Peter W. May

Chairman, the Boards of Trustees
Mount Sinai Health System

Peter W. May, MBA, is Chairman of the Boards of Trustees of the Mount Sinai Health System and a longstanding member of the Boards of Trustees of The Mount Sinai Medical Center. He joined the Boards in 1989 and was named Chairman in 2002. During this time, he and Kenneth L. Davis, MD, President and CEO of the Mount Sinai Health System, led the turnaround of this major academic health center from serious financial difficulties to what is today one of the most profitable and fastest growing academic medical centers in the United States.

Mr. May has more than 40 years of business and investment experience and has served as president and chief operating officer of public companies for over 20 years. He is President and a founding partner of Trian Fund Management, L.P. ("Trian Partners"). Founded in November 2005 by Nelson Peltz, Peter May, and Edward Garden, Trian Partners seeks to invest in undervalued and under-performing companies and to work closely with the management of those companies to enhance shareholder value through a combination of strategic re-direction, improved operational execution, more efficient capital allocation, and stronger focus.

Over the past six years, Trian Partners has put forth operating and strategic plans for companies including The Wendy's Company ("Wendy's"); H. J. Heinz Company; Legg Mason, Inc.; State Street Corporation; Kraft Foods Inc.; Cadbury plc; Cracker Barrel Old Country Store, Inc.; Family Dollar Stores, Inc. ("Family Dollar"); Marsh & McLennan Companies, Inc.; Tiffany & Co.; and Ingersoll-Rand plc. Along with his partners, Mr. May interacts with the management teams, board members, and institutional shareholders of many of Trian's portfolio companies to seek positive change at those companies. Mr. May serves as the non-executive Vice Chairman of Wendy's. Mr. May is also a director of Tiffany & Co. From April 1993 through June 2007, Mr. May served as President, Chief Operating Officer, and a director of Triarc Companies, Inc., which during that period of time owned Arby's Restaurant Group, Inc. and the Snapple Beverage Group, as well as other consumer and industrial businesses.

Mr. May was President and Chief Operating Officer and a director of Triangle Industries, Inc. from 1983 until December 1988, when that company was acquired by Pechiney, S.A., a leading international metals and packaging company.

In addition to his service to Mount Sinai, Mr. May is a Trustee of The University of Chicago, a member of its Executive Committee and a member of the Advisory Council on the Graduate School of Business at The University of Chicago. Mr. May is also a Trustee of Carnegie Hall, a Trustee of the New York Philharmonic, and a partner of the Partnership for New York City, as well as past Chairman of the UJA Federation's "Operation Exodus" campaign and an honorary member of the Board of Trustees of The 92nd Street Y. He is Chairman of the Board of The Leni and Peter May Family Foundation.

A native of New York, New York, Mr. May holds AB and MBA degrees from The University of Chicago and is a Certified Public Accountant (inactive). Mr. May also holds an Honorary Doctorate in Humane Letters from The Mount Sinai School of Medicine of New York University.