AIAC and AVARA Pharmaceuticals co-sponsor luncheon honoring Jerome H. Powell, Chair of the Board of Governors of the Federal Reserve System
New York, NY - October 19, 2023 — American Industrial Acquisition Corporation, Avara Pharmaceutical Services, and the Economic Club of New York co-sponsored a private luncheon honoring The Honorable Jerome H. Powell, Chair of the Board of Governors of the Federal Reserve System.
The event was held at the New York Hilton Midtown. Attendees began with a reception and registration at 11:15 a.m. At 12:00 p.m., Mr. Powell addressed the attendees, offering his insights into the current economic environment. His talk included remarks on inflation, the labor market, growth, monetary policy, inflation expectations, and the necessity for vigilance and caution. Following his address, Chair Powell was interviewed by David Westin of Bloomberg, during which he commented on increased economic risks from geopolitical tensions, housing construction declines, and regional bank exposure to commercial real estate.
A link to the text of the opening address is below:
https://www.federalreserve.gov/newsevents/speech/powell20231019a.htm
A link to the full video of the address and interview is below:
https://www.econclubny.org/web/pages/recent-speakers/-/blogs/jerome-h-powell
Following Mr. Powell's address, attendees enjoyed a three-course luncheon at 1:00 p.m., providing attendees with the opportunity to engage in discussions and network.
After the luncheon event, AIAC and Avara hosted three hours of coffee and cocktails for their clients and friends on the top floor and terrace of the Metropolitan Club of New York.
Leonard M. Levie, Chairman of AIAC and Avara, remarked, "Jerome Powell has courageously led the Federal Reserve during the treacherous past three years of pandemic, war, extreme weather events, global supply disruptions, domestic political turmoil and violence, and exceptional stock, bond, and commodity market volatility. Despite these epic challenges, the US leads the world in GNP growth, decelerating inflation, and record-low unemployment. We are fortunate to have Chair Powell’s steady hand on the tiller of monetary policy.”
AIAC’s and Avara’s distinguished guests included leaders from the worlds of business, finance, law, government, academia, and philanthropy, including the following:
Tonio Burgos, CEO of Tonio Burgos and Associates, Member of the Democratic National Committee, Head of staff for Governor Mario Cuomo, and Commissioner of the Port Authority of NY and NJ.
Michelle Caruso-Cabrera, CEO of MCC Productions and CNBC Contributor, first Latina Anchor at CNBC and longtime Chief International Correspondent.
Margaret Chustecki, MD, Assistant Clinical Professor at Yale School of Medicine, CEO, Internal Medicine of Greater New Haven.
Patricia Duff, CEO of The Common Good.
Dennis Flannery, CEO Stone Hill Associates LLP, Financial Advisor of the World Bank, the US Treasury and of the Trade Bank of Iraq, EVP of the Inter-American Development Bank, EVP, Iraq Country Head, Citicorp.
Richard Fontaine, CEO of the Center for a New American Security, Executive Director of the Trilateral Commission, former Senior Foreign Policy Advisor for Senator John McCain and for the McCain for President Campaign, Associate Director of the National Security Council of the White House, Staff Member of the Senate Foreign Relations Committee.
Edward Grebow, CEO Lakewood Advisors, former President and CEO of Amalgamated Bank, former President of the Metropolitan Television Alliance (MTVA) and Sony USA.
Yves Andre Istel, Senior Advisor, Hanseatic Group, former Vice Chairman of Rothschild & Co., Chairman International of Wasserstein Perrella & Co., Co-Chairman of First Boston, Board Member of Lehman Brothers, Partner of Kuhn Loeb.
Carlos Rodriguez-Pastor, Founder and Chairman, Intercorp, General Partner of Nexus Group, Member of the Board of Trustees of Dartmouth College and the New York Public Library.
Faanya Lydia Rose, President Emerita of the Explorers Club, Member of the Board of Trustees of the American Friends of the Oxford Philharmonic Orchestra, and President of Fight for Sight.
Hon. Wilbur Ross, former Secretary of Commerce, Senior Managing Director of Rothschild & Co., Chairman of W. L. Ross & Co., International Steel Group, International Textile Group, International Automotive Components Group, and International Coal Group.
Gil Roth, President, Pharma, and Biopharma Outsourcing Association.
Hugh Verrier, Esq., Director and Chairman Emeritus of White & Case LLP.
A full listing of AIAC guests’ bios can be seen by clicking here.
