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CITIZENS BANK CEO THOMAS J. HOLLISTER NEW CHAMBER CHAIR

Hollister was the unanimous choice of both the Chamber抯 Nominating
and Executive Committees, and their decision will now be presented to
the Chamber抯 board and members for ratification. He will succeed Charles
K. Gifford, president and chief operating officer of FleetBoston Financial.

In making the announcement Gifford said, 揟om Hollister represents the new
generation of leaders that is extending Greater Boston抯 preeminence as one
of the world抯 great metropolitan regions. I have had the good fortune of
working with Tom for many years and know firsthand of his abilities as a
forceful and determined leader. His creativity, experience, and vision will
be invaluable as the Chamber builds upon its work as Greater Boston抯 leading
business and civic organization.?br>
In accepting his new responsibilities Hollister said, 揑 believe that the
Chamber and, indeed, the entire business community have an indispensable role
to play in shaping the economic and civic life of our community. As the Chamber抯
new chair, I will devote myself to ensuring the long-term advancement of our
region as a world-class, culturally diverse, and thriving community."

Paul Guzzi, president and CEO of the Chamber, said, 揟om抯 track record of
achievement makes him one of Greater Boston抯 most effective leaders. His energy
and passion for civic excellence will be an invaluable resource for both
the Chamber and our community.?br>
Hollister joined Citizens Bank in October 1998, bringing 20 years of banking experience
and a commitment to customer service to the state抯 second-largest commercial bank.

Hollister began his banking career at Bank of Boston in 1979. Throughout his tenure
there, he held significant roles in commercial banking, retail banking, and real estate.
At the time of his move to Citizens, Hollister was Executive Vice President of
Consumer and small Business Banking.



STRENGTHENING GREATER BOSTON'S ECONOMY: A RECORD OF ACHIEVEMENT

South Boston Waterfront Plan Approved

A zoning plan that will create a world-class neighborhood on the South Boston Waterfront has been approved by state regulators. The Chamber played a major role in shaping and securing approval of the Boston Municipal Harbor Plan, which will enable the construction of new hotel, residential, and office space along the water, and provide a major boost to another Chamber priority, Boston's new convention center.

Chamber-filed Job Training Bill Enacted

A new Massachusetts job training incentive is in place because of Chamber-sponsored legislation. The incentive provides matching funds for job training programs developed jointly by community colleges and area businesses. The incentive will produce new training programs, raise workers skills, and strengthen ties between businesses and community colleges.

Federal Research Funding Increases Secured

Federal research funding, a cornerstone of our region's economy, has increased dramatically over the past two years. The Chamber-organized National Business Coalition for Federal Research helped to secure those increases by working with our region's universities, and with White House and Congressional leaders. Double-digit increases have been won for key accounts, including the National Institutes of Health, the National Science Foundation, and Defense Department basic research.

Chamber-Sponsored Waterfront Development Reforms Adopted

A Chamber-initiated reform process has dramatically reduced the time it takes the state to review waterfront development projects. The new process provides quicker decisions, while still preserving high standards that protect the integrity of harbors and shores. These reforms are the third set of change that the Chamber has secured to establish a clear timetable for development project reviews.

China Trade Agreement Becomes Law

In the fall of 2000, Congress and the President reached agreement on a Permanent Normal Trade Relations bill for China, a top Chamber priority. The Chamber led the business community's efforts, resulting in a major victory of vital importance to the economic future of our region. The bill will reduce trade barriers for our region's key industries, including financial services, telecommunications, and technology.

Chamber-Supported Hiring Reforms Included in New Boston Teachers Contract

Reforms that significantly improve the teacher hiring process are now included in the new Boston teachers contract. The Chamber worked for these reforms as a lead member of Boston United for Children, a new coalition of community and business groups working for structural reforms in the Boston Public Schools.

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