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Mr. Jacobi served from June 2001 to May 2005 as President Chief Executive Officer and a director of Katy Industries Inc. a public company headquartered in Middlebury Connecticut engaged in the design manufacture and distribution of maintenance and electrical products. Mr. Jacobi served as President and Chief Executive Officer of Timex Corporation from 1993 to 1999 and as a member of the board of directors from 1992 to 2000. Prior to his election as President and Chief Executive Officer Mr. Jacobi served Timex in senior positions in marketing sales finance and manufacturing. Mr. Jacobi is also a member of the board of directors and chairman of the audit committee of Webster Financial Corporation a publicly held bank (NYSE) with $18 billion of assets headquartered in Waterbury Connecticut and is a member of the board of directors of Invisible Technologies Inc. a privately held company headquartered in Garrett Indiana engaged in the design manufacture and distribution of electronic training products for sporting dogs and pets. He has also served as Chairman of Timex Watches Limited (India) a publicly held company headquartered in New Delhi India; Chairman and Chief Executive Officer of Beepwear Paging Products a private company jointly owned by Timex and Motorola; Chairman of Callanen International a private company engaged in the fashion watch industry a member of the board of directors of Quatro / Cinco Limited a private holding company headquartered in Oslo Norway with interest in shipping hotels ship building newspapers consumer products and the oil services industry and Hometown Auto Retailer a public company headquartered in Watertown Connecticut engaged in retail sales of new and used automobiles. Mr. Jacobi holds a B.S. from the University of Connecticut and is a Certified Public Accountant. | 