Mr. Budd joined Cerberus in 2007. Prior to joining Cerberus, from 2001 to 2007, Mr. Budd was a founding member and a Principal of Marotta Gund Budd & Dzera, LLC, a nationally recognized turnaround management firm. From 1995 to 2000, Mr. Budd was an Executive Vice President and Chief Restructuring Officer at Metallurg, Inc. Prior to that, he worked at Cityscape Financial from 1994 to 1995 as an Executive Vice President and was member of the board, and from 1992 to 1994 he was a Managing Director at ZolfoCooper, LLC. From 1990 to 1992, Mr. Budd was CEO of Euram Management, Inc., a US subsidiary of ABN AMRO Bank NV, established to manage US distressed real estate investments. From 1984 to 1990, Mr. Budd served as Executive Vice President at the European American Bank. From 1980 to 1982, Mr. Budd served as an executive for the Bank of Boston. Mr. Budd is a graduate of Rider University.