William Dezellem

WILLIAM DEZELLEM, Senior Vice President and Senior Portfolio Manager, is
the lead manager of Davidson Investment Advisors’ Small/Mid Cap Value
strategy and a member of the Investment Committee. Prior to joining
Davidson Investment Advisors, he was Vice President and Senior Research
Analyst at ICM Asset Management. Mr. Dezellem is a Cum laude graduate of
Central Washington University where he received a BA in Business
Economics and a BS in Business Administration-Finance. He received the
Chartered Financial Analyst designation in 1993.