarship

Azusa Pacific University announces the long-awaited formal publication of rare Dead Sea Scroll (DSS) manuscripts from its Special Collections library. In 2009, the university acquired five ancient biblical manuscripts for scholarly study and preservation for posterity. A faculty team from APU’s School of Theology has completed its systematic examination, transcription, and analysis of the 2000-year-old manuscripts. The highly anticipated official publication of these rare and fragile antiquities will appear as a volume in the prestigious Princeton Theological Seminary Dead Sea Scrolls Project series in 2017.

The publication was prepared in collaboration with an editorial team at Princeton Theological Seminary headed by James H. Charlesworth, Ph.D., George Collord Professor of New Testament. This volume will join other recently published volumes of Dead Sea Scroll fragments in the Schøyen and Museum of the Bible collections.

“The first volume in the Supplement Volumes of the Princeton’s Dead Sea Scrolls Project is the editio princeps of manuscripts of biblical compositions found among the Dead Sea Scrolls,” said Charlesworth. “These manuscripts were unknown and thus not included in earlier publications of the Dead Sea Scrolls. These scrolls are extremely important because they contain some different readings from those found in our Bibles. Some of these readings help us correct the texts of the Bible. Along with Professor Rietz, my associate editor, and the scholars at APU, I am excited to share these Dead Sea Scrolls with all who are devoted to our Bible and an international, multicultural audience.”

“We look forward to bringing complete information about APU’s ancient biblical manuscripts to the scholarly world,” said lead researcher William Yarchin, Ph.D., the Dean’s Endowed Professor of Biblical Studies in APU’s School of Theology. “Some of these manuscripts contain wording found in no other Hebrew manuscript, and scholars are keen to integrate that information into the existing body of biblical scholarship. It is also important to provide this material to the scholarly world in light of concerns over possible forgeries among scroll fragments that have recently come to light. One of our fragments has been carbon dated as truly ancient. So we are confident, and we fully support all future scientific studies that can help advance research in ancient manuscripts.”

Among the five ancient fragments are portions from the book of Leviticus, the book of Deuteronomy, and the book of Daniel, inscribed at about the time of Christ or within a century earlier. It is possible that the Daniel fragment owned by APU is the world’s oldest existing manuscript of Daniel 5:13-16.

Of the significant findings, „The university’s Deuteronomy 27 fragment features a unique reading in verse 4 that agrees with the Samaritan Torah. This will give scholars new insights into the relationship between Judaism and Samaritanism in antiquity,” said Karen Winslow, Ph.D., professor and chair, biblical and theological studies in the Azusa Pacific Seminary.

The Dead Sea Scrolls have been described as one of the greatest archaeological discoveries ever. They include the oldest biblical manuscripts in existence. Scholars credit the scrolls for increasing knowledge of the origins of Christianity and revolutionizing their understanding of Judaism. Azusa Pacific University’s five Dead Sea Scroll fragments include: 1) portions of Leviticus 10:4-7; 2) portions of Deuteronomy 8:2-5; 3) portions of Deuteronomy 27:4-6; 4) portions of Daniel 5:13-16; and 5) an unidentified fragment. All five fragments are from Qumran Cave 4. In 2010, APU held a public exhibition of these manuscripts along with other biblical artifacts from its Special Collections. Along with its Dead Sea Scroll holdings, APU oversees an archaeological excavation of the biblical site Abel Beth Maacah, a 35-acre tel in the northernmost border of present day Israel. Dig findings include a 3,000-year-old seal depicting ritualistic dance and a silver hoard likely from the late Bronze Age.

Publication of Azusa Pacific Universitys Dead Sea Scrolls to Enhance Biblical Scholarship

Azusa Pacific University announces the long-awaited formal publication of rare Dead Sea Scroll (DSS) manuscripts from its Special Collections library. In 2009, the university acquired five ancient biblical manuscripts for scholarly study and preservation for posterity. A faculty team from APU’s School of Theology has completed its systematic examination, transcription, and analysis of the 2000-year-old manuscripts. The highly anticipated official publication of these rare and fragile antiquities will appear as a volume in the prestigious Princeton Theological Seminary Dead Sea Scrolls Project series in 2017.

The publication was prepared in collaboration with an editorial team at Princeton Theological Seminary headed by James H. Charlesworth, Ph.D., George Collord Professor of New Testament. This volume will join other recently published volumes of Dead Sea Scroll fragments in the Schøyen and Museum of the Bible collections.

