CMS Board of Directors

Francois de St. Phalle

Francois de Saint Phalle has been a private equity investor, financial advisor and investment banker for more than thirty-five years. Most recently, he has been a consultant for Evercore Partners, an investment banking and corporate buyout firm in New York City. From 1989 to 2000 he was Chief Operating Officer and Vice Chairman of Dillon, Read & Co., Inc. before it was merged into UBS. In this capacity he was responsible for managing some 700 employees and for the oversight of the firm?’s capital commitments in debt and equity markets. Previously, Mr. de Saint Phalle worked for twenty-one years at Lehman Brothers. He was named a general partner of the firm in 1976 and at various points he managed the Corporate Syndicate Department, the Equity Division and co-headed the Corporate Finance Department. From 1985 to 1989 he served as Chairman of Lehman International, with a primary responsibility for developing a coordinated international finance strategy with American Express which had acquired Lehman in 1984. He was named to Lehman's Operating and Compensation Committees in 1980.

Mr. de Saint Phalle is a member of the Board of Visitors of Columbia College and Blackrock Kelso. He received his BA from Columbia, class of '68.

He is married to Susan Webb de Saint Phalle.

Fred H. Rohn

Fred is a retired senior partner and member of the Management Committee of Deloitte and Touche. He is also a general partner of the North American Venture Capital Funds. In addition to being a founding shareholder and member of the Board of Directors of Cornerstone Management Solutions he also serves on the boards of Pratt-Read Corporation (Connecticut), The Brunetti Organization (Old Bridge, NJ), Moretrench American Corporation (Rockaway, NJ) and The Newark Group, Inc. (Cranford, NJ). Besides having served on a number of New Jersey State boards, he was past president of the New Jersey Board of Certified Public Accountants. He is also the past Chairman of the New Jersey Historical Society, the former president of the Madison area YMCA and is the president of The Kucklinsky Foundation, in addition to being a trustee of a number of other non-profit organizations.

June, his wife, and he have been married for over fifty years and have four grown children.

Gregory E. Sacco, Jr.

Mr. Gregory E. Sacco, Jr. joined Lehman Brothers in June of 1967. He graduated from Georgetown University and The Stern Graduate School of Business, at New York University where he received his MBA in 1971. Mr. Sacco retired from Lehman Brothers in January 2000 as Vice Chairman. He ran the firms' global equity capital markets for 22 years.

He is a past member of the Board of Directors of Rumson Fair Haven Bank & Trust, in Fair Haven, New Jersey. Mr. Sacco is a former Board of Directors member of Norcrown Bank, in Livingston, New Jersey and a retired Board of Trustees member of the Canterbury School of New Milford, Connecticut.

Cornerstone Management Solutions, Inc.

47 W. River Road • Rumson, NJ 07760. Telephone – 732 933-8641