Hilton Elects John Myers, Peter Ueberroth to Board of Directors

Both had served as directors of the former Promus Hotel Corp., and their election increases to 14 the number of Hilton directors.

"We are pleased to welcome John and Peter to our board, and believe that their unique combination of finance and investment acumen, entrepreneurial skills, wide variety of business experiences and work in the tourism and real estate industries will bring great value to our company, and we look forward to their insights and contributions for years to come," said Barron Hilton, chairman, and Stephen F. Bollenbach, president and chief executive officer.

Myers, 54, has served in a number of senior positions at General Electric Investment Corp. since 1986. Prior to being named president and CEO, he was most recently executive vice president, with responsibility for the fixed income, private equity and real estate groups.

Myers also was manager-finance of the company's construction-engineering services group, deputy treasurer of the General Electric Company and manager-finance of the international contractor equipment department. He began his GE career in the organization's financial management program and served in several international positions, including offshore assignments in Germany and Italy.

In addition to serving as a Director of Hilton, Myers is a member of the boards of directors of GE Capital Services Inc., the Pebble Beach Company and the Warburg Pincus Advisory Board. He also is a trustee of Wagner College and serves on the pension managers advisory committee of the New York Stock Exchange. He earned a bachelor's degree in mathematics from Wagner College, was commissioned as an officer in the U.S. Navy and served two tours of duty in Vietnam.

Ueberroth, 62, is managing director of Contrarian Group, an investment and business management company. He also is co-chairman of the Pebble Beach Company, having recently led this successful acquisition. For six years, Ueberroth served as the sixth Commissioner of Major League Baseball, and from 1980 to 1984 was president and chief executive officer of the Los Angeles Olympic Organizing Committee, the private, non-profit group responsible for staging and operating the 1984 Los Angeles Olympic Games.

A member of the board of directors of The Coca-Cola Company, and chairman of Ambassadors International, Ueberroth has earned numerous honors and accolades during the course of his career. He was both Time magazine's and The Sporting News' 1984 Man of the Year; was awarded the French Legion d'Honneur; is one of only two Americans ever to receive the Olympic Order-Gold from the International Olympic Committee; and received the Sports Torch of Learning Award and Scopus Laureate award from the American Friends of the Hebrew University.

Ueberroth earned a bachelor's degree in business from San Jose State University, and has received honorary degrees from several noted universities, including Notre Dame, Ohio University, Holy Cross, Lafayette and the University of Southern California.