Nomination of David S. Ruder To Be a Member of the Securities and Exchange Commission, and Designation as Chairman

The President today announced his intention to nominate David S. Ruder to be a member of the Securities and Exchange Commission and to designate him as its Chairman.

Mr. Ruder is currently professor of law at Northwestern University School of Law in Chicago, IL. From 1977 to 1985, he was dean of the Northwestern University School of Law. He joined the faculty in 1961. From 1971 to 1976, Mr. Ruder was counsel to the Chicago law firm of Schiff, Hardin & Waite; and from 1957 to 1961, he was an associate with the law firm of Quarles & Brady, Milwaukee, WI.

Mr. Ruder graduated from Williams College (B.A., 1951) and the University of Wisconsin (J.D., 1957), where he was editor-in-chief of the Wisconsin Law Review. He was born May 25, 1929, in Wausau, WI. He is married, has six children, and resides in Highland Park, IL.