FOUNDING PARTNERS AND
SENIOR ADVISORS


MANAGING DIRECTORS
 
Founding Partners and Senior Advisors

Chairman
Frank C. Carlucci

Chairman of Carlyle Europe
The Rt. Honorable John Major, CH

Founders
William E. Conway, Jr.
Daniel A. D’Aniello
David M. Rubenstein
Senior Counselor
James A. Baker, III

Senior Advisor
Arthur Levitt


Managing Directors



Kenneth S. Abramowitz

Hans Albrecht

Harry L. Alverson

Leslie L. Armitage

Haruyasu Asakura

James A. Attwood, Jr.

Francis B. Barker

Waël O. Bayazid

Afsaneh Mashayekhi Beschloss

Gary Block

Gregor P. Böhm

Paul Brady

Robert D. Brown

Lee H. Carson

Peter J. Clare

Brooke B. Coburn

Jonathan E. Colby

Daniel W. Cummings

W. Robert Dahl

Richard G. Darman

Pedro de Esteban

Jim H. Derryberry

Philip B. Dolan
B. Edward Ewing

Christopher Finn

Thomas Foussé

Jacques R. Garaïalde

Robert E. Grady

Ronald M. Grobeck

John F. Harris

Hitoshi Hasegawa

Brian Hayhurst

Kazuo Higashi

James K. Holman

Allan M. Holt

Tony Jansz

Praveen R. Jeyarajah

William E. Kennard

Michael Byung Ju Kim

Eugene Lai

Edoardo Lanzavecchia

Pierre F. Lapeyre, Jr.

Gregory S. Ledford

David M. Leuschen

Eric J. Levin

Joseph E. Lipscomb
Jack S. Mann

Edward J. Mathias

Jean-Pierre Millet

Koji Nagao

Jin H. Park

Jerome H. Powell

Bruce E. Rosenblum

Eric E. Sasson

Mark J. Schoenfeld

Kensuke Shizunaga

Gary P. Stevens

Robert G. Stuckey

Allan C. Thygesen

David T.W. Tung

Claudius E. (Bud) Watts IV

Robert I. Wolk

Stephen Wu

Xiang-Dong (X.D.) Yang

Glenn A. Youngkin

Gregory M. Zeluck

Michael J. Zupon


 

Kenneth S. Abramowitz
Managing Director
U.S. Buyouts - Healthcare Group
New York, New York

Mr. Abramowitz joined The Carlyle Group in March 2001 as a Managing Director in the Healthcare Group based in New York.

Prior to joining Carlyle, he spent 23 years as an analyst at Sanford C. Bernstein & Co. where he covered the medical-supply, hospital-management and HMO industries, after which he was an EGS Securities healthcare fund manager for five months. He was voted top hospital supply and/or service analyst on the Institutional Investor Magazine "All-America Research Team" 14 out of 19 years since 1980 and made the team for both healthcare services and medical supplies for nine out of 12 years since 1987.

Mr. Abramowitz earned a B.A. from Columbia University in 1972 and an M.B.A. from the Harvard Business School in 1976.

During the past 10 years, Mr. Abramowitz has published several notable studies: "HMOs, PBMs, Hospitals and Distributors Better Focused Than Ever on Controlling Pharmaceuticals Costs" (2000), "Healthcare Service Companies to Increasingly Benefit from Upgrading Quality of Care" (1999), "Health-Care Service Sector: Striving for Balance of Power" (1998), "Major Medical Mergers Creating Powerful Agents of Change" (1997), "Cardiovascular Device Innovation Offsetting a Challenging Environment" (1996), "HMOs: Cycle Bottoming; Secular Opportunity Undiminished" (1996), "Financial Implications of Regional Revolutionary Change in Health Care" (1995), "Financial Implications of Revolutionary Change in Health Care" (1994), "Future of Health Care Delivery in America" (1993), "Medical Supply Company Diversification into Pharmaceutical Products and Services within a Cost-Containment Environment" (1992), "New Developments in the Operating Room Environment" (1991). He has also published numerous articles including: "Privatizing Health Care" (Imaging Economics) and "HMO Market Share Headed to 100 Percent" (Managing Employee Health Benefits).



Hans Albrecht
Managing Director
European Buyouts
Munich, Germany

Dr. Albrecht joined The Carlyle Group in March 1997 as a Managing Director focused on European buyouts transactions formed in Germany, Austria and Switzerland and is based in Munich.

Prior to joining Carlyle, Dr. Albrecht was a Managing Partner of a leading German buyout group; in that capacity, he made acquisitions in the region for eight years. Deploying a buy and build strategy, he developed IMM Office Systems into the largest independent European distributor of photocopying and other office equipment. Acquisitions were also made in the healthcare, specialty construction, environmental protection, toy, musical instruments and ladies apparel industries. In addition to the acquisitions made in these industries, Dr. Albrecht also supervised the screening of potential acquisition targets in a wide range of other segments. Prior to these activities, Dr. Albrecht was a manager with the Boston Consulting Group in Munich where he worked on strategy projects in a wide variety of industries, including healthcare, electronics, chemical, insurance, machine tools and industrial components.

Dr. Albrecht is a graduate of Wuerzburg University’s law and medical schools. He holds a doctorate in medicine, an LL.M. from the Harvard Law School and an MBA from INSEAD in Fontainebleau. He speaks German, English, French and Spanish.




Harry L. Alverson
Managing Director
Investor Relations
Washington, DC

Mr. Alverson joined The Carlyle Group in 1996 as a Managing Director and is based in Washington, DC.

Prior to joining Carlyle, Mr. Alverson was a Vice President in the Global Asset Management Group of the Chase Manhattan Bank. Based in New York, he was responsible for Chase’s European and Middle East institutional and private corporate investment clients. Previously, Mr. Alverson had been responsible for the Middle East Corporate Finance Group of Bankers Trust Company based in London, concentrating on acquisition financing and cross-border advisory work. He also started Bankers Trust’s Energy Merchant Bank, with responsibility for Central Europe and the Middle East.

Mr. Alverson is a graduate of Skidmore College and received his M.B.A. from the Wharton Graduate School at the University of Pennsylvania.








Leslie L. Armitage, CFA
Managing Director
US Buyouts
Washington, DC

Ms. Armitage joined The Carlyle Group in 1990 and is a Managing Director focused on U.S. buyout transactions. She is based in Washington, DC.

Since joining Carlyle, Ms. Armitage has focused on transactions in the aerospace and defense, information systems and environmental services industries. She has held several positions within Carlyle, including Analyst from 1990 to 1992, Associate from 1992 to 1994, Vice President from 1994 to 1996, and Principal from 1996 to 1997. In 1997, she became a founding member of Carlyle Europe. While in Europe, she focused on transactions in the automotive and oil and gas equipment industries.

She received a B.S. degree from the Wharton School of the University of Pennsylvania and is a Chartered Financial Analyst.








Haruyasu Asakura
Managing Director
Japanese Buyouts
Tokyo, Japan

Mr. Asakura joined The Carlyle Group in February 2001 as a Managing Director focused on Japanese investment opportunities. He is based in Tokyo.

Prior to joining Carlyle, he was a founding partner of Apax Globis Partners & Co., a private equity investment firm created in Japan as an affiliate of Apax Partners. In that role, he was responsible for IT, telecoms and buyout areas, and closed four investments and completed one exit transaction as lead partner. Prior to Apax Globis, he was Deputy Manager of the ISS Investment Management Department at Mitsubishi Corporation, where he was responsible for private equity investment, corporate development, and various strategic business activities in IT, telecoms, and healthcare services industries.

Mr. Asakura received a B.Sc. in Electrical Engineering from Keio University and an M.B.A. from the Harvard Graduate School of Business Administration.








James A. Attwood, Jr.
Managing Director
US Buyouts – Global Telecommunications and Media Group
New York, New York

Mr. Attwood joined The Carlyle Group in November 2000 as a Managing Director and head of the Global Telecommunications and Media Group based in New York.

Prior to joining Carlyle, Mr. Attwood served as Executive Vice President for Strategy, Development and Planning at Verizon Communications, Inc. At Verizon (and GTE prior to that), Mr. Attwood was responsible for the oversight of all strategic planning, alliances, ventures, corporate strategy, development and M&A activity. He was a key player in several industry-shaping transactions, including the merger of Bell Atlantic and GTE (creating Verizon), the creation of Verizon Wireless (a joint venture among GTE, Bell Atlantic and Vodafone Airtouch), and the creation of Genuity (via the acquisition of BBN by GTE). Prior to his four years at Verizon and GTE, Mr. Attwood served as an investment banker at Goldman, Sachs & Co. for 11 years where he was a Vice President, working in both the New York and Tokyo offices.

Mr. Attwood graduated summa cum laude from Yale University in 1980 with a B.A. in Applied Mathematics and an M.A. in Statistics. In 1985, Mr. Attwood received both J.D. and M.B.A. degrees from Harvard University.








James A. Baker, III
Senior Counselor

Mr. Baker has served at the senior levels of the U.S. government under three different Presidents. He served as the nation’s 61st Secretary of State from January 1989 through August 1992 in the Bush Administration. During his tenure at the State Department, Mr. Baker traveled to 90 foreign countries as the United States confronted the unprecedented challenges and opportunities of the post-Cold War era. Mr. Baker served from 1985 to 1988 as the 67th Secretary of the Treasury in the Reagan Administration. Mr. Baker has been the Senior Counselor at The Carlyle Group since 1993.

