Mr. Michon has been President of three regional railroads, the Colorado & Southern, the Fort Worth & Denver, and the Bangor & Aroostook. He has over 25 years experience with both Union Pacific and Burlington Northern Railroads. He has played an active role throughout his career in leading railroad merger and acquisition activity both as a corporate executive and as a consultant. He has held senior marketing and strategic planning positions with BN and UP.

Mr. Michon is also among the world's foremost advisors on reforming the state-owned and state-subsidized railway enterprises of Eastern Europe and the republics of the former Soviet Union. His services as Advisor yielded significant results in the reform and privatization of the Polish State Railways (PKP).

More recently Mr. Michon has been actively engaged in exporting railway equipment to Poland. Domestically, his consulting practice concentrates on marketing and financial advice for regional railroads.

Mr. Michon was lead advisor for the privatization of DEC, the largest tank car leasing company in Poland. The transaction concluded successfully in March 2001 when GATX, an American leasing company, purchased DEC from the Polish government.

Mr. Michon's extensive involvement in the railways of Poland started in 1990 at the end of the Soviet era in Eastern Europe.

As an executive with the Union Pacific Railroad, he was asked by his company and the US Government to be part of a small team of advisors. The objective was to assist the Polish Government and its State Railroad to understand and deal with the watershed change from the former centralized political, social and economic environment to that of a capitalistic, democratic free economy. This effort began under the auspices of the Citizens Democracy Corps which UP's Chairman headed. Subsequently, Mr. Michon continued this work for more than a decade as a consultant with Mercer Management Consulting Company, Arthur D. Little and later, in his own private practice.

Mr. Michon served as an advisor to the Ministry of Transport and Maritime Economy in Poland under the sponsorship of the Center for Strategic and International Studies. He reported directly to the Deputy Minister in charge of railroads and participated directly in policy recommendations especially regarding the formulation of the Law on Commercialization, Restructuring and Privatization of Polish State Railways which became effective on 8 September 2000. This law clearly spells out the process for the privatization of PKP and its timetable.

Mr. Michon has an MBA from Tulane University and a BS in Economics from Lehigh University. He also completed the AMP at Harvard Business School. He and his wife Evie reside in North Falmouth Massachusetts where he continues his independent consulting practice.

Alfred may be contacted via telephone at 508-563-9449, or via e-mail through this web site.