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Accounting Club Honors Robert E. Kafafian ’77 with Pinnacle Award

Bethlehem, Pa., April 18, 2005—The Accounting Club at Moravian College will recognize Robert E. Kafafian of the Class of 1977 with its annual Pinnacle Award. Each year, the organization presents the award to an alumnus in accounting who has achieved outstanding professional recognition. Kafafian will receive the award and speak about his success at the Annual Accounting Club Dinner on Sunday, April 24.

Kafafian is President and Chief Executive Officer of The Kafafian Group, Inc., a Parsippany, New Jersey, consulting firm for the finance, strategy, and operations of organizations in the finance industry. It has advised more than 300 clients in 40 states. The assets of those customers have ranged in worth from $16 million to $100 billion.

Kafafian is widely recognized as one of the leaders of the banking industry’s performance measurement field. He was a key person involved in the design and development of a software product for bank profitability that is now used as a model throughout the country. Kafafian is a speaker and author about the banking industry. He teaches at the Pennsylvania Bankers Association’s Central Atlantic Advanced School of Banking and the Stonier Graduate School of Banking, as well as other schools of finance. Prior to working for the Kafafian Group, he held positions with financial institutions, including Wachovia Bank, Bank of America, and Bank of New York. In addition to his Bachelor of Arts degree from Moravian College, Kafafian earned a Master of Business Administration in Finance degree from Fairleigh Dickenson University.

The Moravian College Accounting Club will recognize also other successful alumni and outstanding junior and senior accounting students at the Annual Accounting Club Dinner on Sunday, April 26. The event begins with a reception at 6:00 pm, followed by dinner at 7:00 pm, and the awards presentation at 8 p.m., in the pavilion, Haupert Union Building, located at Locust and Monocacy Street, Bethlehem. The deadline for reservations is April 20. For additional information, please contact Professor John D. Rossi, III, Moravian College Accounting Department at (610) 861-1380.