Prior to his service as Secretary of the Treasury, Mr. Baker was President Reagan’s White House Chief of Staff from 1981 to 1985. Mr. Baker’s record of public service began in 1975 as President Ford’s Under Secretary of Commerce. It concluded with his service once again as White House Chief of Staff for President Bush from August 1992 to January 1993.

Mr. Baker received the Presidential Medal of Freedom in 1991 and has been the recipient of many other awards for distinguished public service, including Princeton University’s Woodrow Wilson Award, The American Institute for Public Service’s Jefferson Award, Harvard University’s John F. Kennedy School of Government Award, The Hans J. Morgenthau Award, The George F. Kennan Award, the Department of the Treasury’s Alexander Hamilton Award, the Department of State’s Distinguished Service Award, and numerous honorary academic degrees.








Francis B. Barker
Managing Director
US Buyouts – Global Telecommunications and Media Group
New York, New York

Mr. Barker joined The Carlyle Group in April 1999 as a Managing Director and member of the Telecommunications and Media Group based in New York.

Prior to joining Carlyle, Mr. Barker was an investment banker with Morgan Stanley Dean Witter for more than 11 years, with specific focus on the global communications industry.

Mr. Barker graduated magna cum laude from Amherst College with double majors in Political Science and Economics and received his M.B.A. from the Wharton School at the University of Pennsylvania.








Waël O. Bayazid
Managing Director
Investor Relations
London, England

Mr. Bayazid joined The Carlyle Group in April 1996 and is a Managing Director based in London.

Prior to joining Carlyle, Mr. Bayazid was Global Country Head for Saudi Arabia in the Global Asset Management Group of the Chase Manhattan Bank, based in Geneva, Switzerland. Before that, Mr. Bayazid headed the Middle East Private Banking Group for Chase out of New York. Previously, Mr. Bayazid was a Vice President responsible for the Middle East at Bankers Trust Private Bank.

Mr. Bayazid attended the International College in Beirut, Lebanon, and is a graduate of the American College of Switzerland.








Afsaneh Mashayekhi Beschloss
Managing Director
Carlyle Asset Management Group
Washington, DC

Ms. Beschloss joined The Carlyle Group in 2001 as a Managing Director and head of Carlyle Asset Management Group.

Prior to joining Carlyle, Ms. Beschloss was Treasurer and Chief Investment Officer of the World Bank, where she was responsible for managing $65 billion in assets and a $30 billion funding strategy. Her previous responsibilities at the World Bank included Manager of the Derivatives and Structured Products, Fixed Income Portfolio Manager, Manager for Energy and Infrastructure Projects and founder of the Natural Gas Development Division. Ms. Beschloss has also worked for J.P. Morgan and for Shell International Group Planning in London.

Ms. Beschloss holds an M. Phil. (Honours) in Economics from Oxford University and has taught international trade at Oxford University.




Gary Block
Managing Director
US Real Estate
Washington, DC

Mr. Block is a Managing Director of The Carlyle Group, where he focuses on U.S. Real Estate investment opportunities. He is based in Washington, DC.

Prior to joining Carlyle in April 1997, Mr. Block was a partner at the law firm of Vinson & Elkins L.L.P., where he was a member of the firm’s Business Transactions group, and partner in charge of the real estate practice. His experience includes major transactions in the real estate, finance, partnership, corporate finance, and mergers and acquisitions areas.

Mr. Block is a magna cum laude and Phi Beta Kappa graduate of Vanderbilt University and earned his J.D. from the University of Texas School of Law.




Gregor P. Böhm
Managing Director
European Buyouts
Munich, Germany

Mr. Böhm joined The Carlyle Group in May 1997 and is currently a Managing Director focused on European investment opportunities. He is based in Munich.

Before joining Carlyle, Mr. Böhm was a Manager at I.M.M., one of Germany’s leading buyout groups. Prior to that, he was an Analyst with Morgan Stanley’s Mergers and Acquisitions department in London.

Mr. Böhm is a graduate of Cologne University and earned his M.B.A. from the Harvard Business School.




Paul Brady
Managing Director
US Real Estate
Newport Beach, CA

Mr. Brady is a Managing Director of The Carlyle Group with a primary focus on U.S. Real Estate Investments. He is based in Newport Beach, CA.

Prior to joining Carlyle Realty in July 1997, Mr. Brady was a Vice President with Colony Advisors, Inc where he was a member of the acquisition team responsible for the management of loan and REO portfolios. Prior to that, Mr. Brady worked as an analyst in the Mergers and Acquisition Group of Morgan Stanley and Company.

Mr. Brady graduated with honors from the University of Notre Dame, and earned an M.B.A. from the J.L. Kellogg Graduate School of Management at Northwestern University where he was a member of Beta Gamma Sigma.




Robert D. Brown
Managing Director
Investor Relations
New York, New York

Mr. Brown is a Managing Director of The Carlyle Group and is based in New York.

Prior to joining Carlyle in July 1999, he spent five years in the Private Equity Group at Merrill Lynch. Previously, Mr. Brown worked with General Electric Investments in the Real Estate and Domestic Equity Management Group.

Mr. Brown received his Bachelor of Arts from Southern Methodist University and Masters of Business Administration from the University of Connecticut in 1992 and 1994 respectively.








Frank C. Carlucci
Chairman
Washington, DC

Mr. Carlucci has been a Managing Director of Carlyle since 1989 and the Chairman since 1993.

Mr. Carlucci was Secretary of Defense from November 1987 through January 1989, following his service as Assistant to the President for National Security Affairs under President Reagan. Before serving in these positions, Mr. Carlucci was Chairman and Chief Executive Officer of Sears World Trade, Inc. Mr. Carlucci preceded his affiliation with Sears World Trade, Inc. with a career in government spanning more than 25 years holding positions from Ambassador to Portugal to Deputy Director of Central Intelligence to Deputy Secretary of Defense. Mr. Carlucci graduated from Princeton University in 1952 and attended the Harvard School of Business Administration.

Among Mr. Carlucci’s awards and honours are the Herbert Roback Memorial Award (1989); George C. Marshall Award (1989); Honorary Doctor of Laws Degree, University of Scranton (1989); the James Forrestal Memorial Award (1988); Woodrow Wilson Award (1988); Presidential Citizens Award (1983); National Intelligence Distinguished Service Medal (1981); Distinguished Intelligence Medal (1981); Defense Department Distinguished Civilian Service Award (1977); Health, Education and Welfare Distinguished Civilian Service Award (1975); and State Department Superior Service Award (1971).








Lee H. Carson
Managing Director
Investor Relations
San Francisco, California

Mr. Carson is a Managing Director of The Carlyle Group and is based in San Francisco.

Prior to joining Carlyle in July 1999, he was a Managing Director in the Private Equity Group of Merrill Lynch, where he was employed from 1993 to 1999. Prior to that, Mr. Carson was a partner of Trammell Crow Company, where he spent seven years responsible for real estate acquisitions, development, leasing and asset management in the firm’s Los Angeles region.

Mr. Carson is a 1981 graduate of Dartmouth College and a 1986 graduate of the Harvard Business School.








Peter J. Clare
Managing Director
US Buyouts
Washington, DC

Mr. Clare joined The Carlyle Group in August 1992 and is currently a Managing Director focused primarily on the defense, aerospace and information technology industries. He is based in Washington, DC.

From March 1999 to January 2001, he was a founding member of Carlyle Asia and was based in Hong Kong. Prior to joining Carlyle, Mr. Clare was with First City Capital Corporation, a private equity group that invested in LBOs, public equities, distressed bonds and restructurings. Prior to joining First City Capital, Mr. Clare was with the Interfunding/Merchant Banking Group and Leveraged Buyout Department of Prudential-Bache Capital Funding, where he analyzed various transactions with an aggregate value totaling $3.2 billion.

Mr. Clare is a magna cum laude graduate of Georgetown University and received his M.B.A. from the University of Pennsylvania’s Wharton School. While in business school, Mr. Clare also worked for the Palmer Group, a merchant bank formed by Russell E. Palmer (former dean of The Wharton School and former managing partner of Touche Ross) to acquire businesses in the Philadelphia area.








Brooke B. Coburn
Managing Director
US Venture
Washington, DC

Mr. Coburn is a Managing Director of The Carlyle Group focused on early- and growth-stage investments in the telecommunications industry. He is based in Carlyle’s Washington, DC office.

Since joining Carlyle’s telecom practice in 1996, Mr. Coburn has been actively involved with the firm’s investments in Neptune Communications, Pacific Telecom Cable, Bredband (B2), DigiPlex S.A, Core Location, Prime Communications, Genesis Cable, NorthPoint Communications, CityNet Telecom and Matrics Technologies. Mr. Coburn has served on the boards of directors of Pacific Telecom Cable, Bredband (B2), Prime Communications and DigiPlex. Prior to joining Carlyle in 1996, Mr. Coburn worked in the Media and Communications Group at Salomon Brothers, Inc.

Mr. Coburn graduated with honors from Princeton University.








Jonathan E. Colby
Managing Director
Investor Relations
Washington, DC

Mr. Colby joined The Carlyle Group in May 1998 as a Managing Director. He is based in Washington, DC.

