UTIMCO Board of Directors

Member - UTIMCO Audit and Ethics Committee
Chairman/CEO - Hunt Building Corporation
Vice-Chairman of Board of Regents - The University of Texas System
President - The Cimarron Foundation
Member - El Paso Business Leadership Council
Member - Governor's Business Council/Executive Committee Member
Member - Greater El Paso Chamber of Commerce Foundation Board

J. Luther King, Jr. (Vice-Chairman)

Chair - UTIMCO Compensation Committee
Principal - Luther King Capital Management
Owner and Director - 4K Land and Cattle Company
Co-Owner - Reyrosa Ranch
Trustee - Texas Christian University
Director and Treasurer - Texas and Southwestern Cattle Raisers Foundation
Director - Southwestern Exposition and Livestock Show
Director - Several privately held companies
Former Chair and Board Member - Investment Council Association of America
Member of Investment Advisory Committee - Board of Trustees of the Employees Retirement System of Texas
Chartered Financial Analyst

Mark G. Yudof (Vice-Chairman for Policy)

Chancellor - The University of Texas System
Fellow - American Academy of Arts and Science
Member - American Law Institute
Member - Advisory Board of National Institute for Literacy

Susan M. Byrne

Member - UTIMCO Audit and Ethics Committee
Member - UTIMCO Compensation Committee
Member - UTIMCO Nominating Committee
Founder, Chairman and Chief Executive Officer - Westwood Holdings Group, Inc.
President - Westwood Funds
Trustee - City of Dallas Employee Retirement Fund
Trustee - Southwestern Medical Foundation
Member - Southwestern Medical Foundation Finance Committee
Trustee - First Presbyterian Church of Dallas Foundation
Chairman - First Presbyterian Church of Dallas Foundation Investment Committee
Member - Governor's Business Council
Member - Committee of 200
Member - New York and Dallas Societies of Securities Analysts

Rita C. Clements

Chair - UTIMCO Nominating Committee
Vice-Chairman of Board of Regents - The University of Texas System
Past Chairman - Salvation Army Dallas Metroplex Advisory Board
Life Board Member and Investment Committee Member - Hockaday School
Board Member - Center for Human Nutrition
Past President - Charter 100
Advisory Council Member - Communities Foundation of Texas
Past President - Dallas Historical Society
Honorary Life Chairman - Friends of the Governor's Mansion Foundation
Director - The Robert and Nancy Dedman Foundation
Director - O'Donnell Foundation
Vestry - St. Michael & All Angels Episcopal Church

J. Philip Ferguson

Senior Investment Officer - AIM Capital Management, Inc.
Trustee - Houston Ballet
Director - Memorial Hermann Foundation
Trustee - Memorial Endowment Fund, St. John the Divine Episcopal Church
Member - Board of Governors of the Investment Counsel Association of America

I. Craig Hester

President/Chief Executive Officer - Hester Capital Management, L.L.C.
Chief Investment Officer - Hester Capital Management, L.L.C.
Chairman - The University of Texas Ex-Student's Association Investment Committee
Member - The University of Texas Graduate School of Business Advisory Committee of the MBA Investment Fund, L.L.C.
Past Chairman/Member - Employees Retirement System of Texas Investment Advisory Committee
Investment Advisor - Teacher Retirement System of Texas
Member - Austin Society of Financial Analysts
Member - Association for Investment Management and Research
Chair-Elect - Foundation for SafePlace
Chartered Financial Analyst
Chartered Investment Counselor

James R. Huffines

Member - UTIMCO Compensation Committee
Member - UTIMCO Nominating Committee
Regent - The University of Texas System
President/Board Member - PlainsCapital Bank, Austin
Executive Vice President/Board Member - PlainsCapital Corporation
Director - Advisory Board of Texas Lyceum
Director - Board of Directors of the Austin Symphony
Director - Board of Trustees of the Bob Bullock Texas State History Museum Foundation
Member - Executive Committee of the Chancellor's Council at the UT System
Board Member - McAfee Mortgage and Prime Lending Mortgage Company

R. H. (Steve) Stevens, Jr.

Chair - UTIMCO Audit and Ethics Committee
Managing Partner - Stevens & Company L.L.P.
Regent - The Texas A & M University System
Vice-Chairman - The Board for Lease of University Lands
Director - ANCO Insurance Corporation
Director - Houston Livestock Show & Rodeo
President - American Quarter Horse Association

R. D. Burck (Advisory Director)

Special Advisor - The University of Texas System
Director - Adorno/Rogers Technology, Inc.
Director - infiNET Solutions
Advisory Board Director - Frost Bank
Advisory Board Director - G51 Capital Management, L.L.C.