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ALLTEL Names Warren Stephens to Board of Directors.


Business Editors

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Jan. 24, 2002

ALLTEL (NYSE NYSE

See: New York Stock Exchange
:AT) announced today that Warren A. Stephens has been elected to the ALLTEL board of directors, effective immediately.

Stephens is president and chief executive officer of Stephens Inc. of Little Rock. Stephens Inc., founded in 1933, serves a broad client base which includes corporations, state and local governments, financial institutions and individual investors throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and overseas. It is among the largest investment banking firms in the United States.

"It is an honor for ALLTEL to add Warren Stephens to our board of directors," said Joe Ford, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of ALLTEL. "Warren's broad business background will bring valuable experience to the board."

Stephens began his investment banking career as an associate in the corporate finance department at Stephens Inc. He also has served as senior vice president of the Stephens Capital Market Group.

He is a graduate of Washington and Lee University Washington and Lee University, at Lexington, Va.; coeducational; founded and opened 1749 as Augusta Academy. It was called Liberty Hall in 1776; became Liberty Hall Academy (a college) in 1782, Washington Academy (following a gift from George Washington) in 1798,  of Lexington, Va., and received a master's degree master's degree
n.
An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree.

Noun 1.
 from Wake Forest University.

ALLTEL, with more than 10 million communications customers and $7.6 billion in annual revenues, is a leader in the communications and information services See Information Systems.  industries. ALLTEL has communications customers in 24 states and provides information services to telecommunications, financial and mortgage clients in more than 50 countries.

ALLTEL, NYSE: AT

www.alltel.com
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Publication:Business Wire
Date:Jan 24, 2002
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