Prior to joining Carlyle, Mr. Colby was a Senior Managing Director and a member of the Board of Directors of Equinox Group Holdings, Ltd., a merchant bank specializing in private equity investments and corporate advisory services in Asia. From 1989 to 1996, Mr. Colby was a General Partner of The Blackstone Group, and, from 1980 to 1989, was head of Asian mergers and acquisitions at The First Boston Corporation. While at Blackstone and First Boston, Mr. Colby worked on acquisitions by Asian companies of U.S. companies, as well as Asian market-entry strategies for major U.S. multinationals. Previously, he was Resident Senior Attorney in the Singapore office of Coudert Brothers, a leading international law firm. Mr. Colby also served in the Nixon Administration as Staff Assistant (Foreign Affairs) on the National Security Council under the direction of Dr. Henry A. Kissinger.

Mr. Colby is a graduate of Princeton University and Yale Law School. He is a member of the Council on Foreign Relations and the International Institute for Strategic Studies, and is Chairman of the Carnegie Council on Ethics and International Affairs.








William E. Conway, Jr.
Managing Director and Founder
Washington, DC

Mr. Conway is a Founding Partner and Managing Director of The Carlyle Group. He is based in Washington, DC.

Prior to joining Carlyle, Mr. Conway spent three years as the Senior Vice President and Chief Financial Officer of MCI Communications Corporation. Mr. Conway was a Vice President and Treasurer of MCI from 1981 to 1984. While at MCI, Mr. Conway arranged several billion dollars of debt and equity financing, both in the public and private financial markets, and negotiated MCI’s most significant acquisitions and divestitures. Prior to joining MCI, Mr. Conway served in a variety of positions for almost 10 years with The First National Bank of Chicago in the areas of corporate finance, commercial lending, workout loans and general management.

Mr. Conway is a graduate of Dartmouth College and the University of Chicago Graduate School of Business.








Daniel W. Cummings
Managing Director
US Buyouts
Washington, DC

Mr. Cummings joined The Carlyle Group in April 2000 and is a Managing Director focused primarily on U.S. investment opportunities. He also serves on the European Real Estate Investment Committee. He is based in Washington, DC.

Prior to joining Carlyle, Mr. Cummings was Co-Chief Executive Officer and Co-Chief Investment Officer of LaSalle Investment Management, a global real estate investment management firm, where he managed a wide range of public and private real estate investment activities in North America and Europe during his 20 years with the firm. Mr. Cummings was also a member of the Board of Directors of LaSalle’s parent company, Jones Lang LaSalle Incorporated.

Mr. Cummings is a graduate of Dartmouth College and received his Masters from the University of Chicago.








W. Robert Dahl, CPA
Managing Director
US Buyouts – Healthcare Group
New York, New York

Mr. Dahl joined The Carlyle Group in May 1999 as a Managing Director with responsibility for overseeing Carlyle’s investments in the healthcare business. He is based in New York.

Prior to joining Carlyle, he spent 13 years at Credit Suisse First Boston, most recently as Managing Director and co-head of their U.S. Healthcare Group. Mr. Dahl has extensive experience in recapitalizing highly leveraged companies, having also worked in Credit Suisse First Boston’s Leveraged Finance Group.

Mr. Dahl received his M.B.A. from the Harvard Business School, where he was a Baker Scholar and a Loeb Rhodes Fellow, and a B.A. from Middlebury College. Prior to business school, he was a CPA with Price Waterhouse.








Daniel A. D’Aniello
Managing Director and Founder
Washington, DC

Mr. D’Aniello is a Founding Partner and Managing Director of The Carlyle Group. He is based in Washington, DC.

Prior to forming Carlyle in 1987, he was Vice President for Finance and Development at Marriott Corporation where he was responsible for valuation of all major mergers, acquisitions, divestitures, debt and equity offerings, and project financings. Before joining Marriott, Mr. D’Aniello was a financial officer at PepsiCo and TWA.

Mr. D’Aniello is a 1968 magna cum laude graduate of Syracuse University, where he was a member of Beta Gamma Sigma, and a 1974 graduate of the Harvard Business School, where he was a Teagle Foundation Fellow.








Richard G. Darman
Managing Director
Washington, DC

Mr. Darman has been a Managing Director or Senior Advisor of The Carlyle Group since February 1993. He is based in Washington, DC.

Prior to joining Carlyle, Mr. Darman served from 1989-93 as Director of the U.S. Office of Management and Budget and as a member of President Bush’s Cabinet. Additionally, Mr. Darman held senior policy positions under four Presidents in six Cabinet Departments and the White House. These positions included: Assistant to the President of the United States (1981-85); Deputy Secretary of the U.S. Treasury (1985-87); and Assistant U.S. Secretary of Commerce (1976-77). In the private sector, Mr. Darman was Managing Director of Shearson Lehman Brothers, Inc. (1987-89) and Principal and Director of ICF, Inc. (1974-75, 1977-80).

Mr. Darman is an honors graduate of Harvard College and Harvard Business School and a member of the Harvard faculty.



Pedro de Esteban
Managing Director
European Buyouts
Barcelona, Spain

Mr. de Esteban joined The Carlyle Group in April 2001 as a Managing Director and head of Carlyle’s European buyout operations in Spain and Portugal. He is based in Barcelona.

Prior to joining Carlyle, Mr. de Esteban was a Managing Director for Europ@web. Earlier in his career, Mr. de Esteban was Managing Director of Inversiones Novae, worked with Goldman Sachs as Executive Director in the Corporate Finance and Principal Investment areas both in New York and London, and previously with The Boston Consulting Group as a senior consultant.

He is an engineer from Universitat Politecnica de Catalunya and has an M.B.A. from Stanford University and a Ph.D. cum laude from Universitat Ramon Llull. He speaks Spanish, English and Catalan.

Mr. de Esteban is a part-time lecturer at IESE business school in Barcelona.


Jim H. Derryberry
Managing Director – Riverstone Holdings
New York, New York

Mr. Derryberry is a Managing Director and Chief Operating Officer of Riverstone Holdings.

Prior to joining Riverstone, Mr. Derryberry was a Managing Director of J.P. Morgan and head of the firm’s Natural Resources and Power Group. At J.P. Morgan, he directed the group’s strategy, profitability and personnel. In addition, Mr. Derryberry led a significant number of M&A transactions, such as the Kingdom of Saudi Arabia’s merger of its U.S. refining and marketing operations with those of Shell Oil and Texaco in 1996.

Before joining J.P. Morgan, Mr. Derryberry was a Vice President in the Goldman Sachs Global Energy and Power Group with responsibility for M&A transactions, capital markets financing and managing relationships with many major energy companies, including British Petroleum and Atlantic Richfield Company.

Mr. Derryberry serves as a member of the Board of Overseers for the Hoover Institution at Stanford University and a member of the Engineering Foundation Advisory Council at the University of Texas. Mr. Derryberry received his B.S. and M.S. degrees in Engineering from the University of Texas at Austin and earned his M.B.A. from Stanford University.





Philip B. Dolan
Managing Director
US Buyouts
Washington, DC

Mr. Dolan joined The Carlyle Group in February 1989 and is currently a Managing Director focused principally on U.S. investment activities. He is based in Washington, DC.

Prior to joining Carlyle, Mr. Dolan was a technology industry securities analyst and quantitative fund co-manager with Mercantile-Safe Deposit and Trust Company. Prior to joining Mercantile, Mr. Dolan was a management consultant and practiced public accounting with Seidman & Seidman.

Mr. Dolan is a CPA and an honors graduate of Mount Saint Mary’s College with double majors in Accounting and Political Science. He received his M.B.A. from the George Washington University.







B. Edward Ewing
Managing Director
Carlyle Management Group
Dallas, Texas

Mr. Ewing is the Chief Executive Officer of Carlyle Management Group (CMG), a group dedicated to investing in and managing operational turnarounds. CMG is based in Dallas, Texas.

Prior to joining Carlyle, Mr. Ewing served as Corporate Vice President of Operations for Lockheed Martin. Prior to his five years with Lockheed Martin, Mr. Ewing was a Corporate Officer with General Dynamics. In his 15 years with General Dynamics, Mr. Ewing was the youngest ever to be elected a corporate officer, where he served as Vice President Manufacturing of the F-16 Fighter Program, Vice President Manufacturing of the M-1 Tank Program, Vice President and Program Manager of the M1AI Tank Program and Corporate Vice President of Manufacturing and Engineering for all of GD’s Operations. Early in his career, Mr. Ewing worked with International Harvester, where he advanced through a number of management positions in engineering, manufacturing and material in the North American Truck Group.

In his 35 years of business experience, Mr. Ewing is most well known for his turnaround management and motivational skills. His actions have created billions of dollars of shareholder value in a wide variety of industries.

Mr. Ewing is past chairman of the Leukemia Society of America, a lifelong leader in support of Junior Achievement, a guest speaker to innumerable organizations on many subjects including "Value Creation," and an active fundraiser for church, civic and political groups.








Christopher Finn
Managing Director
European Buyouts
London, England

Mr. Finn joined The Carlyle Group in March 1996 as a Managing Director of The Carlyle Group and is based in London.

Prior to joining Carlyle, Mr. Finn served as Executive Vice President of the Overseas Private Investment Corporation (OPIC), the U.S. Government agency that provides financing to U.S. investors in the developing world. It is also the largest political risk underwriter in the world. Prior to OPIC, Mr. Finn served as Executive Vice President for Equities at the American Stock Exchange. In addition, he was Senior Vice President of Strategic Planning and Acquisitions for Air and Water Technologies Capital Corporation, an international environmental services company. Mr. Finn’s work in government also includes service as Chief of Staff to U.S. Senator Daniel P. Moynihan and as Deputy Commissioner of the New York State Department of Economic Development.

