Board of Directors

The Board of Pershing Square Holdings, Ltd. (the “Company”) consists of Nicholas Botta, Bronwyn Curtis, Charlotte Denton, Andrew Henton, Tope Lawani, and Rupert Morley. Directors other than Mr. Botta, who is President of Pershing Square Capital Management, L.P., the Company’s Investment Manager, are independent. Mr. Morley is the Chairman of the Board. Ms. Curtis is the Senior Independent Director.

The Board meets regularly throughout the year, at least on a quarterly basis, and maintains regular contact between meetings with the Investment Manager and Northern Trust International Fund Administration Services (Guernsey) Limited, the Company’s Administrator. The Directors are kept informed of investments and other matters relevant to the operation of the Company that would be expected to be brought to the Board’s attention.

Rupert Morley

Independent Director, Chairman of the Board, Chairman of the Management Engagement Committee and Nomination Committee

Mr. Morley, a U.K. resident, is a trustee of Comic Relief and chair of its investment advisory group. He serves as chairman of the board of Bremont Watch Company. Mr. Morley previously served as CEO of Sterling Relocation, Hamptons estate agency and and managing director of Swan Hellenic Cruises. He also previously served as operations director of Brierley Investments Limited, a non-executive director of Thistle Hotels, English Welsh & Scottish Railways and Graham-Field Health Products and president of the Fédération Internationale des Déménageurs Internationaux (FIDI).

He has a degree in economics from Cambridge University and an MBA from Harvard Business School where he was a Kennedy Scholar.

Bronwyn Curtis, OBE

Senior Independent Director, Chairman of the Remuneration Committee

Ms Curtis, a U.K. resident, has been an independent Director of the Company since April 2018. Ms Curtis is a global financial economist who has held senior executive positions in both the financial and media sectors. She currently serves as a non-executive director of a number of institutions including the U.K. Office for Budget Responsibility, BH Macro, Mercator Media, TwentyFour Income Fund, and Scottish American Investment Co.

She has also been a Governor at the London School of Economics. Ms Curtis held several senior positions at HSBC from 2008 to 2012 where she managed the global research operations and portfolio including the economic, fixed income, foreign exchange and equity products. From 1999 to 2006, Ms. Curtis was the Head of European Broadcast at Bloomberg LP, where she was responsible for production and editorial for its 24-hour business and financial news coverage.

Prior to joining Bloomberg, she held positions at Nomura International and Deutsche Bank and worked as a consultant for the World Bank and the UN. Ms Curtis is a graduate of the London School of Economics and LaTrobe University in Australia where she received a Doctor of Letts in 2017. She was awarded an OBE in 2008 for her services to business economics.

Nicholas Botta

Mr Botta, a U.S. resident, has been a Director of the Company since 2012. He is also a director of Pershing Square International, Ltd. Until March 1, 2017, when Mr Botta became President of the Investment Manager, he was the Investment Manager’s Chief Financial Officer.

He also worked as controller and then as Chief Financial Officer of Gotham Partners from 2000 to 2003. From 1997 to 2000, Mr Botta was a senior auditor at Deloitte & Touche in its securities group. He was also a senior accountant from 1995 to 1997 for Richard A. Eisner & Co., LLP.

Mr Botta received his Bachelor of Accounting from Bernard Baruch College in 1996. Mr Botta is a certified public accountant.

Charlotte Denton

Charlotte is a resident of Guernsey and has served on boards for nearly twenty years in both regulated and non-regulated businesses (including listed funds) in both executive and non-executive capacities.

Since 2019 she has been a Non-Executive Director of various entities including the GP boards of Private Equity groups Cinven and Hitec as well as other private companies. She is currently the Audit Chair for the listed Investment Company Starwood European Real Estate Finance. During Charlotte’s executive career she worked in various locations through roles in diverse organisations, including KPMG, Rothschild, Northern Trust, a property development startup and a privately held financial services group.

Charlotte holds a degree in politics from Durham University. She is a Fellow of the Institute of Chartered Accountants in England and Wales, a Chartered Director and a Fellow of the Institute of Directors as well as a member of the Society of Trust and Estate Practitioners.

Andrew Henton

Independent Director, Chairman of the Audit Committee and Risk Committee

Mr. Henton, a Guernsey resident, has been an independent director of the Company since September 2020. Mr. Henton has wide board experience of both regulated and non-regulated businesses (including listed funds) in both executive and non-executive capacities. He previously Chaired the Board of Boussard & Gavaudan Holding Limited, a listed closed-ended investment company. Mr. Henton currently serves on the Boards of several private entities. He is Chair of the Board of Butterfield Bank Jersey Limited and SW7 Holdings Limited, and serves as a member of the Board of Butterfield Bank Guernsey Limited, Longview Partners (Guernsey) Limited and Close Brothers Asset Management (Guernsey) Limited.

Between 2002 and 2011, Mr. Henton held various positions at Close Brothers Group plc, latterly acting as Head of Offshore Businesses. During this time, he led the creation of Close Private Bank, which provided asset management, banking, and administration services to high net worth and institutional clients. Mr. Henton previously spent four years working in HSBC’s Corporate Finance division and three years as a Fund Manager with Baring Private Equity Partners.

He graduated from Oxford University in 1991 and subsequently qualified as a Chartered Accountant with PricewaterhouseCoopers in London, specializing as a corporate tax consultant.

Tope Lawani

Independent Director

Mr. Lawani, a Nigerian national, is a co-founder and managing partner of Helios Investment Partners and co-CEO and a director of Helios Fairfax Partners Corp (TSX:HFPC). Prior to forming Helios, he was a principal in the San Francisco and London offices of TPG Capital. He began his career as a mergers & acquisitions and corporate development analyst at the Walt Disney Company.

Mr. Lawani serves as a non-executive director of Helios Towers plc. and NBA Africa. Mr. Lawani is a member of the Harvard Law School Dean’s Advisory Board and the international board of The END Fund, a leader in the global health movement to tackle Neglected Tropical Diseases.

He previously was a non-executive director of several public companies, including Vivo Energy plc., Equity Group Holdings Plc (NSE-NAIROBI:EQTY.NR), First City Monument Bank Plc (NSE:FCMB), and Millicom International Cellular (NASDAQ:TIGO). He also previously was a member of the MIT Corporation (Massachusetts Institute of Technology’s Board of Trustees), served as a board observer of the board of directors of J. Crew, Inc. and Burger King Corp., and on the MIT School of Engineering Dean’s Advisory Council, the Overseers’ Visiting Committee of the Harvard Business School, the MIT OpenCourseWare Advisory Board and on the Board of Directors of the Emerging Markets Private Equity Association (EMPEA).

Mr. Lawani received a B.S. in Chemical Engineering (with a Minor in Economics) from the Massachusetts Institute of Technology, a Juris Doctorate (cum laude) from Harvard Law School and an MBA from Harvard Business School. He is fluent in Yoruba, a widely spoken West African language.