| Paul
Speranza, vice chairman, general counsel and secretary for
Wegmans Food Markets Inc. and vice chairman of finance on
The Business Council's Board of Directors, has been elected
chairman of the U.S. Chamber of Commerce.
As chairman of the U.S. Chamber’s Board, Speranza
will address, work with and call to action state and local
chambers, associations, business groups and other civic
and charitable organizations to "advance pro-growth
policies and programs," according to a release from
the U.S. Chamber.
Kenneth Adams, president and CEO of The Business Council,
hailed the news.
"Through his role in The Business Council, Paul Speranza
has brought to New York State's business community the same
creativity, commitment, and energy that have helped make
Wegmans one of the world's most admired companies,"
Adams said. "Wegmans is a corporate role model for
many New York employers, and as a leader of that company
and of The Business Council, Paul Speranza exemplifies visionary
business and civic leadership."
Speranza was named to the U.S. Chamber’s Board in
1998, where he represented The Business Council. He was
appointed chairman of the U.S. Chamber of Commerce Taxation
Committee in 1998, and served as the U.S. Chamber’s
vice chairman and regional vice chairman of the eastern
region. Speranza also served as the chairman of the Employee
Benefits Committee for seven years.
The U.S. Chamber represents three million companies and
3,000 state and local chambers. Its mission is to represent
the interests of business and free enterprise before the
president, Congress, the courts, regulatory agencies and
governments worldwide.
"Paul is a leader of leaders and brings high-level
experience, energy, passion, and creativity to this position,
and he knows how to get things done," said Tom Donohue,
president and CEO of the U.S. Chamber. "He will be
an extremely effective advocate for the Chamber."
"He is particularly interested in education and workforce
development, especially for the economically disadvantaged,
and in the quality, affordability, and accessibility of
health care," the U.S. Chamber's release said. Speranza
identified three goals for his tenure as chairman, the U.S.
Chamber said. Speranza intends to help the chamber improve
education and workforce development, focusing on the economically
disadvantaged. He also would like to improve the quality,
access and affordability of health care as well as focus
U.S. Chamber initiatives to align them with those of state
and local chambers.
Wegmans is a 70-store supermarket chain with stores in
New York, Pennsylvania, New Jersey, Virginia, and Maryland.
The company employs 35,000 workers and generates more than
$4 billion in annual sales. This family-owned company, founded
in 1916, is recognized as an industry leader and innovator.
Speranza, in leading Wegmans’ legal department for
more than 30 years takes particular pride in the fact that
recently Ethisphere Magazine named Wegmans one
of the most ethical companies in the world based on its
implementation of its code of ethics, how it handles litigation,
its compliance with laws and regulations and its leadership,
among other criteria. In 2007, the Food Network, in its
first-ever awards show, gave Wegmans the award for the "grocery
chain that has changed the way we shop." Also this
year, BusinessWeek named Wegmans number five on
its customer service champion list. For the last 10 years,
Wegmans has been on FORTUNE magazine’s list
of the "100 Best Companies to Work For." In each
of the last three years, Wegmans has been ranked number
one in the over 10,000 employee category and either one,
two or three overall.
Speranza joined Wegmans in 1976, where he chairs a number
of committees, and is responsible for legal, government
relations, tax and labor relations, among other management
duties. Speranza is a member of the board of The Business
Council of New York State, where he also serves as vice
chairman-finance, and is a member of the Executive and Policy
Committee. In addition, he represents The Business Council
on the U.S. Chamber board. He serves on the board of directors
and the Executive Committee of the Rochester Business Alliance
(the Rochester chamber of commerce) and also chairs its
Business Advocacy/Community Issues Committee. Speranza is
a member of the New York State Department of Taxation and
Finance Taxpayer Advisory Council. He is active in numerous
business, civic, and professional organizations and is a
frequent speaker on business, legal, and civic topics.
Speranza is a graduate of Eastridge High School (1965),
Syracuse University (B.S., 1969), the University of San
Francisco (J.D., 1971), and New York University (LL.M. in
Taxation, 1972), which is consistently ranked as the number
one graduate tax program in the United States. He is a member
of the bars of California, New York, Pennsylvania, the Tax
Court, the Second Circuit Court of Appeals, and the Supreme
Court of the United States.
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