Evolutions in FINANCE 21st Century Program 2004 Program Presenters PATRICK D. CAMPBELL has been Senior Vice President and Chief Financial Officer of 3M since February 1, 2002. Prior to joining 3M, Campbell had been with General Motors for 25 years, serving in various capacities, including nine years located in Europe. During his 25 years at General Motors, Campbell was CFO for GM's International Operations, CFO for European Operations, head of GM's Investor Relations and Worldwide Benchmarking, and Finance Director of GM North American Vehicle Sales, Services and Marketing Operations, as well as Portfolio Management. PAUL P. KAROS, former President of Equity Capital Markets at U.S. Bancorp Piper Jaffray, was responsible for Equity Research, Investment Banking, Capital Markets, and Institutional Sales and Trading. Prior to joining the firm's Institutional Sales department as director in 1996, Karos was a research analyst and a senior partner of C.S. First Boston in New York. Karos was an Institutional Investor All-American airline analyst from 1989 to 1995. From 1992 to 1995, he was voted the No. 1 airline analyst by Institutional Investor. He was also voted the No. 1 airline analyst on Wall Street from 1991 to 1995 by the Greenwich Survey. Karos' career and life were featured in The New York Times in December 1997, in the St. Paul Pioneer Press in November 1998, and on KSTP-TV, an ABC affiliate, in January 1999. He received a 40 Under 40 award from City Business in May 1999. Karos has appeared on Wall Street Week with Louis Rukeyser and is frequently quoted in national print and broadcast media. He graduated with a B.S. in finance from the University of Minnesota. JAMES A. LAWRENCE joined General Mills in October of 1998 as Executive Vice President and currently has responsibility for General Mills International Division as well as its Finance Function as CFO. Prior to joining General Mills, Lawrence held positions as Executive Vice President of Northwest Airlines and President and CEO of Pepsi-Cola Asia, Middle East, Africa. He was Co-founder and Chairman of The LEK Partnership, a consulting firm headquartered in London. Previously, he was a Partner of Bain and Company and headed their London and Munich offices. Lawrence serves on the boards of The St. Paul Companies and Avnet, Inc. He serves on The Board of Overseers of The Carlson School of Management at the University of Minnesota and the Board of the University of Minnesota Foundation. He is also a Board Member of the Minnesota International Center and the Ordway Theatre. Lawrence holds a bachelor of arts degree in economics from Yale University, and an MBA with distinction from Harvard Business School. ROBERT L. LUMPKINS is Vice Chairman and Chief Financial Officer of Cargill Incorporated. Mr. Lumpkins joined Cargill in 1968, and held a succession of financial and line management assignments. He was elected Chief Financial Officer in 1989, a Cargill Board member in 1991, and Vice Chairman in 1995. Lumpkins serves on the Executive, Finance and ESOP Administrative Committees of the Board. He is a member of the Corporate Leadership Team, serves as Chairman of the Financial Risk Committee and Business Conduct Committee, and is a member of other leadership team committees. He serves as a Director of Cargill, Ecolab, Inc. and WhereNet. He also serves on the non-profit boards of Howard University and TechnoServe, Inc.; and on the Notre Dame Science Advisory Council and the Stanford Business School Advisory Council. A native of Lawrenceburg, Tennessee, Lumpkins holds a B.S. degree in mathematics from the University of Notre Dame (1966) and a MBA from the Stanford Graduate School of Business (1968). DAVID M. MOFFETT is Vice Chairman and Chief Financial Officer of the new U.S. Bancorp, formed by the 2001 merger of Firstar Corporation and U.S. Bancorp. He is responsible for Mergers and Acquisitions, Corporate Real Estate, Corporate Accounting and Reporting, Investor Relations, Purchasing, Media Relations, Management Reporting, Tax, Venture Capital, Treasury, Tax Credit Investments, Insurance, and Strategic Planning. He is chairman of the Asset Liability Policy Committee. He is a board member of U.S. Bank, N.A., and several subsidiary companies. Previously, Moffett was Vice Chairman and Chief Financial Officer of Firstar Corporation and its lead bank, Firstar Bank, N.A. Moffett also held positions with BankAmerica Corporation, San Francisco, and Los Angeles-based Security Pacific Corporation. He is a member of the Financial Services Roundtable. Moffett holds a Bachelor's Degree in Economics from the University of Oklahoma and a Master's Degree in Business Administration from Southern Methodist University. PAUL H. O'NEILL was sworn in as the 72nd Secretary of the U.S. Treasury on January 20, 2001. O'Neill was chairman and CEO of Alcoa from 1987 to 1999, and retired as chairman at the end of 2000. Prior to joining Alcoa, O'Neill was President of International Paper Company. His unique experience transforming an old economy firm into a new economy success has been chronicled as a study by the Harvard Business School. O'Neill has gained valuable insights into international finance and the global economy as head of a major corporation with 140,000 employees spread across 36 nations. O'Neill's mastery of federal budget details and process stems from his tenure at the U.S. Office of Management and Budget. He joined OMB in 1967, and was Deputy Director of OMB from 1974 to 1977. He began his public service as a computer systems analyst with the U.S. Veterans Administration. He received a bachelor's degree in Economics from Fresno State College in California, and a master's degree in Public Administration from Indiana University. MARTYN R. REDGRAVE joined Carlson Companies, Inc. in February of 1994 as Executive Vice President and Chief Financial Officer. Prior to joining Carlson Companies, Inc., Redgrave was with PepsiCo for over 14 years in a variety of executive financial and operational positions for their subsidiaries (Pizza Hut, Kentucky Fried Chicken and Taco Bell) and corporate offices. Most recently he was the Senior Vice President of Finance and Worldwide Chief Financial Officer for Kentucky Fried Chicken Corporation. Prior to that Redgrave was employed by Arthur Andersen and Company for six years. Redgrave has been an active volunteer with the United Way over the past 20 years and has held a variety of board, committee and campaign positions within different communities. He also serves on the Board of Directors of Deluxe Corporation. Redgrave has a Bachelor of Arts in Economics from Princeton University and a Masters of Business Administration degree in Finance from New York University Stern School of Business. He is also a CPA.