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Philip R. Tracy was formerly the President and Chief Executive Officer of Burroughs Wellcome Co., a major research-based pharmaceutical company with $1.2 billion in sales and 5,000 employees. Mr. Tracy has served on the boards of directors of the Pharmaceutical Research and Manufacturers Association of America and the Nonprescription Drug Manufacturers Association. Mr. Tracy is a venture partner with Intersouth Partners and currently serves on the boards of directors of two Intersouth portfolio companies. He is also Of Counsel with Smith, Anderson, Blount, Dorsett, Mitchell and Jernigan, L.L.P. He received his B.A. from University of Nebraska and his J.D. from George Washington University.