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
CONTACT: Washington Mutual
David Kuhlmann, 206/377-4072
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