New Trustees Elected to Aspen Institute Board

4/22/2004

From: James M. Spiegelman of the Aspen Institute, 202-736-3849

WASHINGTON, April 22 -- The Aspen Institute today announced the election of several new members to its Board of Trustees. They are: William D. Budinger, Arjun Gupta, William N. Joy, James M. Manyika, John P. McNulty, Jerry Murdock, H.M. Queen Noor of Jordan, Margot L. Pritzker, Isaac O. Shongwe and Robert K. Steel. Each member will serve a three-year term commencing immediately. The Honorable Guilio Tremonti has been elected as an Ex-officio Trustee and is to serve a one-year term effective today. Trustees Nina Houghton and Carlo Scognamiglio have left the board to become members of the newly established Council of Honorary Trustees. Trustees Mervyn L. Adelson and William L. Davis will be taking a leave of absence for one year. Chairman Emeritus Ann Korologos will be taking a leave of absence for three years.

"We are delighted to welcome this outstanding and highly diverse group of individuals to serve on the Institute's board," said William E. Mayer, chairman of the Board of Trustees of the Aspen Institute. He added: "Each has made singular contributions to their communities, and we are especially fortunate to benefit from their vision and experience."

Newly Elected Aspen Institute Trustees

William D. Budinger is the founder of Rodel, Inc., where he served for 33 years as its chairman and CEO. Rodel grew from its origin in a garage to a 1,000 person manufacturing company. The company is currently the global leader in high-precision planarization technology for semiconductors, silicon wafers and storage media substrates. Budinger now spends much of his time helping the Rodel Foundations in their mission to improve public education. He serves on the boards of the Grand Canyon Trust, the Democratic Leadership Council, the Public Policy Institute and several organizations in Florida. He has been honored as the U.S. Small Business Administration's Small Business Person of the Year and the Eastern Technology Council's legendary CEO. He shuttles among homes in Key West, New York and Aspen.

Arjun Gupta founded TeleSoft Partners, a venture capital firm focused on communications and information technology startups. Over the last decade, Gupta has overseen investing $350 million in 50 private companies, resulting in 12 acquisitions and seven IPOs. He currently serves on the boards of Calient Networks, Calix Networks, CreekPath Systems, LogLogic, Matrix Semiconductor and Red Herring. Gupta and his wife, Vinati, recently started a foundation to support efforts in education, medical research, performing arts and other community projects. He is a Henry Crown Fellow of the Aspen Institute (Class of 2001). He emigrated from India to the United States as an exchange student and currently resides in San Francisco and Aspen.

William N. Joy is co-founder and former chief scientist and corporate executive officer of Sun Microsystems, Inc. Joy's technical contributions while at Sun include: design of Sun's Network File System; co-design of SPARC microprocessor; and co- authorship of the Java Language Specification. His business contributions include: Spearheading Sun's evangelism of an "open systems" philosophy, now considered a mainstream strategy in the industry; and evangelizing Java as an Internet technology. In 1997, President Clinton appointed Joy as co-chairman of the Presidential Information Technology Advisory Committee, tasked with providing guidance and advice on all areas of high- performance computing, communications and information technologies to accelerate development and adoption of information technologies vital for American prosperity in the 21st century. While attending graduate school at U.C. Berkeley, Joy was the principal designer of Berkeley UNIX (BSD), which became the standard in education and research, garnering development support from DARPA. He was also notable for introducing virtual memory and internetworking using TCP/IP to UNIX. Joy lives in Aspen.

James M. Manyika is a partner in the San Francisco office of McKinsey & Company. Since joining the firm in 1994, he has focused primarily on serving and advising senior executives of the world's leading high tech companies, including software, networking and communication equipment, semiconductor, hardware and services. Since 1996, Manyika has co-led and convened McKinsey's CEO roundtable that includes 25 CEOs from Silicon Valley's major high tech companies. Prior to joining McKinsey, Manyika was a fellow and member of the governing body of Balliol College, Oxford University and a member of the Engineering Science faculty, a visiting scientist at NASA Jet Propulsion Laboratory, and a faculty exchange fellow at MIT. He was a Rhodes Scholar, a Smith Rippon Senior Scholar, and Nuffield Foundation Science Fellow at Oxford. A native of Zimbabwe, Manyika lives with his wife and son in San Francisco.

