Appointment of Eugene B. Burroughs as a Member of the Advisory Committee to the Pension Benefit Guaranty Corporation

The President today announced his intention to appoint Eugene B. Burroughs to be a member of the Advisory Committee to the Pension Benefit Guaranty Corporation for a term expiring February 19, 1988. He would succeed Joseph Lydon.

Mr. Burroughs is currently director of the investment department of the International Brotherhood of Teamsters in Washington, DC. Previously he was chief accountant for the International Brotherhood of Teamsters (1963-1969). He was appointed by President Ford as a member of the Advisory Committee to the Pension Benefit Guaranty Corporation and served as chairman of the Investment Policy Panel. He is past president of the Washington Society of Investments Analysts and is general chairman of the 1985 annual conference of the Financial Analysts Federation. He is a member of the board of directors of the Financial Analysts Federation and Potomac Asset Management Co. in Washington, DC.

Mr. Burroughs graduated from Benjamin Franklin University (B.S., 1955). He is married, has two children, and resides in McLean, VA. He was born August 22, 1931, in Washington, DC.