Nomination of Fred M. Zeder II To Be President of the Overseas Private Investment Corporation

The President today announced his intention to nominate Fred M. Zeder II to be President of the Overseas Private Investment Corporation, U.S. International Development Cooperation Agency. He would succeed Craig A. Nalen.

From 1987 to 1988, Mr. Zeder was senior adviser for President Bush's transition office. He served on the committee on special projects and surrogate speakers panel for the Bush-Quayle '88 campaign and on the finance committee of the George Bush for President campaign. Prior to this he was President Reagan's personal representative for Micronesian status negotiations serving with the rank of Ambassador, 1982 - 1987. He has also served as Director of Territorial Affairs at the Department of the Interior, 1975 - 1977.

Mr. Zeder attended the University of Michigan and the University of California at Los Angeles. He served in the U.S. Army Air Force, 1941 - 1946, and Air Force Reserve, 1946 - 1950. He is married, has 5 children and 10 grandchildren.