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Pacific World Corporation Chief Operating Officer March 2011

The following evaluation has been prepared for the exclusive use of the client named above. Its use should be controlled and limited to designated executives concerned with the selection of the candidate, and under no circumstances should the evaluation contained herein be transmitted to the candidate. The candidate has agreed to discuss this opportunity on a completely confidential basis. Therefore, it is imperative that no references be checked by any member of your organization without our prior notification and consent. The accompanying report represents a composite of information furnished by the candidate.

Confidential Candidate Report

Mark I. Lehman

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Personal
Mark I. Lehman
address telephone (cell) email (home) languages spoken
16 Lyra Irvine, CA 92603 +1 949 232 3203 milehman@yahoo.com English

Education & Qualifications
1973 Rutgers University Graduate School of Business (Verified) M.B.A., Accounting 1972 Dickinson College (Verified) B.A., History

Confidential Candidate Report

Mark I. Lehman

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Career Summary
2005 to 2010 2004 to 2010 2002 to 2003 1999 to 2001 2000 to 2001 1999 to 2000 1998 to 1999 Arbonne International, LLC Chief Financial Officer Natural Products Group, Inc., Irvine, CA Chief Financial Officer Geologistics Corporation, Santa Ana, CA Executive Vice President Finance Advance Watch Company, Ltd. Warren, MI
Chief Operating Officer

Chief Financial and Operating Officer Sanga International, Inc., Jacksonville, FL Executive Vice President and Chief Financial Officer

1993 to 1998

Sunkyong Group, Seoul, South Korea Executive Vice President and Chief Financial Officer, SKC America, Inc., Mount Olive, NJ

1988 to 1993 1989 to 1993 1988 to 1993 1987 to 1988 1980 to 1987 1985 to 1987 1981 to 1985

Montedison S.P.A., Milan, Italy Treasurer, Ausimont, NV Vice President, Finance and Administration, Ausimont USA, Inc., Morristown, NJ Salomon Brothers, Inc, New York, NY Vice President, Internal Audit Shell Oil Company, Houston, TX Corporate Controller, Scallop Corporation, New York, NY Divisional Chief Financial Officer, Scallop Petroleum, New York, NY

Confidential Candidate Report

Mark I. Lehman

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1980 to 1981 1977 to 1980 1973 to 1977

Manager of Accounting Policies & Procedures, Scallop Corporation, New York, NY Ernst & Young, Saddle Brook, NJ Senior Tax Accountant Price Waterhouse, New York, NY Senior, Auditor

Confidential Candidate Report

Mark I. Lehman

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Professional Experience
2005 to 2010 2004 to 2010 Arbonne International, LLC Chief Financial Officer Natural Products Group, Inc., Irvine, CA $200- $900 million direct selling skin care, cosmetics and nutritional company originally owned by Harvest Partners and now owned by a consortium of financial institutions. Chief Financial Officer Responsibilities and Stated Achievements: • Had overall financial responsibilities for both Arbonne International, LLC and Levlad LLC to develop a finance organization to support dynamic growth from $200 million to $900 million in revenues over a very short period of time, while ensuring appropriate levels of reporting, controls, treasury, tax and financial planning services. During his tenure the Company has subsequently seen a downturn in revenues, and has overseen restructuring and cost savings initiatives to right size the business. Served as key contact with the investor group. • Primary areas of responsibility included finance and information technology with oversight responsibilities for Human Resources, Legal, and International Operations. • Worked closely with private equity sponsor to raise total financing of over $700 million capital in dividend recap transactions, enabling

Confidential Candidate Report

Mark I. Lehman

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investors to earn a 5.5x return in 18 months. Significant experience in presenting to lenders and potential investors. • Reshaped financial infrastructure of familyowned business and developed capability to support growth from $200 - $900 million over a two year period. • As a key member of management worked closely with CEO and sponsor in all strategic decisions of the Company. • Led process to generate company-wide savings of over $50 million and increase liquidity through elimination of fixed costs and reevaluation of variable cost structure. • Guided company through prepackaged bankruptcy in only 37 days while minimizing disruption to operations. • Implemented processes (SOX, Quarterly Reviews) to support operations as a public company in anticipation of an IPO. • Provided all financial support related to a proposed sale of the Company including presentations to potential investors and due diligence support. • Developed financial and management reporting systems to satisfy financial covenant requirements and facilitate management decision making. • Developed effective international tax strategy to shelter international earnings offshore reducing the Company’s effective tax rate. 2002 to 2003 Geologistics Corporation, Santa Ana, CA $1.3 billion global freight forwarding and 3rd party logistics company, jointly owned by three

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Mark I. Lehman

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private equity groups – Questor Fund, Oaktree Capital Management, and W.E. Simon & Sons. Executive Vice President Finance Responsibilities and Stated Achievements: • Recruited by Questor Fund to restore stability to fractured and inefficient financial processes within this distressed organization. Primary responsibilities included restructuring and reengineering the Americas financial organization, optimizing global liquidity, restoring integrity to financial reporting, and implementing global standards and controls. Served as key contact with investor group. • Achieved a 15% reduction in SG&A on a global basis by redefining key performance metrics.

