Herve Humler Herve Humler Executive Vice President<br>International Operations<br>The Ritz-Carlton Hotel Company, L.L.C.
James Kaufmann James Kaufmann Executive Vice President - Lodging Operations<br>North America - Western Region
Daryl A. Nickel Daryl A. Nickel Executive Vice President - Lodging Development<br>Select-Service and Extended-Stay, North America
Steven S Reinemund<sup>3,4</sup> Steven S Reinemund<sup>3,4</sup> Retired Chairman of the Board and<br>Chief Executive Officer<br>PepsiCo, Inc.
Richard Hoffman Richard S. Hoffman Executive Vice President<br>Mergers, Acquisitions and Business Development
J.W. Marriott, Jr.<sup>†</sup> J.W. Marriott, Jr.<sup>†</sup> Chairman of the Board and<br>Chief Executive Officer