DB Wealth Management Prospective Client Ron Wanek Founder and Chairman — Ashley Furniture Age: 75 Net Worth: —$1.94BN Company Profile • Founded by Ron Wanek • Ron's son, Todd, is the current President and CEO • Largest US-based maker and retailer of furniture with —$48N in annual sales • The company thrives by producing low-price furniture by partnering with Asian markets • The company operates what is widely considered to be the industry's most streamlined delivery system to rush products into stores • In the US, Ashley Furniture has approximately 460 stores, with a focus on price and urgency • The company has —13,000 employees in the US Personal • Married to Joyce Wanek, 3 children: Todd Wanek, Shari Wagner, Katie Forsythe • Ron is close with his family and has included them in his business o Todd Wanek, Ron's son, is the CEO o Travis Wagner, a grandson of Ron Wanek, runs the company's three manufacturing plants in Vietnam o Granddaughter, Laura Forsythe, helps manage the retailing push in China • Through the family office, Third Lake Capital, Wanek owns WingHouse, a restaurant chain in Florida • Ron grew up on a farm in Minnesota • Ron has homes in Arcadia, WI and St. Petersburg, FL Education • No college Career History • Ron considered selling his furniture empire in June 2015, hiring Goldman Sachs as an adviser to a potential deal reportedly valuing the company north of $36N. He decided to keep it in the family. • Ron founded Ashley Furniture and served as its CEO • Ron served as the President of American Home Furnishings Alliance • He currently serves as Ashley Furniture Chairman • He is the Director of American Home Furnishings Alliance Charities • Made a $10MM donation to High Point University in 2013 • Annual 'Ashley for the Arts' philanthropy event, which raises funds for local schools, children's charities, medical research, and area cancer patients • Ashley Furniture Industries and Ashley Fu