Tuesday, OCTOber 30, 2012

Mr. Ackman is the chief executive officer and portfolio manager of Pershing Square Capital Management, L.P., an SEC registered investment adviser founded in 2003.  Pershing Square is a concentrated research-intensive fundamental value investor in long and occasionally short investments in the public markets, typically focusing on large-cap and mid-cap companies.

Prior to forming Pershing Square, Mr. Ackman co-founded Gotham Partners, L.P., a public and private equity investment partnership. Prior to Gotham Partners, Mr. Ackman began his career in real estate investment banking at Ackman Brothers & Singer, Inc. Mr. Ackman received an M.B.A. from the Harvard Business School and a B.A. magna cum laude from Harvard College.

Mr. Ackman’s board memberships include chairman of The Howard Hughes Corporation (NYSE: HHC), JCPenney (NYSE: JCP), Justice Holdings Limited (LSE: JUSH), the board of dean’s advisors of the Harvard Business School and a number of not-for-profit boards including the Pershing Square Foundation, a charitable foundation that he founded in 2007.