“The first volume in the Supplement Volumes of the Princeton’s Dead Sea Scrolls Project is the editio princeps of manuscripts of biblical compositions found among the Dead Sea Scrolls,” said Charlesworth. “These manuscripts were unknown and thus not included in earlier publications of the Dead Sea Scrolls. These scrolls are extremely important because they contain some different readings from those found in our Bibles. Some of these readings help us correct the texts of the Bible. Along with Professor Rietz, my associate editor, and the scholars at APU, I am excited to share these Dead Sea Scrolls with all who are devoted to our Bible and an international, multicultural audience.”

“We look forward to bringing complete information about APU’s ancient biblical manuscripts to the scholarly world,” said lead researcher William Yarchin, Ph.D., the Dean’s Endowed Professor of Biblical Studies in APU’s School of Theology. “Some of these manuscripts contain wording found in no other Hebrew manuscript, and scholars are keen to integrate that information into the existing body of biblical scholarship. It is also important to provide this material to the scholarly world in light of concerns over possible forgeries among scroll fragments that have recently come to light. One of our fragments has been carbon dated as truly ancient. So we are confident, and we fully support all future scientific studies that can help advance research in ancient manuscripts.”

Among the five ancient fragments are portions from the book of Leviticus, the book of Deuteronomy, and the book of Daniel, inscribed at about the time of Christ or within a century earlier. It is possible that the Daniel fragment owned by APU is the world’s oldest existing manuscript of Daniel 5:13-16.

Of the significant findings, „The university’s Deuteronomy 27 fragment features a unique reading in verse 4 that agrees with the Samaritan Torah. This will give scholars new insights into the relationship between Judaism and Samaritanism in antiquity,” said Karen Winslow, Ph.D., professor and chair, biblical and theological studies in the Azusa Pacific Seminary.

The Dead Sea Scrolls have been described as one of the greatest archaeological discoveries ever. They include the oldest biblical manuscripts in existence. Scholars credit the scrolls for increasing knowledge of the origins of Christianity and revolutionizing their understanding of Judaism. Azusa Pacific University’s five Dead Sea Scroll fragments include: 1) portions of Leviticus 10:4-7; 2) portions of Deuteronomy 8:2-5; 3) portions of Deuteronomy 27:4-6; 4) portions of Daniel 5:13-16; and 5) an unidentified fragment. All five fragments are from Qumran Cave 4. In 2010, APU held a public exhibition of these manuscripts along with other biblical artifacts from its Special Collections. Along with its Dead Sea Scroll holdings, APU oversees an archaeological excavation of the biblical site Abel Beth Maacah, a 35-acre tel in the northernmost border of present day Israel. Dig findings include a 3,000-year-old seal depicting ritualistic dance and a silver hoard likely from the late Bronze Age.

EuroLife Goes Live with Sapiens ALIS for All Life, Investment and Health Lines of Business

Sapiens’ unique implementation approach results in a collaborative and speedy delivery

Holon, Israel – May 17, 2017 – Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector, today announced the successful go-live of Sapiens ALIS at EuroLife to replace the company’s legacy environment and support all of EuroLife’s life, investment and health lines of business.

With a legacy environment seriously challenged in meeting a leading Cyprus-based life insurance company’s new product and time to market needs, EuroLife opted to modernize its processing environment with a core solution suite that supports the complete policy lifecycle and contributes to its strategic goal of being a current, customer-centric company.

The Sapiens suite was chosen due to its modern technology, depth of functionality, flexibility and ability to support EuroLife’s diverse product portfolio. Also key to the decision was Sapiens’ unique implementation approach, offering EuroLife a clear path to self-sufficiency through a combination of a joint implementation effort, consultation/training and Sapiens’ knowledge and skills transfer.

“The professionalism and quality of Sapiens’ personnel were major factors in our selection and Sapiens executed on its promises and vision. Going live successfully in a relatively short period of time was the result of great collaboration between two highly professional, high-performing teams,” said Savvas Sideras, operations manager at EuroLife. “Sapiens’ domain expertise and understanding of our business needs provided tremendous value and led to a fast and collaborative implementation process.”

This achievement was made possible by the excellent team work and spirit exhibited by EuroLife and Sapiens,” said Roni Al-Dor, Sapiens’ president and CEO. “We are pleased that the delivery process went smoothly and we look forward to continuing to explore new opportunities with our partners at EuroLife.”

