Michael P. Esposito Jr.
Director, Forest City Enterprises, Inc.

Michael P. Esposito Jr. is a member of the board of directors of Forest City Enterprises, Inc.

Until his retirement from XL Capital Ltd (NYSE: XL) on December 27, 2007, Esposito served as non-executive Chairman of the Board of Directors of XL, a provider of insurance and reinsurance coverage and financial products and services, since 1995 and as a director since 1986. Since 1997, he has served as a director of Annuity and Life Re (Holdings), Ltd., a life reinsurance company. Esposito served as Co-Chairman of the Board of Directors of Inter-Atlantic Capital Partners, Inc., an investment banking firm, from 1995 to 2000. In 2007, he became non-executive Chairman of the Board of Directors of Security Capital Assurance Ltd. Esposito served as Executive Vice President and Chief Corporate Compliance, Control and Administration Officer of The Chase Manhattan Corporation from 1991 to 1995, having previously served as Executive Vice President and Chief Financial Officer from 1987 to 1991.

Other activities over the years include leadership positions within the Bank Administration Institute, American Bankers Association, Conference Board, Financial Accounting Standards Board, and Financial Executives Institute.

He received his bachelor's degree in marketing from the University of Notre Dame and his MBA from New York University. He also completed the Executive Program for Business at Columbia University. He was a lieutenant in the U.S. Marine Corps.