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Press Release

Contact:
Michael B. Laffin
412-268-3486

For immediate release:
May 13, 2003

FreeMarkets' Glen Meakem, Columbia House's Brian Wood to Speak at Carnegie Mellon Business School Graduation Ceremonies

PITTSBURGH—FreeMarkets, Inc. founder and chairman Glen T. Meakem will deliver the keynote address at Carnegie Mellon's business school's 53rd graduate diploma ceremony on Saturday, May 17, 2003, at 2 p.m. in Soldiers and Sailors Memorial Hall, Pittsburgh. At this year's ceremony, approximately 360 master's and doctor's degrees will be conferred in the areas of business administration, computational finance, electronic commerce, economics and related business disciplines.

The following day, Sunday, May 18, at 1:45 p.m., more than 150 undergraduate students from Carnegie Mellon will receive bachelor's degrees in a ceremony where Columbia House Company president and Carnegie Mellon alumnus Brian S. Wood will offer his perspective and advice to those gathered at Soldiers and Sailors.

Glen Meakem has led FreeMarkets since 1995. Based in Pittsburgh, the company is the leading provider of software, services and information that assists corporations with all phases of supply management. Meakem is also a member of the Carnegie Mellon Board of Trustees. He has held management positions with McKinsey & Company and Kraft General Foods. Meakem holds a bachelor of arts degree, graduating cum laude, from Harvard University and an MBA from Harvard Business School.

Brian Wood is president of Columbia House, the world's largest direct marketer of music, DVDs and videos. Wood's 27-year career at the company has included several senior management positions in virtually every aspect of the organization's operations. Prior to his appointment as president in 2000, Wood was executive vice president of the company's video business. Wood earned his undergraduate business degree and MBA from Carnegie Mellon.

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