John P. McNulty is a senior director at Goldman Sachs & Co. He retired in July of 2001 from active participation as a partner after a 23-year career, including seven years on the management committee for the firm. Most recently, he was head of the firm's Investment Management Division. McNulty is a member of the board of directors of Carnival Corporation , Carnival plc. and Allied World Assurance Holdings, Ltd. He also serves on the board of trustees at the University of Pennsylvania Wharton School of Business, where he received an MBA in 1979. McNulty is also a director at the Metropolitan Opera and is a former member of the board of governors of the Investment Company Institute. He and his wife, Anne Welsh McNulty, are the founders and the trustees of the John P. and Anne Welsh McNulty Foundation.

Jerry Murdock is a managing director and the co-founder of Insight Venture Partners. Since Insight's inception in 1995, he has played a leading role in defining the company's investment strategy and has been primarily responsible for the development of many of the firm's portfolio investments. With over $1 billion in funds under management, Insight is the leading venture capital firm focusing on software and software-enabled companies. Insight invests in entrepreneurial companies developing technology-based solutions for the corporate enterprise. Headquartered in New York, Insight has taken a global approach to e-commerce investing in a market where speed, domain expertise, and the ability to execute are the foundations of success. Mr. Murdock currently serves as a director of Quest Software, Peace Software, Dorado Software, KWI Inc., Digital Harbor and CallWave. Prior to Insight, Mr. Murdock founded the Aspen Technology Group to provide strategic consultancy services to clients including Warburg Pincus, Andersen Consulting, EDS, TRW Corporation and numerous high technology companies and private equity investment firms.

Her Majesty Queen Noor of Jordan is an internationally renowned stateswoman and an outspoken voice on issues of world peace and justice. Since 1978, she has initiated, directed, and sponsored projects and activities in Jordan to address specific national development needs in the areas of education, culture, women and children's welfare, human rights, conflict resolution, community development and urban planning. She is also actively involved with international and UN organizations that address global challenges in these fields. The Noor Al Hussein Foundation has received international recognition for its development models for the Middle East and the developing world, including Afghanistan and most recently Iraq, particularly in the areas of empowering women, community development and micro-finance. The King Hussein Foundation, chaired by Queen Noor, was established in 1999 to preserve and build upon the late King's lifelong humanitarian vision with emphasis on democracy, peace, education, leadership, health and the environment. Queen Noor is involved in a number of international organizations dealing with global peace-building and conflict recovery. She is president of the United World Colleges; a member of the international advisory council for Women Waging Peace and also of Seeds of Peace. She is a board member of Conservation International, Refugees International and a member of the International Commission on Missing Persons. Queen Noor has assumed an advocacy role in the International Campaign to Ban Landmines and is chair of the International Advisory Committee for the United Nations University International Leadership Academy (UNU/ILA). Her autobiography, Leap of Faith: Memoirs of an Unexpected Life (Miramax Books, 2003) was a New York Times bestseller.

Margot L. Pritzker has been a trustee of the Bernard Zell Anshe Emet Day School since 1981, where for a period of time she served as chairman of the Board. She is also a trustee of the Board of the Children's Hospital of Chicago and the Chicago Council on Foreign Relations. She and her husband, Thomas J. Pritzker, chairman of the Hyatt Corporation, have traveled extensively throughout Asia. Their exhaustive study of Asia and its artifacts has developed into one of the most acclaimed Asian art collections in the United States. Pritzker was born in Sale, England. She became a United States citizen in 1994. She currently resides in Chicago with her husband and three sons. She is currently working toward a Doctorate in Biblical Studies at the University of Chicago.

Isaac O. Shongwe is a founding partner of Letsema Holdings Company, a strategy management consulting firm and investment company focusing on issues of transformation and Black Economic Empowerment in the new South Africa environment. He is also a member of several boards including, Social Venture Investment Trust, the Maths Centre for Professional Teachers, Anglo American Chairman's Fund, BusinessMap Foundation and Wesleyan University (CT). Previously, Shongwe worked for various companies owned by Barloworld Ltd. (1988-93). In 1993, he joined the Boston-based Monitor Consulting Company where he worked on various strategy formulation projects, both for blue-chip private sector clients and various public sector clients. In addition to his business interests, Shongwe is heavily involved in social and community projects. He created the Letsema Foundation through which he funds most of his social interests. In 1988, he was named 21st Century Trust Fellow, in recognition of his potential as a future leader in his country, and in 1996 he was named "Global Leader of Tomorrow" by the World Economic Forum. He was also a Henry Crown Fellow of the Aspen Institute (Class of 2002). A graduate of Wesleyan University, Shongwe was a Rhodes Scholar.

