Independent Directors
Enrique R. Arzac, Ph.D., Age 69
| Length of Time Served: | Since 1983 |
| 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 Petroleum & Resources Corporation (investment company) and Credit Suisse Asset Management Funds (28 funds) (investment companies) and Epoch Holdings Corporations (asset management). |
Phyllis O. Bonanno, Age 67
| Length of Time Served: | Since 2003 |
| Principal Occupations During the Last 5 Years: |
President and 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 Petroleum & Resources Corporation (investment company), Borg Warner Inc. (industrial), Mohawk Industries Inc. (carpets and flooring) |
Kenneth J. Dale, Age 54
| 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: | Director of The Petroleum & Resources Corporation (investment company). |
Daniel E. Emerson, Age 86
| Length of Time Served: | Since 1982 |
| Principal Occupations During the Last 5 Years: | Retired Executive Vice President of NYNEX (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: | Director of The Petroleum & Resources Corporation (investment company). |
Frederic A. Escherich, Age 58
| 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: | Director of The Petroleum & Resources Corporation (investment company). |
Roger W. Gale, Age 64
| Length of Time Served: | Since 2005 |
| Principal Occupations During the Last 5 Years: | President and CEO of GF Energy, LLC (consultants to electric power companies). Formerly, member of management group, PA Consulting Group (energy consultants). |
| Other Directorships: | Director of The Petroleum & Resources Corporation (investment company), Ormat Technologies, Inc. (geothermal and renewable energy), and U.S. Energy Association. |
Thomas H. Lenagh, Age 92
| Length of Time Served: | Since 1968 |
| 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: | Director of The Petroleum & Resources Corporation (investment company), Cornerstone Funds, Inc. (3 funds) (investment companies), and Photonics Product Group (crystals). |
Kathleen T. McGahran, Ph.D., J.D., C.P.A, Age 60
| Length of Time Served: | Since 2003 |
| Principal Occupations During the Last 5 Years: | Principal & Director of Pelham Associates, Inc. (executive education), Adjunct Associate Professor, Columbia Executive Education, Graduate School of Business, Columbia University. Formerly, Associate Dean and Director of Executive Education, and Associate Professor, Columbia University. |
| Other Directorships: | Director of The Petroleum & Resources Corporation (investment company). |
Craig R. Smith, M.D., Age 64
| 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 President & CEO of Guilford Pharmaceuticals (pharmaceuticals and biotechnology). |
| Other Directorships: | Director of The Petroleum & Resources Corporation (investment company), LaJolla Pharmaceutical Company, and Depomed, Inc. (specialty pharmaceuticals). |
Interested Director
Douglas G. Ober, Age 64
| Length of Time Served: | Director since 1989;Chairman of the Board since 1991. |
| Principal Occupations During the Last 5 Years: | Chairman & CEO of the Company and Petroleum & Resources Corporation. |
| Other Directorships: | Director of The Petroleum & Resources Corporation (investment company). |