Charles E. Phillips, Jr. Elected to Morgan Stanley Board of Directors; Oracle President Brings Broad Experience to Board Role.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Morgan Stanley (NYSE NYSE See: New York Stock Exchange : MS) announced today that its Board of Directors has elected Charles E. Phillips, Jr. to serve on the Company's Board of Directors. Mr. Phillips, the President of Oracle Corporation, also serves on the Boards of both Oracle and Viacom, Inc. Earlier in his career, Mr. Phillips served as a Managing Director at Morgan Stanley in Equity Research. His election brings the number of independent directors on the Board to 10 and the total number of Morgan Stanley directors to 12. John J. Mack John J. Mack (1944 - ) (born Machoul) is the CEO and Chairman of the Board of investment bank Morgan Stanley. He returned to the company on June 30, 2005 to replace Phil Purcell, who had become CEO after the 1997 merger of Morgan Stanley and Dean Witter, of which Purcell was , Chairman and Chief Executive Officer of Morgan Stanley, said, "Charles has significant experience as a business leader and strategic thinker, which will make him a valuable addition to our Board of Directors. At Oracle, he has played a key role in the company's success, both as a strategist and manager of the company's global operations. Charles' election as an independent director underscores our continued commitment to ensuring that the Firm benefits from the best possible oversight from our Board." Laura D'Andrea Tyson, Chair of the Board's Nominating and Governance Committee, said, "We are extremely pleased to welcome Charles to the Morgan Stanley Board of Directors. Charles has provided strong executive leadership at one of the world's top technology companies; he knows the financial services industry from his many years on Wall Street; and he has experience as a Board member dealing with the complex issues facing global companies. His judgment and talents will be a welcome addition to our Board and we look forward to working closely with him." As President of Oracle Corporation, Mr. Phillips, 47, is responsible for global field operations including consulting, marketing, sales, alliances and channels, and customer programs. Prior to joining Oracle, Mr. Phillips was a Managing Director with Morgan Stanley in its equity research group, covering technology companies. Prior to his career on Wall Street, Mr. Phillips was a Captain in the United States Marine Corps United States Marine Corps (USMC) Separate military service within the U.S. Department of the Navy (see U.S. Navy), charged with providing marine troops for seizure and defense of advanced bases and with conducting operations on land and in the air in connection with . Mr. Phillips holds a BS in Computer Science from the United States Air Force Academy United States Air Force Academy, at Colorado Springs, Colo.; for training young men and women to be officers in the U.S. air force; authorized in 1954 by Congress. , an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Hampton University, and a JD from New York Law School History New York Law School is one of the oldest independent law schools in the United States. The Law School was founded in 1891 by a group of faculty, students, and alumni of Columbia Law School led by their founding dean, Theodore William Dwight, a prominent figure in the . He is a member of the bar in Washington D.C. and in Georgia. Mr. Phillips is a board member of Jazz at Lincoln Center Jazz at Lincoln Center is a constituent company of the Lincoln Center performing arts organization, whose performing arts complex, Frederick P. Rose Hall, is located at 60th Street and Broadway in New York City, slightly south of the main Lincoln Center campus and directly in New York and New York Law School. Morgan Stanley is a global financial services firm and a market leader in securities, investment management and credit services. With more than 600 offices in 30 countries, Morgan Stanley connects people, ideas and capital to help clients achieve their financial aspirations. |
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