Mary Tyler Moore, international chairman of the Juvenile Diabetes Foundation, presents its “Man of the Year” award to Donald B. Marron, chairman and chief executive officer of Paine Webber Group Inc., in New York Thursday night, March 18, 1999 (Camera 1 photo).

New York, March 17, 1999—The Juvenile Diabetes Foundation International (JDF) is pleased to announce Donald B. Marron, chairman and chief executive officer of Paine Webber Group Inc., as its 1999 “Man of the Year.” Mr. Marron will be honored at a black-tie dinner on March 18th at the Waldorf-Astoria Hotel in New York City. Mary Tyler Moore, International Chairman of JDF, will present the award.

    JDF’s “Man of the Year” dinner was initiated in 1985 to acknowledge the contributions made to diabetes research by outstanding individuals in the private sector. Mr. Marron heads one of the largest U.S. investment firms. His participation in this event has helped JDF raise $1.5 million to find a cure for diabetes and its complications.

    “It is a privilege to be honored as ‘Man of the Year’ by JDF, the organization leading the way in finding a cure for a debilitating disease affecting more than 16 million Americans,” Mr. Marron said. “All of us at Paine Webber are committed to making a difference in the communities we serve.”

    Mr. Marron has served as chairman and chief executive officer of Paine Webber Group since 1981. Throughout his career he has held leadership positions in the industry and community. Previously, he was the director of the New York Stock Exchange, and governor, vice chairman, and a member of the executive committee of the Securities Industry Association. Currently, he is a private sector co-chairman of the National Commission on Retirement Policy and is a member of the board of governors of the National Association of Securities Dealers (NASD). Mr. Marron also has a longstanding leadership role in philanthropy and has worked tirelessly to help a diverse group of non-profit organizations focusing on medical research, children’s advocacy, and the arts.

    “Over the last several years, Donald Marron, a true friend of JDF, has dedicated himself and Paine Webber to helping us find a cure for diabetes and its complications,” said John J. McDonough, Chairman of the Board of JDF. “Since 1995 Paine Webber and its employees have raised over $3 million for our annual Walk to Cure Diabetes, and we are truly honored to have Don leading that charge.”

    Past “Man of the Year” award recipients include: Michael H. Jordan, Chairman and CEO of CBS; Edgar Bronfman, Jr., President and CEO of The Seagram Company, Ltd.; R.E. (Ted) Turner, Board Chairman and President of Turner Broadcasting System, Inc.; Gerald M. Levin, Chairman & CEO of Time Warner Inc.; The Nordstrom Family; Joseph E. Antonini, President and CEO of Kmart Corporation; Raymond V. Gilmartin, President and CEO of Becton Dickinson and Co.; the late Steven J. Ross, Chairman and Co-CEO of Time Warner, Inc.; Mary Tyler Moore; James E. Burke, President and CEO of Johnson & Johnson; Donald Keough, President and COO of Coca-Cola Company; John McGillicuddy, Chairman and CEO of Manufacturers Hanover; Lee Iacocca, Chairman and CEO of Chrysler Corporation; and J. Richard Munro, President and CEO of Time, Inc.

    Paine Webber Group Inc., together with its subsidiaries, serves the investment and capital needs of a worldwide client base. The firm employs 17,767 people in 303 offices.

[Contact: Julie Kimbrough, Manager, Media Relations, (212) 479-7536]