Thomas F. Bonadio, CPA, became an independent director of the Corporation in January 2014 and serves as Chairman of the Royal Oak Audit Committee. Tom is currently the founder and Senior Council of The Bonadio Group, a company he founded in 1978. Previously, Tom served as Chairman and CEO of The Bonadio Group for 40 years.

Tom has extensive experience in all areas of business practice, having served thousands of clients during his professional career and specializes in providing business consulting services to privately-held companies. In addition to being a Certified Public Accountant since 1971, Tom earned a BA in Accounting from St. John Fisher College in Rochester, NY, where he was awarded an honorary degree of Doctor of Law.

Tom is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants.

He currently serves on the boards of directors of Paychex Inc. (PAYX), where he is a member of their company’s Audit Committee. He previously served in the same capacity for Torvec, Inc. (OTCQB) and Conceptus, Inc. (NASDAQ).

Tom also served as a member of the Monroe County Jobs Creation Task Force, and the St. John Fisher College Alumni Activities Committee. He is a past Chairman of the Board of Trustees of St. John Fisher College. Tom is a past inductee of the Rochester Business Hall of Fame.