Michael C. Sandler

Focused Investors LLC (FI) is an independent, SEC-registered investment management firm headquartered in Los Angeles, California. The firm was founded in 2006 by Bruce Veaco. FI manages assets for institutional clients including corporations, employee benefit plans, foundations, and endowments as well as high net-worth individuals. The firm is the general partner for the Focused Investors Fund LP and also advises separately managed accounts.

Founded in 1980, Pacific Financial Research, Inc. (PFR) manages assets for pension funds, endowments, foundations, individuals and investment companies. Based in Beverly Hills, California, the firm is a subsidiary of United Asset Management Corp., a subsidiary of Old Mutual US Holdings, Inc. Their ultimate parent is Old Mutual Plc (LSE: OML)