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Mirant CEO appointed to Philippine Economic Advisory Board

5 Feb 2002 – Mirant Chief Executive Officer Marce Fuller has been appointed an inaugural member of Philippine President Gloria Macapagal-Arroyo’s International Board of Advisors. In a statement today, Mirant said that Fuller will join a group of 11 other global leaders who will work to help the president make the Philippines a more active participant in the global economy.

“Mirant continues to make a significant contribution to the development of the Philippines,” said Fuller. “Mirant has conducted business in the Philippines for more than a decade and has worked hard to become part of the country’s fabric. A great deal of our success comes from the high quality of the Filipino workforce and the willingness of the government to invite foreign investment. As a member of the president’s board, I will communicate that the Philippines is an excellent place to do business.”

The board will meet at least once a year to provide recommendations to President Arroyo on policies for economic and infrastructure improvements. The first session of the Advisory Board was held in New York City on February 1, 2002. Members, recognized as leaders in their fields, serve for two years and report directly to President Arroyo.

This appointment follows Fuller’s recently announced role as chairperson of the U.S. Department of Energy’s Electricity Advisory Board. Fuller also serves as a member of the Board of Directors, EarthLink; a member of the Board of Trustees, Atlanta International School; a member of the Leadership Board, College of Engineering, University of Alabama; and a member of the Board of Directors, Curtiss-Wright Corporation.

Mirant is the largest foreign investor in the Philippines having commenced operation in 1989. It now employs about 1000 people in the five power plants it operates in the country.