Anticipated benefits from the new system include:

  • Improved time to market for new products
  • Reduced IT costs associated with the support and maintenance of the legacy environment
  • A holistic view of the client in an omni-channel environment
  • The ability to leverage data to better serve and interface with customers

Sapiens ALIS is a flagship solution designed to enable insurance carriers to quickly and efficiently address the challenges of a highly regulated marketplace. The end-to-end, core solution suite supports the complete policy lifecycle across a wide variety of products in the life, pension, annuity and medical segments and is pre-integrated with the Sapiens Digital Suite. ALIS life insurance software is complemented by Sapiens’ comprehensive delivery capabilities.

An increased investment in Sapiens’ digital vision, as well as the recent acquisition of StoneRiver, a well-established and proven vendor that delivers a wide range of solutions and services to its 200 North American insurance customers, has enriched Sapiens’ life offering.

About EuroLife

EuroLife is a leading life insurance company based in Cyprus, holding a market share of over 27%. It is a subsidiary company of the Bank of Cyprus Group and it specializes in life, accident and health insurance. EuroLife’s philosophy is based on the needs and wants of any potential client and offers a wide range of products and services from pure life insurance covers to health insurance, as well as savings and pensions addressed at both individuals and institutions. For additional information: www.eurolife.com.cy. 

About Sapiens

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector. Sapiens offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company has a track record of over 30 years in delivering superior software solutions to more than 400 financial services organizations. The Sapiens team of over 2,500 professionals operates through our fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific. For more information: www.sapiens.com.

The software solution provider announces another quarter of double-digit growth

Holon, Israel, May 15, 2017Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector, and a member of the Formula Group (NASDAQ: FORTY and TASE: FORT), today announced its financial results for the first quarter ended March 31, 2017.

First Quarter Highlights:

  • GAAP and non-GAAP revenue of $56.5 million, up 14.1% compared to $49.6 million in the first quarter of 2016.
  • GAAP operating loss totaled $(1.6 million), compared to operating income of $6.2 million in the first quarter of 2016.
  • Non-GAAP operating profit totaled $1.7 million (3.0% operating margin), compared to $7.3 million (14.8% operating margin) in the first quarter of 2016.
  • GAAP net loss attributable to Sapiens’ shareholders totaled $(2.2 million) or $(0.05) per diluted share, compared to net income attributable to Sapiens’ shareholders of $4.9 million, or $0.10 per diluted share in the first quarter last year.
  • Non-GAAP net income attributable to Sapiens’ shareholders totaled $1.2 or $0.02 per diluted share, compared to net income attributable to Sapiens’ shareholders of $6.0 million, or $0.12 per diluted share, in the first quarter last year.
  • Cash and cash equivalents as of March 31, 2017 were $35.1 million. This amount is post cash payment for the $100 million acquisition of StoneRiver, Inc. in the first quarter. Sapiens also raised $40 million in new bank debt during the first quarter to finance the remainder of the StoneRiver acquisition and working capital.

Sapiens delivered another quarter of double-digit revenue increase driven by a mix of organic growth and our recent acquisition of StoneRiver,” said Roni Al-Dor, president and CEO of Sapiens. “Two factors are offseting this growth to some extent in the near term, particularly in terms of operational profitability: the halt of a software development project with a significant customer and the integration of StoneRiver. In the second quarter, we will continue restructuring steps to address these developments and remain on track in the second half of 2017.”

Al-Dor continued, “We are very excited about the closing of the StoneRiver acquisition towards the end of the first quarter. It significantly expanded our presence and scale in the North American insurance market and accelerated our entry into the U.S. P&C and L&A spaces. We have already gained a new customer via our new StoneRiver offerings and another StoneRiver customer is now in production.”

Sapiens won new customers and continued to expand its business with existing customers during the first quarter. Alexander Forbes, a pan-African financial services group, selected the full Sapiens’ portfolio. Sapiens’ core systems will provide end-to-end, integrated digital capabilities across all lines of business and Sapiens will serve as the primary implementation partner. Additionally, Sapiens was selected shortly after the conclusion of the first quarter by a leading Nordic insurer for a modernization project worth over $30 million. This strategic new customer selected a wide range of Sapiens’ P&C and reinsurance solutions to modernize its environment.

“Sapiens has a strategy in place to improve our cost structure and return to double-digit operating margins in the second half of 2017, and we believe we are currently on track with our plan,” said Roni Al-Dor, president and CEO. “We are currently implementing a restructuring and reorganization program that includes integrating Sapiens’ and StoneRiver’s back-office operations to reduce expenses, maximizing synergies between our respective delivery teams and combining our R&D efforts to better utilize previously developed assets.”

“Our plan also includes realigning and shifting employees away from the halted project and downsizing as necessary,” concluded Al-Dor.

