Director, age 55, has, for more than the past twenty four years, been and continues involvement as an independent investor; as a developer of commercial, industrial, and garden style apartment real estate; as a residential home builder; and has interests in restaurant ownership and property management. He is also CEO/CIO of companies involved in venture capital and private equity with concentrations in pharmaceuticals, medical devices, technology and oil and gas. He previously formed and managed and sold his own investment management company. Early in his career, he held positions as a First Vice President at both E.F. Hutton and Dean Witter Reynolds, as well as being a registered Principal with Linsco/Private Ledger. He holds a Bachelor of Arts Degree in Management and Finance from the Oakland University (1982) and was awarded a Certified Investment Management Analyst certificate in 1983 from the Wharton School of Business at the University of Pennsylvania. From 1996 through 2003, Mr. Joliat served on the Board of Directors of Caraco Pharmaceutical Laboratories Ltd., a company with a class of equity securities registered under the Exchange Act, and served in various capacities on the audit, executive and compensation committees.