Peter J. Prygelski was appointed as a director of the Company in January 2004. Mr. Prygelski is a Certified Internal Auditor with twelve years in the internal audit department of American Express where he was most recently the Director/Assistant General Auditor of American Express Centurion Bank. As such Mr. Prygelski managed the company‚s audit activities and managed a staff of 12 audit professionals and an annual department budget of $2.5 Million. His responsibilities included preparing and implementing the company‚s annual audit plan; supporting the company‚s audit committee by communicating issues related to planning audit results plan status and integrated audit coverage; managing the relationships with senior management the external auditors and regulatory authorities; and proactively addressing risks and control gaps to ensure that the company maintained an adequate control system. |