• Generated $15 million in additional liquidity opportunities by eliminating a bank credit block, leveraging group assets, and optimizing other liquidity opportunities within existing credit facilities. • Optimized tax structures to allow for $27 million of annual tax free repatriation to the Americas region and a reduction of the effective tax rate on dividends from 65% to 35%. • Rebuilt fractured financial and operation processes to reduce profit and loss audit adjustments from $14 million in 2001 to zero in 2002. • Reduced finance organization costs by 40% while upgrading talent of staff and evaluation system. • Rebuilt budgeting, reporting and forecasting processes and systems.

Confidential Candidate Report

Mark I. Lehman

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1999 to 2001

Advance Watch Company, Ltd. Warren, MI $300 million multi-national consumer goods portfolio company of private equity group, Heritage Partners.

2000 to 2001

Chief Operating Officer

Responsibilities and Stated Achievements: • Responsible for providing financial support in the execution of two acquisitions which increased the company’s revenues from $100 to $300 million, and in developing an operational infrastructure to support the company’s significant growth. Operationally responsible for evaluating and improving technology solutions and building distribution infrastructure to support projected growth and change in product mix. Primary areas of responsibility included finance, logistics, warehousing, customer service, human resources and information technology. • Drove cost reduction and operating efficiency by redefining key performance metrics and reengineering processes, resulting in a 25% reduction in per unit processing.

• Established an inventory control function to obtain inventory accuracy of 99%. • Selected and led implementation of a comprehensive information technology solution for the entire organization, replacing unstable and inaccurate legacy systems. • Developed new budgeting process. 1999 to 2000 1998 to 1999 Chief Financial and Operating Officer Sanga International, Inc., Jacksonville, FL Internet based business-to-business e-commerce

Confidential Candidate Report

Mark I. Lehman

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Solutions Company. Executive Vice President and Chief Financial Officer Responsibilities: • Recruited to this business-to-business ecommerce high tech start up to lead financial aspects of IPO process, investor relations and development of worldwide infrastructure. Responsibilities included establishment of accounting, planning and treasury operations, with an emphasis on implementing policies and procedures to meet SEC registration reporting requirements. 1993 to 1998 Sunkyong Group, Seoul, South Korea $200 million polyester and converted film manufacturing and distribution subsidiary of $40 billion parent. Executive Vice President and Chief Financial Officer, SKC America, Inc., Mount Olive, NJ Responsibilities: • Responsible for introducing American management and financial practices, implementing world-class business processes, restructuring the organization, and overseeing acquisitions. Span of control extended over all financial activities including banking relationships, cash management and operations, including all support functions. Assumed overall responsibility for legal and risk management. 1988 to 1993 Montedison S.P.A., Milan, Italy $150 million fluoropolymer manufacturer and distributor of the $10 billion parent.

Confidential Candidate Report

Mark I. Lehman

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1989 to 1993

Treasurer, Ausimont, NV Responsibilities: • Responsible for creating an effective financial organization for this publicly traded start up multi-site manufacturing operation through recruiting and restructuring staff, implementing processes and policies, effectively reducing costs and utilizing technology. • In absence of senior chief executive, served as management team member running the business for one-year period.

1988 to 1993

Vice President, Finance and Administration, Ausimont USA, Inc. Morristown, NJ Salomon Brothers, Inc, New York, NY Vice President, Internal Audit Responsibilities: • Performed internal audit function for petroleum related activities.

1987 to 1988

1980 to 1987

Shell Oil Company, Houston, TX $2 billion diversified business unit of Royal Dutch/Shell Group.

1985 to 1987 1981 to 1985 1980 to 1981

Corporate Controller, Scallop Corporation, New York, NY Divisional Chief Financial Officer, Scallop Petroleum, New York, NY Manager of Accounting Policies & Procedures, Scallop Corporation, New York, NY Ernst & Young, Saddle Brook, NJ

1977 to 1980

Confidential Candidate Report

Mark I. Lehman

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Senior Tax Accountant 1973 to 1977 Price Waterhouse, New York, NY Senior, Auditor

Appraisal
The presentation below is submitted without benefit of detailed reference checking. The candidate’s qualifications are submitted according to the information provided to us by the candidate to date. Should the client and the candidate reach a preliminary understanding relative to employment, Heidrick & Struggles would expect to conduct additional reference checking.

