FBR General Discussion, page-1989

Steve Pierz is Chief Innovation Officer of the company. He has worked at Caterpillar Inc. in the US for 29 years, with roles in engineering, product design and management. Mr Pierz was most recently the Strategy & Innovation Manager at Caterpillar’s headquarters in Peoria, Illinois, where he was responsible for leading Caterpillar’s innovation activities across all areas of the business and driving an innovation culture. Mr Pierz has been consulting to FBR for the past few months, driving business development in the United States. His relationships across the construction and technology industries have already produced exciting results for FBR, an example of which is the Strategic Collaboration Agreement the Company recently signed with premier Mexican builder GP Vivienda, a subsidiary of Grupo GP. Mr Pierz has a Master of Business Administration, a Master of Science (Material Science), a Bachelor of Science (Engineering) and an Associate Degree in Science. Mr Pierz is FBR’s first full time permanent employee based in the United States, and will play an important role in the Company’s business development strategy in North America, in addition to providing invaluable leadership and driving FBR’s innovation culture.