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2025 Annual Report

Board of Directors

Baron Bond

CEO, The Foundation Group LLC

Kenneth R. French

Roth Family Distinguished Professor of Finance, Tuck School of Business, Dartmouth College

Robert Gelfond

CEO and Founder, MQS Management LLC

Peter N. Goettler

President and CEO, Cato Institute

David C. Humphreys

President and CEO, TAMKO Building Products Inc.

Laura Holmes Jost

Senior Vice President, Chandler Residential Inc.

James M. Kilts

Partner, Centerview Capital Holdings; Former CEO, The Gillette Company

James M. Lapeyre, Jr.

President, Laitram LLC

Ken Levy

Levy Family Fund

John P. Mackey

Cofounder and Former CEO, Whole Foods Market; Cofounder and CEO, Love Life!

Howard S. Rich

Chairman, US Term Limits

Charles Sunderland

Trustee, Sunderland Foundation; Former Chairman and CEO, Ash Grove Cement Company

Robert A. Taylor

CEO, EBC Management

Fred Young

Former Owner, Young Radiator Company

Directors Emeriti

K. Tucker Andersen

Frank Bond†

William A. Dunn†

Ethelmae C. Humphreys†

David H. Koch†

Robert A. Levy

John C. Malone

William A. Niskanen†

David H. Padden†

Donald G. Smith†

Frederick W. Smith†

Board list as of June 2026
†Deceased