SEATTLE--(BUSINESS WIRE)--June 3, 2002--Washington Mutual, Inc.
(NYSE:WM) today announced the appointment of Office of the Comptroller
of the Currency (OCC) and former Office of Thrift Supervision (OTS)
executive John Robinson as Executive Vice President of Corporate Risk
Management within the company's Enterprise Risk Management group.
In the newly created position, Robinson will play a key leadership
role in developing and implementing Washington Mutual's
enterprise-wide risk management solutions and strategies in the areas
of operational risks and regulatory relations. The position will also
be responsible for defining policies and procedures to ensure that
strategic and operational goals are met and aligned with overall
company business direction.
Robinson will report to Bill Longbrake, the company's Vice Chair,
Enterprise Risk Management and Chief Financial Officer.
"John has a very broad and proven record in bank supervision and
risk management, and will add outstanding leadership as we continue to
build our enterprise risk management capabilities to keep pace with
the company's growth and changing needs," said Longbrake.
Robinson has an extensive record as an executive in banking
regulation. Since 1997, he has served as Deputy Comptroller of the
Western District for the OCC where he supervised more than 250
commercial banks in the Western United States. As Deputy Comptroller
he was responsible for evaluating national banks' financial condition,
management and compliance with laws and regulations. Prior to his
service with the OCC, he held several positions with the Office of
Thrift Supervision, including Regional Director for the Western Region
from 1993-1997 and Assistant Director of OTS for Policy during the
Robinson, who is a published author and a Chartered Financial
Analyst, has a bachelor of science degree in Finance/Accounting from
Washington University in St. Louis and an MBA from Harvard 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 March 31, 2002, Washington Mutual and its subsidiaries
had assets of $275.22 billion. Washington Mutual currently operates
more than 2,400 consumer banking, mortgage lending, commercial
banking, consumer finance and financial services offices throughout
the nation. Washington Mutual's press releases are available at
||Alan Gulick, 206/377-3637