Frank H. Pearl (Washington, D.C.), Chairman and Chief Executive Officer of Perseus, founded the firm in 1995 and founded Rappahannock Investment Company, the predecessor of Perseus, in 1991. Mr. Pearl has been involved for over 25 years with investing in buyout, distressed, and growth equity transactions in the United States, Canada, and Western Europe. In particular, Mr. Pearl has focused on investments in the following industry verticals: healthcare and life sciences; energy, environmental, and engineering technologies; and branded consumer product companies. Mr. Pearl practiced law in the District of Columbia and New York from 1969 until 1984. In 1984, Mr. Pearl joined Wesray Capital Corporation as a principal and managing director and in that capacity was involved in negotiating, structuring, and supervising numerous successful corporate acquisitions and divestitures. During this period, Mr. Pearl was a principal with substantial responsibility for over a dozen operating companies, including Wilson Sporting Goods, Avis Rent-a-Car, and Western Auto Supply. Mr. Pearl serves as chairman of the Jennie Zoline Foundation, a private foundation that he established in 1987 to be operated for scientific, literary, educational, and other purposes. Mr. Pearl has served as a member of the Board of Trustees of The John F. Kennedy Center for the Performing Arts, the Rockefeller University, and The Brookings Institution. Mr. Pearl is currently a member of the Board of Directors of the Institute for International Economics, a member of the Council on Foreign Relations, and is a participating member of the American Friends of Bilderberg. Mr. Pearl serves as a Board member of the following Perseus portfolio companies: Perseus Books, L.L.C. (Chairman), Workflow Management, Inc., and The Vehicle Production Group LLC.