SAN DIEGO, Aug. 1, 2006 (PRIMEZONE) -- Retirement Capital Group, Inc. (RCG), a leading provider of executive compensation and benefit solutions, today announced the resignation of Conrad Hewitt as Advisory Board member. Mr. Hewitt is stepping down from his position with RCG after being named the new Chief Accountant of the Securities and Exchange Commission (SEC), effective August 18th. As Chief Accountant, he will oversee guidance and interpretations issued by the SEC, which can have an impact on public companies' practice.
Mr. Hewitt has been a member of RCG's Advisory Board since 2002 and has provided the company with strong leadership and counsel. Previously, Mr. Hewitt was a consultant in the areas of mergers and acquisitions, strategic planning, regulatory matters, and general operations. He was also State Superintendent of Banking and Commissioner, Department of Financial Institutions for the State of California. His career was spent with Ernst & Young, where he was Managing Partner in Honolulu, Pacific Northwest, and Northern California offices.
Mr. Hewitt received his B.S. in Finance and Banking from the University of Illinois, and received his postgraduate study from the University of Southern California.
"Con has been a valuable asset to RCG, and will be missed on our Advisory Board. I have had an opportunity to work with him for the past 15 years, first with Compensation Resource Group, then in the founding of RCG," states Bill MacDonald, RCG's Chairman, President, and CEO.
Of his relationship with RCG, Mr. Hewitt states, "Over the past several years I have enjoyed working with Bill MacDonald and his associates. RCG provides valuable expertise and services concerning nonqualified executive benefits to a variety of companies. The other important item is that the people at RCG whom I worked with are truly professionals."
About Retirement Capital Group
RCG offers nonqualified executive benefit consulting services in the area of plan structure, design, benefit security, funding, implementation, and administration. RCG's unbundled approach is a paradigm shift, providing companies access to proprietary and creative solutions, the highest caliber of experts in the executive benefits marketplace, and a network of third-party administrators. RCG's corporate headquarters is located in San Diego, California.