Wayne S. Doran, 72, has served as a trustee of the Company since October 1999. He retired in the fall of 2000 as a Vice President of Ford Motor Company ("Ford") and Chairman of the Board of Ford Motor Land Services Corporation ("Ford Land"), a wholly-owned real estate subsidiary of Ford. Mr.
Doran joined Ford in 1969 and became Chief Executive Officer of Ford Land when it was formed in 1970. Before joining Ford, Mr. Doran served as Vice President and General Manager of the land development division of Del E. Webb Corporation, Chicago, from 1963 to 1969. He is a trustee of the Urban Land Institute and a director of the Detroit Metropolitan Wayne County Airport Commission. He is a director of the Arizona State University Foundation, Arizona State University Research Park, Barrow Neurological Foundation, and the PGA TOUR Golf Course Properties. He is a member of the Board of Governors of Berry College, Rome, Georgia and is a board member for the Henry Ford Health System. Mr.
Doran is the Chairman of the Strategic Planning Committee of the Board of Trustees and serves as the lead trustee among the independent members of the Board of Trustees. He also serves on the Executive Committee of the Board of Trustees. Mr.
Doran is a Class II Trustee.
Aronowitz, Celeste, Doran
, Gross, O'Brien, Overly, and Williams
are trustees that meet the independence requirements of the NYSE
. The Board of Trustees has made such a determination based on the fact that none of the listed persons have had, or currently have, any material relationship with the Company that would currently impair their independence, including, without limitation, any commercial, industrial, banking, consulting, legal, accounting, charitable, or familial relationship. A majority of the trustees on the Board of Trustees satisfied the independence requirements of the NYSE during fiscal year 2008.