Mr. Finn is an honors graduate of Harvard College.








Thomas Foussé
Managing Director
Investor Relations
London, England

Mr. Foussé is a Managing Director of The Carlyle Group and is based in London.

Prior to joining Carlyle in August 1999, Mr. Foussé was responsible for the private equity fundraising activities throughout Europe as part of the Private Equity Group at Merrill Lynch. From 1989-1992, Mr. Foussé was with Banque Paribas for three years, first as an equity analyst in the Merchant Banking Department in Germany and, then, as a portfolio manager in the Asset Management Group in Paris.

Mr. Foussé received his M.B.A. from the Fuqua School of Business at Duke University and his undergraduate degree from the Institut Supérieur de Gestion in Paris.








Jacques R. Garaïalde
Managing Director
European Venture
London, England

Mr. Garaïalde joined The Carlyle Group in April 2000 as a Managing Director focused on European venture opportunities. He is based in London.

Immediately prior to joining Carlyle in May 2000, Mr. Garaïalde was a senior vice president at the Boston Consulting Group (BCG) and the managing partner of BCG’s operations in France and Belgium. In only five years, he grew this region’s operations by 300 percent to become, with over 350 people, the largest and most profitable business unit within the BCG network. Over 40 percent of BCG’s client work in this territory was focused on implementing Internet and technology strategies. From 1992 to 1995, he started BCG’s operations in Belgium. During this time, he grew activities from scratch to become the second largest player in that market with 40 people. During his 18 years with BCG, Mr. Garaïalde covered the high-tech, telecom and energy sectors on issues of strategy, corporate development and organization. Prior to BCG, he worked for two years with Exxon.

Mr. Garaïalde received his M.B.A. in 1982 from INSEAD, Fontainebleau, and graduated in 1979 from Ecole Polytechnique, Paris. He speaks French, English and Spanish.








Robert E. Grady
Managing Director
Global Venture
San Francisco, California

Bob Grady is a Managing Director in Venture Capital at The Carlyle Group. He is based in San Francisco, California.

He is the managing partner of the firm’s flagship U.S. venture funds, Carlyle Venture Partners I and II, which make investments in growing early-stage private companies, with a particular focus on technology infrastructure for enterprises; software applications, technology and services for communications networks; and healthcare information technology and devices. In addition, Mr. Grady coordinates Carlyle’s global venture capital operations, which are composed of over $1.6 billion under management. He sits on the Investment Committees of Carlyle Venture Partners, Carlyle Europe Venture Partners, Carlyle Asia Venture Partners and Carlyle Japan Venture Partners.

Before joining Carlyle, Mr. Grady was Managing Director at Robertson Stephens, the San Francisco-based technology investment bank. He served on both the firm’s Management Committee and its Commitment Committee, and was integrally involved in the sale of Robertson Stephens, L.P., to BankAmerica Corporation in 1997 and the subsequent sale of BancAmerica Robertson Stephens to BankBoston Corporation (now FleetBoston Corporation) in 1998.

Prior to joining Robertson Stephens, Mr. Grady served in the White House as Deputy Assistant to President George Bush and as Executive Associate Director of the Office of Management and Budget (OMB). He had previously served as Associate Director of OMB for Natural Resources, Energy and Science (1989-1991); Chief Speechwriter and Senior Advisor for the successful 1988 Bush/Quayle Presidential Campaign (1988); Director of Communications for New Jersey Governor Thomas H. Kean (1983-1986); and Legislative Assistant and then Chief of Staff to U.S. Congresswoman Millicent Fenwick (1979-1982).

Since 1993, Mr. Grady has served on the faculty of the Stanford Graduate School of Business, where he teaches a course focused on the challenges of investing and managing in highly regulated environments. Mr. Grady is a graduate of Harvard College and of the Stanford Graduate School of Business.








Ronald M. Grobeck, CFA
Managing Director
US High Yield Group
New York, New York

Mr. Grobeck joined Carlyle High Yield Partners in September 2001 as a Managing Director with primary responsibility for the high yield fixed income portfolios. He is based in New York.

Mr. Grobeck comes to Carlyle from Fischer Francis Trees & Watts, where he served as Senior Portfolio Manager and head of High Yield Investments. Fischer Francis is a global fixed income management firm with over $30 billion under management. While at Fischer Francis, Mr. Grobeck founded the firm’s high yield business, launched its first U.S. high yield mutual fund and managed the high yield assets of its institutional clients. Prior to Fischer Francis, Mr. Grobeck spent nine years with Reliance Group Holdings as Vice President of Investments, where he served as portfolio manager for the firm’s high yield and emerging market portfolios. Mr. Grobeck also has prior experience as a high yield and bankruptcy analyst at R.D. Smith and Company, and held senior positions at Ropart Partners as a Managing Director and at JP Morgan as a Vice President of Corporate Finance.

Mr. Grobeck, a chartered financial analyst, earned an M.B.A. in Finance and Accounting from Columbia and a B.A. in Economics from the University of California, Berkeley.








John F. Harris, CPA
Managing Director and Chief Financial Officer
Washington, DC

Mr. Harris is a Managing Director of The Carlyle Group and is based in Washington, DC. He serves as Carlyle’s Chief Financial Officer with overall responsibility for the firm’s investor reporting, internal controls and financial management.

Prior to joining Carlyle in April 1997, Mr. Harris was a Vice President with Golub Associates, a private equity firm, where he focused on middle market principal investment transactions. Previously, Mr. Harris was a Senior Manager with Arthur Andersen, LLP.

Mr. Harris is a graduate of the University of Virginia and is a CPA.








Hitoshi Hasegawa
Managing Director
Japan Ventures
Tokyo, Japan

Mr. Hasegawa is a Managing Director of The Carlyle Group and Senior Legal Counsel focused on Japan venture investment opportunities. He is based in Tokyo.

Prior to joining Carlyle in August 2001, Mr. Hasegawa was a Managing Director and the General Counsel of SOFTBANK Corp. In this capacity, he was responsible for SOFTBANK’s legal affairs and was active in SOFTBANK’s information technology investment activities in Japan and other parts of Asia. Mr. Hasegawa has also been a corporate partner in the Tokyo office of the international law firm, Morrison & Foerster, LLP, where he represented clients in a wide range of corporate finance, mergers and acquisitions, joint ventures, strategic alliances and other international business transactions.

Mr. Hasegawa received his A.B. in Economics from the University of Michigan and his J.D. from the University of Minnesota Law School.








Brian Hayhurst
Managing Director
US Venture
Tysons Corner

Mr. Hayhurst is a Managing Director of The Carlyle Group with a primary focus on U.S. venture capital investments in software and network infrastructure. He is based in Tysons Corner, Virginia.

Mr. Hayhurst rejoined the firm in March 2001 from Cintra Ventures where he was a General Partner. From 1996 to 2000, Mr. Hayhurst was a Vice President at Carlyle Venture Partners where he led several investments in the firm's US venture capital fund. He has worked closely with several Carlyle Venture Partners portfolio companies including Cidera, AnyDay (sold to Palm Computing (Nasdaq: PALM)), Narrative Communications, Develop Online, Blackboard, Vividon, Realeum, Infocruiser and ISR Solutions, Inc. Prior to joining Carlyle, Mr. Hayhurst worked in the Venture Capital Group of Morgan Keegan, Inc. where he helped to invest the firm's $30 million venture fund. Previously, Mr. Hayhurst served for nine years in the corporate audit and merger & acquisitions services group at Deloitte & Touche.

Mr. Hayhurst is an honors graduate of Rhodes College.








Kazuo Higashi
Managing Director
Japanese Venture
Tokyo, Japan

Mr. Higashi joined The Carlyle Group in September 2000 as a Managing Director focused on Japan venture investment opportunities. He is based in Tokyo.

Prior to joining Carlyle, Mr. Higashi spent two years as a Director of Intel Capital and head of their Japanese operations. He established and managed the equity investment and business development program for Intel’s strategic venture capital business in Japan including development of country and technology investment strategies, investment process and the buildout of teams in Japan. Prior to joining Intel, Mr. Higashi had various senior positions at The Nikko Securities Co, including General Manager at Nikko Capital Co, the venture capital arm of Nikko Securities, and Managing Director at Nikko Capital Singapore. He has more than 10 years experience of venture capital in Japan and Asia.








James K. Holman
Managing Director
Carlyle Arabia
Washington, DC

Mr. Holman joined The Carlyle Group in July 1995 as a Managing Director and head of Carlyle Arabia. He is based in Washington, DC.

Mr. Holman has nearly 30 years of international business experience with broad involvement in project management, including corporate restructuring and turnarounds. Mr. Holman also possesses extensive experience in start-up ventures, real estate and natural resource development, specializing in government relations and marketing. Prior to joining Carlyle, Mr. Holman co-founded and served as the president of U.S. Business Centers, Inc., a developer of a major office building project in Warsaw, Poland. Previously, Mr. Holman helped manage the turnaround and restructuring of Commonwealth Oil Refining, Purolator Courier, Pilot Freight Carriers and Trans Ocean Airways. Mr. Holman served nine years with Conoco and was Consolidation Coal Company’s Director of Federal Government Relations.

Mr. Holman received his B.A. from Princeton and M.A. from Harvard, both of which were in Middle East Studies.

