Agilent CEO Hops on Board

PALO ALTO, Calif. -- Agilent Technologies Inc. (NYSE:A) today announced that Ned Barnholt, Agilent president and CEO, has been named chairman of the company's Board of Directors. Barnholt replaces Gerald Grinstein, who will retire from the board in March 2003. Grinstein, 70, will remain as lead director through February. Upon Grinstein's retirement, board member David Lawrence will assume the position as lead director. Grinstein became a director and non-executive chairman of Agilent's board when the company was launched in 1999. As the former chairman and CEO of both Burlington Northern and Western Airlines, Grinstein brought a wealth of experience in board management issues to Agilent, which had just been spun off from Hewlett-Packard. "Jerry was instrumental in helping us establish Agilent as an independent company," said Barnholt. "His guidance during these past three years has been immeasurable, and I look forward to a continuing relationship with him after he has stepped down from our board." "My work with Agilent and Ned has been a wonderful experience," said Grinstein. "It was my good fortune to be able to play a part in the launch of this great company and help with the formation of a strong board that continues to bring diverse perspectives to the table. The next chapters at Agilent will be exciting to watch, since the company is in such good hands." Barnholt, 59, was named president and CEO at the time of Agilent's spin-off from Hewlett-Packard in 1999. Prior to that, he served as executive vice president and general manager of HP's Measurement Organization. Barnholt began his career with HP in 1966. Agilent Technologies Inc.