The following summarizes certain biographical and other information for selected non-executive personnel of TFG:
Kaarsten Turner Dalby
Vice President – Ecological Services
Ms. Turner Dalby is Vice President – Ecological Services. Her management responsibilities include oversight of the FSC certification program, and TFG’s efforts to generate increased revenues from a diversity of ecological services including sales of carbon credits and working-forest conservation easements, leasing of wind-energy rights and monetization of non-timber attributes associated with forestland ownership. In addition, Ms. Turner Dalby is involved in the development and implementation of forest management plans involving TFG’s operational staff and non-affiliated forestry management consultants. In her previous position, Ms. Turner Dalby was Senior Director – Ecological Services. Prior to her current roles in ecological services, Ms. Turner Dalby served as Director of Forest Information Systems with management responsibility for the design and implementation of TFG’s Forest Information System. Previously, Ms. Turner Dalby served as a
Forest Information Analyst and started her employment with TFG as an intern in July of 1998.
Prior to her employment with TFG in 1998, Ms. Turner Dalby consulted with a Boston-based TIMO where she identified and researched a diversity of parameters for agroforestry ventures with non-industrial private landowners in New Zealand. She has worked for a number of domestic and international conservation organizations on public and private land management issues.
Ms. Turner Dalby has a B.A. from Smith College and an M.S. from the University of Montana School of Forestry, and an M.B.A. from the University of North Carolina’s Kenan-Flagler School of Business. She has professional affiliations with the Society of American Foresters and the Forest Stewards Guild. Currently, Ms. Turner Dalby serves on the Board of Directors for the World Forestry Center.
Dr. Alex Finkral
Dr. Finkral is The Forestland Group’s Senior Forester, with direct responsibility for advising the TFG regional forestry staff and the forestry management consultants engaged by the General Partner on silvicultural and forest management planning issues. In addition, Dr. Finkral plays a supporting role in the FSC certification process and manages research efforts targeted at the application of improved forest management techniques on TFG-owned properties.
Prior to his employment with TFG, Dr. Finkral was an Assistant Professor of Forest Management at Northern Arizona University’s School of Forestry where he taught courses in Forest Stand Dynamics, Forest Ecosystem Assessment, Forest Operations, Silviculture and Fire Applications.
Prior to his faculty appointment at Northern Arizona University, Dr. Finkral was the manager of Yale University’s School Forests, located in Connecticut, New Hampshire, and Vermont. During his tenure as manager, the Yale Myers Forest in Connecticut became certified by both the Forest Stewardship Council and the Sustainable Forestry Initiative.
In addition to his experience in North American forests, Dr. Finkral has worked on forestry research and management projects in Bosnia-Herzegovina, Republic of the Congo, Honduras, Peru, Sri Lanka, Turkey, and Fiji.
Dr. Finkral holds a B.S. in Natural Resource Management from Colorado State University and M.F. and Ph.D. degrees from Yale University’s School of Forestry and Environmental Studies. His Ph.D. research focused on stand-level growth and developmental responses to—and the economic consequences of—different silvicultural treatments in mixed species forests.
Dr. Finkral is a Certified Forester in the State of Connecticut and a member of the Forest Guild and the Society of American Foresters.
Shawn P. Hagan
Senior Director of Forest Operations – Great Lakes Region
Mr. Hagan is Senior Director of Forest Operations for the Great Lakes Region with responsibility for overseeing the on-the-ground management activities for the approximately 620,000 acres owned by the Prior Affiliated Funds in the region.
Prior to his employment with TFG in 1999, Mr. Hagan served as District Lands Manager for Mead Corporation where he managed over 100,000 acres of forestlands. Mr. Hagan’s experience also includes teaching natural resources management at Northland College and work for the Michigan Department of Natural Resources.
Mr. Hagan has a B.S. in forestry and an M.S. in forest ecology from Michigan Technological University. He is a Registered Forester in Michigan and a member of the Society of American Foresters, for which he received the President’s Award-“Outstanding Field Forester” in 2010. He serves on the Advisory Board to the School of Forest Resources and Environmental Science at Michigan Technological University. Mr. Hagan has served on several Michigan Department of Natural Resources committees and as the President of Copper Country Chapter of Trout Unlimited. In 2012, he was elected as Supervisor for the Elm River Township Board.
