We have a proven ability to transform a $330 million global operating division of a public company. Under our leadership, operating earnings grew at a 40.0% CAGR over 7 years, and in our final year, the return on operating capital employed was 45.2%. Michael Walsh complements the operating experience with 30 years of legal experience in numerous disciplines, including intellectual property. A core management principle is an aggressive development and defense of intellectual property.