Mr Cooper Group Inc fka COOP

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EDISON, N.J.--(BUSINESS WIRE)--May 10, 2001

Thomas Jacob to Continue as Chairman

J.P. Morgan Chase & Co. (NYSE:JPM) announced today that Stephen J. Rotella, 48, has been elected President and CEO of Chase Manhattan Mortgage Corporation (CMMC), a subsidiary of Chase Manhattan Bank USA, N.A. and a division of the Retail and Middle Market Financial Services business of J.P. Morgan Chase & Co. Thomas Jacob, 62, will continue in his current capacity as Chairman of the Board of CMMC. Mr. Rotella will report to David A. Coulter, Vice Chairman, J. P. Morgan Chase & Co. and head of Retail and Middle Market Financial Services.