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Mr. Ehlerman has served as Chairman of Yuasa Battery, Inc. (a leading manufacturer of motorcycle and sportscraft batteries) since 2000, as Chairman and CEO from October 2000 until October 2003, as Vice Chairman and CEO from 1998 until 2000, and as President and COO of Yuasa’s predecessor from 1991 until 1998. He has also served as a Director of Yuasa Corporation (Japan) since June 1998. Yuasa Corporation (Japan) is a subsidiary of GS Yuasa Corporation, a publicly held corporation which is headquartered in Japan and listed on the Tokyo Stock Exchange and the Osaka Stock Exchange. Mr. Ehlerman also served as Executive Vice President of Finance of Exide Corporation, one of the world’s largest publicly owned automotive and industrial battery manufacturers, and held other senior executive financial and accounting positions with Exide’s predecessor entities from 1977 to 1991. During his long career in finance and accounting, Mr. Ehlerman also served on the internal audit staff at General Electric Company and as assistant controller at United States Gypsum Company. Mr. Ehlerman was elected to Sovereign Bancorp’s Board in September 2002, and has served as a director of Sovereign Bank since January 2001.
In January 2007, Mr. Ehlerman was appointed non-executive Chairman of the Board of both Sovereign Bancorp, Inc. and Sovereign Bank; he was also appointed to preside over the executive sessions of the non-management members of the Board of Directors. | 