Business Wire, February 22, 2006, Wednesday

Copyright 2006 Business Wire, Inc.
Business Wire

February 22, 2006 Wednesday 2:35 PM GMT

DISTRIBUTION: Business Editors

HEADLINE: Bear Stearns Names Pamela Kimmet Global Head of Human Resources

DATELINE: NEW YORK Feb. 22, 2006

BODY:
Bear, Stearns & Co. Inc. announced today that Pamela Kimmet will be joining the firm in March as a senior managing director and global head of Human Resources. With more than 25 years of experience in human resources administration, Ms. Kimmet possesses a deep understanding of the financial services industry and has significant benefits and compensation expertise. She will report to Samuel Molinaro, executive vice president and chief financial officer.
Commenting on the hire, Mr. Molinaro said, "At Bear Stearns we fully appreciate that our 12,000 employees are our most important asset, and we are extremely pleased to have Pam lead our human resources effort. Her extensive knowledge and experience will help us continue to attract, develop and retain the top talent in the industry."
Ms. Kimmet joins Bear Stearns from Lucent Technologies, where she has headed that firm's global human resources organization since 2001. Prior to joining Lucent in 2000 as vice president in charge of compensation, benefits and health services, Ms. Kimmet led the compensation and benefits team for Citigroup, where she supported the successful integration of these programs and their administration following the 1998 merger of Citibank and Travelers Group. Before joining Citibank in 1994, she spent 14 years with General Motors, where she held increasingly responsible roles in various human resources positions across the corporation. Ms. Kimmet earned an MBA from Michigan State University through the school's Advanced Management Program, and holds a BS in industrial and labor relations from Cornell University.
Founded in 1923, Bear, Stearns & Co. Inc. is a leading investment banking and securities trading and brokerage firm, and the major subsidiary of The Bear Stearns Companies Inc. (NYSE:BSC). With approximately $54.3 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales and trading, securities research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers financing, securities lending, clearing and technology solutions to hedge funds, broker-dealers and investment advisors. Headquartered in New York City, the company has approximately 12,000 employees worldwide. For additional information about Bear Stearns, please visit the firm's website at www.bearstearns.com.



CONTACT: Bear, Stearns & Co. Inc. Russell Sherman, 212-272-5219 RussellSherman@bear.com

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