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Three Retire from SVIA Board

If SVIA's bylaws did not impose a two-term limit, work-life responsibilities probably would bring about the eventuality of retirement from SVIA's Board of Directors. Starting in 2005, three individuals who have made major contributions to the stable value industry will be stepping down from SVIA's Board of Directors. They are American Express' Jim McKay, State Street's Jim McDevitt and INVESCO's Kim McCarrel. The three have exercised statesmanlike grace through industry consolidation and challenges to Stable Value's accounting core. Throughout their six-year service they have zealously worked to increase the visibility and understanding of stable value. The industry thanks the "McSlates" for their six years of service and looks forward to their continued participation as Board alumni within the Association.

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