Nomination of James B. Burnham To Be United States Executive Director of the International Bank for Reconstruction and Development

The President today announced his intention to nominate James B. Burnham to be the United States Executive Director of the International Bank for Reconstruction and Development for a term of 2 years. He would succeed Colbert I. King.

Dr. Burnham is currently special assistant to the Chairman and Staff Director of the President's Council of Economic Advisers. Prior to assuming his current position in February 1981, he was vice president, chairman of the country review committee, and head of the office of government affairs of Mellon Bank, N.A., Pittsburgh. Before joining Mellon Bank in 1971, he served as economist and special assistant at the Board of Governors of the Federal Reserve System.

Dr. Burnham has also been on the faculty of the University of Pittsburgh as an adjunct associate professor of business. He was president of the Economic Club of Pittsburgh in 1975-1976. He is a member of the American Economic Association and the National Association of Business Economists.

Dr. Burnham graduated from Princeton University (A.B., 1961) and Washington University in St. Louis (Ph.D., 1970). He was a Fulbright Scholar in Brazil at the University of Sao Paulo. He is married, has four children, and resides in Washington, D.C. He was born in New York City on October 22, 1939, and is the son of James Burnham, Sr., editor of the National Review.