Herbert S. Winokur, Jr.
Wilson Council

Biography
Herbert Winokur is Chairman and Chief Executive Officer - Capricorn Holdings, Inc., a private equity investment firm, and Managing General Partner of Capricorn Investors II, L.P. and Capricorn Investors III, L.P. These limited partnerships invest in, or acquire, companies with the goal of long-term superior capital appreciation through financial or operating restructuring and industry consolidation. Capricorn’s portfolio investments have encompassed companies whose revenues exceed $3 billion and which employ more than 25,000 people. Principal investors in the partnerships include major endowments, pension plans, financial institutions and private individuals. Examples of present and prior portfolio investments include: DynCorp, one of the nation's largest government information technology and technical service contractors; Mrs. Fields' Famous Brands, Inc., one of the nation's largest operator and franchisor of retail stores, including Mrs. Fields Cookies, TCBY Yogurt, and other cookie and pretzel brands; NATCO Group, Inc., the largest oil field services company focused on oil and gas separation and related activities; CCC Information Services Group, Inc., a major provider of software tools to the automobile insurance and collision repair sectors; and NHP, Inc., formerly the second-largest owner and manager of apartments in the U.S.

Mr. Winokur previous positions include, Senior Executive Vice President, Member of the Office of the President, and Director - Penn Central Corporation Direct where he was responsible for all business units with revenues of approximately $2.5 billion. He successfully developed and implemented programs that reduced corporate overhead costs by more than $40 million annually; reorganized Penn Central's technology entities to focus on higher-return and higher-growth product lines; and initiated and completed a number of major restructuring transactions and divestments.

Pacific Holding Corporation - Senior Vice President: initiated the acquisition of Cannon Mills Corporation, a $400 million transaction, where he led the structuring of the acquisition by Occidental Petroleum of Cities Service Company for $4.1 billion, and subsequent divestitures of assets.

Victor Palmieri and Company: Chief Executive Officer of Pinehurst, Incorporated, a 9,500-acre premier golf resort and shelter community in North Carolina; initiated and assisted in the purchase by pension funds of $150 million of diverse real estate assets from First National Bank of Chicago.

Pennsylvania Company, Vice President for Corporate Development: responsible for planning and implementing energy and entertainment industry growth strategies.

Buckeye Pipe Line Company, Vice President of Finance and Treasurer: responsible for pricing, acquisitions, bank relations and oversight of controller and accounting functions.


Between 1970 and 1974 he Co-founded and was Chairman of the Board at ICF, Inc., Washington, D.C. ICF, is a management consulting firm, specialized in policy planning for senior government and business officials, which later became ICF Kaiser. Projects included designing implementation plans for the D.C. School System to respond to court-ordered desegregation; studying the cost of health professional education for the Institute of Medicine (National Academy of Sciences), and establishing an office of international energy policy for the U.S. Department of Treasury.


During 1967 to 1970 Mr. Winokur was a U.S. Army Officer assigned to Office of the Secretary of Defense, with staff responsibilities for the design of manpower, aircraft, and financial control systems, reporting to the Assistant Secretaries of Defense (Systems Analysis and Comptroller).
He also served as Consultant to President’s Cabinet Task Force on Oil Import Controls.

Mr. Winokur’s affiliations include Mrs. Fields' Famous Brands, Inc, Chairman of the Board,
Holland Fund Series, Inc., Director, member of the Audit Committee Second Stage Theatre, Trustee National Humanities Center, Trustee, JSTOR, Trustee.

Mr. Winokur’s principal past positions have been the Search Committee for Current Director of the Chairman, Harvard Corporation Member, Harvard Management Company Director (oversees the Harvard University endowment), CCC Information Services Group, Inc. Director, Enron Corporation Director, Nac Re Corporation Director, NATCO Group, Inc. Director, US Leasing International, Inc. Director, UCLA Medical Center Member, Board of Advisors and Committee Chair, Greenwich Academy Trustee, New-York Historical Society Co-chair and Interim CEO, various directorships of Capricorn portfolio companies.