Mr. Holman serves on the Board of Governors of the Middle East Institute. He is also the author of the award-winning book Wagner’s Ring: A Listeners Companion and Concordance, and he is the Chairman of the Wagner Society of Washington, DC. He is also a member of the Board of Directors of the American Friends of the English National Opera and a former trustee of the Washington Opera.








Allan M. Holt
Managing Director
US Buyouts
Washington, DC

Mr. Holt is a Managing Director of The Carlyle Group where his primary focus is on U.S. investment opportunities in the aerospace, defense and information technology industries. He is based in Washington, DC.

Mr. Holt joined Carlyle in 1991, initially with primary responsibilities as Senior Vice President and Chief Financial Officer of one of Carlyle’s portfolio companies, where he was involved in the negotiation and sale of the business. Prior to joining Carlyle, Mr. Holt spent three and a half years with Avenir Group, Inc., an investment and advisory group that acquired majority equity positions in small and medium-sized companies and provided active management support within its acquired companies. Mr. Holt was also previously with MCI Communications Corp., where as Director of Planning and Budgets, he managed a group responsible for the development, review and analysis of MCI’s multibillion dollar financial operating and capital plans. Before joining MCI, Mr. Holt was with Coopers & Lybrand.

Mr. Holt is a graduate of Rutgers University and earned his M.B.A. from the University of California, Berkeley.








Tony Jansz
Managing Director
Asian Venture
Hong Kong

Mr. Jansz is a Managing Director of The Carlyle Group responsible for the firm's Asian venture investments. He is based in Hong Kong.

Since joining Carlyle in March 2000, he has managed the investment process for almost 20 Carlyle portfolio companies in China, India, South Korea, Singapore and Australia. Prior to joining Carlyle in March of 2000, Mr. Jansz spent six years at Intel Corporation, first as General Manager of their Australian and New Zealand operations and ultimately as Director of Corporate Business Development and part of Intel Asia’s Headquarter Staff based in Hong Kong. He established and executed Intel’s strategic venture capital business in the Asia-Pacific region, developing country and technology investment strategies, investment processes for key markets and the buildout of teams in the PRC, Taiwan, India, Hong Kong and Australia. From 1998 to 1999, he supervised over 30 investments, personally executing eight, including AsiaInfo, Bharti Telesys, Rediff, Securenet and AsiaContent. Mr. Jansz has over 20 of years experience in the IT industry, including six years at Compaq Computer, three years at Borland Software, four years at ComputerLand and two years at Tandy Corporation.

Mr. Jansz has an undergraduate degree in Economics from the University of New England, Australia.








Praveen R. Jeyarajah
Managing Director
US Buyouts
Washington, DC

Mr. Jeyarajah is a Managing Director of The Carlyle Group with a primary focus on U.S. investment opportunities in the consumer and industrial sectors. He is based in Washington, DC.

Prior to joining Carlyle in 2000, Mr. Jeyarajah was a Principal at Saratoga Partners, a middle market corporate buyout fund. While at Saratoga, Mr. Jeyarajah was a Director of J&W Holding Corp., Koppers Industries, Inc. and Wireless Services Holding Corp. Prior to that, Mr. Jeyarajah worked at Dillon, Read & Co. Inc where he provided financing and advisory services to a broad range of corporate clients.

Mr. Jeyarajah earned his B.A. from Rutgers College and his M.B.A. from the Wharton School at the University of Pennsylvania.








William E. Kennard
Managing Director
US Buyouts – Global Telecommunications and Media Group
Washington, DC

William E. Kennard joined The Carlyle Group in May 2001 as a Managing Director in the Global Telecommunications and Media Group. He is based in Washington, DC.

Before joining The Carlyle Group, Mr. Kennard served as Chairman of the U.S. Federal Communications Commission from November 1997 to January 2001. During his tenure, he implemented the Telecommunications Act of 1996, designing policies that created an explosion of new wireless phones, brought the Internet to a majority of American households, and resulted in billions of dollars of investment in new broadband technologies. He also shaped the outcome of the most significant communications mergers in history, such as AOL-Time Warner, Worldcom-MCI, CBS-Viacom, Verizon-GTE and SBC-Ameritech.

Mr. Kennard served as the FCC’s general counsel from December 1993 to November 1997. Before serving in government, Mr. Kennard was a partner and member of the board of directors of the law firm of Verner, Liipfert, Bernhard, McPherson and Hand.

Mr. Kennard graduated Phi Beta Kappa from Stanford University and received his law degree from Yale Law School.








Michael ByungJu Kim
Managing Director
Asian Buyouts
Seoul, Korea

Mr. Kim is a Managing Director of The Carlyle Group and a member of the Asia Investment Committee. Based in the Seoul office, Mr. Kim focuses on Carlyle’s buyout investments in Asia excluding Japan.

Before joining Carlyle in April 1999, Mr. Kim was Managing Director and Chief Operating Officer-Asia Pacific Investment Banking for Salomon Smith Barney, where he spent four years in Hong Kong and Seoul. Prior to Salomon, Mr. Kim was an Executive Director at Goldman, Sachs & Co., where he worked for seven years in various capacities in Investment Banking in Seoul, Hong Kong and New York. At Salomon and Goldman, he completed numerous major M&A advisory, privatization and financing transactions in Korea and the rest of Asia.

Mr. Kim is an Honors graduate of Haverford College, where he was a member of Phi Beta Kappa, and a graduate of Harvard Business School. He was also a Fulbright Fellow. Mr. Kim grew up in Seoul and is a native Korean speaker.







Eugene Lai
Managing Director
Asian Buyouts
Singapore

Mr. Lai is a Managing Director of The Carlyle Group and is focused on Asian investment opportunities. He is based in Singapore.

Prior to joining Carlyle in March 2001, Mr. Lai was a Managing Director in Salomon Smith Barney’s Southeast Asia investment banking business. Before that, he was head of Schroders’ Southeast Asia corporate finance business and a member of the Asia-Pacific Investment Banking Executive Committee. Mr. Lai spent most of his career based in Singapore, focusing on Southeast Asia. He played a leading role in numerous, significant mergers and acquisitions and fundraising transactions in the region, with an aggregate value of more than US$50 billion.

Mr. Lai has an L.L.B. from The London School of Economics & Political Science, London University, and an L.L.M. from Harvard Law School and may practice law in New York, England, Singapore and Malaysia.





Edoardo Lanzavecchia
Managing Director
European Buyouts
Milan, Italy

Mr. Lanzavecchia is a Managing Director of The Carlyle Group and heads Carlyle’s European buyout operation in Italy.

Prior to joining Carlyle in February 1998, Mr. Lanzavecchia was a partner at SO.PA.F. SpA, a leading Italian merchant bank. He was instrumental in managing the firm’s direct private equity investments, as well as its two private equity partnerships: Invest Equity Partners BV and General Electric and SO.PA.F. Equity Partners BV. He was active in sourcing, structuring, managing, and exiting a portfolio of companies in various industries including chemicals, electric components, construction machinery, fabrics and gardening equipment. Prior to joining SO.PA.F., he was a strategic consultant with The Mac Group where he handled a variety of assignments in civil engineering, insurance, food and furniture. In the earlier part of his career, he worked at ABB in the energy division and as a researcher in the Plasma Physics Laboratory of CNR.

He received his M.B.A. from Bocconi University in Milan after earning a degree in nuclear engineering from Politecnico di Milano. He speaks Italian, English and French.



Pierre F. Lapeyre, Jr.
Managing Director – Riverstone Holdings
New York, New York

Mr. Lapeyre is a founder and Managing Director of Riverstone Holdings.

Prior to founding Riverstone, Mr. Lapeyre was a Managing Director of Goldman Sachs in its Global Energy and Power Group. Mr. Lapeyre joined Goldman Sachs in 1986 and spent his 14-year investment banking career focused on energy and power, particularly the midstream/infrastructure, oil service and technology sectors. Mr. Lapeyre’s responsibilities included client coverage and leading the execution of a wide variety of M&A, IPO strategic advisory and capital markets financings for clients across all sectors of the industry.

While at Goldman Sachs, Mr. Lapeyre led the group’s coverage of Asian energy companies, served as sector captain for the midstream/infrastructure and oil services segments and was extensively involved in the origination and execution of energy private equity investments on behalf of the firm. He was also asked to lead the group’s agency and principal investment effort in energy/power technology.

Mr. Lapeyre received his B.S. in Finance/Economics from the University of Kentucky and his M.B.A. from the University of North Carolina at Chapel Hill.


Gregory S. Ledford
Managing Director
US Buyouts
Washington, DC

Mr. Ledford is a Managing Director of The Carlyle Group with a primary focus on U.S. investment opportunities. He is based in Washington, DC.

Prior to joining Carlyle in January 1988, Mr. Ledford was Director of Capital Leasing for MCI Telecommunications, where he was responsible for more than $1 billion dollars of leveraged lease financing. Mr. Ledford joined Carlyle as a Vice President and, from 1991 through 1997, was Chairman and CEO of The Reilly Corp., a Carlyle portfolio company that was sold in September 1997.

Mr. Ledford is a graduate of the University of Virginia’s McIntire School of Commerce and a member of the school’s Advisory Board. He earned his M.B.A. from Loyola College.




David M. Leuschen
Managing Director – Riverstone Holdings
New York, New York

Mr. Leuschen is a founder and Managing Director of Riverstone Holdings. He has extensive M&A, financing and investing experience in the energy and power sector.

