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J. P. Bolduc

January 1, 1995

President and Chief Executive Officer W.R. Grace & Company – Boca Raton, Florida Current: Chairman and Chief Executive Officer JPB Enterprises, Inc. – Columbia, Maryland

J. P. Bolduc was elected President and Chief Executive Officer of W.R. Grace in 1993 after the retirement of J. Peter Grace. Mr. Bolduc joined Grace in 1983 as a senior vice president. In 1986 he was named chief financial officer, elected a vice chairman of the company, and was named president and chief operating officer in 1990. Listed in Fortune 500 as the 83rd largest company, W.R. Grace & Company is the world’s largest specialty chemicals company and is also a leading provider of health care services including the world’s largest provider of kidney dialysis services, Grace’s National Medical Care Unit. The Company’s operations include more than 190 plants, 160 offices, 830 sales units and 70 warehouses spread throughout the 48 states, and in more than 50 countries of North and South America, Europe, Asia and Australia. Mr. Bolduc serves as chairman and director of numerous educational, civic and government boards and commissions. A graduate of St. Cloud State University, he received his alma mater’s Distinguished Alumni Award in 1993. He served as a presidential appointee for the U.S. Department of Agriculture under Presidents Nixon and Ford and served as Chief Operating Officer for President Reagan’s Private Sector Survey on Cost Control from 1982 to 1984. Currently, he serves as a director on several private and public corporations. “America’s great power is the freedom of the individual, under our great free enterprise system, to be whatever he or she wants.”