JPMorgan Chase and Bank One Announce Board of Directors for Combined Company
May 03 2004 - 10:21AM
PR Newswire (US)
JPMorgan Chase and Bank One Announce Board of Directors for
Combined Company NEW YORK, May 3 /PRNewswire-FirstCall/ -- J.P.
Morgan Chase & Co. and Bank One Corporation announced today the
anticipated Board of Directors of J.P. Morgan Chase & Co.
effective upon the completion of the merger. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030116/NYTH053LOGO ) JPMorgan
Chase and Bank One currently expect that the proposed merger will
close in mid-2004. The merger is subject to stockholder approval
and to receipt of regulatory approvals. Stockholder meetings for
both JPMorgan Chase and Bank One have been scheduled for May 25,
2004. At their annual meetings, stockholders will be asked to vote
on the merger agreement, elect their respective Boards of Directors
and act on such other matters as are specified in the notice of
meeting. The Directors elected at the annual meetings on May 25
will serve until the merger is completed. Under the merger
agreement, the Board of the combined company will have 16 members,
consisting of eight Directors from each company. The eight
Directors from JPMorgan Chase will include William B. Harrison,
Jr., who will be Chairman and Chief Executive Officer, and seven
other Directors designated by the JPMorgan Chase Board. The eight
Directors from Bank One will include James Dimon, who will be
President and Chief Operating Officer, and seven other Directors
designated by the Bank One Board. Subject to the election of each
nominee as proposed at the JPMorgan Chase and Bank One annual
meetings, the members of the Board of Directors upon the completion
of the merger will be as follows. All of the Directors other than
Messrs. Harrison and Dimon are independent under the definitions
adopted by JPMorgan Chase and Bank One in accordance with New York
Stock Exchange listing standards, and all are expected to be
independent following the merger. Hans W. Becherer, Retired
Chairman & Chief Executive Officer, Deere & Company * John
H. Biggs, Former Chairman and Chief Executive Officer, TIAA-CREF *
Lawrence A. Bossidy, Retired Chairman of the Board, Honeywell
International, Inc. * Stephen B. Burke, President, Comcast Cable
Communications, Inc. ** James S. Crown, President, Henry Crown and
Company ** James Dimon ** Ellen V. Futter, President and Trustee,
American Museum of Natural History * William H. Gray, III, Retired
President and Chief Executive Officer, The College Fund/UNCF *
William B. Harrison, Jr. * Laban P. Jackson, Jr., Chairman and
Chief Executive Officer, Clear Creek Properties, Inc. ** John W.
Kessler, Owner of John W. Kessler Company ** Robert I. Lipp,
Executive Chairman, St. Paul Travelers Companies, Inc. ** Richard
A. Manoogian, Chairman and Chief Executive Officer, Masco
Corporation ** David C. Novak, Chairman and Chief Executive
Officer, Yum! Brands, Inc. ** Lee R. Raymond, Chairman of the Board
and Chief Executive Officer, Exxon Mobil Corporation * John R.
Stafford, Retired Chairman of the Board, Wyeth * * designated by
JPMorgan Chase ** designated by Bank One Both Messrs. Harrison and
Dimon expressed their deep appreciation for the work of their
respective Boards and for their support in establishing the Board
structure of the merged company. In connection with the proposed
transaction, JPMorgan Chase has filed a Registration Statement on
Form S-4 with the Securities and Exchange Commission containing a
joint proxy statement-prospectus with regard to the proposed merger
and Bank One has filed a Definitive Proxy Statement on Schedule 14A
with the SEC that also contains the joint proxy
statement-prospectus. Stockholders are advised to read the joint
proxy statement-prospectus because it contains important
information. Stockholders may obtain a free copy of the joint proxy
statement-prospectus and other documents filed by JPMorgan Chase
and Bank One with the SEC, at the SEC's internet site (
http://www.sec.gov/ ). Copies of the joint proxy
statement-prospectus and the SEC filings incorporated by reference
in the joint proxy statement-prospectus can also be obtained,
without charge, by directing a request to J.P. Morgan Chase &
Co., 270 Park Avenue, New York, NY 10017, Attention: Office of the
Corporate Secretary (212-270-6000), or to Bank One Corporation, 1
Bank One Plaza, IL1- 0738, Chicago, IL 60670, Attention: Investor
Relations (312-732-4812). Copies of the joint proxy
statement-prospectus are being provided to all stockholders of
record on April 2, 2004. Mailing of the joint proxy
statement-prospectus commenced April 21, 2004. Bank One Corporation
( http://www.bankone.com/ ) is the nation's sixth-largest bank
holding company, with assets of $320 billion. Bank One currently
has more than 51 million credit cards issued, nearly 7 million
retail households, and approximately 20,000 middle market
customers. It also manages $188 billion of clients' investment
assets. J.P. Morgan Chase & Co. ( http://www.jpmorganchase.com/
) is a leading global financial services firm with assets of $801
billion and operations in more than 50 countries. The firm is a
leader in investment banking, financial services for consumers and
businesses, financial transaction processing, investment
management, private banking and private equity. A component of the
Dow Jones Industrial Average, J.P. Morgan Chase & Co. is
headquartered in New York and serves more than 30 million consumers
nationwide, and many of the world's most prominent corporate,
institutional and government clients.
http://www.newscom.com/cgi-bin/prnh/20030116/NYTH053LOGO
http://photoarchive.ap.org/ DATASOURCE: Bank One Corporation
CONTACT: Joseph Evangelisti of JPMorgan Chase, +1-212-270-7438, or
Thomas A. Kelly of Bank One, +1-312-732-7007 Web site:
http://www.bankone.com/ http://www.jpmorganchase.com/
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