Mr. Warren G. Lichtenstein heads Steel Partners, a successful activist hedge fund based in New York City. Under his able guidance, Steel Partners has invested in more than 100 companies, mostly in the United States and Japan. The company also has plans to set up offices in other parts of the world. Mr. Lichtenstein is famous as a demanding investor and exercises shareholder rights whenever he feels necessary. He has a son and lives in Aspen, Colorado. Mr. Lichtenstein attended Tulane University and graduated from the University of Pennsylvania. He is also known for his active efforts to increase transparency and corporate governance levels of publicly listed firms.

He has been the chairman of the board, secretary and the managing member of Steel Partners, L.L.C., the general partner of Steel Partners II, L.P. ("Steel"), a private investment partnership, since January 1, 1996 and the president, chief executive officer and a director of Steel Partners, Ltd. ("SPL"), a management and advisory company that provides management services to Steel and its affiliates, since June 1999. Mr. Lichtenstein has been a director of United Industrial Corporation (UIC), a company that concentrates on the design, production and support of defense systems and is a manufacturer of combustion equipment for biomass and refuse fuels, since May 2001. At present, he is the chairman of the board. Mr. Lichtenstein has also been a director of Layne Christensen Company, a provider of products and services for the water, mineral, construction and energy markets, since January 2004.

Since 2005, Mr. Lichtenstein has been a director of BKF Capital Group, Inc., the parent company of John A. Levin & Co., an investment management firm. He has served as chairman of the board of WHX Corporation, a holding company, since July 2005. He was also a director of WebFinancial Corporation. Receiving the highest number of votes, Mr. Lichtenstein was also elected to the board of directors of KT&G Corporation in South Korea. In his characteristic way, he asserted that he had never been a passive investor or director and will not be passive on the KT&G board of directors.