Mr. Araskog was the chief executive and chairman of ITT Corporation for 18 years until his retirement in 1998 and he was the catalyst in its separation into three publicly traded companies.  Mr. Araskog has also worked with Honeywell, Inc. and the office of the Secretary of Defense.  He was appointed by President Ronald Regan as chairman of the National Security Telecommunications Advisory Committee. He was a long time member of the Council of Foreign Relations and served two terms each on the Board of the New York Stock Exchange and the Federal Reserve Bank of New York during the time period of         1988 – 1994 when the U.S. financial system managed significant upheavals.  Mr. Araskog was named an officer in the French Foreign Legion of Honor in 1987.  He has also been awarded the Order of Merit of the Republic of Italy by the president of Italy, and the Order General Bernardo O’Higgins by the president of Chile.  He is a former director of Target, Royal Dutch Shell, Dow Jones, Rayonier, Hartford, and Cablevision Systems.  Mr. Araskog graduated from the US Military Academy, West Point, and studied at the Harvard Graduate School of Arts and Sciences.  He was awarded an honorary Doctorate of Humane Letters by Hofstra University in 1990.  He and his wife, Jessie, reside in Palm Beach, New York City, and Southampton.