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Name and title: Corey Grauer, vice president, general counsel and secretary Age: 41 The company: Sterigenics International Inc., based in the Chicago suburb of Oak Brook, Ill., provides customized sterilization and ionization services for clients in the health care, medical device and pharmaceutical markets. It also targets the high performance/specialty materials industry and the food safety arena. Sterigenics offers consulting, laboratory and distribution services, and is the only company in its field to use all modes of sterilization, including gamma ray, ethylene oxide, electron beam, X-ray and steam. It designs and builds its own irradiation systems as well. The company employs more than 1,000 people and operates 40 service centers in North America, Europe and Asia. Sterigenics is privately held, and Grauer declined to disclose revenues, other than to acknowledge that “you can safely say it is a midsized company.” Daily duties: No one day on the job is typical for Grauer, who identifies himself as a generalist. He is involved in everything, from slips and falls to major litigation or transactions, should they occur. With his duties running the gamut-and perhaps in a subconscious nod to his previous work at a Pepsi bottling company-he refers to himself as Sterigenic’s general counsel, secretary and “chief bottle washer.” Grauer reports directly to Chief Financial Officer Fred Ruegsegger and to Chief Executive Officer David E. Meyer. He also reports to all members of the company’s senior management. Scientific advances have influenced both Sterigenics and his job there. Environmental laws also come to bear. The relevant technology has been relatively consistent for the past 20 or 25 years, Grauer said, so the technological focus is more on “fine-tuning.” The GC maintains a “topical” awareness of foreign laws. Overseas, as domestically, the field is highly regulated, but with different areas of focus than in the United States. Sterigenics plans several expansions and plant openings in France and Belgium. It has launched new sterilization facilities in Wiesbaden, Germany, and Shanghai, China, so Grauer’s job perhaps will assume more of a foreign flavor. Sterigenics and regulators: The sterilization industry is one that, in view of its nature, is “extremely safety minded,” Grauer said. Stringent efforts are made to exceed the threshold requirements of safety. Accordingly, Grauer deals regularly with regulators from the U.S. Department of Agriculture (USDA), the Environmental Protection Agency, the Food and Drug Administration (FDA) and the Occupational Safety and Health Administration. Typical of Sterigenic’s dealings with regulators was its gaining approval from the USDA for the irradiation of red meat, a process designed to eliminate harmful bacteria and food-borne pathogens such as E. coli and listeria. The company has petitioned the FDA to allow the use of ionization radiation in the production of certain foods, designed to safely reduce the amount of Clostridium botulinum toxin. As a private company, Sterigenics is not mandated to adhere to all the requirements of the Sarbanes-Oxley Act of 2002, but strives to meet them nevertheless-in part to ease the process should it go public in the future. Legal team and outside counsel: Sterigenic’s legal apparatus consists of “myself and an assistant,” Grauer said. In areas in which he has experience, Grauer tries to keep the work in-house, with the exception of litigation. Although he has an extensive litigation background, he farms out the cases, but assists on them. Being part of a small legal team, he lacks the resources to handle discovery and depositions internally. He noted, however, that he would “second-chair” a trial were Sterigenics involved. Financings go outside as well, but, again, Grauer works intimately on such matters. Categories handled inside include contracts, real estate, all compliance issues and aspects of corporate governance. Transactional work consumes the bulk of his time, including meetings with salespeople, negotiating agreements, and finalizing and enacting contracts. For the most part, he uses Chicago’s Levenfeld Pearlstein, and Sidley Austin. He also seeks the counsel of Mountain View, Calif.-based Fenwick & West and Clifford Chance. Career highlights: Sterigenics was awarded a contract to irradiate the U.S. mail in response to the post-Sept. 11, 2001, anthrax scare. Structuring the unique agreement to deal with unusual circumstances in a daunting time was in Grauer’s hands. For security reasons, he said, he could not provide specifics about the transaction. Grauer “intimately” participated in Sterigenics’ spinoff from its former parent, Ion Beam Applications S.A., a Belgian company specializing in sterilization and ionization. In 2004, Sterigenics was bought by private equity fund PPM Capital Ltd. and PPM America Capital Partners LLC. It was an “interesting” deal, and a very detail-oriented transaction. Grauer considers being able to continue with the company after the spinoff as a personal career highlight. Summary of route to present position: He has been with Sterigenics since 2000, at first with its predecessor, Ion Beam Applications. Since 2004 he has been vice president, general counsel and secretary of Sterigenics; from 2001 to 2004, he served as vice president and general counsel of Ion Beam’s U.S. subsidiary, and was its general counsel from 2000 to 2001. He went in-house in 1997 until 2000 with Pepsi-Cola General Bottlers Inc., the sole subsidiary of Whitman Corp. of Rolling Meadows, Ill., and the world’s largest independent Pepsi bottler. He served as senior counsel, then assistant general counsel and corporate secretary. Previously, he was an attorney in private practice with Cassiday, Schade & Gloor of Chicago and Waukegan, Ill., (from 1994 to 1997) and Chicago’s Fraterrigo, Best & Beranek (from 1990 to 1994). Personal: Chicagoan Grauer and his wife, Leslie, are the parents of three children. Reading, running and coaching his kids’ sports teams fill his spare time. He graduated from the University of Illinois at Champaign-Urbana in 1987 and achieved his law degree in 1990 from Loyola University Chicago School of Law. Last book and movie: Lincoln on Leadership: Executive Strategies for Tough Times, by Donald T. Phillips, and Walk the Line.

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