Jack Wadsworth Joins Pixar Board of Directors

Mr. Wadsworth is an advisory director for Morgan Stanley globally, having spent nearly two decades overseeing the firm’s policy and business strategies throughout Asia and Australia. After joining Morgan Stanley in 1978, Mr. Wadsworth had numerous responsibilities in the U.S. Investment Banking Division, including serving on the Investment Banking Operating Committee, Chairman of the Firm Investment Account Committee, and Chairman of Morgan Stanley Ventures. While on the Investment Committee, Mr. Wadsworth distinguished himself by organizing Morgan Stanley’s first Leveraged Buyout Fund as well as initiating the Firm’s high-tech IPO business.

“Jack is a terrific addition to Pixar’s Board and we are very lucky to have him,” said Steve Jobs, Pixar Animation Studios’ CEO. “Jack has nearly 40 years of experience in domestic and international finance, which Pixar can now draw upon as our studio grows to its next level during the coming years.”

“Pixar has established a phenomenal record of success in a most challenging industry,” said Mr. Wadsworth. “Steve has assembled an extraordinary management team and board. I am excited to have the opportunity to play a role in their future.”

Mr. Wadsworth is an honorary Chairman of Morgan Stanley Asia Ltd., a trustee and vice chairman of the Asia Society, a Trustee of Williams College and a member of the Board of the Guggenheim Museum of New York. Born in Fort Thomas, Kentucky, Mr. Wadsworth earned a B.A. from Williams College in 1961 and a M.B.A. from the University of Chicago Graduate School of Business in 1963. Mr. Wadsworth has three grown children and lives in San Francisco with his wife.

Mr. Wadsworth joins Pixar’s current directors: Skip Brittenham, partner in Ziffren, Brittenham, Branca & Fischer; Ed Catmull, President of Pixar Animation Studios; Joseph Graziano, former executive vice president and chief financial officer of Sun Microsystems; Steve Jobs, CEO of Pixar and Apple Computer; Lawrence B. Levy, former executive vice president and chief financial officer of Pixar; Joe Roth, founder, Revolution Studios and former Chairman of the Walt Disney Studios; and Larry Sonsini, chairman and chief executive officer, Wilson Sonsini Goodrich & Rosati.

About Pixar Animation Studios

Pixar Animation Studios (Nasdaq: PIXR, http://www.pixar.com) combines creative and technical artistry to create original stories in the medium of computer animation. Pixar has created four of the most successful and beloved animated films of all time: Academy Award®-winning Toy Story (1995); A Bug’s Life (1998); Golden Globe-winner Toy Story 2 (1999); and the Academy Award®-winning Monsters, Inc. (2001). Pixar’s four films have earned more than $1.7 billion at the worldwide box office to date. The Northern California studios’ next three film releases are Finding Nemo (summer 2003), The Incredibles (holiday 2004) and Cars (holiday 2005). Pixar Animation Studios films are released by Walt Disney Pictures.