Prior to founding Riverstone, Mr. Leuschen was a Partner and Managing Director at Goldman Sachs and founder and head of the Goldman Sachs Global Energy & Power Group. Mr. Leuschen joined Goldman Sachs in 1977, became head of the Global Energy & Power Group in 1985, became a Partner of the firm in 1986 and remained with the firm until leaving to found Riverstone.

Mr. Leuschen was responsible for building the Goldman Sachs energy and power investment banking practice into one of the leading franchises in the global energy and power industry. Mr. Leuschen served as Chairman of the Goldman Sachs Energy Investment Committee, where he was responsible for screening potential private equity capital commitments by Goldman Sachs in the energy and power industry. Further, Mr. Leuschen was responsible for establishing and managing the firm’s relationships with senior executives from leading companies in all segments of the energy and power industry including Amerada Hess, Anadarko, Apache, BP Amoco, Chevron, Cross Timers, ENI, Enron Oil and Gas, Kinder Morgan, Koch Industries, Kuwait Petroleum, Lasmo, Mobil, Phillips, PDVSA, Union Pacific Resources, Santa Fe International, Transocean Sedco Forex, Unocal, and many others.

Mr. Leuschen received his A.B. degree from Dartmouth and his M.B.A. from Dartmouth’s Amos Tuck School of Business.





Eric J. Levin
Managing Director
Asian Venture
Hong Kong

Mr. Levin is a Managing Director of The Carlyle Group responsible for the firm's Asian venture investment opportunities. He is based in Hong Kong.

Since joining Carlyle in March 2000, he has managed the investment process for almost 20 Carlyle portfolio companies in China, India, South Korea, Singapore and Australia. Before joining Carlyle, Mr. Levin spent three years at Intel Corp. where he did venture capital investing and mergers and acquisitions. His last two years at Intel were in Hong Kong, where he built and managed the equity investment side of Intel’s strategic venture capital business in the Asia-Pacific region. Mr. Levin invested for Intel in more than 40 companies from early-stage start-ups to late-stage companies, several of which had very successful IPOs, including Sohu.com (NASDAQ: SOHU), Beijing, PRC; Pacific Century Cyberworks (HKSE: 0008), Hong Kong; AsiaInfo Holdings, Inc. (NASDAQ: ASIA), Beijing; and UT Starcom, Inc. (NASDAQ: UTSI), Alameda, CA. Mr. Levin covered China, Hong Kong, Taiwan, Singapore, Australia and India with a particular focus on Greater China. He has 20 years experience in corporate finance including venture capital, corporate banking, investment banking, plus positions as CFO and Vice President of Finance in two successful start-ups in the United States.

Mr. Levin holds an undergraduate degree from Wesleyan University and an M.B.A. from the Harvard Business School. Mr. Levin is an intermediate-level Mandarin Chinese speaker. He studies Chinese language and culture.




Joseph E. Lipscomb
Managing Director
US Buyouts
Washington, DC

Mr. Lipscomb is a Managing Director of The Carlyle Group, where he focuses on U.S. investment opportunities in the IT services and business outsourcing sectors. He is based in Washington, DC.

Prior to joining Carlyle in 1999, Mr. Lipscomb spent seven years in the Technology Investment Banking and Leverage Finance Group at BT Alex. Brown where he was responsible for IT services investment banking. Prior to his work with BT Alex. Brown, Mr. Lipscomb was in the High Yield Group at First Boston.

Mr. Lipscomb is a graduate of Kenyon College, the Wharton Graduate School of Business, and the Johns Hopkins School of Advanced International Studies




Arthur Levitt
Senior Advisor

Mr. Levitt joined The Carlyle Group in May 2001 as Senior Advisor to the firm.

Prior to joining Carlyle, Mr. Levitt was the 25th Chairman of the United States Securities and Exchange Commission. First appointed by President Clinton in July 1993, the President re-appointed Chairman Levitt to a second five-year term in May 1998. On September 9, 1999, he became the longest-serving Chairman of the Commission. He left the Commission on February 9, 2001.

Investor protection was Chairman Levitt’s top priority. Throughout his tenure at the Commission, Chairman Levitt worked to educate, empower and protect America’s investors – now more than 50 million strong. Early in his tenure, Chairman Levitt created the Office of Investor Education and Assistance and established a website, which allows the public free and easy access to corporate filings and investor education materials. In the past seven years, Chairman Levitt has conducted more than 40 investor town meetings throughout the country to listen to the concerns of investors and to give them tips on safe and wise participation in the securities markets.

Before joining the Commission, Mr. Levitt owned Roll Call, a newspaper that covers Capitol Hill. From 1989 to 1993, he served as the Chairman of the New York City Economic Development Corporation, and from 1978 to 1989, he was the Chairman of the American Stock Exchange. Prior to joining the Amex, Mr. Levitt worked for 16 years on Wall Street.

He graduated Phi Beta Kappa from Williams College in 1952 before serving for two years in the Air Force.




The Rt. Honorable John Major, CH
Chairman of Carlyle Europe

Former Prime Minister John Major was appointed Chairman of Carlyle Europe in May 2001 and has been a member of Carlyle’s European Advisory Board since 1998.

Mr. Major had a long and distinguished career as a Member of Parliament in the United Kingdom, serving in government for 16 years and as a cabinet member for 10 years. He became Chief Secretary to the Treasury in 1987. In 1989, he was appointed Secretary of State for Foreign and Commonwealth Affairs, before being appointed Chancellor of the Exchequer in October of that year. He was appointed Prime Minister on November 28, 1990, and served in that position until May 1997.

As Prime Minister, Mr. Major focused his efforts upon securing peace in Northern Ireland and upholding Britain’s position in the world community as a political, social and economic leader. He was Prime Minister throughout the Gulf War and, at home, instigated long-term reforms in education, health and public services. On New Year’s Day 1999, The Queen appointed him a Companion of Honour in recognition of his initiation of the Northern Ireland Peace Process. On the death of Diana, Princess of Wales, Mr. Major was appointed Legal Guardian to Their Royal Highnesses Princes William and Harry.

Mr. Major is a Non-Executive Director of the Mayflower Corporation and Chairman of the European Advisory Council of the Emerson Electric Company in St. Louis. He is Chairman of the Council of the Ditchley Foundation and on the International Advisory Boards of the Peres Center for Peace in Israel, the InterAction Council in Tokyo and the Baker Institute in Houston.




Jack S. Mann
Managing Director
US High Yield Group
New York, New York

Mr. Mann is a Managing Director of The Carlyle Group and head of the High Yield Group based in New York.

He joined Carlyle in September 1998 from Merrill Lynch where he was a Managing Director and head of its High Yield Capital Markets and Syndicate Group. In that capacity, Mr. Mann managed a team of seven professionals and was responsible for the structuring, marketing, syndication and execution of domestic and international high yield and mezzanine securities across all industries. In that capacity, Mr. Mann was also charged with the responsibility of investing and managing mezzanine investments on a proprietary basis. Prior to that, Mr. Mann was a vice president with Merrill Lynch in its High Yield Investment Banking group where his responsibilities included originating, structuring and marketing high yield securities with particular focus on bridge and LBO financings. Mr. Mann has served on both Merrill Lynch’s Leveraged Transaction Commitment Committee and High Yield Executive Committee. Over the years, he has addressed many professional organizations regarding the high yield market.

Mr. Mann had been with Merrill Lynch since 1986 after receiving his M.B.A. from Harvard Business School and his B.S. in Economics from the Wharton School of the University of Pennsylvania.








Edward J. Mathias
Managing Director
US Venture
Washington, DC

Mr. Mathias is a Managing Director of The Carlyle Group and is based in the firm’s Washington, DC office.

Prior to joining Carlyle in January 1994, Mr. Mathias was a member of the Management Committee and Board of Directors of T. Rowe Price Associates, Inc., a major investment management organization. He was instrumental in the founding of The Carlyle Group and assisted in raising the firm’s initial capital. Focusing primarily on venture capital activities, he serves as a member of the Investment Committees for Carlyle Venture Partners, Carlyle Europe Venture Partners, Carlyle Asia Venture Partners and Carlyle Japan Venture Partners. Mr. Mathias is also active with numerous other venture capital limited partnerships and is a frequent investor in early-stage, private companies.

Mr. Mathias holds an M.B.A. from the Harvard Business School and an undergraduate degree from the University of Pennsylvania.








Jean-Pierre Millet
Managing Director
European Buyouts
Paris, France

Mr. Millet is a Managing Director of The Carlyle Group focused on European buyout transactions.

Prior to joining Carlyle in January 1997, Mr. Millet was Managing Director of Artal Europe, a Paris-based industrial food group he founded in 1987; he executed 25 acquisitions and built the group up to sales of €700 million with operations in 12 countries. Previously, Mr. Millet was a Manager with The Boston Consulting Group in Paris, where he led strategy and organization consulting projects for multinational corporations in various European countries and in Latin America.

Mr. Millet received his M.B.A. from the Kellogg Graduate School of Management at Northwestern University in the U.S. and his undergraduate degree from Institut Supérieur de Gestion in Paris.








Koji Nagao
Managing Director
Investor Relations
Tokyo, Japan

Mr. Nagao is a Managing Director of The Carlyle Group with primary responsibility for Japanese investor relations. He is based in Tokyo.

