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Washington Mutual's Corporate Technology Division Hires John R. Richardson as Senior Vice President of E-Business
SEATTLE, Mar 21, 2002 (BUSINESS WIRE) --

Richardson Brings More Than 20 Years of Expertise in Financial Services Technology

Washington Mutual, Inc. (NYSE:WM) today announced that it has hired John R. Richardson as senior vice president of e-business in the company's corporate technology division.

In the newly-created position, Richardson will be responsible for the delivery of industry-leading e-business solutions to Washington Mutual customers, employees and partners.

"John is extremely talented in building Internet capabilities that improve business and enhance customer experience," said Jerry Gross, chief information officer at Washington Mutual. "His approach to technology provides an excellent complement to our efforts in making banking easier and more enjoyable for WaMu customers."

Prior to joining Washington Mutual, Richardson served as president of Venture Software, a company delivering technical services to web-centric startups. During his career, Richardson also served as senior vice president of systems development for Countrywide Funding Corp. where he was responsible for all systems related to the servicing of the company's loan mortgage portfolio. Earlier in his career he also served as a consultant to leading financial services companies including San Francisco Federal, First Nationwide Bank, and Peat Marwick & Co. Richardson is a graduate of Northwestern State University where he earned a bachelor's degree in business.

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 Dec. 31, 2001, Washington Mutual and its subsidiaries had assets of $242.51 billion. The company currently operates more than 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.

CONTACT:          Washington Mutual
                  Angela Clegg, 206/461-6390
                  angela.clegg@wamu.net

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