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Washington Mutual's Corporate Tech Division Promotes Annie Searle to Senior Vice President of Research, Planning & Architecture

SEATTLE--(BUSINESS WIRE)--Nov. 19, 2001--Washington Mutual, Inc. (NYSE:WM) today announced that it has promoted Annie Searle to senior vice president of research, planning & architecture in the company's corporate technology division.

In the new position, Searle will be responsible for leading all architecture initiatives relating to information technology including: enterprise-wide architecture; strategic planning; emerging technologies & research; design services; WaMu pilot labs; and information management.

"Annie has been a valuable member of Washington Mutual's architecture group for the past two-and-a-half years," said Jerry Gross, chief information officer at Washington Mutual. "During that time she has demonstrated a passion for innovation, strategic planning and problem solving. She will be a great leader within our group."

Prior to joining Washington Mutual in 1999, Searle had her own consulting business and worked on projects for technology leaders including Compaq Computer Services. For 14 years she also served as president and CEO of Delphi Computers & Peripherals which she founded and helped grow annual sales from $23,000 in 1983 to more than $5 million by 1998. For her work at Delphi, Searle won the 1992 Northwest Entrepreneur of the Year award from Inc. magazine and, in 1994, the Matrix Table Woman of Achievement award. She is also a lifetime member of the American Institute of Entrepreneurs.

Searle has served on the boards of the Washington Commission for the Humanities, Washington Works, and on the technical advisory council at North Seattle Community College. She is also a founding member of the northwest chapter of the Forum for Women Entrepreneurs. Searle is a graduate of University of Iowa where she earned both a Masters and Bachelor of Arts degree in Literature.

With a history dating back to 1889, Washington Mutual is a national financial services company that provides a diversified line of products and services to consumers and small- to mid-sized businesses. At Sept. 30, 2001, Washington Mutual and its subsidiaries had consolidated assets of $223.64 billion. Washington Mutual currently operates approximately 2,300 consumer banking, mortgage lending, commercial banking, consumer finance and financial services offices throughout the nation. Washington Mutual's press releases are available at www.wamu.com.

Note to Editors: A photo of Annie Searle is available for download in the press area of Washington Mutual's web site located online at www.wamu.com.


CONTACT: Washington Mutual
Angela Clegg, 206/461-6390