BRUCE G. VEACO - Portfolio Manager/Analyst
    Bruce co-founded Focused Investors LLC in 2006. Prior to Focused Investors, Bruce spent nearly 20 years as part of the investment team at Pacific Financial Research (PFR) serving as a Principal, Portfolio Manager, and Chief Financial Officer. While at PFR, Bruce also was part of the portfolio management team that managed the Clipper and Clipper Focus funds. Bruce's professional experience also includes five years as a Certified Public Accountant in the Los Angeles office of Price Waterhouse where he was an Audit Manager.
    Bruce graduated summa cum laude from the University of California, Los Angeles with a BA degree in Economics and received his MBA degree from Harvard Business School.

NUGROHO (DÉDÉ) SOEHARTO - Portfolio Manager/Analyst
    Dédé joined Focused Investors in March 2008. Prior to Focused Investors, Dédé spent two years as a Partner at Saddle Peak Asset Management, LLC. In addition, Dédé spent nearly 20 years as part of the investment team at Pacific Financial Research (PFR) serving as a Principal and Portfolio Manager. While at PFR, Dédé also was part of the portfolio management team that managed the Clipper and Clipper Focus funds. Dédé's professional experience also includes one year at the Bank of Boston.
    Dédé received his BS degree in Chemistry from Bates College and his MBA degree from Babson College.

LAUREN WARSAVSKY - Analyst
    Lauren joined Focused Investors in September 2011. Prior to Focused Investors, Lauren spent two years as an investment banker at Houlihan Lokey in the Financial Restructuring Group. Lauren graduated magna cum laude from The Wharton School at the University of Pennsylvania with a BS degree in Economics, and was a Joseph Wharton Scholar and Benjamin Franklin Scholar.

MICHAEL KROMM - Chief Operating Officer/Chief Compliance Officer
    Michael joined Focused Investors in June 2008. Prior to Focused Investors, Michael spent two years at Roxbury Capital Management LLC as its Chief Compliance Officer (CCO) and Director of Financial Controls. Prior to that he spent 16 years at Pacific Financial Research serving as its Operations Manager and as the Secretary, Treasurer, and CCO of the Clipper Fund. Michael started his professional career as a certified public accountant.
    Michael received his BA degree in Business Administration from the Philadelphia College of Textiles and Science and his MBA from Golden Gate University.

BEVERLY C. TECSON - Operations Manager
    Beverly joined Focused Investors in August 2006. Prior to Focused Investors, Beverly spent a year at Pacific Financial Research (PFR) within the Client Communications department. Prior to PFR, she spent two years at Oakwood Capital Management LLC as a Client Services and Marketing associate.
    Beverly received her BA degree in Business Administration from Loyola Marymount University.

JAMES H. GIPSON
    In his role as Senior Advisor, Jim brings his extensive investment management experience to Focused Investors. Jim founded Pacific Financial Research in 1980 and served as its President until his retirement at the end of 2005. Jim also served as Chairman of the Clipper Fund. Prior to PFR, Jim was a Portfolio Manager at Source Capital Co. and at Batterymarch Financial. Jim authored Winning the Investment Game: A Guide for All Seasons.
    Jim received his BA and MA degrees in Economics with honors from the University of California, Los Angeles, and his MBA degree with honors from Harvard Business School.