Matthew W. Sampson
Senior Director of Forest Operations-Northeast Region
Mr. Sampson is Senior Director of Forest Operations for the Northeast Region with responsibility for overseeing the on-the-ground management activities for the approximately 597,000 acres owned by the Prior Affiliated Funds in the region. Prior to his employment with TFG in 2000, Mr. Sampson served as a Forest Management Analyst for Westvaco Corporation’s Appalachian Forest Operations. In addition, Mr. Sampson served as a Cooperative Forest Management Forester at Westvaco where he directed forest management regimes for non-industrial private landowners. Earlier in his career, Mr. Sampson worked as an associate forester with a leading forestry consulting firm.
Mr. Sampson has a B.S. in Industrial Forest Operations and an M.B.A. from Virginia Polytechnic Institute and State University. He is a member of the Society of American Foresters.
Elizabeth O. Martinez
Senior Director of Geographic Information Systems/Information Technology
Ms. Martinez is the Senior Director of Geographic Information Systems and Information Technology with management responsibility for TFG’s operational plans and data integration for research and reporting. Responsibilities include digital mapping and reporting for fund properties, acquisition due-diligence mapping, mobile mapping, in-house technology training and technical support, and integration of GIS with the FIP system. Her IT responsibilities include maintenance and updating of hardware and software, server integration and remote access, disaster recovery plans, technology purchasing and IT support.
Prior to her employment with TFG in 1996, Ms. Martinez was a Research Associate at The Research Triangle Institute (RTI) in Research Triangle Park, North Carolina, focusing on the development and testing of national surveys. Prior to RTI, Ms. Martinez was with the Ministry of Works Head Office in Wellington, New Zealand, and was responsible for resource planning for Northland, New Zealand.
Ms. Martinez has a B.A. in Environmental Planning from the University of California Santa Cruz and an M.R.P. (Planning) from the University of North Carolina at Chapel Hill. Ms. Martinez is a Certified Geographic Information Science Professional (GISP) and Vice President of the ESRI Forestry Group.
Craig R. Kaderavek
Senior Director of Forest Operations-Appalachian Region
Mr. Kaderavek is Senior Director of Forest Operations for the Appalachian Region with responsibility for overseeing the on-the-ground management activities for the approximately 723,000 acres owned by the Prior Affiliated Funds in the region.
Prior to his employment with TFG in 2000, Mr. Kaderavek served as a Timber Management Supervisory Forester with the USDA Forest Service on the Jefferson National Forest and a Forest Technology Instructor for the Associates in Applied Science degree program at Dabney S. Lancaster Community College. He also served two years with the Peace Corps in Honduras working on reforestation and soil stabilization projects.
Mr. Kaderavek has a B.S. in Forest Resource Management from West Virginia University. He is a Registered Forester in West Virginia and a Certified Forester with the Society of American Foresters.
Andrew W. Norris
Senior Director of Forest Operations-Southern Region
Mr. Norris is Senior Director of Forest Operations for the Southern Region with responsibility for overseeing the on-the-ground management activities for the approximately 760,000 acres on 23 properties owned by the Prior Affiliated Funds in the region.
Prior to his employment with TFG in 2004, Mr. Norris served as Senior Resource Forester for Plum Creek’s Macon, Georgia district where he managed over 130,000 acres of forestlands. His responsibilities included silvicultural programs, forest productivity, inventory systems, GIS, harvesting, and leasing programs. Prior to Plum Creek, Mr. Norris held positions in procurement, land management, and private landowner forest management assistance with Georgia-Pacific Corporation and The Timber Company. Mr. Norris’s experience also includes forestry educational outreach in North Carolina and Georgia to landowners, teachers, and grade school students.
Mr. Norris has a B.S. in Forest Resource Management from Virginia Polytechnic Institute and State University. He is a Registered Forester in North Carolina and a member of the Society of American Foresters, where he has served five times as Chapter Chair.
