Babson College Corrects and Replaces Previous Announcement, BW5038, MA-BABSON-COLLEGE.

Business Editors

NOTE: The following news release replaces and corrects the previous Babson College news release, which ran earlier Thursday on Business Wire, BW5038 (MA-BABSON-COLLEGE)

WELLESLEY, Mass.--(BUSINESS WIRE)--Feb. 27, 2003

Larry Weber of Weber Shandwick Worldwide Named Babson College

Trustee

Business Editors/Education Writers

Babson College announced the appointment of Larry Weber to the Babson College Board of Trustees, as approved at their annual meeting in October 2002.

Larry Weber, Founder, Weber Shandwick Worldwide, started his public relations company, The Weber Group, in 1987 in Cambridge, Mass., with a unique focus on technology. The Interpublic Group of Companies purchased the Weber Group in 1996. Weber was named chairman and CEO Weber Public Relations Worldwide and under his leadership the firm grew to become the ninth largest relations firm in the world. In January 2000, Weber was named chairman and CEO of Interpublic's Advanced Marketing Services group. In the summer of 2001, Weber Shandwick Worldwide merged with BSMG Worldwide to form the world's largest public relations firm. Weber serves as founder of the new firm, while continuing in his Interpublic role.

Weber's first book, The Provocateur: How a New Generation of Leaders are Building Communities, Not Just Companies, was published by Random House/Crown Business in January 2002.

Weber is a firm advocate and supporter of higher education and has counseled several institutions including Tufts University, Hamilton College and MIT on their communication strategies. He serves as an advisor to Denison University, from which he holds a bachelor's degree in English. He continued his education at Antioch College in Oxford, England, where he earned a master's degree in Writing.