Prior to joining Carlyle in February 2000, Mr. Nagao was General Manager of the Mergers & Acquisitions Group at Daiwa SBCM, a joint venture between Daiwa Securities Group and The Sumitomo Bank. He has 13 years of experience in Mergers & Acquisitions in New York, London and Tokyo and has closed more than 30 transactions valued at $4 billion. Mr. Nagao also acted as an advisor to Sumitomo Bank in M&A and investment strategy, including acquisition of Daiwa Bank’s U.S. branches, sale of Sumitomo Bank of California, joint venture with Daiwa Securities and DLJ Direct, and its investment in several private equity funds in the U.S. At Daiwa SBCM, he played a key role in the strategic alliance for cross-border M&A with Lazard Freres and in the formation of a Japan buyout fund with GE Capital and Sumitomo Corporation.

Mr. Nagao earned an L.L.B. from Kyoto University and an L.L.M. from University of Pennsylvania Law School.








Jin H. Park
Managing Director
Carlyle Asset Management Group
Washington, DC

Mr. Park joined The Carlyle Group in 2001 as a Managing Director of Carlyle Asset Management’s hedge fund group.

Prior to joining Carlyle, Mr. Park was a senior investment officer at the World Bank, where he was responsible for managing $600 million in alternative liquid investments in the pension fund. He was instrumental in developing the World Bank’s multi-manager alternative liquid investment portfolios and implementing innovative risk management systems. In addition, he managed derivative overlay strategies for the pension fund and tactical trading portfolios for the World Bank’s reserves. He provided technical assistance to central banks in Africa and the Caribbean. Prior to his employment at the World Bank, Mr. Park was a portfolio manager for Strome, Susskind, a global macro hedge fund, where he was responsible for strategy and trading of G-7 and emerging market bonds, Asian equities and equity derivatives. Prior to that, he was a financial economist and vice president with Lehman Brothers.

Mr. Park holds a B.A. in Economics from the University of California, Berkeley.








Jerome H. Powell
Managing Director
US Buyouts – Consumer and Industrial Group
Washington, DC

Mr. Powell is a Managing Director of The Carlyle Group, where he focuses on U.S. investment opportunities in the consumer and industrial sectors. He is based in Washington, DC.

Before joining Carlyle in 1997, Mr. Powell was a Managing Director and head of mergers and acquisitions at Dillon, Read & Co. Inc. from 1995 until 1997. He was a Managing Director at Bankers Trust Company from 1993 until 1995, serving as chief of staff and later as head of client coverage, mergers and acquisitions and related areas of the bank. From 1990 until 1993, Mr. Powell served in the Bush Administration, first as Assistant Secretary of the Treasury Department for Domestic Finance, and later as Under Secretary for Finance. At the Treasury Department, he was responsible for financial institutions policy, debt management and other areas. Before joining the Treasury Department, Mr. Powell was a Senior Vice President at Dillon Read in the mergers and acquisitions department and, before that, was an Associate at Davis Polk & Wardwell in New York City.

Mr. Powell graduated in 1979 with honors from the Georgetown University Law Center, where he was editor in chief of the Georgetown Law Journal. He graduated from Princeton University with honors in 1975.








Bruce E. Rosenblum
Managing Director
US Buyouts – Global Telecommunications and Media Group
Washington, DC

Mr. Rosenblum is a Managing Director of The Carlyle Group and a member of Carlyle’s Communications Group. He is based in Washington, DC.

Prior to joining Carlyle in May 2000, Mr. Rosenblum was a partner and Executive Committee member at the law firm of Latham & Watkins, where he practiced for 18 years, specializing in mergers and acquisitions and corporate finance. His experience includes major transactions in the telecommunications, media, aerospace, defense, information services and other industries.

Mr. Rosenblum is a graduate of Yale University and earned his J.D. from Columbia Law School.








David M. Rubenstein
Managing Director and Founder
Washington, DC

Mr. Rubenstein is a Founding Partner and Managing Director of The Carlyle Group. He is based in Washington, DC.

Prior to forming the firm in 1987, he served for six years as a partner in the Washington, DC law firm of Shaw, Pittman, Potts & Trowbridge, where he was counsel on a number of major corporate acquisitions and mergers. At the age of 27, Mr. Rubenstein became Deputy Domestic Policy Assistant to the President of the United States, a position he held until 1981.

Mr. Rubenstein is a 1970 magna cum laude graduate of Duke University, where he was a member of Phi Beta Kappa, and a 1973 graduate of the University of Chicago Law School, where he was an editor of the Law Review.








Eric E. Sasson
Managing Director
European Real Estate
Paris, France

Mr. Sasson joined The Carlyle Group in February 2001 as a Managing Director focused on real estate investments in Europe. He is based in Paris.

Prior to joining Carlyle, Mr. Sasson was responsible for direct investment in real estate in continental Europe for LaSalle. He led several funds including the Euro 5 Fund, an €850 million fund which invested in the office, industrial and retail sectors in France, Germany, Italy, Spain and Portugal. In addition he led the Francilienne Fund, an opportunistic €300 million office fund formed to invest in the Paris region. Prior to joining LaSalle in 1995, Mr. Sasson was a portfolio manager for Sinvim in Paris, a real estate development subsidiary of the BNP-Paribas Group and was responsible for commercial projects in Paris, Berlin, Madrid, London and Barcelona.

Mr. Sasson holds an M.B.A. from INSEAD in Fontainebleau. He also holds an M.S. in nuclear engineering from M.I.T. and an engineering degree from the Ecole Speciale des Travaux Publics, a Paris civil engineering school. He speaks French, English and German.








Mark J. Schoenfeld
Managing Director
US Real Estate
Washington, DC

Mr. Schoenfeld is a Managing Director of The Carlyle Group with a primary focus on U.S. Real Estate investment opportunities. He is based in Washington, DC.

Mr. Schoenfeld joined Carlyle as its first real estate employee in February 1992. Prior to that, he was President of a special assets subsidiary of Perpetual Savings Bank where he oversaw loan workout operations. He also served as the Bank's Senior Vice President of Asset Sales and Securitization. Before that, Mr. Schoenfeld was Managing Director of the real estate finance division of MNC Investment Bank and a real estate consultant at Laventhol & Horwath.

Mr. Schoenfeld graduated summa cum laude from Michigan State University and is a member of Beta Gamma Sigma.








Kensuke Shizunaga
Managing Director
Japanese Buyouts
Tokyo, Japan

Mr. Shizunaga is a Managing Director of The Carlyle Group, where he focuses primarily on Japanese investment opportunities. He is based in Tokyo.

Prior to joining Carlyle in June 2001, he was a General Partner responsible for buyout investments at Schroder Ventures K.K. There, he played a key role in closing management-led buyout transactions and executed a trade sale to exit one of the buyout investments. Mr. Shizunaga has nearly 20 years of experience in a broad range of corporate finance and M&A transactions, advising primarily large Japanese and non-Japanese industrial companies and financial institutions. At Lehman Brothers, where Mr. Shizunaga spent more than 11 years, he was a Managing Director and head of Investment Banking in Tokyo.

Mr. Shizunaga has a B.A. in political science from Waseda University and an M.B.A. from Columbia Business School.








Gary P. Stevens
Managing Director
US Real Estate
Washington, DC

Mr. Stevens is a Managing Director of The Carlyle Group, where he focuses on U.S. real estate investment opportunities. He is based in Washington, DC.

Prior to joining Carlyle Realty in April 1996, he was a senior executive officer of the J.E. Robert Companies (JER), holding the positions of Chief Operating Officer, General Counsel and Executive Vice President. Prior to joining JER, Mr. Stevens was Executive Vice President and a Principal of The Artery Organization, a major Washington, DC area real estate development, construction and management firm. Prior to joining Artery, Mr. Stevens was a partner with the Washington, DC law firm of Aronoff & David (now part of Womble Carlyle Sandridge & Rice), concentrating on transactional real estate, real estate finance and tax planning.

Mr. Stevens is a magna cum laude graduate of Cornell University, having graduated with distinction from the College of Arts and Sciences, and earned a J.D. from the Cornell Law School, where he was Note & Comment Editor of the Cornell International Law Journal.








Robert G. Stuckey
Managing Director
US Real Estate
Washington, DC

Mr. Stuckey is a Managing Director of The Carlyle Group and head of the U.S. Real Estate Group based in Washington, DC.

Before joining Carlyle in September 1998, Mr. Stuckey was Chief Investment Officer for CarrAmerica Realty Corporation, a $3.5 billion publicly traded REIT that invests in office properties and employs approximately 1,400 people nationwide. Mr. Stuckey established and led the investment effort that resulted in CarrAmerica’s growth from a total capitalization of approximately $800 million to more than $3.5 billion from 1995 to 1998. He guided the company to become one of the two largest national developers of suburban office space, with more than $600 million of annual construction starts in 10 markets.

Prior to joining CarrAmerica, Mr. Stuckey was Senior Vice President of ProLogis (formerly Security Capital Industrial Trust) – a $5.0 billion publicly traded REIT that invests in industrial properties globally. While at ProLogis, Mr. Stuckey had senior roles focusing on acquisition and development investments. Mr. Stuckey also served as Chief Financial Officer for Trammell Crow Company, NE, the Northeast region of Trammell Crow Company, which managed and leased approximately $2 billion of office, industrial and retail real estate assets. He also performed leasing and project management roles for the Trammell Crow Company. Separately, he was a member of Trammell Crow Ventures, a merchant banking affiliate to Trammell Crow Company.

Mr. Stuckey was twice an academic All-American at the University of Nebraska and earned an M.B.A. from Harvard University.








