Ex-Gap CEO Paul Pressler Joins CD&R

Paul Pressler has joined Clayton, Dubilier & Rice as an advisor. He previously was president and CEO of Gap Inc., and before that spent 15 years with The Walt Disney Company.

Clayton, Dubilier & Rice today announced that seasoned consumer products, leisure and retail executive, Paul S. Pressler, has joined the Firm as an advisor.

Mr. Pressler has extensive operating and consumer marketing experience in leading some of the best known brands around the world. He served as president and chief executive officer of Gap Inc., a $16 billion global specialty retailer, from 2002-2007. Previously, Mr. Pressler spent 15 years with The Walt Disney Company. Most recently, he was chairman of the company’s global theme park and resorts division. Mr. Pressler previously served as president of Disneyland and president of The Disney Stores.

Mr. Pressler serves on the board of directors of Avon Products, Inc. where he is chairman of the Finance Committee and member of the Audit Committee. He is also a director of OpenTable, Inc. and Overture Acquisition Corporation.

CD&R’s full-time operating partners and advisors have held senior leadership positions in major global corporations across a range of industries. Members of CD&R’s advisor group work actively with the Firm on sourcing and evaluating new transactions, as well as providing strategic insights related to CD&R portfolio company matters.

About Clayton, Dubilier & Rice

Founded in 1978, Clayton, Dubilier & Rice, Inc. is a private equity firm with an investment strategy predicated on producing superior financial returns through building stronger, more profitable businesses. The Firm’s professionals include a combination of financial and operating executives. Since inception, CD&R has managed the investment of more than $12 billion in 43 U.S. and European businesses – mostly subsidiaries or divisions of large multi-business corporations – representing a broad range of industries with an aggregate transaction value of approximately $70 billion and revenues nearly $100 billion. The Firm is based in New York and London. www.cdr-inc.com.