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Joint Venture picks Stanford think-tank director as its new chief executive officer

SAN JOSE, July 31, 2003 — Joint Venture: Silicon Valley Network has named Russell Hancock, director of the Walter H. Shorenstein Forum at Stanford University, as its new president and chief executive officer, effective September 1.

Rebecca Guerra and Martha Kanter, co-chairs of Joint Venture said, “Russ Hancock’s leadership success and community experience, will be immensely valuable as Joint Venture launches new initiatives in September to help Silicon Valley build a new economic model with valuable job opportunities and a better quality of life for its residents. His ability to encourage collaboration and marshal the human and financial resources for regional solutions is a perfect match with Joint Venture.”

In addition to four years at the Forum, Mr. Hancock has diverse experience in the public policy, governmental, political, cultural, and religious life of the Bay Area. He was vice president of the Bay Area Council (1995-1999); project manager for the Bay Area Water Transit Initiative (1997-1999); lay minister of the Church of Jesus Christ of Latter-Day Saints at Stanford (1996-2001); campaign manager for Ron Anderson for Palo Alto City Council (1993); policy analyst for the San Jose City Council (1990); and a special adviser to the GCA Corporation (1985). He has been managing director of the Ensign Street Concerts of Palo Alto since 1988.

The Stanford Forum brings together senior policymakers, executives, journalists and scholars to help shape public policy in the Pacific Rim. It conducts research, sponsors discussion between national leaders, organizes symposiums, and arranges policy briefings. As director of these activities, Mr. Hancock also built partnerships with other organizations, launched the Shorenstein Award together with Harvard University, and raised money.

Mr. Hancock said, “Joint Venture was founded by men and women of extraordinary vision and commitment. It is sustained by people who feel passionately about community, people who think expansively about our problems and their solutions. They have built a new model for regional collaboration, one that I will carry forward like a sacred trust.”

Marguerite Wilbur, current chief executive officer of Joint Venture, will return to her previous role as chief operating officer. “I was willing to step up to the CEO responsibility until Joint Venture found the right person to take the top job on a long-term basis. I’m confident that Russ Hancock is that person. Joint Venture and Silicon Valley are very fortunate to have him lead at this important time.”

Former Joint Venture Chair Keith Kennedy, who headed the recruiting process for the new CEO, predicted, “Russ and Marguerite will be a strong team to lead Joint Venture. Marguerite brought stability to the organization when we needed it. She also launched several important programs, including the Next Silicon Valley Initiative, the Workforce Study and Forums, and the Main Street Silicon Valley Project. Russ knows the Valley and is a proven leader.”

Dr. Hancock graduated cum laude in government from Harvard University and earned his M.A. and Ph. D. degrees in political science from Stanford. He will continue as a lecturer in the Public Policy Program at Stanford. He is a prolific writer, fluent in Japanese, and a concert pianist. His wife, Marguerite Gong Hancock, who is associate director, Stanford Project on Regions of Innovation and Entrepreneurship, and he have three children and live in Palo Alto.

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