Chase and J.P. Morgan Announce New Board Of Directors.Business Editors NEW YORK--(BUSINESS WIRE)--Nov. 30, 2000 The Chase Manhattan Corporation The Chase Manhattan Corporation was a bank holding company formed as parent of the Chase Manhattan Bank. During its time as the parent company, it was led in succession by David Rockefeller, Willard C. Butcher, and Thomas G. Labrecque. and J.P. Morgan & Co. Incorporated announced today the Board of Directors of J.P. Morgan Chase & Co., effective upon the consummation of the merger. Under the terms of the merger agreement, the Board is to consist of 15 Directors, including Douglas A. Warner III Douglas 'Sandy' Warner (born June 9, 1946 as Douglas Alexander Warner III but widely known as "Sandy") is an American banker who joined Morgan Guaranty Trust Company of New York out of college in 1968 as an officer's assistant and rose through the ranks to become chairman of as Chairman, and William B. Harrison William Benjamin Harrison was mayor of Louisville, Kentucky from 1927 to 1933. He graduated from Louisville Male High School in 1907 and the University of Virginia School of Law in 1910. He served as a captain in the United States Army during World War I. Jr. as President and Chief Executive Officer, eight outside Directors designated by Chase and five outside Directors designated by J.P. Morgan. Shareholder meetings for both Chase and J.P. Morgan have been scheduled for December 22. Subject to receiving the shareholder and requisite regulatory approvals, the merger is anticipated to close on December 31, 2000. Following the merger, the members of the Board of Directors will be: Hans W. Becherer Hans W. Becherer (1935 - ) received his undergraduate education at Trinity College (Connecticut) and his MBA from Harvard. He became president of Deere & Company in 1987 and led the Company as CEO from 1989 to 2000 following the financial farm crisis of the 1980s. , Retired Chairman and Chief Executive Officer, Deere & Co. * Riley P. Bechtel Riley P. Bechtel (CBE) is the chairman and CEO of the Bechtel Corporation. He is the great-grandson of Warren A. Bechtel, the founder of the company. His father is Stephen Bechtel, Jr., the former chairman and CEO of the company. With a net worth of over $2. , Chairman and Chief Executive Officer, Bechtel Group, Inc. ** Frank A. Bennack Jr., President and Chief Executive Officer, The Hearst Corporation * Lawrence A. Bossidy, Retired Chairman of the Board, Honeywell International Inc. ** M. Anthony Burns, Chairman, Ryder System, Inc. * H. Laurance Fuller, Retired Co-Chairman, BP Amoco p.l.c. * Ellen V. Futter Ellen V. Futter is President of the American Museum of Natural History. She previously served as President of Barnard College for thirteen years. Ms. Futter was graduated Phi Beta Kappa, magna cum laude, from Barnard in 1971. She earned her J.D. , President and Trustee, American Museum of Natural History American Museum of Natural History, incorporated in New York City in 1869 to promote the study of natural science and related subjects. Buildings on its present site were opened in 1877. ** William H. Gray William H. Gray may refer to:
William B. Harrison Jr., President and Chief Executive Officer Helene L. Kaplan, Of Counsel, Skadden, Arps, Slate, Meagher & Flom LLP * Lee R. Raymond, Chairman of the Board and Chief Executive Officer, Exxon Mobil Corporation Exxon Mobil Corporation U.S.-based oil and gas company formed in 1999 through the merger of Exxon Corp. and Mobil Corp. It has investments and operations in petroleum and natural gas, coal, nuclear fuels, chemicals, and ores. ** John R. Stafford, Chairman, President and Chief Executive Officer, American Home Products Corporation * Lloyd D. Ward, Former Chairman of the Board and Chief Executive Officer, Maytag Corporation ** Douglas A. Warner III, Chairman Marina v.N. Whitman, Professor of Business Administration and Public Policy, University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. * * designated by Chase ** designated by J.P. Morgan In a joint statement, Messrs. Warner and Harrison expressed the warmest appreciation for all that each of their respective Boards has achieved and for their understanding and support in establishing the Board structure for the merged company. Chase can be reached on the web at www.chase.com, and J.P. Morgan's web address is www.jpmorgan.com. In connection with the proposed transaction, Chase has filed a Registration Statement on Form S-4 with the Securities and Exchange Commission containing a joint proxy statement-prospectus with regard to the proposed merger. Stockholders are advised to read the joint proxy statement-prospectus because it contains important information. Stockholders may obtain a free copy of the joint proxy statement-prospectus and other documents filed by Chase and J.P. Morgan with the SEC, at the SEC's internet site (http://www.sec.gov). Copies of the joint proxy statement-prospectus and the SEC filings that will be incorporated by reference in the joint proxy statement-prospectus can also be obtained, without charge, by directing a request to The Chase Manhattan Corporation, 270 Park Avenue, New York, NY 10017, Attention: Office of the Corporate Secretary (212-270-6000), or to J.P. Morgan & Co. Incorporated, 60 Wall Street, New York, NY 10260, Attention: Investor Relations (212-483-2323). Information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is contained in the materials filed with the SEC by J.P. Morgan and Chase on September 13, 2000 and September 14, 2000, respectively. |
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