SEATTLE--(BUSINESS WIRE)--June 23, 2005--Washington Mutual, Inc.
(NYSE:WM) announced today the election of Colorado equity investor and
former telecommunications executive Charles M. Lillis to its board of
Lillis, 63, is co-founder and managing director of LoneTree
Capital, of Englewood, Colo., which invests primarily in the
communications/information industry. He is also founder and managing
director Castle Pines Capital, which provides innovative channel
financing in the technology industries.
"Chuck brings to us outstanding and varied experience as a
seasoned senior executive, an academic and board member for both
public companies and nonprofit organizations," said Kerry Killinger,
chairman and chief executive officer. "We are delighted he has agreed
to join us and welcome his insights as we continue to grow our
Lillis has been named to the Board of Directors' Human Resources
and Finance Committees.
Prior to forming LoneTree Capital, Lillis was chairman and chief
executive officer of MediaOne Group, Inc., owner and operator of
domestic and international cable and telephone communications systems,
international wireless and interactive multimedia service businesses.
The company operated in 22 countries and was a Fortune 150 market cap
entity when purchased by AT&T in 2000.
"I'm honored to be elected to the Board," said Lillis. "I've
admired Washington Mutual for many years and look forward to serving
as a director."
Earlier in his career, Lillis had a variety of senior management
positions at US West and served as dean of the College of Business,
University of Colorado, and as a professor at Washington State
University. He also worked at General Electric and DuPont.
Lillis currently serves on the boards of three public companies --
Supervalu Inc., Williams Companies and Medco Health Solutions. He
works closely with his wife Gwen and their children on programs
sponsored by the Lillis Foundation, a charitable organization that
helps underprivileged youth in the Denver area. He and his wife are
also involved at the University of Oregon, where he earned his
A three-year veteran of the U.S. Army, Lillis holds a bachelor of
arts and a master's of business administration, both from the
University of Washington. He previously served on the boards of
University of Colorado Foundation and the University of Washington
Foundation. He and his wife have three children and four
About Washington Mutual
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, 2005, Washington Mutual and its subsidiaries
had assets of $319.70 billion. Washington Mutual currently operates
more than 2,500 consumer banking, mortgage lending, commercial
banking, consumer finance and financial services offices throughout
the nation. For more information, visit Washington Mutual's web site
CONTACT: Washington Mutual
Media Contact: Libby Hutchinson, 206-461-2484
Investor Contact: Alan Magleby, 212-326-6019
SOURCE: Washington Mutual