Michael E. Herman

President, Herman Family Trading Company

Michael E. Herman has served as a member of our board of directors since September 2003. Mr. Herman has previously served as President of the Kansas City Royals Baseball Club. He also served as Chairman of the Finance and Investment Committee of the Kauffman Foundation, and was its President for five years. Mr. Herman served 16 years as the Executive Vice President and Chief Financial Officer of Marion Laboratories. Mr. Herman is a director of Senomyx, Inc. and also is a Trustee of Rensselaer Polytechnic Institute and the University of Chicago Graduate School of Business. Mr. Herman holds a B.S. in metallurgical engineering from Rensselaer Polytechnic Institute and an M.B.A. from the University of Chicago.