The President declared his intention today to nominate Jim Jones, the CEO of the American Stock Exchange and former House Budget Committee chairman, to the position of Ambassador to Mexico.
"A great deal of our economic future," said the President, "is bound up in our relationships in this hemisphere, particularly our relationship with Mexico. That is why I have chosen an Ambassador who is seasoned by years of economic leadership in both the private and public sectors. Jim Jones brings a unique perspective and uncommon talents to the continuing dialog with our Mexican neighbors."
NOTE: A biography of the nominee was made available by the Office of the Press Secretary.
William J. Clinton, Nomination for Ambassador to Mexico Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/220096