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TriZetto Appoints Sharon D. Garrett, Former Disney CIO,
to Board of Directors
NEWPORT BEACH, Calif. – March 21, 2002 – The TriZetto(R) Group, Inc. (NASDAQ: TZIX) announced today the appointment of Sharon D. Garrett to its Board of Directors. Garrett fills the seat on TriZetto's board vacated by William Fisher, who resigned to accept the position of President, Global Software Services Division, CSG Systems, Inc.
"We extend our sincerest thanks to Bill for his leadership and service as a board member during TriZetto's formative years," said Jeffrey H. Margolis, TriZetto's chairman and chief executive officer. "Although Bill will be missed, we are extremely pleased that a professional of Sharon Garrett's caliber will be joining our board, and look forward to putting her considerable energy and talent to work on behalf of TriZetto. She is joining the company at a pivotal point in our growth trajectory, when her experience with large, complex organizations, both in healthcare and other industries, will be a valuable asset."
Garrett has served in numerous chief executive officer and chief operating officer roles for both late-stage start-up companies and divisions of large, established firms. In 2000, she served as chair and chief executive officer of Zyan Communications, a high-speed, broadband communications company.
Garrett served as chief information officer (CIO) of The Walt Disney Company from 1989 to 2000, where she was responsible for domestic and international information technology operations, overseeing $650 million in annual operating expenses, a $250 million capital budget, and more than 2,200 professional staff. As CIO, she managed telecommunications, data center operations, and all business applications supporting the $25 billion entertainment company. Prior to Disney, she served as deputy director of the UCLA Medical Center and as chief operating officer (U.S. operations) of Porton International, a $600 million multinational biotechnology company.
Garrett holds a doctorate and a master's degree in public health, as well as a bachelor's degree in economics, all from UCLA. She also serves on the board of directors of Ross Stores and is an advisory board member of Validus, the venture capital subsidiary of United Healthcare, and Exult, a business-process re-engineering and human resources outsourcing company.
About TriZetto
The TriZetto(R) Group, Inc. offers a broad portfolio of healthcare IT products and services that can be delivered individually or combined to create a comprehensive solution. The company provides proprietary and third-party software on a licensed or hosted basis, e-business applications, consulting services and business services, such as claims, billing and enrollment processing. Focused exclusively on healthcare, TriZetto serves more than 500 payers, providers and benefits administrators. Its payer customers serve more than 90 million health plan members, or approximately 40 percent of the insured population of the United States. Headquartered in Newport Beach, Calif., TriZetto can be reached at (800) 569-1222, www.trizetto.com.
This press release contains forward-looking statements that involve risks and uncertainties. The forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include statements about future net revenues, profits, and financial results, the market for TriZetto's services, future service offerings, client and partner relationships, and TriZetto's operational capabilities. Actual results may differ materially from those stated in any forward-looking statements based on a number of factors, including the effectiveness of TriZetto's implementation of its business plan, the market's acceptance of TriZetto's services, risks associated with management of growth, reliance on third parties to supply key components of TriZetto's services, attraction and retention of employees, variability of quarterly operating results, competitive factors, risks associated with acquisitions, changes in demand for third party products or solutions, which form the basis of TriZetto's service offerings, financial stability of our customers, changes in government laws and regulations and risks associated with rapidly changing technology, as well as the other risks identified in TriZetto's Form 10-K and other SEC filings.
CONTACTS:
The TriZetto Group, Inc.
Anna Marie Dunlap (Investor Relations)
949-719-2236
am.dunlap@trizetto.com
The TriZetto Group, Inc.
David Scott (Media Relations)
303-495-7197
david.scott@trizetto.com
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