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Press Release · March 3, 1997

Bank of America CEO David Coulter Joins PPIC Board

SAN FRANCISCO, California, March 3, 1997–President and CEO David Lyon announced today that David A. Coulter, Chairman and Chief Executive Officer of the San Francisco-based BankAmerica Corporation and its principal subsidiary, Bank of America NT&SA, has agreed to serve on the Board of Directors of the Public Policy Institute of California (PPIC).

“I am delighted that David has accepted a position on our Board,” Lyon said. “As the leader of the nation’s third largest bank and a participant in numerous professional and community organizations, he possesses an unparalleled knowledge of the economic, social, and political issues and forces that will shape California in the years to come. His vision and expertise will greatly enhance PPIC’s work.”

Coulter, 49, was born in Pittsburgh. He joined Bank of America in 1976 and has held positions in World Banking, Treasury, and Corporate Planning, and in the Office of the President. He received a bachelor’s degree in mathematics and a master’s degree in industrial administration from Carnegie-Mellon University.

“California faces many crucial challenges and there is a growing need for independent research and analysis that informs the debate over the future of our state,” Coulter said. “I strongly support PPIC’s dedication to such an effort and I am pleased to accept this important responsibility.”

Other members of the PPIC Board of Directors are: Arjay Miller, Chair, Dean Emeritus, The Graduate School of Business, Stanford University; William K. Coblentz, Partner, Coblentz, Cahen, McCabe & Breyer; David W. Lyon, President and CEO, PPIC; Cheryl White Mason, Partner, O’Melveny and Myers; A. Alan Post, Former State Legislative Analyst; Cynthia A. Telles, Department of Psychiatry, UCLA School of Medicine; Raymond L. Watson, Vice Chairman of the Board, The Irvine Company; Harold M. Williams, President and CEO, The J. Paul Getty Trust.

The Public Policy Institute of California is an independent, nonprofit organization dedicated to nonpartisan research on economic, social, and political issues that affect the lives of Californians. PPIC was established in 1994 with an endowment from William R. Hewlett.