Paul C. Hilal

INDEPENDENT

Extensive Financial and Corporate Governance Experience 

Background

• Paul C. Hilal is the founder of Mantle Ridge LP and has served as its Chief Executive Officer since its founding in 2016.
• Prior to forming Mantle Ridge, Mr. Hilal was a Senior Partner at Pershing Square Capital Management from 2006 to 2016, where he focused on both passive and activist investing projects. 
• Mr. Hilal is the Vice Chairman of the board of directors of CSX Corporation (Nasdaq: CSX) and also currently serves as the Vice Chairman of the board of directors of Dollar Tree, Inc. (Nasdaq: DLTR). 
• Mr. Hilal previously served as Vice Chairman of the board of directors of Aramark Corporation (NYSE: ARMK) from 2019 to 2023, as a director of Canadian Pacific Railway Limited (TSX, NYSE: CP) and Chairman of its Management Resources and Compensation Committee from 2012 to 2016.  He also served as Chairman and acting Chief Executive Officer of Worldtalk Communications from 1999 to 2000. 
• Mr. Hilal holds a B.A. in biochemistry from Harvard College in 1988, a J.D. from Columbia Law School in 1992, and an M.B.A. from Columbia Business School in 1992, and currently serves on the Board of Overseers of Columbia Business School.

Qualifications, Attributes and Key Skills

• Mr. Hilal has significant expertise in strategy, capital allocation, value creation, capital markets, operational transformation, corporate governance, and other matters. 
• Mr. Hilal brings extensive knowledge of the industrial gas industry, capital intensive industries, and experience in value investing. 
• He has served on the boards of a number of public companies, providing the Board with a key strategic perspective, including with respect to board restructuring, succession planning and operational transformation.