Nomination of Charles G. Wells To Be a Member of the Board of Directors of the African Development Foundation

The President today announced his intention to nominate Charles G. Wells to be a member of the Board of Directors of the African Development Foundation for a term of 4 years. This is a new position.

Mr. Wells is currently president and chief executive officer for Sunbelt National Bank in Dallas, Tex. Previously he served as a personal financial consultant (1982-1983); president of the Union Bank of Chicago (1980-1982); vice president and regional manager of the Commercial Credit Co. (1976-1980); director of marketing administration (1975) and then director of human resources (1976) for the Commercial Credit Equipment Corp.; and senior associate with Hay Associates, a private consulting firm.

Mr. Wells graduated from Pace University (B.S., 1961; M.B.A., 1971). He is married, has two children, and resides in Olympia Fields, Ill. He was born August 25, 1936, in Abington, Pa.