James H. Morgan has been a director since July 2000 and was elected Chairman of the Board of Directors in January 2005. Prior to that time Mr. Morgan served as Vice Chairman of the Board of Directors from March 2004 to January 2005. Since January 2001 Mr. Morgan has served as Chairman and Chief Investment Officer of Covenant Capital LLC (formerly Morgan Semones Associates LLC) an investment management firm which is the General Partner of The Morgan Crossroads Fund. Previously Mr. Morgan served as a consultant for Wachovia Securities Inc. a securities and investment banking firm from January 2000 to May 2001. From April 1999 to December 1999 Mr. Morgan was Chairman and Chief Executive Officer of Wachovia Securities Inc. Mr. Morgan was employed by Interstate/Johnson Lane an investment banking and brokerage firm from 1990 to 1999 in various capacities including as Chairman and Chief Executive Officer and led the transition during the merger of Interstate/Johnson Lane and Wachovia Corporation in 1999. |