Ted D. Kellner

TED D. KELLNER, Chairman and CEO, is one of the co-Founders of Fiduciary
Management, Inc., and he is a member of the firm’s Investment Policy
Committee. He is primarily responsible for equity research for a variety
of industries and is involved in the client servicing of several of the
firm’s institutional relationships. Mr. Kellner began his career as an
analyst for Brittingham, Inc. (1968 to 1972) and then served as a
Portfolio Manager at the Nicholas Company, Inc. (1973 to 1980). Mr.
Kellner received a BBA degree from the University of Wisconsin and is a
member and past President of the Milwaukee Analysts Society. He has
earned the right to use the AIMR’ Chartered Financial Analyst
designation.