Mr. Newton is Timucuan’s Chairman. He has been responsible for directing the investment activities of the Newton family since 1981. These duties have included the development of the investment strategy, the establishment of capital allocation policies and the supervision of the investment program. Mr. Newton formed Timucuan Asset Management in 1988 to answer requests for investment services from outside the Newton family. He also serves as the General Partner of the Timucuan Fund, L.P., which he formed in 1990. Prior to 1981, Mr. Newton was employed as a public accountant by Peat Marwick Mitchell & Company in New York City. Mr. Newton attended the Graduate School of Business Administration, New York University, and received a B.A. in Government and Economics from Bowdoin College.