Charles T. Fote has been a Director of First Data Corp. since 2000, Chairman since January 2003, President and Chief Executive Officer since January 2002. Mr. Fote served as President and Chief Operating Officer of First Data Corp. from September 1998 to January 2002 and served as Executive Vice President from its initial public offering in April 1992 until September 1998. He was a Director of First Data Corp. from the time of its formation in April 1989 as a subsidiary of American Express Company until First Data Corp.'s initial public offering. Mr. Fote also served as President of Integrated Payment Systems ('IPS') from December 1989 through December 1991. From 1985 until 1989, he was Executive Vice President of the Payment Products division of TRS, the predecessor of IPS.