David J. Winters, president, CEO and chief investment officer of Franklin Mutual Advisers, LLC (Mutual Series), is lead manager of Mutual European Fund and Mutual Beacon Fund. Also as the portfolio manager of Mutual Discovery Fund and Mutual Shares Fund, he follows companies in a wide variety of industries including railroads, beverages, candy, timber, media, consumer goods (both domestic and foreign), special situations, and investment companies.

Prior to joining Mutual Series in 1987, Mr. Winters was a trader for Herzog, Heine, Geduld, Inc. and a financial analyst for KMS Investment Advisors, Inc., in Seattle, Washington. He earned a bachelor’s degree from Cornell University, Arts and Sciences. Mr. Winters is a Chartered Financial Analyst (CFA).