Thresa Pressley Henderson Ms. Henderson serves as the Senior Director of Forest Information Systems (FIS). Her responsibilities include comprehensive inventory database management inclusive of establishing initial volumes by species at the time of property acquisition, maintaining current inventory volume through harvest removals, recognition of biological growth, property additions, management cruise volume updates, and disposition removals. In addition, Ms. Henderson works as a liaison for TFG as a member of the Southern Forest Resource Assessment Consortium. In this capacity, she provides information to the Senior Forester for potential research projects, and assists the Senior Vice President of Forest Operations in communicating with this organization. Previously, Ms. Henderson served as the Director of Forest Information Systems and assisted the former Director of FIS as a consultant to TFG in 2003 until being hired as a permanent employee in July of 2004.
Director of Forest Information Systems
Prior to her employment with TFG in 2004, Ms. Henderson was the Controller for the North Carolina office of a Pennsylvania-based information technology corporation. She worked in an accounting capacity for 15 years prior to returning to school for post-graduate work in forestry.
Ms. Henderson has a B.S. in Business Administration from Appalachian State University, and a Master of Forestry from North Carolina State University. She is a professional member of the Society of American Foresters. She is the 2014 Chair for the Triangle Chapter of the North Carolina Division of the Appalachian Society of American Foresters.
David E. Fehringer
Assistant Regional Director-Great Lakes Region
Mr. Fehringer is Assistant Regional Director of Forest Operations for the Great Lakes Region with reporting responsibility to the Senior Director in overseeing the on-the-ground management activities for the approximately 620,000 acres owned by the Prior Affiliated Funds in the region.
Prior to his employment with TFG in 2003, Mr. Fehringer served as Forestry Coordinator and District Manager for International Paper Company where he directed harvesting and forestry operations on 230,000 acres of forestlands. Mr. Fehringer’s experience also includes forestry instruction at Michigan Technological University.
Mr. Fehringer has a B.S. in forestry from Michigan Technological University, where he also pursued post-graduate studies in Wildlife Management. He is a Registered Forester in Michigan and a member of the Society of American Foresters.
James G. Wilhelm
Assistant to Regional Director-Appalachian Region
Mr. Wilhelm is Assistant Regional Director of Forest Operations for the Appalachian Region with reporting responsibility to the Senior Director in overseeing the on-the-ground management activities for approximately 280,000 of the acres owned by the Prior Affiliated Funds in the region.
Prior to his employment with TFG in 2003, Mr. Wilhelm served as Forest Technician II for MeadWestvaco where he directed harvesting and forestry operations on 140,000 acres of forestlands. Mr. Wilhelm’s responsibilities also included oversight of boundary line maintenance, road construction and tree planting programs.
Mr. Wilhelm has an A.A.S. in Forestry from Dabney S. Lancaster Community College. He is a Registered Forest Technician in West Virginia, a member of the Society of American Foresters and serves as a West Virginia Forestry Association Board Member.
Samuel W. Rorabaugh
Senior Forestland Analyst
Mr. Rorabaugh is Senior Forestland Analyst and is involved with Forestland acquisition due diligence and valuation modeling as well as valuation and marketing activities related to Forestland dispositions. He also coordinates third-party appraisals and timber and timberland market analysis. Prior to his current role, Mr. Rorabaugh served as Forestland Analyst.
While in undergraduate and graduate schools, Mr. Rorabaugh held a diverse array of internships and other temporary positions, including timberland market and country risk analysis for First Forest GmbH in Munich, Germany, southern pine management for Weyerhaeuser Co.’s North Carolina Timberlands, consulting forestry work in Pennsylvania, and procurement and operations work for his family’s hardwood lumber mill in Pennsylvania.
Mr. Rorabaugh has a B.S. in Forestry from Virginia Polytechnic Institute and State University and a Master of Forest Resources from the University of Georgia’s Warnell School of Forest Resources in Forest Business Management. Professionally, Mr. Rorabaugh has presented research through the Southern Forest Economist Workers (SOFEW) organization and at the Center for Forest Business at the University of Georgia’s Timberland Investment Conference.
