American Public Media Group

Addison L. Piper retired from Piper Jaffray effective at the end of 2006, having served as vice chairman of Piper Jaffray Companies since the completion of our spin-off from U.S. Bancorp on December 31, 2003. He worked for Piper Jaffray from 1969 through 2006, serving as assistant equity syndicate manager, director of securities trading and director of sales and marketing, before serving as chief executive officer from 1983 to 2000 and as chairman from 1988 to 2003. From 1998 through August 11, 2006, Piper also had responsibility for our venture and private capital fund activities. Piper holds a bachelor's degree in economics from Williams College and a Master of Business Administration degree from Stanford University. Piper is a member of the board of directors of Renaissance Learning Corporation, Minnesota Public Radio, American Public Media Group and regent of St. Olaf College. Piper is the former chair of Abbott Northwestern Hospital and Minnesota Communications Group, former vice-chair of the Minneapolis Downtown Council and Board of Governors of the Securities Industry Association, former chair of the NYSE Regional Firms Advisory Group Committee, former director of Allina Health System, Minnesota Business Partnership, St. Martin's Church Foundation, Greenspring Corporation, and former trustee of Woodhill Country Club, Guthrie Theater, Washburn Children Guidance Center and the Stanford University Business School Trust. Piper recently served as senior warden at St. Martins By-the-Lake Church.