GORDON A. HOWALD is a Director, responsible for the Natural Gas and
Power industry for Credit Lyonnais Securities, Inc. Mr. Howald joined
the firm in July 1999 from Salomon Smith Barney, where he was a Research
Analyst responsible for the Canadian Natural Gas Pipeline sector. Mr.
Howald joined Salomon Brothers in August 1992 as part of a top-ranked
Institutional Investor research team covering the Natural Gas Pipeline
segment, before assuming the sole analytical research coverage of his
own group earlier this year. Prior to his tenure at Salomon Smith
Barney, Mr. Howald was a Global Compliance Officer in Merrill Lynch’s
Research Division from July 1989 through August 1992, and spent
approximately two years prior to that as an Associate in Merrill Lynch’s
Retail Sales office in New York. Mr. Howald holds a Bachelor of Science
degree from John Jay College of Criminal Justice, in New York, NY.