PETER WARD joined Lehman Brothers in 1994 as an Assistant in the
Equity Research Department. In 1996, he became a Research Analyst
covering metals and mining companies and was named Senior Vice
President in 2002. He has 16 companies under coverage in six
subsectors: aluminum, coal, copper, diversified mining, gold and
steel. In 2001 and 2002, he was ranked by Institutional Investor
magazine as one of the leading metals and mining analysts, and in
1998, 1999 and 2000, he was recognized by The Wall Street Journal
for stock picking and earnings estimate accuracy. He earned a BA
in Economics from Furman University, an MBA from the University
of Rhode Island and is a Chartered Financial Analyst.
Outlook For Metals & Mining: Peter Ward - Lehman Brothers
December 23, 2002