NAVAL WAR COLLEGE FOUNDATION BOARD OF TRUSTEES LEADERSHIP Philip M. Bilden Chairman Philip Bilden is a retired Senior Advisor with over 20 years of service to HarbourVest Partners, a leading global private equity investment firm. Mr. Bilden joined HarbourVest Partners in 1991 in Boston and relocated to Hong Kong in 1996 to establish the firm’s Asia Pacific business, HarbourVest Partners (Asia) Limited, which he managed for 15 years. In 2011, Philip received the Asia Venture Capital Journal Special Achievement Award, which recognizes an Asian private equity professional who has had a distinguished career over at least one decade in promoting and assisting the growth of the Asian private equity and venture capital industry. Philip has served on the advisory boards of several international private equity partnerships, including funds managed by Archer Capital, Bain Capital Asia, Brait Capital Partners, Castle Harlan Australian Mezzanine Partners (CHAMP), KKR Asia, Olympus Capital, Pacific Equity Partners, TPG Asia and Unitas Capital. He serves as the inaugural Chairman of the Asia Advisory Council for the Emerging Markets Private Equity Association (EMPEA). Philip received a BS in Foreign Service (magna cum laude) from Georgetown University in 1986 and an MBA from Harvard Business School in 1991. Philip serves on the Board of Visitors of Georgetown University’s School of Foreign Service, the Asia Pacific Advisory Board of Harvard Business School, and the Board of Directors of the United States Naval Academy Foundation. In addition to educational philanthropy, Philip is active in several philanthropic and non-profit organizations including: No Greater Sacrifice, Advisory Board; Rhode Island Arts Foundation at Newport, Inc., Board Member; International Yacht Restoration School, Advisory Council; Newport Historical Society (former Trustee); The Naval War College Foundation Vice Chairman; Hope Funds for Cancer Research; Aquidneck Island Land Trust; and Save the Bay. Philip is married to Patricia Bilden, a retired physician (Dermatology), and has three children. Daniel E. Holland III Vice Chairman and Treasurer Dan Holland is a managing director in the Investment Management Division in Boston, where he serves as region head for the firm's Private Wealth Management (PWM) business in New England. Previously, he had responsibility for the Global Securities Services (GSS) business in the Boston region, responsible for Prime Brokerage, Capital Introduction and Relationship Management with hedge fund clients. Before that, he was co-manager of Prime Brokerage Sales in New York and managed Fixed Income Prime Brokerage. Prior to joining GSS in 2001, Dan was in the Fixed Income, Currency and Commodities (FICC) Division, where he headed the Institutional Client Services, Dealer Sales and PWM Sales trading teams. From 1999 to 2000, he was chief operating officer of FICC North American Sales. Dan joined Goldman Sachs in 1987 as a Fixed Income Sales generalist in Boston. He became co-resident manager of the Boston office and head of FICC in Boston in 1997. Dan was named managing director in 1999. Dan served in the U.S. Navy as lieutenant, surface warfare officer from 1981 to 1985 and in the U.S. Naval Reserve as an intelligence officer from 1986 to 1990. Dan earned an MBA from the Wharton School of the University of Pennsylvania in 1987 and a BA in Economics from Boston College in 1979. He serves on the board of the New England Center for Homeless Veterans and is on the advisory boards of both the Boston College CaiToll School of Management and the Center for Asset Management at Boston College. Dan and his wife, Deborah, have four children and live in Sherborn, Massachusetts. Nancy Cushing-Evans Secretary Nancy Cushing-Evans is the Former Chairman, CEO, and President of Squaw Valley Ski Corporation, as well as General Counsel. She received degrees from the University of South Carolina Law School, Columbia, South Carolina: J.D.; Harvard Law School, Cambridge, Massachusetts: S.S.; University of Colorado, Boulder, Colorado: B.A.; Masters School, Dobbs Ferry, New York; and Tuxedo Park School, Tuxedo Park, New York. She was admitted to the Bar in California, Massachusetts, and New York. She has been a member of The Board of the Tahoe Forest Hospital Foundation; The Excellence in Education Foundation; The Squaw Valley Community of Writers; and The Squaw Valley Council, a non-profit community group. Prior to Squaw Valley, Mrs. Evans worked in private practice as an attorney in New York, focusing on corporate matters. Mrs. Evans served as Member of the Corporation of the Woods Hole Oceanographic Institution for 29 years, as well as having worked for the United Nations at the Law of the Sea Conferences in Committee III, which dealt with