Appointment of Four Members of the Advisory Committee to the Pension Benefit Guaranty Corporation, and Designation of Chairman

The President today announced his intention to appoint the following individuals to be members of the Advisory Committee to the Pension Benefit Guaranty Corporation for terms expiring February 19, 1984. The President intends to designate Roger F. Martin, who has been serving as a member since August 10, 1982, as Chairman.

Joseph Geronimo would succeed Charles Christopher Tharp. He currently serves as vice president, pension products division, employee benefit program, at the Bankers Trust Co. Previously he was with the Chase Manhattan Bank, N.A. (1972-1981). Mr. Geronimo graduated from Villanova University (B.A., 1972). He is married, has one child, and resides in Maplewood, N.J. He was born June 23, 1950, in Jersey City, N.J.

Murray P. Hayutin would succeed Deene Goodlaw Solomon. He has been with the insurance firm of Reichart-Silversmith, Inc., since 1970, first as vice president (1970-1981) and currently as president. Mr. Hayutin graduated from the University of Pennsylvania, Wharton School (B.S., 1959), and the University of Denver (M.B.A., 1963). He is married, has two children, and resides in Littleton, Colo. He was born October 17, 1937, in Denver, Colo.

John F. Hotchkis would succeed Robert Tilove. He is currently a general partner in the investment firm of Hotchkis and Wiley, which he cofounded in 1980. Previously he was an officer, portfolio manager, and director of Everett Harris & Co. (1975-1980); an officer and director of Trust Company of the West (1971-1974); and a general partner and a vice president of Dean Witter & Co. (1951-1971). Mr. Hotchkis graduated from the University of California at Berkeley (A.B, 1954) and UCLA (M.B.A., 1958). He is married, has four children, and resides in Pasadena, Calif. He was born August 3, 1931, in Los Angeles, Calif.

Ralph J. Wood, Jr., has been a personal producing agent in insurance since 1950. In 1959 he established Garwood, Inc., a pension service organization that operates and serves some 150 pension plans in the Chicago area. He is a member of the Illinois Association of Life Underwriters and the Chartered Life Underwriters Million Dollar Roundtable. He graduated from the University of Chicago (B.S., 1948). He is married, has five children, and resides in Flossmoor, Ill. He was born December 27, 1923, in Chicago, Ill. This is a reappointment.