Paul Calello, Gary W. Parr Elected To NY Philharmonic Board

New York Philharmonic Chairman Paul B. Guenther and President and Executive Director Zarin Mehta have announced the election of two new members to the organization's Board of Directors: Paul Calello, of Credit Suisse, and Gary W. Parr, of Lazard. The two new members were appointed to the Board of Directors effective March 19, 2009.

Paul Calello is Chief Executive Officer of the global Investment Bank of Credit Suisse. He is a member of the Executive Boards of Credit Suisse and Credit Suisse Group, and Chairman of the Management Committee of the Investment Bank. He joined the Bank in 1990 as a founding member of Credit Suisse Financial Products, was named to the Investment Bank's Executive Board in 1997, and served as Global Head of Equity Derivatives and Convertible Bonds (1997-2002) and Global Head of Commodities and Fixed Income Derivatives (1992-2000). In 2002, Mr. Calello was appointed Chairman and CEO of Credit Suisse's Investment Bank in Asia Pacific and, in 2006, assumed responsibility for all of the Bank's operations in the region.

Before joining Credit Suisse, Mr. Calello worked in the Global Markets Group of Bankers Trust Company in New York and Tokyo, after working at the Federal Reserve System in the Monetary and Economic Policy Research Group in Boston and Washington, D.C. He earned an undergraduate degree from Villanova University and an M.B.A. from Columbia Business School, where he has also been a guest lecturer in finance. A member of the Council on Foreign Relations and the Foreign Policy Association, Mr. Calello serves on the International Board of Advisors to Philippines President Gloria Macapagal-Arroyo. He is a member of the Columbia Business School Board of Overseers and serves as a Trustee of the Credit Suisse Foundation.

Gary W. Parr is a Deputy Chairman of Lazard. He has provided strategic advice to financial institutions worldwide, including on transactions such as those involving the sale of Lehman's North American investment banking business to Barclay's, the sale of Bear Stearns to JPMorgan, the Board of Fannie Mae in the U.S.-led restructuring, Mitsubishi UFJ's investment in Morgan Stanley, Kuwait's investment in Citigroup, China Investment Corp.'s investment in Morgan Stanley, the merger of Bank of New York and Mellon, JP Morgan's acquisition of Bank One, and the New York Stock Exchange's merger with Archipelago. Before Mr. Parr joined Lazard, he served in a variety of positions at Morgan Stanley, including Vice-Chairman of Institutional Securities and Investment Banking, Chairman and head of the Global Financial Institutions Group, co-head of the Global Mergers and Acquisitions Department, and Chairman of Princes Gate Fund. Earlier he had been with a group from First Boston that formed Wasserstein Perella, where he rose to be Co-President. Among his other affiliations, Mr. Parr is Chairman of the Parr Center for Ethics at the University of North Carolina at Chapel Hill, and Chairman of the Board of Venetian Heritage, and he serves on the boards of The Kenan-Flagler Business School at University of North Carolina at Chapel Hill and Mingya (China). A graduate of the University of North Carolina at Chapel Hill, he received his M.B.A. from Northwestern University.

Founded in 1842, the New York Philharmonic is the oldest symphony orchestra in the United States and one of the oldest in the world. Since its inception, it has played a leading role in American musical life, championing the new music of its time with commissions or premieres of important works. Alan Gilbert will become Music Director in September 2009, succeeding Lorin Maazel in a distinguished line of 20th-century musical giants. The Orchestra has become renowned around the globe, having appeared in 425 cities in 59 countries on five continents. In February 2008 it made a historic visit to Pyongyang, Democratic People's Republic of Korea - the first performance there by an American orchestra and an event that was watched around the world, and for which the Philharmonic received the 2008 Common Ground Award for Cultural Diplomacy.

The Philharmonic began radio broadcasts in 1922, and is currently represented by The New York Philharmonic This Week, syndicated nationally 52 weeks per year, streamed on the Orchestra's Website, nyphil.org, and carried on XM Satellite Radio. The Orchestra's concerts are also broadcast throughout Europe on BBC Radio 3. On television, the Philharmonic inspired a generation of music lovers through Leonard Bernstein's Young People's Concerts, and its television presence has continued with annual appearances on Live From Lincoln Center. The Internet has expanded the Orchestra's reach, and in 2006 the Philharmonic became the first major American orchestra to offer downloadable concerts, recorded live and available on the DG Concerts label, exclusively on iTunes. Credit Suisse is the exclusive Global Sponsor of the New York Philharmonic.