Charles B. Johnson is chairman and director of Franklin Resources, Inc. and various Franklin Templeton funds. He joined Franklin Distributors, Inc., as President and CEO in 1957 and assumed those positions for Franklin Resources when it was organized in 1969. He served as CEO until 2003. He is a member of the New York Society of Security Analysts and was elected chairman of the National Association of Securities Dealers (NASD) in 1992. He also served on various boards and and committees of the NASD from 1988 to 2002, as well as the Board of Governors of the Investment Company Institute from 1973 to 1988. He is a member of the Board of Overseers of the Hoover Institution and serves on the boards of a number of civic and charitable organizations.