About AIAC
American Industrial Acquisition Corporation (AIAC) is a diversified industrial group with manufacturing and distribution sites in 24 countries in North America, Europe, and Asia. AIAC has acquired and grown non-core subsidiaries and divisions of Boeing, Siemens, Lockheed Martin, Northrop Grumman, Raytheon, Johnson Controls, Merck, Pfizer, Astellas, Visteon, Carlyle, Ahlstrom, Tolko, Groupe Suez, Groupe Rexel, and many other leading multinational corporations.
AIAC Corporation manufacturing companies serve companies and governmental entities worldwide in all major sectors, including aviation, space, defense, automotive, truck, rail, marine, petrochemical, solar, nuclear, food, confectionary, beverage, civil engineering and infrastructure, commercial construction, mining, dredging, disaster relief, education, medical devices, and pharmaceuticals. AIAC companies manufacture materials, components, assemblies, packaging, equipment, and finished products. In addition, AIAC companies are exclusive, authorized distributors of leading branded wire and cable, electrical devices, lighting products, plumbing supplies, construction equipment, indoor and outdoor cooking appliances and fixtures, electronics, cameras, and watches throughout Southeast Asia, Australia, and New Zealand.
Of note, AIAC purchased Boeing Canada in 2005, and has produced over 10,000 unique components for every Boeing jet plane every since, reliably serving Boeing from manufacturing facilities in Canada, the US, and Mexico. A leader in ultra high precision jet engine component manufacturing, AIAC companies produce 2,200 fan blades and blisks for each jet engine produced by GE, Pratt & Whitney, Rolls Royce, and Honeywell. In connection with its paper manufacturing interests, AIAC controls and sustainably manages 22 million acres of Manitoba, Canada forestland, an area equivalent in size to the nation of Hungary.
AIAC Philanthropy
AIAC and the AIAC Foundation support a wide range of nonprofit, nonsectarian, bipartisan organizations which promote international conflict resolution, disaster relief, economic development, and environmental sustainability. These nonprofit organizations include the following: the Appeal of the Nobel Peace Laureates Foundation Inc., the Asia Society, the Atlantic Council, the Bill and Melinda Gates Foundation - Gates Philanthropy Partners, the Bretton Woods Committee, the Carnegie Endowment for International Peace, the Carter Center, the Council on Foreign Relations, the Economic Club of New York, the Explorers Club, the Foreign Policy Association, the Institut Française des Relations Internationales, the International Committee of the Red Cross, the International Crisis Group, the International Rescue Committee, the Japan Society, the JFK School of Government of Harvard University, the Richardson Center for Global Engagement, the Royal Institute of International Affairs (Chatham House), the Sierra Club, and the Trilateral Commission, among others.
For more information, see:
https://www.aiac.com/our-values
About Avara Pharmaceutical Services Ltd.
With large-scale manufacturing campuses in Puerto Rico, Norman, Oklahoma, and Liscate, Italy, Avara Pharmaceutical Services Ltd. produces critical prescription and nonprescription medications delivered to 40 countries. Avara manufactures both oral solid dose and injectable pharmaceuticals. Avara is a trusted supplier to major multinational clients including Aspen, Astellas, AbbVie, Cumberland, Bausch & Lomb, Genentech-Roche, Merck, Organon, Pfizer, and SK Life.
For more information, see: www.avara.com
About the Economic Club of New York
Founded in 1907, the Economic Club of New York is the premier forum for discussion on a wide range of issues facing New York City, the United States, and the world. The Club welcomes preeminent thought leaders from across the globe and from the public and private sectors to speak on complex issues ranging from public policy and economic regulation to tech disruption. Nonpolitical, nonpartisan, and nonprofit, the Club promotes no agenda and takes no sides on issues, encouraging speakers and members to engage openly in thoughtful discussions.
The Economic Club members include the senior leadership of the corporate and financial organizations based in the New York Metropolitan area. The Club has hosted speakers who are experts in their respective fields and who drive the conversations that shape the future world. Past speakers include leaders of Fortune Global 500 companies, and multiple U.S. presidents, including Woodrow Wilson, William H. Taft, Herbert Hoover, Dwight D. Eisenhower, John F. Kennedy, Richard Nixon, Ronald Reagan, and George H. W. Bush. International heads of state such as Winston Churchill, Mikhail Gorbachev, Indira Gandhi, Margaret Thatcher, and Yitzak Rabin have addressed the Club.
For more information, see: www.econclubny.org
Media Contact:
Isabel Carro Toro, Vice President
American Industrial Acquisition Corporation
+34 689 295 827 (Spain)
+ 1 787 244 3175 (USA)
icarro-toro@aiac.com
www.aiac.com
