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Kenny Gunderman

Kenny Gunderman is president and chief executive officer of Communication Sales & Leasing.
He has 17 years of investment banking experience and is focused on expanding and diversifying
CS&L’s real estate portfolio.

Gunderman previously served as the co-head of investment banking at Stephens, Inc., where he
advised on many of the firm’s notable investment banking transactions and specifically focused
on telecommunications services.

Prior to joining Stephens, Inc., Gunderman was a member of the telecom investment banking
group at Lehman Brothers, where he advised on various transactions and financings totaling
more than $125 billion. He previously served as a senior accountant at KPMG as a CPA.
He serves on the board of Car-Mart (NASDAQ: CRMT), the Arkansas Red Cross and the
Hendrix College Board of Trustees.

Gunderman holds a Bachelor of Arts degree from Hendrix College and an MBA from Yale.

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