Allan C. Thygesen
Managing Director
US Venture
San Francisco, California

Allan Thygesen is a Managing Director of The Carlyle Group, where he focuses on U.S. venture investment opportunities. He is based in San Francisco.

Before joining Carlyle in February 2001, Mr. Thygesen served as the Executive Vice President, Sales and Business Development of Wink Communications, Inc. (NASDAQ: WINK), a provider of an end-to-end software platform for interactive television services. Mr. Thygesen joined Wink in July 1996, and developed and led Wink’s relationships with its largest cable and satellite operator customers, broadcast and cable networks, advertisers and advertising agencies, and consumer electronics manufacturers. At Wink, Mr. Thygesen also served as Interim Chief Financial Officer in preparation for the company’s initial public offering in August 1999.

Earlier, Mr. Thygesen served in a variety of executive, sales, marketing, customer service and finance management roles at Gold Disk, Inc., a venture-backed publisher of personal and corporate productivity software; at Media Vision Technologies, Inc., a multimedia hardware manufacturer and publisher of CD-ROM entertainment software; at Pellucid, a venture-backed start-up developing 3-D graphics hardware acquired by Media Vision in May 1993; at Everex Systems, a manufacturer of personal computers and peripheral products; and at Radiometer A/S, a manufacturer of medical measuring equipment.

Mr. Thygesen earned an M.Sc. degree in Economics from the University of Copenhagen and an M.B.A. from the Stanford Graduate School of Business, where he graduated as an Arjay Miller scholar.







David T.W. Tung
Managing Director
Investor Relations
Singapore

Mr. Tung is a Managing Director of The Carlyle Group with responsibility for fundraising and investor relations in the Asia-Pacific region. He is based in Singapore.

Prior to joining Carlyle in 2000, Mr. Tung was a Managing Director with the Private Equity Group at Merrill Lynch since 1996 and was based in Singapore. In this capacity, Mr. Tung led the fundraising initiatives for several Asian investment partnerships, which Merrill Lynch represented as the placement agent. Prior to that, Mr. Tung was an Executive Director at Goldman Sachs & Co. from 1986 to 1995 and worked in both the Investment Banking Division and subsequently the Asset Management Division in both London and Hong Kong.

Mr. Tung earned his M.B.A. from the City University Business School, London, and a B.S. in computer science from the University of London. Mr. Tung is a native Mandarin speaker.







Claudius E. (Bud) Watts IV
Managing Director
US Buyouts
Charlotte, NC

Mr. Watts is a Managing Director of The Carlyle Group with a primary focus on U.S. investment opportunities in the aerospace, defense, and information technology industries. He is based in Charlotte, NC.

Prior to joining Carlyle in 2000, Mr. Watts was a Managing Director in the First Union Securities, Inc. M&A Group (formerly Bowles Hollowell Conner & Co.) where he led the firm's Defense, Aerospace and Technical Services Group. Prior to attending business school, Mr. Watts was a fighter pilot in the U.S. Air Force. During his service, he was qualified as an instructor pilot in both the F-16 and A-10 aircraft and served in a number of leadership and operations management positions in the United States and abroad.

Mr. Watts graduated from the Citadel with a BSEE degree and earned his M.B.A. at Harvard Business School.







Robert I. Wolk
Managing Director
Asian Buyouts
Hong Kong

Robert I. Wolk is a Managing Director of The Carlyle Group and is based in the firm’s Hong Kong office. He has primary responsibility for Carlyle’s telecommunications, media and Internet infrastructure investments in Asia.

Before joining Carlyle, Mr. Wolk was an Executive Director of Goldman, Sachs and Co., where he worked for seven years in the global Communications, Media, Entertainment and Technology (CMET) group. From 1994 to 1997, Mr. Wolk was based in London and involved in executing landmark privatization transactions for Telkom South Africa, SPT Telecom (Czech Republic), MATAV (Hungary) and Deutsche Telekom. From 1997 to 1999, Mr. Wolk was based in Hong Kong and played a key role in building Goldman Sachs’ Asian telecommunications mergers and acquisitions (M&A) effort. During this period, he led and executed transactions for clients including Chunghwa Telecom, Deutsche Telekom, Hanaro Telecom, Hongkong Telecom, Hutchison Telecom, NTT DoCoMo, PLDT, Singapore Telecom and SK Telecom. From 1999 to 2000, Mr. Wolk was based in New York and focused on the emerging telecom and Internet infrastructure sectors. Prior to Goldman Sachs, Mr. Wolk worked at Wasserstein, Perella & Co. in New York, where he focused on global telecommunications M&A transactions.

Mr. Wolk graduated magna cum laude in Political Science and Economics from Princeton University and earned an M. Phil with Honors in international economics and international relations from Cambridge University.








Stephen Wu
Managing Director
Asian Venture
Bellevue, Washington

Mr. Wu joined The Carlyle Group in March 2000 as a Managing Director of Carlyle’s Asian Technology Fund. He is based in Bellevue, Washington.

Prior to joining Carlyle, Mr. Wu worked for 11 years at Microsoft Corporation, where he held various positions in its Product Groups, Consulting and Sales divisions. His last post at Microsoft was as the Regional General Manager for Microsoft’s Consumer and Commerce Group, where he oversaw Microsoft’s businesses in Asia with Network Operators (NetOps), Microsoft’s online businesses (including MSN), as well as its Internet investments. In his work with NetOps, he directed the licensing of Microsoft’s technology for the development of broadband, wireless and satellite Internet and data services, enabling the launch of numerous major broadband, dial-up and mobile online services and pioneering Microsoft’s annuity and revenue-sharing business models. As the General Manager for Microsoft’s Consumer Group businesses in Asia, Mr. Wu established Microsoft’s MSN online business in Asia, launching the MSN network across Asia in nine countries, as well as numerous co-branded, mobile and broadband portals. With regional profit and loss responsibility, he oversaw all elements of business operations across advertising sales, media programming, marketing and data center operations. Mr. Wu was also responsible for Microsoft’s strategic Internet investments in Asia, totaling more than $400 million in equity and warrants in 1999 alone. Notable examples of these investments include broadband ISPs—Thrunet (Korea), Gigamedia (Taiwan) and, the second largest wireless operator in Korea, KT Freetel. He was also responsible for the development of strategic joint venture investments across the region.

Mr. Wu has nearly two decades of experience in high technology and business consulting, and holds undergraduate and postgraduate degrees in Computer and Systems Engineering from Boston University.








Xiang-Dong (X.D.) Yang
Managing Director
Asian Buyouts
Hong Kong

X.D. Yang is a Managing Director of The Carlyle Group, where he focuses on Asian investment opportunities. He is based in Hong Kong.

Prior to joining Carlyle in March 2001, Mr. Yang spent nine years at Goldman Sachs, most recently as a Managing Director, co-head of private equity investments for Asia ex-Japan and a member of Goldman’s Asia Operating Committee. Mr. Yang has led a number of prominent private equity deals in Asia including Goldman’s investments in Kookmin Bank of Korea, China Netcom Corporation and Pihana Pacific.

A native of the People’s Republic of China, Mr. Yang earned his B.A. and M.B.A. from Harvard University.




Glenn A. Youngkin
Managing Director
European Buyouts
London, England

Mr. Youngkin is a Managing Director of The Carlyle Group. Based in the firm’s London office, he heads Carlyle’s European buyout operation in the UK.

Prior to joining Carlyle in August 1995, Mr. Youngkin was a management consultant with McKinsey & Company, where he worked on a variety of strategic and operating issues in the energy, consumer product and healthcare industries. Prior to joining McKinsey, Mr. Youngkin was with CS First Boston’s Natural Resource Group, where he structured and executed both M&A transactions and capital market financings.

Mr. Youngkin is a graduate of Rice University and received his M.B.A. from the Harvard Business School where he was a Baker Scholar.




Gregory M. Zeluck
Managing Director
Asian Buyouts
Hong Kong

Mr. Zeluck is a Managing Director of The Carlyle Group and is focused on the Greater China region, with an emphasis on the electronics manufacturing sector. He is based in Hong Kong.

Prior to joining Carlyle in 1998, Mr. Zeluck served in a variety of merchant banking and Asian corporate financing positions with Lehman Brothers from 1985 to 1997, and with Merrill Lynch from 1997 to 1998. From 1985 through 1995, Mr. Zeluck was a member of Lehman Brothers’ Merchant Banking Fund and its Financial Sponsors Coverage Group. From 1995 through 1997, Mr. Zeluck covered Taiwan for Lehman Brothers, and from 1997 to 1998 was a member of Merrill Lynch’s high yield origination team in Asia.

Mr. Zeluck graduated magna cum laude in East Asian Studies from Princeton University and speaks Mandarin Chinese.








Michael J. Zupon
Managing Director
US High Yield Group
New York, New York

Mr. Zupon is a Managing Director of The Carlyle Group and a member of the U.S. High Yield Team based in New York. He has more than 15 years of investment banking experience originating, structuring, syndicating and managing leveraged loans, high yield debt and leveraged equity.

Prior to joining Carlyle in March 1999, Mr. Zupon was with Merrill Lynch, where he served as a Managing Director responsible for its loan and high yield bond underwriting business on behalf of its Financial Sponsors Group. Mr. Zupon’s prior experience was with NationsBank Capital Markets, Inc. as Managing Director and head of Leveraged Loans and with the Canadian Imperial Bank of Commerce as Vice President and Team Leader of its Acquisition Finance Group.

Mr. Zupon earned a B.S. degree in Business from Miami University of Ohio.