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Washington Mutual Hires John Rostas as Senior Vice President of Operational Excellence
SEATTLE, Oct 9, 2002 (BUSINESS WIRE) -- Washington Mutual (NYSE:WM) has hired John Rostas as senior vice president of operational excellence.

Rostas is charged with helping the company evaluate its business processes and creating strategies to improve efficiencies.

Rostas comes to WaMu from United Technologies, a division of Carrier Corp., Farmington, Conn., where he was the vice president of quality. Prior to Carrier Corp., Rostas served in several divisions at General Electric, including Aerospace and Appliances. His background includes engineering, operations and program management roles.

"As Washington Mutual grows in scale, we have an opportunity to become an even more efficient company," said Steve Freimuth, senior executive vice president for Corporate Services. "John's experience and background will help us achieve this goal, benefiting our customers, shareholders and employees."

Rostas graduated from Syracuse University with a bachelor's degree in Mechanical and Aerospace Engineering. He is based in Seattle.

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 June 30, 2002, Washington Mutual and its subsidiaries had consolidated assets of $261.28 billion. Washington Mutual currently operates more than 2,500 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.

CONTACT:          Washington Mutual
                  David Kuhlmann, 206/377-4072
                  david.kuhlmann@wamu.net

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