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The Tech Museum of Innovation Selects Frank P. Quattrone as New Chairman

Press Release Date 
Wednesday, 16 May, 2007
The Tech Museum of Innovation, one of the nation's premier science and technology museums, today announced the selection of Frank P. Quattrone as Chairman of the Board. Quattrone, who has dedicated over two decades to advising and raising growth capital for global technology companies, succeeds Michael L. Hackworth who is stepping down as Chairman after two terms. Quattrone assumes his new position immediately. "Frank has been a respected and dedicated member of The Tech's board for over ten years, and has made significant contributions of his time, network and financial resources to help create this world-class educational resource," said Hackworth of his successor. "He brings with him to this post not only his incredible leadership skills and business acumen, but a deep understanding of the institution and its current and future potential." Frank Quattrone has 23 years of investment banking experience, including 17 years with Morgan Stanley, where he was an early member of the firm's Technology Group, helping to build it from a virtual start-up in 1982 to the firm's largest industry group in 1995. In 1996, he co-founded DMG Technology Group, a technology-focused investment banking business for Deutsche Bank. As CEO, Quattrone led DMG Technology Group from a startup to a $200 million business in two years. He joined Credit Suisse First Boston in 1998 as Head of its Global Technology Group, which helped the firm generate over $5 billion in revenues from the Technology sector in less than five years. During his career, Quattrone has advised on the IPOs of such industry-leading companies as Amazon.com, Ascend Communications, Cisco, Intuit, Handspring, Linear Technology, Netscape, ST Microelectronics, Synopsys, SynOptics, TiVo and Xilinx, and has advised on financings and/or mergers for global leaders such as Accenture, Adobe, AOL, Apple, Agilent, Applied Materials, Cypress, KLA, HP, Intel, Oracle, Verisign and Veritas. In addition to his board appointment with The Tech, Quattrone is a Trustee of Castilleja School, an emeritus member of the Advisory Council of Stanford Graduate School of Business, and serves on the Advisory Board of The Northern California Innocence Project, a free legal clinic at Santa Clara University Law School. "One of my life's great joys has been to serve on The Tech's board as it has transitioned from 'garage' start-up to a world-class facility, and from a local museum to a global educational institution," said Quattrone. "The Tech has awesome potential to inspire innovation and excite young people about the technologies that will shape our future and benefit humanity for generations. I consider it a great honor and enormous challenge to follow in the footsteps of past Chairs like John Warnock, Ned Barnholt and Mike Hackworth, whose leadership and inspiration launched The Tech to success and helped steer it through economic challenges." Quattrone said his top priorities are to help The Tech recruit additional world-class board members from new sectors of the technology community, reinvigorate The Tech's business model, and make The Tech increasingly relevant to the future of technology education. "We are proud to have some of the technology community's most prominent members serving on our Board," said Peter Friess, president of The Tech. "Mike Hackworth has been a strong and committed leader, generous not only with his expertise and time, but in his own personal monetary contributions, including leading a new wave of second generation technology donors in support of The Tech and its exhibitions and programs. In Frank Quattrone, we are fortunate to have a leader of equal passion and commitment to making The Tech a global resource for science and technology education." About The Tech Museum of Innovation: The Tech Museum of Innovation is a hands-on technology and science museum for people of all ages and backgrounds. Located in San Jose, California - the Capital of Silicon Valley - its mission, as a public-benefit corporation, is to inspire the innovator in everyone. Through hands-on exhibits, educational programs, the annual Tech Challenge team competition for youth, and the internationally recognized Tech Museum Awards, presented by Applied Materials, Inc., The Tech Museum of Innovation honors the past, celebrates the present, and encourages the development of innovative ideas for a more promising future. For more information about The Tech Museum of Innovation, visit www.thetech.org.