Business People (Gallery)


Hewitt wins national honors


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Bob Libretto

Merrill Lynch Financial Advisor Cynthia Hewitt was recently recognized among the top advisors on the “Top 50 Wirehouse Women in 2013”  list which published in the February edition of REP. magazine.

Twenty-four Merrill Lynch advisors are included on this year’s list, the most advisors for any firm. Hewitt was also nationally recognized as the top advisor in Delaware by Barron’s magazine in its annual “America’s Top 1,000 Advisors: State-by-State” list which published on February 18. Cynthia has been with Merrill Lynch Wealth Management for more than 34 years. Her office is located in Wilmington.

Advisors on the “Top 50 Wirehouse Women” list are ranked exclusively by assets under management custodied at the four wirehouse firms. Only advisors for whom 60 percent or more of assets correspond to retail clients were eligible for the list.

Advisors considered for Barron’s “America’s Top 1,000 Advisors: State-by-State” ranking have a minimum of seven years’ financial services experience and have been employed at their current firm for at least one year. Numerous quantitative and qualitative measures (including assets managed, revenue produced and quality of practice) determine the financial advisor rankings.

WSFS’ board changes

WSFS Financial Corp. is reducing the size of its board with  two directors retiring  and one deciding not to run for re-election as he takes on an expanded role  at Warren Buffett’s Berkshire Hathaway.

Expected to join the board  of the Wilmington company are Eleuthère (Thère) I. du Pont, president of the Longwood Foundation and a member the Board of Directors of DuPont Co.; and David G. Turner, vice president/Partner, IBM Global Business Services and vice chairman of the Board of Trustees of Delaware State University.

Leaving the board are Dennis E. Klima retired CEO of Bayhealth in Dover and former Delaware Chancellor William B. Chandler, effective on the date of the 2013 Annual Meeting of Stockholders.

In addition, R. Ted Weschler has decided not to run for reelection. Weschler has been working at Berkshire Hathaway, the conglomerate and investment vehicle headed by Warren Buffett. He has taken on financial responsibilities related to Berkshire’s portfolio, Bloomberg reported.

He has also been mentioned as a possible successor to Buffett, although other candidates are in the mix and Buffett, who is in his 80s, has mentioned another Berkshire executive as a possible successor.

Berkshire’s holdings range from the   Burlington Santa Fe railroad to Geico Insurance, Dairy Queen  and Helzberg Diamonds. The company is also known for its investments in companies like Coca-Cola and the Washington Post.

Weschler has operated an investing firm in Charlottesville, Va. with billions of dollars under management,  but has been winding down  activities. Among Weschler’s  holdings was a stake in WSFS, which emerged from the financial crisis in better condition than many of its banking peers. Recently Weschler  assisted in the purchase by Buffett of  newspapers owned by Media General.

Fortune Magazine reported Weschler got to know Buffett after buying lunches with the Omaha investor as part of a charitable event. Weschler is known for having a similar investment style to Buffett that includes holding on to stocks of companies over a long period.

The WSFS board had started planning the changes in 2011, according to a regulatory filing. Nominated for reelection to the Board are Marvin N. Schoenhals, chairman of the board and Calvert A. Morgan, Jr., a retired banker. As a result, these changes will reduce the size of the board to 10, the filing stated.

 AVP named at Del Tech

Joanne Damminger has been appointed to the position of Assistant Vice President for Student Affairs at Delaware Technical Community College. In this role she will provide college wide vision and leadership for the student services division. She will also work with the Deans of Student Services to provide oversight for academic advisement, career services, veteran programs, services for students with disabilities, student clubs and organizations, campus activities, athletics, new student orientation, commencement, registration, and international education programs. Her appointment was effective March 4.

Damminger joins Delaware Tech from Salem Community College where she most recently served as Chief Student Affairs Officer. In this role she provided administrative leadership for student affairs, advisement, athletics, enrollment and transition services, career services, disability services, financial aid and student activities. She previously served as Assistant Dean of Student Affairs and Director of the Center for Student Success and Educational Opportunity Fund Services.

Prior to her career at Salem, Damminger served as Director of Student Transition and Leadership Programs and Executive Assistant to the Vice President for Student Affairs at Rowan University. She provided oversight for new and transfer student orientations, learning communities, and the sophomore-year experience program. In addition, Dr. Damminger serves as an adjunct faculty member at Rowan University in the Educational Leadership doctoral program.

 Emory Hill news

Bob Liberato of Emory Hill & Company, New Castle, has been promoted to Director of Construction.

Bob joined Emory Hill in 2003 and previously headed the estimating department for the firm and served as Director of Business Development. Bob’s focus is preconstruction services for design/build and construction management projects as well as bringing in new business for the firm.

He graduated from Temple University with a Bachelor of Science in Civil and Construction Engineering and was recently elected to serve on the Board of Directors of Goodwill of Delaware and Delaware County.

NAI Emory Hill announced that Emily Drake joined the firm as a commercial real estate agent. Emily has several years of experience in sales and marketing and a Bachelor of Science degree in Leadership from the University of Delaware.

She will be representing all types of property transactions out of Emory Hill’s corporate offices in New Castle. She is a Delaware native, an avid dancer and golf enthusiast and was third runner up in the 2013 Miss Delaware Pageant.

Emory Hill & Co. and NAI Emory Hill, an affiliate of NAI Global, are part of the Emory Hill Companies, which provide commercial and residential real estate services including commercial brokerage, construction, property management, maintenance and residential sales.

 3 join Tunnell & Rayor

Tunnell & Raysor, P.A. Welcomed Christophe Clark Emmert, Jamie C. King and Jonathan E. Horner as associate attorneys to the Sussex County firm. Emmert practices law in the areas of real estate, estate planning, estate administration, and Court of Chancery litigation, including guardianships.

She received her J.D. with honors from Widener University School of Law, and is admitted to practice in Delaware and before the United States District Court for the District of Delaware. King is an Associate with the firm’s litigation department. In addition to his litigation practice, Jamie represents creditors in collection matters as well as businesses from formation through dissolution.

A Delaware native, King is a graduate of St. Andrews School and went on to earn his B.A. in Political Science from Dickinson College in Carlisle, Pa. King earned his MPA in Public Administration from Wilmington University and a J.D. from Appalachian School of Law in Grundy, Va.

He is admitted to the Bar of the Supreme Court of the State of Delaware and the United States District Court for the District of Delaware. Jamie is also a member of the American, Delaware, and Sussex County Bar Associations.

Horner practices law in the areas of real estate – commercial and residential, foreclosures, land use and zoning, banking and criminal defense.He graduated from Elon University School of Law.

Tunnell & Raysor, P.A. is a Full Service Law Firm serving Sussex County and beyond for over 130 years.

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