SEATTLE, Dec 12, 2001 (BUSINESS WIRE) -- Washington Mutual, Inc. (NYSE:WM)
today announced that it has selected Geoffrey Lang to serve as senior vice
president of vendor management in the company's corporate technology division.
In the newly-created position, Lang will oversee and manage all information
technology services provided to the bank via third parties. Among his day-to-day
and long-term responsibilities, Lang will work to ensure vendor accountability,
quality control, and competitive pricing. In addition, Lang will guide all
strategic planning that relates to technology procurement, sourcing and contract
"Because a substantial amount of our IT resources reside outside the company,
it's imperative that we constantly monitor and evaluate our relationships with
vendors," said Jerry Gross, chief information officer at Washington Mutual.
"Geoff's expertise enables us to take full advantage of our relationships with
vendors so that, together, we can achieve optimal results for WaMu customers."
Before joining Washington Mutual, Lang was a senior vice president at Bank One
where he was responsible for business and partner management, overseeing budgets
in excess of $450 million. Earlier in his career, Lang spent more than 20 years
at International Business Machines (IBM) where he held a number of executive
positions in marketing and technology. At the time of his departure from IBM in
1999, he managed the company's financial services business unit and led a team
of more than 200 employees. Lang has a master's in business administration from
the University of Pittsburgh and a bachelor's degree in psychology from
Maryville College in Tennessee.
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.
CONTACT: Washington Mutual
Angela Clegg, 206/461-6390
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