Andrew S. Adelson is recently retired from Sanford C. Bernstein & Co, Inc. He began at Sanford Bernstein in 1980 as an Aerospace and Defense analyst until 1982, then Director of Research – U.S. Equities from 1983 – 1986; he was Managing Director Institutional Research Services from 1987-1989 and, more recently, Chief Investment Officer Global Value Equities from 1990 to 2003. He began serving on the firm’s Board of Directors in 1987. Mr. Adelson is a board member of the Grassroots Business Fund which provides economic access and assistance to poor and disadvantaged populations. Before beginning his career at Sanford Bernstein, Mr. Adelson was a public accountant with Ernst & Young from 1978-1980. Mr. Adelson graduated from the University of Pennsylvania, Wharton School in 1977 with a B.S. Economics and received an M.B.A. from the Wharton School in finance and accounting in1978. Mr. Adelson is married with three children and enjoys golf, skiing and photography.