Media Announcements

Catalyst Welcomes Cinda A. Hallman and Rick Wagoner to Extraordinary Board of Directors

Chief Executive Officers of General Motors and Spherion Join the Catalyst Board Adding Their Support and Talent to the Team of Fortune 500 Business Leaders

Catalyst today announced the election of Cinda A. Hallman, President and CEO of Spherion Corp., and Rick Wagoner, President, CEO and member of General Motors Board of Directors to the Catalyst Board of Directors. Hallman and Wagoner will join the powerful team of Fortune 500 (F500) CEOs and top business leaders who serve on the Catalyst board to further advance and promote women in business and the professions.

"We are pleased to welcome these two new corporate leaders to the Catalyst Board of Directors," said Sheila Wellington, president of Catalyst. "We look forward to working with Cinda and Rick to build on Catalyst's strong foundation and effectiveness in the business community. Catalyst is breaking new ground. We are expanding our operations to the West Coast and will soon release a study of women in business in Europe. But we could not do it without the expertise and dedication of our board members. They are an invaluable resource and help us make it all happen."

Prior to being appointed to her current position in 2001, Hallman had a distinguished 20-year career with DuPont, where she was senior vice president of global systems and processes.

A 25-year veteran of GM, Wagoner was also appointed to his current position in 2000. He previously served as president and chief operating officer since 1998, and prior to that as executive vice president and president of North American Operations.

GM, long-time supporter of Catalyst, most recently sponsored the 2002 Catalyst Awards Conference held in April in New York City.

About Catalyst: Catalyst is a nonprofit research and advisory organization working to advance women in business and the professions, with offices in New York, California and Toronto. The leading source of information on women in business for the past four decades, Catalyst has the knowledge and tools that help employers and women maximize their potential. Our solutions-oriented approach-through research, Advisory Services, Corporate Board Placement, and the Catalyst Award-has earned the confidence of global business leaders. For additional information or to obtain a copy of this report, please visit our web site at www.catalystwomen.org or call 212-514-7600.