People: Ecolab Inc (ECL)
4 Dec 2013
Mr. Michael Larson has been appointed as Independent Director of Ecolab Inc., effective February 23, 2012. He has been Chief Investment Officer for William H. Gates III and the Business Manager of Cascade Investment, L.L.C. since 1995. He is responsible for Mr. Gates’ non-Microsoft investments as well as the investment assets of the Bill & Melinda Gates Foundation Trust. Cascade Investment, L.L.C. and the Bill & Melinda Gates Foundation Trust own in the aggregate 31,367,773 shares of Ecolab common stock. As Chief Investment Officer for Mr. Gates, Mr. Larson has voting and investment power with respect to the shares of Ecolab common stock beneficially owned by Cascade Investment L.L.C. and the Bill & Melinda Gates Foundation Trust, but Mr. Larson disclaims beneficial ownership of those shares. Mr. Larson is a director of AutoNation, Inc., Republic Services, Inc., Grupo Televisa, S.A.B. and Fomento Mexicano Economico, S.A.B. de C.V. In addition, he is Chairman of the Board of Trustees for Western Asset/Claymore Inflation-Linked Securities & Income Fund and Western Asset/Claymore Inflation-Linked Opportunities & Income Fund.
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