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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release September 9, 1993

PRESIDENT NAMES FOUR TO OPIC BOARD

President Clinton named his choices today for four positions on the Board of Directors of the Overseas Private Investment Corporation, announcing that he has nominated Gordon Giffin to serve on that board, and that he intends to nominate John Chrystal, George J. Kourpias, and Lottie Shackelford.

"These nominations will strengthen this important foreign assistance agency," said the President. "I look to these four individuals to provide leadership in helping American businesses compete more effectively overseas."

Gordon Giffen is a leading regulatory lawyer. Currently a partner with Long, Aldridge & Norman in Atlanta, Giffin previously served as Legislative Director and Chief Counsel to Senator Sam Nunn.

John Chrystal is an international banker. An Iowa native with a distinguished career and banking and farming, he is Chairman of Iowa Savings Bank. For more than 30 years, Chrystal has worked to improve trade between the U.S. and the former Soviet Union.

George Kourpias is the President of the International Association of Machinists and Aerospace Workers (IAM). Elected to the Executive Council of the AFL-CIO, Kourpias serves on the Economic Policy and Public Relations Committees and is chairman of the Older and Retired Workers Committee.

Lottie Shackelford has more than 20 years experience in local, state, and national politics. Currently vice chair of the Democratic National Committee, Shackelford was the former Mayor of Little Rock, Arkansas. During her tenure in local government, she directed liaison activities for minority businesses and held several leadership positions in the National League of Cities.

OPIC, a self-sustaining U.S. government agency, provides loans, political risk insurance and other investor services to foster U.S. private sector investment in developing counties and emerging economies around the world. OPIC's President is Ruth Harkin, who was nominated by President Clinton.

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