Pzena Investment Management, LLC

Pzena Investment Management's Executive Committee: Rama Krishna, John Goetz, Rich Pzena, and Bill Lipsey

Richard S. Pzena – Mr. Pzena is the Founder and Co-Chief Investment Officer at the firm. He is the architect of the firm’s investment strategy and conceived and developed our proprietary screening model. He serves as co-portfolio manager on each of the firm’s domestic investment strategies and is a member of the firm’s Executive Committee. Prior to forming Pzena Investment Management in 1995, Mr. Pzena was the Director of U.S. Equity Investments and Chief Research Officer for Sanford C. Bernstein & Company. He joined Bernstein in 1986 as an oil industry analyst and was named to the Institutional Investor All America Research Team from 1988-1990. During 1990 and 1991, Mr. Pzena served as Chief Investment Officer, Small Cap Equities, and assumed his broader domestic equity role in 1991. Prior to joining Bernstein, Mr. Pzena worked for the Amoco Corporation in various financial and planning roles. He earned a BS summa cum laude and an MBA from the Wharton School of the University of Pennsylvania in 1979 and 1980, respectively.

John P. Goetz – Mr. Goetz is a Managing Principal and Co-Chief Investment Officer at the firm. He was the Director of Research from 1996 through 2005, responsible for building and training the research team. He currently serves as co-portfolio manager on each of the firm’s investment strategies and is a member of the firm’s Executive Committee. Prior to joining Pzena Investment Management in 1996, Mr. Goetz held a range of key positions at Amoco Corporation for over 14 years, his last as the Global Business Manager for Amoco’s $1 billion polypropylene business where he had bottom-line responsibility for operations and development worldwide. Prior positions included strategic planning, joint venture investments, and project financing in various oil and chemical businesses. Before joining Amoco, Mr. Goetz had been employed by The Northern Trust Company and Bank of America. He earned a BA summa cum laude in Mathematics and Economics from Wheaton College in 1979 and an MBA from the Kellogg School at Northwestern University in 1982.

A. Rama Krishna, CFA – Mr. Krishna is a Managing Principal and Portfolio Manager of International Value and Global Value at the firm. He led the development of the firm’s international and global strategies and is a member of the firm’s Executive Committee. Prior to joining Pzena Investment Management in 2003, Mr. Krishna was at Citigroup Asset Management where he was Chief Investment Officer and Head – Institutional & International, and a member of the Citigroup Management Committee. Prior to joining Citigroup, Mr. Krishna was Director of International Equity Research, Portfolio Manager, International Equities and Chief Investment Officer, Emerging Markets Equities at Alliance Capital Management in New York, London, and Tokyo. Prior to that, he worked at Credit Suisse First Boston, first as an Equity Research Analyst, and ultimately as Chief Investment Strategist and Director – Equity Research. Mr. Krishna earned a joint MBA/MA in Asian Studies with a Japan Specialization from the University of Michigan in 1987, and a BA (Honors) in Economics from St. Stephen’s College, The University of Delhi in 1984. Mr. Krishna received the Prize Fellowship in Japanese Business and the University Fellowship at the University of Michigan. He is a Chartered Financial Analyst.

William L. Lipsey – Mr. Lipsey is a Managing Principal and Head of Marketing and Client Services at the firm. He helped develop the firm’s business plan in 1996 and joined in early 1997 to oversee business development and client service activities. Mr. Lipsey is a member of the firm’s Executive Committee. Before joining Pzena Investment Management, Mr. Lipsey was an Investment Advisory Consultant and a Senior Vice President at Oppenheimer & Company, Inc. Prior to joining Oppenheimer, Mr. Lipsey’s career included positions at Morgan Stanley, Kidder Peabody, and Hewitt Associates. At Morgan Stanley and Kidder Peabody, Mr. Lipsey served as a portfolio manager in these firms’ private client groups, managing assets for institutional and private clients. As a Consultant at Hewitt Associates, he helped clients set investment policy and strategy for their pension and profit sharing plans. He earned a BS in Economics from the Wharton School of the University of Pennsylvania in 1980 and an MBA in Finance from the University of Chicago in 1986.

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