Sapiens maintains its recently revised guidance for 2017 full year revenues of $265 to $275 million (on a non-GAAP basis) and maintains expectations for between 3-4% operating profit margin for the first half of 2017, increasing to 13.5-14.5% in the second half of the year (in each case, on a non-GAAP basis). Sapiens also maintains expectations for a full-year operating profit margin between 9-10% (on a non-GAAP basis).

Quarterly Results Conference Call

Management will host a conference call and webcast on May 15 at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens’ results.

Please call the following numbers (at least 10 minutes before the scheduled time) to participate:

North America (toll-free): + 1-888-668-9141; International: +972-3-918-0685; UK: 0-800-917-5108

The live webcast of the call can be viewed on Sapiens’ website at: http://www.sapiens.com/investors/presentations-and-webcast/

If you are unable to join live, a replay of the call will be accessible until May 22, 2017, as follows:

North America: 1-877-456-0009; International: +972-3-925-5940

A recorded version of the webcast will also be available via the Sapiens website, for three months at the same location.

Non-GAAP Financial Measures

This press release contains the following non-GAAP financial measures: Non-GAAP revenue, Non-GAAP gross profit, Non-GAAP operating income, Non-GAAP net income attributed to Sapiens shareholders, Non-GAAP basic and diluted earnings per share.

Sapiens believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Sapiens’ financial condition and results of operations. The Company’s management uses these non-GAAP measures to compare the Company’s performance to that of prior periods for trend analyses, for purposes of determining executive and senior management incentive compensation and for budgeting and planning purposes. These measures are used in financial reports prepared for management and in quarterly financial reports presented to the Company’s board of directors. The Company believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company’s financial measures with other software companies, many of which present similar non-GAAP financial measures to investors.

Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude: amortization of intangible assets, capitalization of software development, stock-based compensation, compensation related to acquisition, acquisition-related costs, restructuring and reorganizational costs, loss on sales of Marketable Securities and tax adjustment re non-GAAP adjustments.

Management of the Company does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in the Company’s financial statements. In addition, they are subject to inherent limitations, as they reflect the exercise of judgment by management about which expenses and income are excluded or included in determining these non-GAAP financial measures.

To compensate for these limitations, management presents non-GAAP financial measures in connection with GAAP results. Sapiens urges investors to review the reconciliation of its non-GAAP financial measures to the comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate the Company’s business.

Reconciliation tables of the most comparable GAAP financial measures to the non-GAAP financial measures used in this press release are included with the financial tables of this release.

The Company defines Adjusted EBITDA as net profit, adjusted for stock-based compensation expense, depreciation and amortization, capitalized of software development costs, compensation expenses related to acquisition, acquisition-related costs, restructuring and reorganizational costs,  financial expense (income), provision for income taxes and other income (expenses). These amounts are often excluded by other companies to help investors understand the operational performance of their business.

The Company uses Adjusted EBITDA as a measurement of its operating performance because it assists in comparing the operating performance on a consistent basis by removing the impact of certain non-cash and non-operating items. Adjusted EBITDA reflect an additional way of viewing aspects of the operations that the Company believes, when viewed with the GAAP results and the accompanying reconciliations to corresponding GAAP financial measures, provide a more complete understanding of factors and trends affecting its business.

About Sapiens

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a leading global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector. We offer core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, and retirement markets, as well as business decision management software. We have a track record of over 30 years in delivering superior software solutions to more than 400 financial services organizations. The Sapiens team of approximately 2,500 professionals operates through our fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific. For more information: www.sapiens.com.

Forward Looking Statement

Some of the statements in this press release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities and Exchange Act of 1934 and the United States Private Securities Litigation Reform Act of 1995. Words such as “will,” “expects,” “believes” and similar expressions are used to identify these forward-looking statements (although not all forward-looking statements include such words). These forward-looking statements, which may include, without limitation, projections regarding our future performance and financial condition, are made on the basis of management’s current views and assumptions with respect to future events. Any forward-looking statement is not a guarantee of future performance and actual results could differ materially from those contained in the forward-looking statement.

These statements speak only as of the date they were made, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. We operate in a changing environment. New risks emerge from time to time and it is not possible for us to predict all risks that may affect us. For more information regarding these risks and uncertainties, as well as certain additional risks that we face, please refer to the Risk Factors detailed in Item 3 of Part III of our Annual Report on Form 20-F for the year ended December 31, 2016, and subsequent reports and registration statements filed from time to time with the Securities and Exchange Commission.