Nomination of Wilson E. Schmidt To Be United States Executive Director of the International Bank for Reconstruction and Development

The President today announced his intention to nominate Wilson E. Schmidt to be United States Executive Director of the International Bank for Reconstruction and Development.

Since 1966 Dr. Schmidt has been professor of economics, Virginia Polytechnic Institute, and was head of the department of economics in 1966-77. He was Deputy Assistant Secretary of the Treasury in 1970-72. In 1963-65 he was visiting professor of economics, Johns Hopkins Bologna Center, Italy. He was also visiting professor of economics, School of Advanced International Studies, Johns Hopkins University, in 1960. In 1950-67 he was instructor to professor, Economics Department, George Washington University. He has served intermittently as consultant to the Agency for International Development.

Dr. Schmidt graduated from the University of Maryland (B.S., 1947), the University of Pittsburgh (M.A., 1948), and the University of Virginia (Ph.D., 1952). He is married, has three children, and resides in Blacksburg, Va. He was born March 22, 1927, in Madison, Wis.