Joseph J. Melone Joins Board of Ascentis Corporation
Bellevue, Washington (July 30, 2008) – Ascentis Corporation, a market leader in easy-to-use human resource management systems and Web-based payroll solutions, announced today that Joseph J. Melone has joined the Board of Directors and become an investor in the company.
“I am pleased to have the opportunity to invest in Ascentis and serve on the Board of Directors. Ascentis plays an important role in addressing the workforce management needs of medium sized businesses and I look forward to helping guide the organization to the next level,” said Mr. Melone.
Mr. Melone was formerly the President and CEO of Equitable Companies, (now part of the AXA Group), and Chairman and CEO of its principal insurance subsidiary, the Equitable Life Assurance Society of the United States. Currently, Mr. Melone serves as Chairman of Horace Mann Educators Corporation and is a member of the Board of the Federal Home Loan Bank of New York. In addition, he is on the Board of Trustees of the Newark Museum, St. Barnabas Hospital, and is a director of the Boy Scouts of America – Greater New York Council.
A recognized authority on pension planning, Mr. Melone has written numerous books and articles in professional journals on the subject. He is a former Huebner Foundation Fellow and was an Associate Professor of Insurance at The Wharton School of the University of Pennsylvania. He also served as Research Director at The American College before joining The Prudential.
“We are excited that Mr. Melone has joined our board, as he brings strong experience and ideas to the table. With his advice we plan to expand Ascentis offerings and further anchor our status as a market leader in the workforce management space,” says Les Goldstein, CEO of Ascentis Corporation.
Source: Ascentis
