Brian Hard

Brian Hard has been a Director of Penske Corporation since 2001, a $12 billion closely-held and diversified transportation services holding company. Penske Corporation's subsidiaries operate globally in a variety of segments, including retail automotive, truck leasing, transportation logistics, transportation component manufacturing, and high-performance racing. Hard became Director and President of Penske Truck Leasing, a $3.6 billion global company, in 1988. Penske Truck Leasing is a joint venture of Penske Corporation and General Electric Company, and is one of the leading global transportation services companies, employing approximately 18,000 people, operating more than 200,000 vehicles and serving customers from approximately 1,000 locations in the U.S., Canada, Mexico, South America and Europe. As President of Penske Truck Leasing, Hard is responsible for its overall business operations, including its financial condition and results of its operations. In addition to his many other duties as President of Penske Truck Leasing, Hard is responsible for oversight of its Chief Financial Officer and other senior accounting and financial officers, including indirect oversight of the preparation, analysis, and evaluation of its financial statements. Hard has also served as a director of the Reading Hospital and Medical Center since 1988, and as a Trustee of Franklin & Marshall College since July 2004. Hard was elected to Sovereign Bancorp's Board in November 1999, and has served as a director of Sovereign Bank since 1996.