Pixar Names Ann Mather CFO.

RICHMOND, Calif.--(BUSINESS WIRE)--Sept. 20, 1999--

Pixar Animation Studios (Nasdaq:PIXR) today announced that Ann Mather has joined the company as its Executive Vice President and Chief Financial Officer. Ms. Mather, 39, will report to Steve Jobs, Pixar's Chairman and CEO.

"Ann

Ms. Mather has more than 18 years of financial operations experience, including seven years with The Walt Disney Company, most recently as the Senior Vice President of Finance and Administration of its Buena Vista International Theatrical Division. In that position, she was responsible for all strategic planning, budgeting, forecasting and reporting for the division's European, Asian and Latin American operations. Ms. Mather has also held senior financial management positions at Paramount Pictures Corporation and Village Roadshow Pictures. She is a graduate of Cambridge University in England, and is a Chartered Public Accountant.

"I've always been a Pixar fan, and I'm delighted to be joining this very talented team," said Ms. Mather. "Pixar has an impressive track record and an efficient business model, and I look forward to helping lead the studio into its next phase of growth," she said.

Pixar Animation Studios combines creative and technical artistry to create original characters and stories in the new medium of computer animation. Pixar created and produced the first computer-animated feature film, the Academy Award winning Toy Story, and in 1997 entered into a partnership with The Walt Disney Company to finance, produce and distribute five computer-animated feature films and related products. A Bug's Life was the first of these films and was the highest grossing animated feature film released in 1998. Toy Story 2 is scheduled for release this Thanksgiving, and Pixar's fourth film, Monsters, Inc., is currently targeted for a 2001 release. Pixar's stock is traded on the Nasdaq Stock Market under the symbol PIXR.