Mr. Chellgren is Retired Chairman of the Board and Chief Executive Officer of Ashland, Inc. (NYSE: ASH). During Mr. Chellgren’s seven-year tenure as Chairman and Chief Executive Officer, he was instrumental in executing significant transactions, including acquisitions, divestitures and the formation of the Marathon Ashland Petroleum refining venture with USX-Marathon (now Marathon Oil Corporation). Mr. Chellgren serves as a Director of the PNC Financial Services Group. Additionally, Mr. Chellgren provides guidance to Cincinnati-based philanthropic organizations, in the capacity of Chairman of the Board of the Taft Museum of Art and previously as Vice Chairman of the Greater Cincinnati Foundation. Presently, Mr. Chellgren is Partner of Snow Phipps Group, LLC, a New York City-based private equity firm.