John H. Gutfreund is Senior Advisor of Collins Stewart LLC (formerly C. E. Unterberg Towbin) and President of Gutfreund & Co., Inc. (1993). Mr. Gutfreund was formerly with Salomon Brothers (1953-91). He was Chairman of the Board and Chief Executive Officer of Salomon Brothers Inc (1981-91); Co-Chairman, Phibro Corp. (1981-83); Co-Chief Executive Officer, Phibro-Salomon Inc. (1983-84); Chief Executive Officer, Phibro-Salomon Inc. (1984-86); Chairman, Chief Executive Officer, President of Salomon Inc (1986-91). Mr. Gutfreund is a Director, AXES, LLC; Director, Evercel, Inc.; Director, LCA-Vision, Inc.; Director and Chairman of the Board, Nutrition 21, Inc. (formerly AMBI, Inc.); Advisor, The Universal Bond Fund; Director, Montefiore Medical Center and Member of the Executive Committee of the Board of Trustees and Finance and Real Estate Committees; Member, The Brookings Institution, Council Advisory Committee in New York; Member, Council on Foreign Relations; Lifetime Member, Board of Trustees, New York Public Library; Honorary Trustee, Oberlin (Ohio) College; and Chairman Emeritus and Member of the Board of Trustees, Aperture Foundation. He is past Vice Chairman of the New York Stock Exchange (1985-87); past Member, Board of Directors, Securities Industry Association; past Chairman of the Downtown Lower Manhattan Association; past President and Member of the Board of Governors of the Bond Club of New York; past Member, The Trilateral Commission. A graduate of Oberlin College (B.A. 1951), Mr. Gutfreund served in the U.S Army in Korea (1951-53).