Mark grew up in New Jersey and received his Bachelor of Arts degree in History from Dickson College in 1972. Mark then went on to receive his MBA from Rutgers in 1973. Upon graduation, Mark began his career with PricewaterhouseCoopers focusing primarily on manufacturing companies. After four years, Mark decided to start his own public accounting firm, but realized he would need tax experience to do so. He joined Ernst & Young where he was promised exposure to tax. Mark was recruited by the Royal Dutch/Shell Group in 1980 where he served as Manager of Accounting Policies and Procedures for their wholly-owned US operations. Due to the successful reengineering activities emanating from his work, he was promoted to Director of Finance of a $2 billion oil refining, marketing and distribution subsidiary. While there, he successfully led a turnaround of the Company by developing an oil procurement risk model, implementing a management accountability

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Mark I. Lehman

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system and initiating significant staff reductions. A divisional loss of $110 million was converted to a $30 million profit within 12 months. At the same time, capital employed was reduced by 80%, dramatically increasing return on investment. In recognition of this achievement he was promoted to Corporate Controller of US operations. With the acquisition of Shell Oil’s minority interest, the principal activity became the evaluation of businesses for wind down, divestiture or integration into Shell Oil. Mark successfully completed these activities over a two-year period. During his tenure he was ranked the number one finance professional out of 150 in the organization, which was merged into Shell Oil. Mark left Shell in 1987 when he was asked to move to Houston. He joined Salomon Brothers as the Vice President of Internal Audit which he did not fully enjoy. In 1988 Mark was recruited to serve as CFO of the US operations of Ausimont, the specialty chemical arm of Montedision, the $10 billion Italian chemical conglomerate. The US operations were created from the failed integration of Montedison’s US distribution business and the fluoropolymer business of Allied Signal. Mark is credited with turning the finance team from being considered the weakest in the organization to being regarded as the strongest. His vision to implement a single integrated information technology system and make staff upgrades generated dramatic process efficiencies resulting in a 30% reduction in infrastructure staffing and provided timely information. Strategically, Mark helped Ausimont achieve growth through acquisition. With a successful platform in place, he served as a key member of an acquisition

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Mark I. Lehman

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team where he led due diligence, generated the necessary financing and effectively integrated the operations from day one. In 1992, it was revealed to Mark that the family was involved in corrupt business practices with the Italian Government. Mark decided to look for new opportunities at that time. In 1993 Mark was recruited to serve as Executive Vice President for the US Operations of SKC, the specialty chemical unit of the SK Group, a $26 billion privately owned Korean conglomerate. With the acquisition of an American manufacturing operation and a dramatic increase in sales and staffing, Mark implemented management practices to change the corporate culture, recruited a new management team, and reengineered existing processes to generate considerable cost savings. As a result, the Company was able to overcome numerous barriers in acquisition negotiations. He also played a leading role in generating liquidity for the Company during the Asian financial crisis of 1998. In 1998 Mark joined Sanga, a pre-IPO e-commerce firm, as CFO to prepare the Company for a public offering. During Mark’s tenure he successfully prepared the Company for a public offering. Unfortunately, the Company was unable to generate the operating performance necessary to move forward and ran out of money. In 1999 Mark was recruited to become CFO and COO of Advance Watch Company Ltd., a consumer products company owned by Heritage Partners. Due to the significant operational

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Mark I. Lehman

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problems generated from a failed systems implementation and dramatic organic growth, Mark assumed full time COO duties and demonstrated leadership in dramatically improving distribution and overcoming the Company’s information systems challenges. As a result operating efficiencies were improved by over 25%. Advance Watch Company was a $300 million watch company that sold products into Wal-Mart. Mark then joined Geologistics Corporation as Executive Vice President Finance. This was a $1.3 billion distressed global freight forwarding and 3rd party logistics company, owned jointly by three private equity groups – Questor Fund, Oaktree Capital Management, and W.E. Simon & Sons. Mark rebuilt the financial processes, optimizing liquidity, restoring integrity to financial reporting, and implementing global standards and controls. Mark helped raise mezzanine capital and the Company decided that only one financial person needed to stay on board. The ‘liquidity guy’ took on that responsibility and Mark left making about $800,000 in equity. In 2004, Mark met Harvest Partners, a Private Equity group that had just acquired Levlad which owned 70% of Arbonne International. Arbonne was a multi-level marketing beauty products company and Levlad was a previous family owned and operated beauty products company. In 2002, revenues were around $40 million with little infrastructure and inventory control. Mark upgraded and implemented systems and helped the Company grow rapidly. Harvest was able to do three dividend recapitalizations and took out

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Mark I. Lehman

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five times their initial investment. In 2006, revenues approached $173 million and Mark continued to upgrade the management team. Even though the business was growing, there were huge inventory and production issues that Mark helped clean up. In 2008, Harvest tried to sell the Company but pulled the plug when they did not get the price they were looking for. At that time, Mark took over responsibility for the Company's infrastructure and focused on the bottom line. The business went into restructuring mode due to the down turn in the economy and emerged from a pre-packaged bankruptcy in 2010 in 37 days. Currently, multiple lenders now own the business and a new CEO was brought on board. At that time, Mark decided to look for new opportunities. Mark is a driven, highly-focused, operationsoriented, financial executive that understands Private Equity. He has experience working within special situations that have called upon and demonstrated his problem solving and implementation abilities. Mark’s career has included both a depth within the finance discipline as well as a breadth in administration and operations, which includes information technology, distribution, human resources, and manufacturing.

Confidential Candidate Report

Mark I. Lehman

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Stated Compensation
base salary bonus other $325,000 100% target Mark made about $5 million on the Levlad/Arbonne transaction

Confidential Candidate Report

Mark I. Lehman

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