H. Thornburg

President, Thornburg & Co., Inc.

Andrew Thornburg has over 35 years experience in corporate finance, investment banking, international businesses, acquisitions, divestitures, strategic planning, the development of information systems, crisis management, turnarounds and high technology startups. He has extensive operating experience, as both a CEO and CFO for both healthy and troubled companies. He has led the turnarounds of thirty companies in the U.S., Latin America and Asia. He has served as a director of twenty-eight companies. Operating experience includes service, manufacturing retail and financial enterprises: Investor, Advisor and Director. He has played an active investor and investment banking role in seventeen high tech startups including B2B software applications, streaming video, VOIP services, networking products, laser marking, internet retailing, gas sensing systems, medical devices, consumer health products and food service systems. CEO and CFO Bridgewater Resources Corp. a diversified holding company with twenty subsidiaries in manufacturing, resources, farmlands and real estate. The manufacturing businesses included electronic educational toys, roofing products, forest products, lumber, sports flooring, welded chain and wire forms. Operations included multi-plant manufacturing with union and non-union work forces and outsourcing from China. Managing Director of turnaround firms XRoads Solutions Group and Kibel, Green Inc. and as President, Thornburg & Co., Inc. He has served as interim CEO and CFO in turnaround situations providing crisis management and operations consulting for manufacturing, retail, distribution and service businesses. Engagements included Chapter II proceedings, bank workouts, and the sale of businesses. Vice Chairman and Director Security Pacific Capital Markets Group, Inc. He was responsible for Corporate Finance, Mergers & Acquisitions and Specialized Financing (project financing, leasing, bankers acceptances and commercial paper backed transactions) investment banking advisory activities and personally was involved in more than 100 transactions. He was a director of wholly owned subsidiaries including Ralli Bank (a private Swiss Bank) and Hoare Govett Limited (London's largest stockbroker and major factor in Asian capital markets. Manager of International Finance, The Ralph M. Parsons Company (international engineering and construction). Responsible for international finance and client project financing activities world wide for all divisions of the company: Petroleum and Chemicals, Mining and Metallurgical, Power and Systems Engineering. He served as the company's lead negotiator for all Divisions regarding international finance matters with private clients, banks, export credit agencies (U.S., U.K., France, Germany, Italy and Japan) and governments (among them Algeria, Iran, Saudi Arabia, Soviet Union, Peru, and Chile). Principal advisor to the Swiss based Schmidheiny group on the development of new management information systems for an acquired entity, the Cosa Liebermann Group in Asia and Europe. Mr. Thornburg helped establish a comprehensive, multi-discipline approach to sales planning, budgeting, financial reporting, purchasing, logistics, cash management, accounting, taxes, retail sales, wholesaling and industrial customer sales. Mr. Thornburg received a Master of Business Administration in International Business from New York University; a Master of Science in Industrial Engineering, from UCLA; a Bachelor of Science in Mechanical Engineering from the University of Wisconsin; and was a Carnegie Scholar at the ITESM (Instituto Tecnologico y de Estudios Superiores de Monterrey, Mexico). He also completed the Advanced Management Program at Harvard Business School.