Mr. Hennessy served as chairman of the board and CEO of Allied Signal, Inc., 1979-93. Prior to that, he was executive vice president, a director, and a member of the executive committee of the United Technologies Corp. Mr. Hennessy was a financial consultant to the Vatican and a former director of six NYSE companies. He served two terms on the Federal Reserve Bank New York and six years on the Export-Import Bank. He is a trustee of Palm Beach Community Chest/United Way, where he co-chaired the Alexis de Tocqueville Society for three years, and is a director. He served on the Shore Protection Board for the Town of Palm Beach and also served on the Investment Advisory Committee. Mr. Hennessy was vice-chairman of the national March of Dimes and is a former 14-year chairman and a trustee of his alma mater, Fairleigh Dickinson University. He has several honorary degrees and is a Knight of Malta, Knight of St. Gregory and Knight of the Equestrian Order of the Holy Sepulchre.