Accruit’s Board of Directors have led some of the finest business organizations in the world. Today they focus their collective experience and wisdom on the task of driving the best possible results for the company’s customers, partners and investors.

Peter J. Blake

Peter J. Blake is chief executive officer and director of NYSE and TSX listed Ritchie Bros. Auctioneers, Inc. (RBA), the world’s largest industrial auctioneer. A graduate of both the University of Alberta and the British Columbia Institute of Technology (BCIT), his working career started in accounting in 1984, and he became a chartered accountant with KPMG and PriceWaterhouseCoopers. In 1991, he brought his accounting acumen to Ritchie Bros. Auctioneers as its controller. He quickly moved up the corporate ranks as VP of finance, then as senior VP, chief financial officer and director. In 2004, Peter was appointed chief executive officer of RBA. In addition to his position on the board of Accruit, he serves on the fundraising boards of both BCIT and the BC Women’s Hospital, both located in Vancouver.

Joseph C. Lane

Joseph C. Lane is a highly successful strategic investor and business advisor. He recently served as chief executive officer of GE Technology Finance, which was created when GE Capital acquired the business of Bay4 Capital (an independent provider of leasing, management and portfolio services for information technology) where he was an owner and vice chairman. Joseph was also an owner, chairman and CEO of Hyphos360, a database management and direct marketing services provider.

Previously, Joseph was president of IBM Credit Corporation, group executive, IBM Global Financing, and senior vice president of IBM. As head of the world’s largest information technology financing business, he was responsible for a $40 billion operation in over 40 countries around the globe. He was a member of IBM’s Operations Committee, Worldwide Management Council and Senior Management Group.

For nearly 20 years, Joseph was with GATX Capital Corporation, and directly involved with financing of aircraft, locomotives and railcars, power production and transmission, real estate and technology. He ultimately served as president and chief executive officer of GATX Capital. He was chairman of Sun Financial Corporation, chairman of Centron, DPL, a provider of technology solutions and hardware, and a director of Oxford Finance, a provider of capital to early-stage life sciences companies. Earlier in his career, Joseph was an investment banker with a regional firm in Texas. His experience with capital markets worldwide includes having served on boards of directors and advisory boards in Europe, Asia and North America.

In addition to serving on Accruit’s board of directors, Joseph currently serves on the board of Link Institute, a not-for-profit organization promoting core virtues and core curriculum for K-12 education, and on the board of South Bronx Educational Foundation, supporting inner-city youths in their quest for overall character development and college preparation. He is an associate fellow of Davenport College at Yale University, where he earned his BA in American history.

Joseph has been a director, vice chairman and chairman of the Equipment Leasing Association, and a trustee and chairman of the Equipment Leasing and Finance Foundation.

Joseph and his wife, Isabel, were married in 1974; they have four sons, three daughters and a granddaughter.

Bob Lichten

Robert M. Lichten has been Co-Chairman of Inter-Atlantic Group since 1994 and is a member of Inter-Atlantic Group’s investment committee. He also served as Co-Chairman of Guggenheim Securities LLC, Inter-Atlantic Group’s former NASD broker-dealer operation, until 2003.

From 2007-2009, Mr. Lichten was a Director of special purpose acquisition company Inter-Atlantic Financial, Inc. Previously, Mr. Lichten was Managing Director at both Smith Barney Inc. and Lehman Brothers Inc., where he concentrated on raising capital and providing merger and acquisition advisory services to financial institutions. Mr. Lichten was also formerly Executive Vice President of The Chase Manhattan Bank. During his 22 years at Chase he was a senior corporate banker and was in charge of worldwide capital planning. Mr. Lichten also served as Chief of Staff of the Asset-Liability Management Committee and President of The Chase Investment Bank. As President, he was responsible for all swap and derivative products, corporate finance, private placements, leasing, loan syndications and merger and acquisition activities.

Mr. Lichten is a Director of Inter-Atlantic Group’s portfolio companies SeaPass Solutions, Inc., Accruit LLC, and GovernanceMetrics International, Inc., a corporate governance rating agency. In addition, he currently serves as a Director on the Board of Syncora Holdings Ltd. and its subsidiaries Syncora Guarantee Inc. and Syncora Capital Assurance. He is a former trustee of Manhattan College, a former Director of Annuity & Life Re (Holdings), Ltd. and a former Director and President of the Puerto Rico USA Foundation, a cooperative effort between the Commonwealth of Puerto Rico and numerous multi-national corporations.

Mr. Lichten holds a B.S. in Chemical Engineering from Manhattan College and an M.B.A. from New York University. He served as a Lieutenant in the United States Air Force and received the Air Force Commendation Medal for his work in solid rocket propulsion systems.

Katherine Reed

In addition to serving on the Accruit board of directors, Katherine is the secretary of the Lensic Performing Arts Center board of directors and serves as an active member of its fundraising committee, providing guidance and leadership in raising of more than $8 million (to date) toward an overall goal of $10 million. She is currently the chair of the nominating committee and sits on the policy development, long-range planning and executive committees.

Born and raised in Alabama, Katherine attended the Grier School in Tyrone, Pennsylvania, and graduated from Sweet Briar College in Virginia, earning an A.B. in philosophy. As a young businesswoman, she worked for Eastern Airlines in the late 1960s in marketing, special services and VP assistance. This work eventually led to her move to Aspen, Colorado, to develop a special program for the Aspen Association. In this role, she was among the first to design “ski packages,” increasing revenues for hotels, lodges, ski areas and airlines. Katherine later became assistant marketing director of the Aspen Skiing Corporation where she marketed “Ski Aspen.”

In 1980, Katherine founded Lazylands Tree Plantation, where as a conservationist and environmentalist, she developed a planting, maintenance and harvesting plan for genetically improved loblolly pines for pulp and timber on 500 acres of land. She continues to serve as CEO of this effort, while at the same time managing her investments in stocks and real estate.

Since moving to Santa Fe in 1978, Katherine has been an active member of the cultural arts and education community. She served on the board of directors for the Orchestra of Santa Fe for three terms, the College of Santa Fe for eight years, the National Dance Institute for years and Santa Fe Pro Musica for two terms. She has also served on advisory boards for Santa Fe Festival Ballet, Animal Protection of New Mexico and Espanola Animal Shelter.

In her roles at the Lensic Performing Arts Center, she is an enthusiastic advocate for community outreach. She believes that the Lensic is a dynamic space that reflects the artistic and cultural diversity of the community, and she is anxious to see that a well-designed program is developed to serve the young people of the region.