On a sad note, late 2008 brought the untimely passing of CBIS’ board chairman Raoul Carroll. Mr. Carroll joined the CBIS board in 1996 and became its chairman in 2004. His distinguished career included service in the U.S. Army’s Judge Advocate General’s Corps, work as an assistant U.S. attorney, and success as a lawyer and executive in the securities industry. Raoul was a valued colleague and friend, and we will greatly miss his counsel and presence on the board. He was 58 years old and left a wife and two daughters. His family established a scholarship in his name at Morgan State University, his alma mater, and CBIS donated to the scholarship fund in his honor. May he rest in peace.
Brother Damian Steger has agreed to step back into the position of board chairman as the board reviews its structure and searches for a new board member.
Raoul was a valued colleague and friend, and we will greatly miss his counsel and presence on the board.