Securities Investor Protection Corporation Nomination of Adolph P. Schuman To Be a Director.

The President today announced that he will nominate Adolph P. Schuman, of San Francisco, Calif., to be a Director of the Securities Investor Protection Corporation. Schuman will be nominated for the term expiring December 31, 1978, and for reappointment for a term expiring December 31, 1981. He will be designated Vice Chairman of the Corporation.

Schuman was born November 22, 1911, in San Francisco. He studied business administration and economics. He served in the U.S. Coast Guard Reserve from 1940 to 1944.

Schuman is president of Lilli Ann Corp., a women's apparel firm. He is chairman of the California World Trade Authorities Coordinating Council, a director of the Commission for National Trade Policy, and a member of the national and California regional Export Expansion Councils of the Commerce Department.