SEATTLE--(BUSINESS WIRE)--Sept. 20, 2005--Washington Mutual, Inc.
(NYSE:WM) announced today the election of Thomas C. Leppert to its
board of directors. Leppert, 51, is chairman of the board and chief
executive officer of The Turner Corporation.
Leppert was named to his current position at The Turner
Corporation in September of 1999 after joining its board the previous
year. During his leadership, the company has grown to become one of
the largest commercial construction companies in the country with $7
billion in revenues in 2004 and 46 offices.
"We are delighted Tom has agreed to join our board and we welcome
his broad real estate and financial services background, particularly
as we continue to grow our company," said Kerry Killinger, chairman
and chief executive officer at Washington Mutual. "His business
accomplishments and industry knowledge make him a valuable addition to
As part of his election, Leppert was named to the Board of
Directors' Governance and Audit committees.
"I am honored to be elected to Washington Mutual's board, and look
forward to serving in this important capacity with such a dynamic
company," said Leppert.
Prior to joining Turner, Leppert served as a trustee of the Estate
of James Campbell, which is based in Honolulu and has over $2 billion
in real estate assets. Before that he served as vice chairman of
Pacific Century Financial Corporation and its primary subsidiary, the
Bank of Hawaii, and was also previously president and chief executive
officer at Castle & Cooke Properties, Inc. and Castle & Cooke Hawaii.
Earlier in his career, Leppert was a national partner with the
Trammell Crow Company and was appointed by President Reagan as a White
House Fellow in 1984, where he was assigned both to the Department of
Treasury and the White House staff.
In addition to his many years of community service, Leppert serves
on the Board of Directors for the U.S. Chamber of Commerce, as a
member of the CEO Advisory Council of the U.S. Green Building Council
(USGBC), and on the Board of Trustees for Claremont McKenna College.
He also serves on the Executive Committee of the Greater Dallas
Chamber of Commerce, a group he previous chaired.
Leppert holds a BA degree in economics and accounting from
Claremont McKenna College and received an MBA with distinction from
Harvard Business School, where he currently serves on its Alumni Board
About Washington Mutual
With a history dating back to 1889, Washington Mutual is a
retailer of financial services that provides a diversified line of
products and services to consumers and commercial clients. At June 30,
2005, Washington Mutual and its subsidiaries had assets of $323.53
billion. Washington Mutual currently operates more than 2,400 retail
banking, mortgage lending, commercial banking and financial services
offices throughout the nation. Washington Mutual's press releases are
available at www.wamunewsroom.com
CONTACT: Washington Mutual
Media Contact: Adrian Rodriguez, 206-377-3268
Investor Contact: Doug Wisdorf, 206-461-3805
SOURCE: Washington Mutual