To: afrayem onigwecher who wrote (2991 ) 3/5/2001 1:46:30 PM From: StockDung Read Replies (1) | Respond to of 3392 Bloomberg Announces Additions to Board of Directors; Former SEC Chairman Arthur Levitt Among New Board Members NEW YORK, March 5 /PRNewswire/ -- Bloomberg today announced that Arthur Levitt, Jane Bryant Quinn, Frank Savage and Thomas Secunda have been named to its Board of Directors. In addition, it was announced that current board member, Peter T. Grauer will be elevated to Chairman of the Board of Directors. Headquartered in New York City, Bloomberg is a global news, information and media company with operations in 100 countries. In announcing the Board additions, Michael R. Bloomberg, CEO and founder of Bloomberg said, "Over the last few years as I have devoted increased time to public service, and as our worldwide business has grown in complexity, the need to expand the range of advice provided by our Board has become more evident. These four additions will help me, my successors, and all our 7,000 employees maintain the company's exacting standards and keep our products ahead of our customer's needs. We are truly lucky to be able to attract this outstanding level of Board member." Arthur Levitt retired last month as chairman of the Securities and Exchange Commission, after a record 7 1/2 year term. As chairman, Mr. Levitt was known as a tireless advocate for the individual investor who pushed for a number of initiatives to bring greater transparency and fairness to the financial markets. Prior to the SEC, Arthur Levitt was Chairman of the New York City Economic Development Corporation, the American Stock Exchange and President of Shearson Hayden Stone Inc. Jane Bryant Quinn, a pioneer in financial journalism, is a contributing editor and columnist for Newsweek, a columnist syndicated nationally by the Washington Post and a contributing columnist to Good Housekeeping magazine. Ms. Quinn wrote the best-seller, Making the Most of Your Money and has held a number of top editorial positions throughout her career including national business correspondent at CBS-TV News for most of the 1980s. Frank Savage is chairman of Alliance Capital Management International, a division of Alliance Capital Management L.P., an investment advisory firm that provides management services to institutions, insurance companies, banks and individual investors. He has held a number of executive positions within the financial services industry, including Chairman of Equitable Capital Management and senior vice president of Equitable Life Assurance Society of New York. Mr. Savage is Chairman of the Board of Trustees of Howard University. Thomas Secunda, a founding partner of Bloomberg L.P., has been with the company since 1982. Tom has overseen all research and development for the firm whose worldwide businesses include the Bloomberg Professional Service, television and radio networks and publishing operations. Previously, Tom worked alongside Michael Bloomberg in systems research at Salomon Brothers. He serves on the Boards of The National Parks Conservation Association and the Intrepid Museum Foundation. The new directors will join current board members: Richard K. DeScherer, Partner, Willkie Farr & Gallagher and Director and President of the S.L.E. (Lupus) Foundation; Peter T. Grauer, Managing Director of CS First Boston and Chairman of the Board of The Big Apple Circus and Hugh P. Lowenstein, founder and CEO of Shore Capital Ltd. About Bloomberg Bloomberg L.P. is a global, multi-media based distributor of information services, combining news, data and analysis for financial markets and businesses. Bloomberg provides real-time pricing, historical pricing, indicative data, analytics and electronic communications 24 hours a day through 152,000 BLOOMBERG Professional(R) systems used by over 250,000 financial professionals in 100 countries. Bloomberg media includes television, radio, publishing and Internet operations worldwide. SOURCE Bloomberg CO: Bloomberg ST: New York IN: FIN SU: PER 03/05/2001 11:25 EST prnewswire.com