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Domini Hires Two New Directors

Submitted by: Domini Social Investments

Categories: Corporate Governance

Posted: Mar 19, 2003 – 11:00 PM EST


Socially Responsible Investment Firm Welcomes Kyle J. Johnson as Director of Institutional Sales, Peter Salts as Director of Finance and Compliance

Mar. 19 /CSRwire/ - New York, NY - Amy Domini, founder and CEO of Domini Social Investments, announced today that the company has hired Kyle J. Johnson as Director of Institutional Sales and Peter Salts as Director of Finance and Compliance.

Kyle J. Johnson, Director of Institutional Sales

Before joining Domini, Kyle Johnson worked for over four years at KLD Research & Analytics,Inc., where he served as Chair of the Domini 400 Social Index(SM) Committee, responsible for the maintenance of the Index and determining the direction and consistency of its maintenance methodology. The Domini 400 Social Index serves as the basis for the Domini Social Equity Fund (NASDQ: DSEFX), the nation's oldest and largest socially and environmentally screened index fund. In addition to meeting basic financial criteria, companies are included in or excluded from the Index on the basis of their community relations, corporate governance, diversity, employee relations, the environment, human rights, and the quality or benefits of the product or service they offer.

"My colleagues and I at KLD have developed a rigorous process to maintain an index that meets the needs of the typical socially responsible investor," said Mr. Johnson. "I'm delighted to have the opportunity to talk to the public about how Domini is applying that index in real-world investing and advocacy, and about the vision of socially responsible investing that KLD and Domini share."

Mr. Johnson holds a master's degree in theological studies from Harvard Divinity School and a bachelor's degree in comparative religion from Harvard College.

Peter Salts, Director of Finance and Compliance

Peter Salts has over ten years' experience in the financial operations of mutual funds. Before joining Domini, he spent three years as the controller for mutual funds and as the fund board preparations officer for American Skandia Investment Services, serving more than 70 subadvised mutual and annuity funds in excess of $25 billion. During his tenure he developed a management reporting package that detailed the profitability of the firm's mutual fund product line. Prior to joining American Skandia, he worked for Goldman Sachs Asset Management for over five years, where he oversaw and managed
back-office financial operations for over 50 mutual funds.

"I am excited about being a member of the Domini team and am looking forward to meeting the challenges related to growing the business and the creation of new products," said Mr. Salts.

Mr. Salts holds a bachelor's degree in accounting and finance and a master's in business administration, both from Pace University.

About Domini Social Investments

Domini Social Investments manages more than $1.3 billion in assets for individual and institutional investors seeking to create positive change in society by integrating social and environmental criteria into their investment decisions. Its flagship fund, the Domini Social Equity Fund (NASDQ: DSEFX), was the first socially and environmentally screened index fund and is the nation's largest socially responsible index fund. The Fund seeks to include companies with positive records in community involvement, the environment, diversity and employee relations, and excludes companies deriving significant revenues from alcohol, tobacco, gambling, nuclear power, and weapons contracting. In addition to the Domini Social Equity Fund, the company also offers the Domini Social Bond Fund (NASDQ: DSBFX) and an FDIC-insured money market account (in partnership with ShoreBank), both of which focus on community economic development.

Additional information on Domini Social Investments is available on the firm's website, www.domini.com. Domini's seventh annual Proxy Voting Guidelines & Shareholder Activism booklet is also available free of charge by calling 1-800-225-3863.

The Domini Funds are subject to market risks and are not insured. You may lose money. Some of the Domini Social Bond Fund's community investments may be unrated and carry greater credit risks than its other investments. The Domini Social Bond Fund currently holds a large percentage of its portfolio in mortgage-backed securities. During periods of falling interest rates these securities may prepay the principal due, which may lower the Fund's return by causing it to reinvest at lower interest rates.

Please obtain a prospectus, which contains more information about fees and expenses, by calling 1-800-762-6814 or online at www.domini.com. Read it carefully before you invest or send money. The Domini Social Equity Fund is not affiliated with any bank and is not insured. DSIL Investment Services LLC (DSILD), Distributor. 3/03

For more information, please contact:

Kimberly Gladman Domini Social Investments
Phone: +1-212-217-1023


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