Ronald J. Sorenson

Ronald J. Sorenson is Vice Chairman, Chief Executive Officer, Chief Investment
Officer and Portfolio Manager at W.H. Reaves & Co., Inc. He joined the company
in 1991. He was elected Vice Chairman and Chief Executive Officer in September,
2005 after previously holding the position of Chief Investment Officer. He is
also responsible for portfolio management and development of private client
accounts. Before joining W. H. Reaves, he was a co-owner and Portfolio Manager
of an investment advisory firm, PVF Inc. He was also Director of the BMC Fund
Inc., a closely held mutual fund. He has more than 24 years’ experience in the
investment industry and has served as Chairman of the Board for American Life
Insurance Company of New York. For nine years, he lived in London, England,
where he was engaged, on behalf of private investors, in managing investments in
the United States in both listed securities and private equity. Before moving to
London, he practiced public accounting with Arthur Young & Co. where he gained
experience with companies in a variety of industries, including energy and
technology. He received an undergraduate degree from Stanford University and an
MBA degree from Columbia University, where he concentrated in Accounting and
Finance. He is a Certified Public Accountant.