Robert K. Steel is an advisory director of the Goldman Sachs Group, Inc. He joined the firm in 1976 and served in the Equities Division of Goldman Sachs in Chicago until his relocation to London in 1986. Steel became a partner in 1988 and shortly thereafter assumed the position as head of the Equities Division in Europe. In 1994, he relocated to New York and served as co-head of the Equities Division from 1998-2001 then as sole head until his appointment as a vice chairman of the firm in 2002. Earlier this year, he became a senior fellow at the Center for Business and Government at Harvard's John F. Kennedy School of Government. Steel is also a member of the New York Stock Exchange where he has served on various committees and is a member of the Board of Directors of the Securities Industry Association. He is also vice chairman of the Board of Trustees of his alma mater, Duke University, and chairman of the Duke University Management Company (DUMAC), the organization responsible for managing the University's endowment and other investment assets. He is a trustee of the Windward School and chairman of The After-School Corporation. He currently resides in Connecticut with his wife and three daughters.

Giulio Tremonti serves as Italian Minister of Economy and Finance. He was appointed chairman of Aspen Institute Italia in December 2003. He was graduated in law from the University of Pavia, where he taught tax law for several years. His academic career also includes an appointment as senior teaching fellow, Italian Law, Institute of European and Comparative Law at Oxford University. He has been a member of the Italian Parliament since 1994. First a member of the "Patto Segni" (Segni Group) Party, in 1996 he was elected to the Chamber of Deputies with Forza Italia, the party founded by Prime Minister Silvio Berlusconi. From May 1994 to January 1995, Tremonti served as minister of finance in the first Berlusconi government and was president of the Commission for the Monetary Reform. He has also served on the Parliamentary Special Committee for the Reform of the Italian Constitution. Tremonti is the author of several books on tax and public policy, editor of the Rivista di Diritto Finanziaro e Scienza delle Finanze (Review of Financial Law and Finance Sciences) and a regular contributor to the daily newspaper Corriere della Sera. In June 2001, Tremonti was appointed Minister of Economics and Finance in the second government of current Italian Prime Minister Silvio Berlusconi.

Full list of Aspen Institute Board of Trustees: William E. Mayer, chairman of the Board; Walter Isaacson, president and CEO; Henry E. Catto, vice chairman; Lester Crown, vice chairman; Mervyn L. Adelson; Madeleine K. Albright; Paul Anderson; Bandar bin Sultan; Mercedes Bass; Berl Bernhard; William D. Budinger; Stephen L. Carter; F. Peter Cundill; Andrea Cunningham; Tarun Das; William L. Davis (note); John Doerr; Sylvia A. Earle; Michael D. Eisner; James L. Ferguson; Henrietta Holsman Fore (note); Henry Louis Gates, Jr.; Manfred Gentz; David Gergen; Alma L. Gildenhorn; Gerald Greenwald; Patrick W. Gross; Arjun Gupta; Sidney Harman; Ann F. Hudson; Jerome Huret; William N. Joy; Yotaro Kobayashi; David H. Koch; Ann McLaughlin Korologos (note); Timothy K. Krauskopf; Leonard A. Lauder; Gerald M. Levin; Frederic V. Malek; Robert H. Malott; James M. Manyika; Bonnie Palmer McCloskey; John P. McNulty; Olivier Mellerio; Philip Merrill (note); Karlheinz Muhr; Clare Munana; Elinor Bunin Munroe; Jerry Murdock; William A. Nitze; Her Majesty Queen Noor; Olara A. Otunnu; Elaine Pagels; Thomas R. Pickering; Charles Powell; Margot L. Pritzker; Peter A. Reiling; Lynda Resnick; Ann W. Richards; Donald Roth; Lloyd G. Schermer; Isaac O. Shongwe; Albert H. Small; Robert K. Steel; Andrew L. Stern; Giulio Tremonti; Jack Valenti; Roderick K. von Lipsey; Vin Weber; Frederick B. Whittemore; Alice Young; Mortimer B. Zuckerman

Note: On leave of absence

The Aspen Institute is an international non-profit organization founded in 1950. Its mission is to foster enlightened leadership, the appreciation of timeless ideas and values, and open-minded dialogue on contemporary issues. Through seminars, policy programs, conferences and leadership development initiatives, the Institute and its international partners seek to promote the pursuit of common ground and deeper understanding in a nonpartisan and non-ideological setting. The Institute is headquartered in Washington, DC, and has campuses in Aspen, Colorado, and on the Wye River on Maryland's Eastern Shore. Its international network includes partner Aspen Institutes in Berlin, Rome, Lyon, Tokyo and New Delhi, and leadership programs in Africa.