Beneficial Holdings, Inc. announced an addition to its management team and the appointment of independent members of its Board of Directors. Nicholas DiBitetto has joined the company as Senior Vice President and Chief Financial Officer. DiBitetto is an experienced financial professional holding controllership and CFO positions at several real estate related enterprises in the New York metro area over the last 30 years.

New Board members Harold J. Raveche, Allen Boston, Norman Melnick, Michael J. Petersen and Larry Newman will take office on July 1, 2014. Harold J. Raveche, PhD is President of Innovation Strategies International, LLC with projects in Asia, Latin America and India. He was previously President of Stevens Institute of Technology.

Allen Boston, CPA is a retired Ernst & Young partner, spending 36 years in the firm's Baltimore, New York and Americas practices, serving a wide range of clients in diverse industries, including real estate and construction. Norman Melnick is a retired inventor, entrepreneur and investor. Michael J. Petersen Esq.

is a partner in the law firm Shulman Hodges & Bastian LLP of Irvine, CA. Larry Newman, PhD is Co-Executive Director of the Executive Center for Education and Development at Rider University and was formerly the Dean of Rider's College of Business Administration.