The Potomac KnowledgeWay Project announced today the addition of Peter F. Nostrand, president, Greater Washington Region of Crestar Bank, to its Board of Directors. This brings the total number of board members to 16.

The Potomac KnowledgeWay Project is a Greater Washington collaborative effort focused on fostering the growth of new and existing companies in the knowledge industries; producing, recruiting and retaining a skilled work force capable of competing in a global, information-driven economy; and connecting our community at all levels to the opportunities in the "Digital Age."

"Embracing the communications revolution will benefit every sector of our economy," said Mario Morino, chairman of the Potomac KnowledgeWay Project. "Our success in making the most of this transition to a digital economy depends on the commitment of regional leaders like Peter."

"The Potomac KnowledgeWay is helping Greater Washington take advantage of the enormous potential in our knowledge and information technology industries for the benefit of the entire region, and Crestar is proud to play a role in that effort," said Nostrand. "As the goals of the Potomac KnowledgeWay are achieved, we will contribute to the vitality of all sectors of the economy and the community-at-large."

Nostrand joined Crestar Bank in 1973 and served in a succession of increasingly responsible positions. He was named to his current post in 1995. He is a member of the board of directors and the executive committee of The Greater Washington Board of Trade. He also serves on the board of the Federal City Council, the Greater Washington Initiative, the Greater Washington Research Center, the Local Initiative Support Coalition and the Washington Airports Task Force.

He holds a B.A. from Amherst College, an M. Ed. from the University of Virginia, and degrees from the National Commercial Lending Graduate School at the University of Oklahoma and the Stonier Graduate School of Banking.

The Potomac KnowledgeWay Project is a nonprofit organization dedicated to establishing Greater Washington as the global center of knowledge industries of the 21st century by seizing the economic, educational and social opportunities of the communications revolution.

Visit the Potomac KnowledgeWay Project's Web site at http://knowledgeway.org.