The Directed Account Plan Board of Directors is made up of three outside board members, two plan sponsor board members and two participant board members. One of the outside board member seats had been vacant and after conducting an extensive search, we are happy to announce that Jim Rich has been appointed to this position. Mr. Rich has recently retired from a career at IBM spanning over 24 years. Mr. Rich served as IBM Retirement Fund’s Chief Investment Strategist for over 19 years leading in the development of the strategic and tactical asset allocation for a $55 billion defined benefit plan and consulting on the defined benefit and defined contribution stragies of the plan’s $40 billion overseas retirement plans. Mr. Rich will make a strong contribution to the DAP Board with his high level investment management background and his keen interest in serving the Directed Account Plan’s participants.