Originally created 05/04/04

J.P. Morgan Chase, Bank One announce planned board



NEW YORK -- J.P. Morgan Chase & Co. and Bank One Corp. on Monday announced the names of the 16 people they plan to name to the board when the banks are merged.

The eight directors from J.P. Morgan Chase will include William B. Harrison Jr., who will be chairman and chief executive officer of the merged bank, as well as seven others.

The eight directors from Bank One will include James Dimon, who will be president and chief operating officer of the merged bank, along with seven others.

The merger, which is still awaiting regulatory and shareholder approval, is expected to close in mid-2004. Shareholders are to meet May 25 to vote on the deal as well as on the board nominees.

The announcement said that other than Harrison and Dimon, all the directors were considered independents.

The J.P. Morgan Chase nominees are Hans W. Becherer, retired chairman and CEO if Deere & Co.; John H. Biggs, former chairman and CEO of TIAA-CREF; Lawrence A. Bossidy, retired chairman of Honeywell International Inc.; Ellen V. Futter, president of the American Museum of Natural History; William H. Gray, III, retired president and CEO of The College Fund/UNCF; Lee R. Raymond, chairman and CEO of Exxon Mobil Corp.; and John R. Stafford, retired chairman of Wyeth.

The Bank One nominees are Stephen B. Burke, president of Comcast Cable Communications Inc.; James S. Crown, president of Henry Crown and Co.; Laban P. Jackson Jr., chairman and CEO, Clear Creek Properties Inc.; John W. Kessler, owner of John W. Kessler Co.; Robert I. Lipp, executive chairman of St. Paul Travelers Cos. Inc.; Richard A. Manoogian, chairman and CEO of Masco Corp.; and David C. Novak, chairman and CEO of Yum! Brands Inc.

J.P. Morgan Chase is headquartered in New York, and Bank One in Chicago. The combined bank will be headquartered in New York, but will retain Chicago as the base for some retail operations.

The combined bank will be second in size only to Citigroup, the nation's largest financial institution.

On the Net:

www.jpmorganchase.com

www.bankone.com