The Urgent Need for Change and The Superior Path Forward
ALDO MAZZAFERRO
PRIVET
FUND
UPG
STRONGER TOGETHER
Aldo Mazzaferro
Nominee Biographies
and Appendix
Aldo Mazzaferro, age 66, serves as the Managing Partner and Director of Research at Mazzaferro
Research, LLC, a steel industry research boutique firm, which he founded in October 2017. Prior to
this, he served as the Senior Steel & Metals Research Analyst and a Managing Director during his
tenure at Macquarie Capital (USA) Inc., an investment banking company, from 2011 to September
2017. Previously, Mr. Mazzaferro served as a Senior Steel, Metals & Mining Analyst at Burke & Quick
Partners LLC, an agency brokerage firm that provides portfolio management, financial planning and
advisory services, in 2011, as Chief Financial Officer of Steel Development Company, LLC, a start-up
steel company, from 2008 to 2011, and as Vice President in the Global Investment Research Group
at The Goldman Sachs Group, Inc. (NYSE:GS), a multinational investment banking and securities
firm, from 2000 to 2008. From 1998 to 2000, he served as Portfolio Manager and Analyst at Anvil
Capital Management, LLC, a hedge fund focused on steel, metals, capital goods and energy, which
he co-founded. Prior to that, he served as a Director and Senior Steel Industry Analyst at Deutsche
Morgan Grenfell, Inc., the former securities and investment banking subsidiary of Deutsche Bank AG
(NYSE: DB), from 1987 to 1998. From 1985 to 1987, he served as a Research Analyst in the Cyclicals
Group at J. & W. Seligman & Co., an investment firm. Mr. Mazzaferro began his career in 1981 as an
Equity Research Analyst in the Steel and Industrials Group at Standard & Poor's Corp., a financial
services company. Mr. Mazzaferro is a CFA charterholder. He earned his BA in English from Holy
Cross College and an MBA in Finance from Northeastern University.
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