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Corporate Officers of Doral Financial Corporation
GLEN WAKEMAN Chief Executive Officer, President
Glen R. Wakeman has served as President, Chief Executive Officer and Member of the Board of Directors of Doral Financial Corporation ('Doral Financial') since August 2006. Mr. Wakeman is President of Doral Bank since October 2008. Mr. Wakeman served as President and Chief Operating Officer of Doral Financial from May 2006 to August 2006. Mr. Wakeman served as Chief Executive Officer of General Electric Consumer Finance Latin America from 1999 to 2006.
ENRIQUE R. UBARRI-BARAGANO Executive VP, General Legal Counsel and Chief Compliance
Experience: Vice President and General Counsel, Triple-S Management Corporation
Senior Vice President, Secretary of the Board of Directors,
Director of Compliance, Santander BanCorp.
CHRISTOPHER C. POULTON Executive VP, Chief US Operations Officer
Christopher C. Poulton has served as Executive Vice President and Chief US Operations Officer of Doral Financial Corporation. Previously he was employed in various positions at GE Money (formerly known as GE Consumer Finance) from 1993 to May 2007 including Vice President—Business Development.
ROBERT E. WAHLMAN Executive VP, Chief Financial and Investment
Robert E. Wahlman has served as Executive Vice President and Chief Financial and Investment Officer of Doral Financial Corporation since March 2009. Previously he served from June 2007 to February 2009 as U.S. Bank Group, Chief Financial Officer of Merrill Lynch & Co. Mr. Wahlman also served as Merrill Lynch Bank USA Chief Financial Officer from June 2005 to June 2007 and prior to that appointment, he served as Merrill Lynch Bank and Trust Chief Financial Officer from June 2003 to June 2005. From January 2001 to June 2003, Mr. Wahlman worked as U.S. Bank Group Controller for Merrill Lynch and Co. Before Merrill Lynch & Co., Mr. Wahlman was with CIGNA Corporation as Controller and Chief Accounting Officer of Cigna’s four life insurance subsidiaries from September 1998 to January 2001.
Board of Directors
JAMES E. GILLERAN Lead Director
James E. Gilleran has served as Director of Doral Financial Corporation (the 'Company') since December 2007. Mr. Gilleran is Management Consultant since May 2007. Mr. Gilleran served as President and Chief Executive Officer of Federal Home Loan Bank of Seattle from May 2005 to April 2007. Mr. Gilleran served as Director of the Office of Thrift Supervision from December 2001 to April 2005. Mr. Gilleran was Chairman and CEO of the Bank of San Francisco from October 1994 until December 2000. Mr. Gilleran was Superintendent of Banks for the State of California from 1989 to 1994. Mr. Gilleran is Member of the Bar in California and Washington, DC. Mr. Gilleran is a Certified Public Accountant in California and North Carolina.
DENNIS G. BUCHERT
Dennis G. Buchert has served as Director of Doral Financial Corporation (the "Company") since October 2006. Mr. Buchert was Chairman of the Board of the company from January 2007 to July 2007. Mr. Buchert is President of Whitehall Associates since 2005. Mr. Buchert served as Chief Executive Officer of Crédit Agricole Indosuez (US) from 2003 to 2004. He served as President and Chief Executive Officer of IBJ Whitehall Bank & Trust Company, N.Y. from 1997 to 2002 and was Executive Vice President of IBJ Whitehall Bank & Trust Company, N.Y. from 1994 to 1997.
DOUGLAS L. JACOBS
Self-employed investor since 2003. Executive Vice President and Treasurer for FleetBoston Financial Group from 1995 to 2003. His career began at Citibank in 1972, where he ultimately assumed the position of Division Executive for the Investment Banking Group’s MBS Group. Mr. Jacobs’ other directorships include Fortress Investment Group LLC (a publicly traded company) from 2007 to the present, Clear Channel Outdoor Holdings (a publicly traded company) from 2010 to present, and American General Financial Services (a private company) from 2010 to the present. Previous directorships include ACA Capital Holdings, Inc. (formerly a publicly traded company) from 2004 to 2008 and Global Signal, Inc (formerly a publicly traded company) from 2004 to 2007.
Our Board of Directors believes that Mr. Jacobs’ management and directorship experience with other financial institutions and public companies, including his position as Treasurer of FleetBoston Financial Group, provide our Board of Directors and the Company access to an individual with a significant experience in corporate governance, investment and financial reporting matters, accounting matters, risk management, and mortgage banking. This body of experience provide him a framework to help our Board of Directors address the complex challenges which financial institutions and public companies such as the Company face. Mr. Jacobs serves on the Audit Committee of three publicly traded companies. The Board of Directors evaluated and determined that Mr. Jacobs’ simultaneous service on the three audit committees did not impair his ability to effectively serve on the Doral Financial Corporations’s Audit Committee.
DAVID E. KING
David Edward King has served as Director of Doral Financial Corporation since July 2007. Mr. King is Senior Managing Director of Culpeper Capital Partners, a company he founded in 2011. Prior to his current position, Mr. King served as Senior Managing Director at Irving Place Capital from 2008 to 2010 and at Bear Stearns Merchant Banking from 2001 to 2008.
GERARD L. SMITH
Gerard L. Smith has served as a Director of Doral Financial Corporation since June 2008. Mr. Smith is Private Consultant since 2006. Mr. Smith served as Managing Director in charge of Bank Mergers and Acquisitions at Credit Suisse from 1998 to 2006. Mr. Smith was one of the three Founding Members of the Financial Institutions Group at Salomon Brothers from 1976 to 1985. He also served as Head of the UBS Bank Group from 1995 to 1998.
GLEN WAKEMAN
Glen R. Wakeman has served as President, Chief Executive Officer and Member of the Board of Directors of Doral Financial Corporation ('Doral Financial') since August 2006. Mr. Wakeman is President of Doral Bank since October 2008. Mr. Wakeman served as President and Chief Operating Officer of Doral Financial from May 2006 to August 2006. Mr. Wakeman served as Chief Executive Officer of General Electric Consumer Finance Latin America from 1999 to 2006.
Glen R. Wakeman has served as President, Chief Executive Officer and Member of the Board of Directors of Doral Financial Corporation ('Doral Financial') since August 2006. Mr. Wakeman is President of Doral Bank since October 2008. Mr. Wakeman served as President and Chief Operating Officer of Doral Financial from May 2006 to August 2006. Mr. Wakeman served as Chief Executive Officer of General Electric Consumer Finance Latin America from 1999 to 2006.
Christopher C. Poulton has served as Executive Vice President and Chief US Operations Officer of Doral Financial Corporation. Previously he was employed in various positions at GE Money (formerly known as GE Consumer Finance) from 1993 to May 2007 including Vice President—Business Development.
Robert E. Wahlman has served as Executive Vice President and Chief Financial and Investment Officer of Doral Financial Corporation since March 2009. Previously he served from June 2007 to February 2009 as U.S. Bank Group, Chief Financial Officer of Merrill Lynch & Co. Mr. Wahlman also served as Merrill Lynch Bank USA Chief Financial Officer from June 2005 to June 2007 and prior to that appointment, he served as Merrill Lynch Bank and Trust Chief Financial Officer from June 2003 to June 2005. From January 2001 to June 2003, Mr. Wahlman worked as U.S. Bank Group Controller for Merrill Lynch and Co. Before Merrill Lynch & Co., Mr. Wahlman was with CIGNA Corporation as Controller and Chief Accounting Officer of Cigna’s four life insurance subsidiaries from September 1998 to January 2001.
