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AGBU Creates Council of Trustees and Elects Eight New Board of Direc

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  • AGBU Creates Council of Trustees and Elects Eight New Board of Direc

    AGBU Press Office
    55 East 59th Street
    New York, NY 10022-1112
    Phone: 212.319.6383, x118
    Fax: 212.319.6507
    Email: [email protected]
    Website: www.agbu.org

    FOR IMMEDIATE RELEASE

    Friday, December 22, 2006

    AGBU Creates Council of Trustees and Elects Eight New Board of
    Directors

    oN december 9, 2006, the Armenian General Benevolent Union
    (AGBU) voted to establish a Council of Trustees in addition to its
    time-honored Board of Directors at the 84th General Assembly convened
    at the Intercontinental Hotel in Paris, France. The new Council of
    Trustees will be comprised of five senior members of its Central
    Board of Directors, including former Central Board of Directors
    members Louise Manoogian Simone, Nazar Nazarian, Sarkis Demirdjian,
    and Karnig Yacoubian, Richard Manoogian, as well as the President of
    the Union, Berge Setrakian.

    AGBU is also pleased to announce the addition of eight new, dynamic
    members to its Central Board of Directors. Newly elected members are
    Yervant Demirjian of the United States, Nazareth Festekjian of the
    United States, Vahé Gabrache of Switzerland, Sarkis Jebejian of the
    United States, Ruben Kechichian of Argentina, Levon Nazarian of the
    United States, Berge Papazian of Canada and Vasken Yacoubian of Syria.

    Berge Setrakian of the United States will continue as President of the
    Central Board of Directors and the nine sitting members will carry on
    their tenures on the Central Board. They are M. Michael Ansour of the
    United States, Carol Bagdasarian Aslanian of the United States, Aris
    Atamian of France, Joseph Basralian of the United States, Arshavir
    Gundjian of Canada, Levon Kebabjian of France, Sam Simonian of the
    United States, Sinan Sinanian of the United States, and Dickran
    Tevrizian of the United States.

    Yervant Demirjian has recently been elected as a Director and a
    Board Member of Interaudi Bank New York and was also appointed as
    the Managing Director of the Bank. Prior to Interaudi Bank, Mr.
    Demirjian was a Director and the Vice Chairman of Cedars Bank in
    California. Before he started his banking career, Mr. Demirjian was
    a Real Estate Developer in Los Angeles California dealing in both
    the commercial and housing sector. Mr. Demirjian has also served as
    a member of the Board of Trustees of the AGBU Manoogian Demirdjian
    School in Los Angeles, California from 1991-2002. Mr. Demirjian holds
    an M.B.A. from California's Pepperdine University.

    Nazareth A. Festekjian is a Managing Director in Citigroup's Fixed
    Income Division and is the head of the Global Capital Markets Products
    Group. Mr. Festekjian joined Salomon Brothers in 1992 in the Structured
    Finance group, focusing on new products. Prior to joining Salomon,
    he was a Managing Director at Moody's Investors Service responsible
    for rating asset-backed securities. Mr. Festekjian is a graduate of
    the AGBU Hovagimian Manoogian School in Lebanon and received a BS
    in Electrical Engineering from the American University of Beirut,
    an MS in Electrical Engineering from Northwestern University and an
    MBA from J.L. Kellogg Graduate School of Management.

    Living in Geneva (Switzerland), Vahé Gabrache is the CEO of Cofinor
    SA, as well as the owner with his family of the Société Gabrache SA, a
    hotel and real estate company. He is also a controller for the Genevese
    Liberal Party of Pregny-Chambésy. Mr. Gabrache has been President of
    the Armenian Union of Switzerland for the past 20 years. Mr. Gabrache
    presides over various Swiss Armenian foundations, including the
    Diran and Charles Philippossian Foundation, the Armenia Foundation,
    and the St. Gregory The Illuminator Foundation, and serves on the
    board of the Topalian Foundation. Mr. Gabrache holds an MBA degree
    from Lausanne, Switzerland.

    Sarkis Jebejian is a partner at Cravath, Swaine & Moore LLP, an
    international law firm with approximately 450 attorneys. Mr. Jebejian
    practices corporate law, specializing in mergers and acquisitions,
    both domestic and cross-border. He is based in New York and has
    spent substantial time in the firm's London and Hong Kong offices,
    and has recently focused on clients in the defense, healthcare and
    leisure industries. Mr. Jebejian is a Contributing Editor of the
    International Financial Law Review, and graduated from Columbia
    University with degrees in Economics and Law. Mr. Jebejian resides
    in Englewood Cliffs, New Jersey.

    A native of Buenos Aires, Argentina, Ruben Kechichian is a businessman
    and currently Chairman of the AGBU Buenos Aires Chapter. He has been
    actively engaged in Armenian organizations, and particularly in AGBU,
    since his youth. Beginning in 1963, for 10 consecutive years, he served
    as Chairman of the AGBU Armenian Youth Association (AYA) in Buenos
    Aires. Mr. Kechichian has served on the Chapter's Executive Committee
    since 1973 in various capacities. Mr. Kechichian also served as
    South American Chairman of AYA and member of the AYA World Committee.

    Levon Nazarian is a Professor and Vice Chairman of the Department
    of Radiology and the Residency Program Director at Thomas Jefferson
    University Hospital in Philadelphia, Pennsylvania. He is a fellow of
    the American College of Radiology, American Institute of Ultrasound in
    Medicine, and the Society of Radiologists in Ultrasound. He serves on
    the editorial boards of several medical journals, including Radiology,
    American Journal of Roentgenology and Journal of Ultrasound in
    Medicine. He helped to establish the Ultrasound Training Center
    in Armenia and oversees the training program for the doctors from
    Armenia studying abroad. Dr. Nazarian is a graduate of Harvard College
    and Cornell University Medical College. He resides in Cherry Hill,
    New Jersey.

    Berge Papazian is a Barrister and Solicitor, as well as the Managing
    Partner of Papazian, Heisey and Myers LLP, a law firm based in Toronto,
    Canada. He was appointed Queen's Counsel for services rendered to the
    Province of Ontario and in 1995 was certified as a Specialist in Civil
    Litigation by the Law Society of Upper Canada. Mr. Papazian has been
    a member of the Governing Council of the University of Toronto and has
    acted as Chairperson of the Insurance Advisory Board for the Province
    of Ontario. Mr. Papazian is also Director and Corporate Secretary
    of Burger King in Canada. Since 2003, he has served as President of
    AGBU Armen-Ontario.

    Vasken Yacoubian is Managing Director and owner of Leon A. Yacoubian
    Contracting, as well as the Chief Technical Officer and partner of
    Puzant & Leon Yacoubian Trading and Contracting based in Syria. Mr.
    Yacoubian has a long history of involvement within the Armenian
    community of Syria, particularly AGBU. Serving in various capacities
    in the past, Mr. Yacoubian is presently Chairman of the AGBU AYA
    Damascus Executive Committee and is chairing the Executive Body of
    the Armenian Orthodox Church Diocese of Damascus. Mr. Yacoubian holds
    a BS in Civil Engineering degree from the University of Illinois.

    Established in 1906, AGBU (www.agbu.org) is the world's largest
    non-profit Armenian organization. Headquartered in New York City
    with an annual budget of $34 million, AGBU preserves and promotes
    the Armenian identity and heritage through educational, cultural and
    humanitarian programs, annually serving some 400,000 Armenians in
    35 countries.

    --Boundary_(ID_za+W/VtIm5E3/C00an/gdQ) --
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