Co-Founder and Senior Managing Director of Cerberus Capital Management

Mr. Richter co-founded Cerberus Capital Management with Mr. Feinberg in 1992. Since 1982, he has been President of Richter Investment Corp., a merchant bank, which from 1989 to 1999 owned and operated an NASD broker-dealer. From 1970 to 1982, he was Chairman of Nexus Industries, Inc., a company traded on the American Stock Exchange. Mr. Richter is a graduate of Harvard College and received his MBA from Harvard Business School.