Gerald B. Smith was appointed to the audit committee in April 1994. He is chairman and chief executive officer and co-founder of Smith, Graham & Company Investment Advisors, a global investment management firm, which was founded in 1990. He is a member of the board of trustees of Charles Schwab Family of Funds; a director and member of the audit committee of Cooper Industries; and a director of the Fund Management Board of Robeco Group, Rorento N.V. (Netherlands). He served as a director of Pennzoil-Quaker States and was a member of the audit committee and executive committee of its board until October 2002.