FairPoint Communications 2006 Annual Report Download - page 103

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Company in 1987 and has held positions of increasing responsibility at Kelso & Company prior to becoming a Managing Director. Mr. Bynum is a director
of CDT Holdings PLC, Custom Buildings Products, Inc., Endurance Business Media, Inc. and eMarkets, Inc. He is also a Trustee of Prep for Prep and a
member of the Board of Trustees of the College Foundation of the University of Virginia. Mr. Bynum was designated to the Board of Directors by Kelso &
Company pursuant to Kelso & Company’s designation rights under our stockholders agreement which was terminated in connection with our initial public
offering.
Mr. Hauser, age 55, was appointed as a director of our company in February 2005. He is currently the Group Executive and Chief
Financial Officer of Duke Energy Corporation, where he has been employed for 30 years. Mr. Hauser is a certified public accountant and a certified
purchasing manager. Mr. Hauser is on the Board of Directors of Charlotte’s Blumenthal Center for the Performing Arts and is the chair of the UNCC
Business School Advisory Board. He is a member of the North Carolina Association of Certified Public Accountants and the American Institute of Certified
Public Accountants. Mr. Hauser is on the board of directors of Enpro Industries and serves on the audit and compensation committees.
Mr. Weldon, age 39, served as a director of our company from January 2000 until January 16, 2007. He is currently a Managing
Director of Thomas H. Lee Partners, L.P. Mr. Weldon worked at the firm from 1991 to 1993 and rejoined it in 1995. Prior to 1991, Mr. Weldon worked at
Morgan Stanley & Co. Incorporated in the Corporate Finance Department. Mr. Weldon is a director of Michael Foods, Inc., Nortek, Inc. and THL-PMPL
Holding Corp. From April 1997 to June 2005, Mr. Weldon served as a director of Syratech Corporation which, together with its subsidiaries, Wallace
International de P.R. and Chi International, Inc., filed for bankruptcy under Chapter 11 in February 2005 and emerged from bankruptcy pursuant to a
confirmed Chapter 11 plan in June 2005. Mr. Weldon was designated to the Board of Directors of FairPoint by Thomas H. Lee Equity Fund in connection
with Thomas H. Lee Equity Fund’s designation rights under our stockholders agreement which was terminated in connection with our initial public offering.
—Dr. Lilly, age 60, was appointed as a director of our company in February 2005. Dr. Lilly is currently dean and James J. Harris
Chair of Risk Management and Insurance in The Belk College of Business Administration at The University of North Carolina at Charlotte. Dr. Lilly has
served as Assistant Deputy Insurance Commissioner for the State of Georgia and as a director of several corporations. Mr. Lilly currently serves on the audit
committees of the board of directors of TIAA CREF Trust Company FSB, Erie Indemnity Company and subsidiaries thereof. He holds the Chartered
Property Casualty Underwriters and Chartered Life Underwriter designations and is a member of numerous professional associations.
Mr. Lilien, age 59, was appointed as a director of our company in December 2005. Mr. Lilien is currently a partner in the law firm of
Robinson, Bradshaw & Hinson, located in Charlotte, North Carolina, where he has worked since April 2002, and the managing member of Trilogy Capital
Partners, LLC, a captive private equity fund with equity provided by a single family group, where he has also worked since April 2002. From 1993 to 2002,
he held various positions at Duke Energy Corporation, including Senior Vice President—Duke Ventures of Duke Energy Corporation, Chairman and Chief
Executive Officer of Crescent Resources, LLC, Chairman of DukeNet Communications, Inc. and Chairman of Duke Capital Partners, LLC. Mr. Lilien is
also on the finance and audit committees of the board of directors of the Lynnwood Foundation.

Our board of directors has three standing committees: an audit committee, a compensation committee and a corporate governance committee.
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