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Mr. McNally has been a Director of Loring Ward since October, 2003. Presently, he is President of Woodmount Capital Corporation, an investment capital company he established in 1997. In addition, he is a director of Excel-Tech, Ltd. (XLTEK), an Ontario company that went public in April, 2006. Mr. McNally is a trustee of the Lawrence Hall Youth Services Organization and a member of the Chicago Council on Global Affairs and the Chicago Economics Club. He is on the Advisory Committee of the De Paul University School of Business and Commerce. Mr. McNally has a B.Sc. from De Paul University and an MBA from the Harvard Graduate School of Business. He also has an MA (Economics) from De Paul University. After undergraduate school, Mr. McNally obtained his CPA designation. Mr. McNally is the former President and Chief Executive Officer of QUNO Corporation, a public Canadian paper & forest products company spun off from Tribune Company in 1993. From 1984 to 1990 he was Chief Operating Officer. This TSE 300 company was sold in 1996 and eventually amalgamated into Abitibi-Consolidated. | 