FOR IMMEDIATE RELEASE October 10, 2001 CONTACT: Lisa Lacher, (515) 271-3119 WELLS FARGO EXECUTIVE TO SPEAK AT ANNUAL FEI-DRAKE LECTURE H. Lynn Horak, chairman and chief executive officer of Wells Fargo Bank Iowa, N.A., will be the keynote speaker at the annual Financial Executives International - Drake Lecture on Thursday, Oct. 18. The title of his lecture is "The Keys to Success in a Commodity World." The lecture, which is free and open to the public, will start at 7:15 p.m. in Parents Hall at Olmsted Center, 29th Street and University Avenue. Horak joined the Norwest Bank Iowa organization in 1972 as a management trainee. He has held many positions within the bank, including correspondent banking officer and group vice president of investments and administrative services. In 1981 he was named executive vice president and chief financial officer and in 1983 he became banking division head. Horak was promoted to president and chief operating officer in 1986 and was elected to the bank's board of directors. In 1991 Horak assumed his current position of chairman and CEO. In 1999, Norwest became Wells Fargo Bank Iowa, N.A. It is the state's largest banking organization with more than $6 billion in assets. The FEI - Drake Lecture is an annual event co-hosted and sponsored by the Iowa Chapter of the Financial Executives International and Drake University's School of Accounting and Business Law, which is part of the College of Business and Public Administration. FEI is a professional association of more than 14,000 senior financial executives from 91 chapters and some 8,000 major companies throughout the United States and Canada, is the leading advocate for corporate financial management. The institute's research arm, Financial Executives Research Foundation, conducts and publishes authoritative studies in the field of financial management. The Iowa Chapter of FEI has nearly 100 active members representing 66 major companies in Iowa. The chapter is ranked nationally for its program quality. Members meet monthly, September through May, to participate in a wide array of discussions and evaluations of topics of current interest. Membership is open to those executives of major companies who are responsible for the financial management activities of their respective employing company. Minimum size criteria must be met by each member's employing company. For more information about the FEI - Drake Lecture, call Harry Wolk, professor emeritus of accounting at Drake, at (515) 271-2813 or (515) 276-3239.