international environmental matters and scientific research. MEMBERS Stephanie M. Bennett-Smith, Ph.D. Stephanie is an academic administrator. She graduated with honors and has a master's degree in English from the University of New Mexico and a doctorate in American civilization from the University of Iowa. She was a Ford Foundation fellow, 1963-1965, Earhart Foundation fellow, 1974, National Endowment of the Humanities summer fellow, 1975, program grantee Xerox, International Business Machines Corporation, 1978. Education - Bachelor, University New Mexico, 1963. Master of Arts, University New Mexico, 1966. Doctor of Philosophy, University Iowa, 1973. Instructor Loretto Heights College, Denver, 1967-1968. Assistant professor Albion (Michigan) College, 1968-1976. Dean Westhampton College, University Richmond, Virginia, 1976-1984. President Centenary College, Hackettstown, New Jersey, since 1984. President Southern Association Colleges for Women, 1981- 1982. State coordinator Virginia (Women Administrators Program), 1983- 1984. Board directors, executive committee Virginia Women's Cultural History Project, Richmond, 1983-1984. Treasurer Indiana College Fund New Jersey, 1987-1989, vice president, 1989-1990, president, 1991-1992. Board directors United Jersey Bank Northwest. Duncan A. Chapman Duncan serves as a partner at Lexington Partners L.P. He joined Lexington Partners on March 23, 2004. He is primarily engaged in management of Lexington’s operations and origination and evaluation of equity co-investments and secondary purchases of private equity and alternative investments. He has been a Principal at Butler, Chapman & Co. Mr. Chapman served as the President at Butler, Chapman & Co. L.L.C., which he co-founded in 1991. He was a Senior Investment Banker of Lehman Brothers Inc. Prior to that, he served as a Senior Vice President in Investment Banking at Lehman Brothers, where he concentrated on merger and acquisition and leveraged buyout transactions for domestic and international clients in the retail, textiles, and department store segments. He served as a Director of Pathmark Stores, Inc., SMG-II Holding Corporation, and PTK Holdings, Inc. Mr. Chapman served as a Director at Trident Rowan Group Inc. until resigning on April 19, 2002. Mr. Chapman served as a Director of Supermarkets General Holdings Corporation since 2000. He holds a BA. in Economics from Columbia University. Duncan Cocroft Duncan currently serves on the board of directors of SBA Communications and GEO Specialty Chemicals. SBA an owner and operator of 31,000 wireless communication towers. He is Chairman of the Audit Committee and member of the Compensation Committee. GEO is a privately-owned specialty chemical company. Mr. Cocroft’s corporate experience included Executive Vice President, Finance and Treasurer of Cendant Corporation, a $19 billion consumer and business services company, including real estate, mortgage banking, leasing, car rental, and travel services; Senior Vice President - Chief Administrative Officer of Kos Pharmaceuticals; and Chief Financial Officer of International Multifoods a $2.5 billion international food company. Mr. Cocroft also served in financial positions at Smithkline Beckman, Marriott Corporation, and Citibank. His military service was as a 1st Lieutenant in the 1st Battalion, 509th Airborne Infantry. (Updated as of 8 Fe19) The Honorable Michael Coulter Michael is the senior vice president for international strategy and business development at DRS Technologies, Inc. Michael brings diverse experience from a career in government, industry, and military service. From 2010 to 2013, Michael worked for General Dynamics (GD), where he most recently led the corporation's international business efforts. He joined GD after a career in the U.S. government, as a member of the Senior Executive Service at the Department of Defense. Michael served as assistant secretary of defense (acting), principal deputy assistant secretary of defense for international security affairs, and principal deputy for strategic plans and policy on the Joint Staff. Before his time at the Pentagon, Michael served at the Department of State as deputy assistant secretary of state for political-military affairs, coordinator for coalition operations, and foreign policy advisor to the commanding general of Operation Enduring Freedom in Afghanistan. He began his government career on Capitol Hill, working national security and foreign and military policy for former Sens. John Warner, R-VA., and Chuck Hagel, R-NE., the former Secretary of Defense. A reserve officer in the U.S. Navy with multiple combat tours and experience in the Middle East, Europe, Asia and Africa, Michael, in his military capacity, currently advises the vice chairman of the Joint Chiefs of