Most recently Mr. Capellas has served as Chief Executive Officer of MCI Inc. (formerly Worldcom) from 2002 until its acquisition by Verizon in 2006, and Chairman from 2002 to 2004. He also served as Chief Executive Officer of Compaq Computer Corporation from 1999 to 2002, and Chairman from 2000 to 2002. He subsequently served as President of Hewlett-Packard Company following the acquisition of Compaq by Hewlett-Packard. Since 2006, Mr. Capellas has served as a Senior Advisor to Silver Lake Partners, an investment firm focused on investments in technology-related industries. Mr. Capellas said: „“As a leading provider of electronic commerce and payment solutions for financial institutions, merchants and other organizations throughout the world, First Data has had a tremendous heritage for success. I look forward to joining First Data at this pivotal time and believe the company is uniquely positioned to pioneer innovative technologies for the next-generation of electronic and mobile commerce around the world.““ Ric Duques, Chairman and CEO of First Data, said: „“Michael is by any measure an accomplished, energetic and visionary CEO and I will be stepping down with the utmost confidence that he will be leading this great company to an even brighter future. Under Michael’s leadership, I am certain that the company will find more innovative ways to grow First Data’s powerful competitive position in the electronic payment and merchant markets, as well as its rapidly expanding international business.““ Mr. Capellas joined Compaq in 1998 as Chief Information Officer and also served as Chief Operating Officer before being named CEO. Prior to joining Compaq, he served in senior-level positions with Oracle Corporation and SAP AG and in a variety of technology and financial positions with Schlumberger, Ltd. Mr. Capellas received a bachelor of business administration degree from Kent State University. He is a member of the Board of Directors of Cisco Systems Inc. and serves on the national board of the Boys and Girls Club of America. www.firstdata.com