Lenard Tessler

Lenard B. Tessler joined the Cerberus Capital Management, L.P. in 2001. He is a Managing Director. Prior to joining the Cerberus Companies, Mr. Tessler served as managing partner of TGV Partners, a private equity firm that he founded. Mr. Tessler served as Chairman of the Board of Empire Kosher Poultry, Inc. from 1994 to 1997, after acting as its President and Chief Executive Officer from 1992 to 1994. Before founding TGV Partners, Mr. Tessler was a founding partner of Levine, Tessler, Leichtman & Co., a leveraged buy-out firm formed in 1987. From 1982 to 1987, he was a founder, director and Executive Vice President of Walker Energy Partners, and he subsequently acted as an independent financial consultant to financially troubled companies in the oil and gas industry. Prior thereto, Mr. Tessler practiced accounting in New York specializing in tax. Mr. Tessler serves as a member of the board of directors of GMAC LLC, Chrysler LLC, LNR Property Holdings Ltd., NewPage Holding Corporation and NewPage Corporation. Mr. Tessler is a 1973 graduate of the University of Miami. He received his M.B.A. in 1975 from Farleigh Dickenson University.