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Theobalds as the New Chairman at NYSIF

 NYSIF Names Theobalds as Chairman:



The governing board of the State Insurance Fund has elected Kenneth R. Theobalds as chairman and Barry Swidler as vice chairman.


Theobalds, vice president of government and regulatory affairs for Entergy, had been serving as presiding chairman since last May. He has been a member of the NYSIF board since 2008, and he is a former deputy director of the organization.


Theobalds has direct responsibility for Entergy’s regulatory, state and government relations in New York, Massachusetts, Vermont and Michigan. He also serves on the board of the Business Council of New York.


Swidler is president and chief executive officer of Long Island Carpet Cleaners Inc., a family business started in 1917. He is also chairman of NYSIF Launderers and Cleaners Safety Group 34, which began in 1923. Swidler has been an NYSIF board member since 2013.


NYSIF also recently named Eric Madoff as executive director, effective Jan. 6. Madoff is a former chief of staff of the state Department of Financial Services.


Madoff oversaw the merger of the state Insurance Department and the state Banking Department in 2011, and he served as chief investment and strategy officer for the state Liquidation Bureau in 2009 and 2010.


He is a former vice president of equity capital markets for Goldman, Sachs & Co., where he worked as a U.S. equity analyst.

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