Independent Directors
Enrique R. Arzac, Ph.D., Age 67
| Length of Time Served: | Since 1987 |
| Principal Occupations During the Last 5 Years: |
Professor of Finance and Economics, formerly, Vice Dean of Academic Affairs of the Graduate School of Business, Columbia University. |
| Other Directorships: |
Director of The Adams Express Company (investment company), Credit Suisse Asset Management Funds (31 funds) (investment companies) and Epoch Holdings Corporation (asset management). |
Phyllis O. Bonanno, Age 65
| Length of Time Served: | Since 2003 |
| Principal Occupations During the Last 5 Years: |
President & CEO of International Trade Solutions, Inc. (consultants). Formerly, President of Columbia College, Columbia, South Carolina, and Vice President of Warnaco Inc. (apparel). |
| Other Directorships: | Director of The Adams Express Company (investment company), Borg-Warner Inc.(industrial) and Mohawk Industries, Inc. (carpets and flooring). |
Kenneth J. Dale, Age 52
| Length of Time Served: | Since 2008 |
| Principal Occupations During the Last 5 Years: | Senior Vice President and Chief Financial Officer of The Associated Press. |
| Other Directorships: | The Adams Express Company (investment company). |
Daniel E. Emerson, Age 84
| Length of Time Served: | Since 1987 |
| Principal Occupations During the Last 5 Years: | Retired Executive Vice President of NYNEX Corp. (communications), retired Chairman of the Board of both NYNEX Information Resources Co. and NYNEX Mobile Communications Co. Previously Executive Vice President and Director of New York Telephone Company. |
| Other Directorships: | The Adams Express Company (investment company). |
Frederic A. Escherich, Age 56
| Length of Time Served: | Since 2006 |
| Principal Occupations During the Last 5 Years: | Private Investor. Formerly, Managing Director and head of Mergers and Acquisitions Research and the Financial Advisory Department with J.P. Morgan. |
| Other Directorships: | The Adams Express Company (investment company). |
Roger W. Gale, Ph.D., Age 62
| Length of Time Served: | Since 2005 |
| Principal Occupations During the Last 5 Years: | President & CEO of GF Energy, LLC (consultants to electric power companies). Formerly, member of management group, PA Consulting Group (energy consultants). |
| Other Directorships: | The Adams Express Company, (investment company), Ormat Technologies, Inc. (geothermal and renewable energy), and U.S. Energy Association. |
Thomas H. Lenagh, Age 90
| Length of Time Served: | Since 1987 |
| Principal Occupations During the Last 5 Years: | Financial Advisor. Formerly, Chairman of the Board and CEO of Greiner Engineering Inc. (formerly Systems Planning Corp.) (consultants). Formerly, Treasurer and Chief Investment Officer of the Ford Foundation (charitable foundation). |
| Other Directorships: | The Adams Express Company (investment company), Cornerstone Funds, Inc. (3 funds) (investment companies), and Photonics Product Group, Inc. (crystals). |
Kathleen T. McGahran, Age 58
| Length of Time Served: | Since 2003 |
| Principal Occupations During the Last 5 Years: | President & CEO of Pelham Associates, Inc. (executive education), and Adjunct Associate Professor, Tuck School of Business, Dartmouth College. Formerly, Associate Dean and Director of Executive Education and Associate Professor, Columbia University. |
| Other Directorships: | The Adams Express Company (investment company). |
Craig R. Smith, M.D., Age 62
| Length of Time Served: | Since 2005 |
| Principal Occupations During the Last 5 Years: | President, Williston Consulting LLC (consultants to pharmaceutical and biotechnology industries), and Chief Operating Officer and Director of Algenol Biofuels Inc. (ethanol manufacturing). Formerly, Chairman, President & CEO of Guilford Pharmaceuticals (pharmaceuticals and biotechnology). |
| Other Directorships: | The Adams Express Company (investment company), LaJolla Pharmaceutical Company, and Depomed, Inc. (specialty pharmaceuticals). |
Interested Director
Douglas G. Ober, Age 62
| Length of Time Served: | Director since 1989; Chairman of the Board since 1991 |
| Principal Occupations During the Last 5 Years: | Chairman & CEO of the Corporation and The Adams Express Company. |
| Other Directorships: | The Adams Express Company (investment company). |