Neiman Marcus 2010 Annual Report Download - page 53

Table of Contents
John G. Danhakl
Managing Partner of Leonard Green & Partners, L.P., a private equity
firm specializing in leveraged buyout transactions, with whom he has
been a partner since 1995. He serves on the board of directors of Air
Lease Corp., Arden Group, Inc., HITS, Inc., Lextron, Inc., J. Crew
Group, Inc., IMS Health Incorporated, Leslie's Poolmart, Inc., Petco
Animal Supplies, Inc. and The Tire Rack, Inc. He previously served
on the board of directors of AsianMedia Group LLC, Big 5 Sporting
Goods Corporation, Communications and Power Industries, Inc.,
Diamond Triumph Auto Glass, Inc., Liberty Group Publishing, Inc.,
MEMC Electronic Materials, Inc., Phoenix Scientific, Inc., Rite Aid
Corporation, Sagittarius Brands, and VCA Antech, Inc. Mr. Danhakl
is a member of our Compensation Committee.
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Mr. Danhakl brings substantial knowledge from both private equity
and public company exposure. His extensive experience serving on
the boards of directors of numerous public companies brings to our
Board of Directors valuable direction in dealing with the complex
issues facing boards of directors today.
Karen W. Katz
Director, and President and Chief Executive Officer since October 5,
2010. Ms. Katz served as Executive Vice President and as a member
of the Office of the Chairman from October 2007 until October 5,
2010. From December 2002 to October 5, 2010, she served as
President and Chief Executive Officer of Neiman Marcus Stores.
Ms. Katz formerly served on the board of directors of Pier 1
Imports, Inc. She is a member of our Executive Committee.
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Since joining our organization in 1985, Ms. Katz has been in charge
of a variety of our business units and has demonstrated strong and
consistent leadership. She has an extensive understanding of our
customers and the retail industry that enables her to promote a unified
direction for both the Board of Directors and management.
Sidney Lapidus
Retired Managing Director and Senior Advisor of Warburg Pincus
LLC. Mr. Lapidus had been employed at Warburg Pincus since 1967.
He presently serves as a director of Lennar Corporation and
Knoll, Inc. He serves on the board of directors of a number of non-
profit organizations including New York University Langone
Medical Center, the American Antiquarian Society, and the New
York Historical Society, and is chairman of the American Jewish
Historical Society. Mr. Lapidus is the Chairman of our Audit
Committee and serves as our Audit Committee financial expert.
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During his long tenure in the private equity field, Mr. Lapidus
developed extensive business, financial, and management skills. We
believe this extensive experience has given him a broad
understanding of the operational, financial and strategic issues facing
public and private companies today. We also believe that his
experience overseeing and assessing the performance of companies
and the evaluation of financial statements gives him the experience
and expertise needed to act as our financial expert and to chair our
Audit Committee.
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