Erika M. Viall, CPA
Senior Director of Financial Operations
Ms. Viall is Senior Director of Financial Operations with primary responsibility for financial reporting, managerial accounting, and financial operations for the funds administered by TFG. Her primary financial management responsibilities include the production of quarterly financial reports, financial return analysis, ensuring debt financing compliance, coordination of the annual audit and tax returns, maintenance of an adequate system of accounting records, and ensuring that the fund’s accounting procedures conform to generally accepted accounting principles.
Prior to her employment with TFG in 2000, Ms. Viall was a Senior Accountant with Ernst & Young, LLP in Raleigh, North Carolina. At Ernst & Young, she performed all phases of financial audits for a diverse client base, including TFG. Previously, Ms. Viall was employed in accounting functions at regional public accounting firms in Louisville, Kentucky and Camp Hill, Pennsylvania. In addition, Ms. Viall was an Assistant Accountant with Duke Energy in Charlotte, North Carolina.
Ms. Viall has a B.S. in Accounting from North Carolina State University. Ms. Viall is a Certified Public Accountant in North Carolina, a Chartered Global Management Accountant and a member of the American Institute of Certified Public Accountants and the North Carolina Association of Certified Public Accountants.
Mr. Wallace is Senior Director of Risk Management and Taxation with primary responsibility for coordinating the Prior Affiliated Funds’ income tax reporting and compliance. Additionally, he serves on TFG’s financial reporting team. Areas of responsibility include investment return analysis, associated compliance with the New Markets Tax Credit debt financing program, REIT qualification testing, and chairing of the firm’s Risk Management Committee.
Senior Director of Risk Management and
Mr. Wallace has over 22 years of financial accounting and corporate tax experience with public and private companies. Prior to his employment with TFG in 2010, Mr. Wallace was the Controller for Pappas Ventures, a life science biotechnology venture capital firm with approximately $350 million under management. At Pappas Ventures, Mr. Wallace was responsible for financial and tax reporting as well as portfolio company valuations, liquidation and reserve analysis, management reporting to the firm’s investment committee, and various special projects related to the disposition of the firm’s portfolio companies.
Prior to Pappas Ventures, Mr. Wallace was the Controller for Southeast Interactive Technology Funds, a technology focused venture firm that had approximately $175 million under management. He has also served as the Assistant Controller for aaiPharma, a publicly traded pharmaceutical development company, where he focused on corporate accounting and SEC reporting.
Prior to aaiPharma, Mr. Wallace was a senior corporate tax consultant and financial analyst with Qualex, Inc., Eastman Kodak Company’s largest domestic subsidiary with over one billion dollars in annual revenue. At Qualex, Mr. Wallace spent three years in the corporate tax department focusing on federal and multistate tax planning and compliance before transitioning to the corporate finance department where he was responsible for the financial analysis of Colortron Photo Services Ltd., Qualex Inc.’s wholly owned Canadian subsidiary with approximately $50 million (Canadian) in annual revenues.
Mr. Wallace began his career as a Tax Staff Accountant and Senior Tax Accountant with Ernst and Young, LLP.
Mr. Wallace has a B.S. in Business Administration and a Masters in Accounting from the University of North Carolina at Chapel Hill. He is a member the North Carolina Association of Certified Public Accountants and an associate member of the Association of Certified Fraud Examiners.
Valerie Holt Leary, CPA
Financial Reporting Manager
Ms. Leary is the Financial Reporting Director with primary responsibility for managing cash flow functions and associated treasury operations. In addition, she is a direct report to the Senior Director of Financial Operations providing primary support in quarterly financial reporting and annual audits across all TFG affiliated Funds.
Ms. Leary began her career with TFG in 1998 and has worked as a Staff and Senior Accountant and Financial Reporting Manager across various accounting functions.
Ms. Leary holds a B.A. from the University of North Carolina, and a separate Accounting Concentration from North Carolina State University. Ms. Leary is a Certified Public Accountant in North Carolina and a member of the North Carolina Association of Certified Public Accountants and the American Institute of Certified Public Accountants, where she serves as a panel discussion leader. Ms. Leary is a Chartered Global Management Accountant as well.