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Office of the Press Secretary

For Immediate Release April 4, 1995

The President today announced his intention to appoint William Podlich as Chairman, and Loretta Armenta, Glenn Biggs, Linda Griego, Dionicio Morales and Penny Pritzker as Members of the Community Adjustment and Investment Program Advisory Committee for the North American Development Bank.

Mr. Podlich of Irvine, California is the Managing Director of Pacific Investment Management Company. He also serves as Chairman of the Trustee and Finance Committee for the University of California at Irvine Foundation. He is a member of the Board of Visitors at the Peter F. Drucker Management Center, Claremont Graduate School and is a Member of the Board of Governors for the California Community Foundation and the Investment Counsel Association of America.

Ms. Armenta of Albuquerque, New Mexico presently serves as Director of Special Projects for the Cultural Office of the Albuquerque Hispano Chamber of Commerce. She has also served as the President of the Board and Chair of the International Trade Committee at the Chamber. She is a member of the Albuquerque Development Commission, former Chair of the New Mexico Commission on the Status of Women and a former national board member of the Association for the Care of Children's Health.

Mr. Biggs of San Antonio, Texas is the former Chairman of the First National Bank of San Antonio and is the Chairman of the San Antonio Gas and Electric Utility. He has served as Chairman of the Board and CEO of Texas TGV Corporation and is former Chairman of the Board of Regents of Baylor University.

Ms. Griego of Los Angeles, California is the President and Chief Executive Officer of Rebuild LA. She previously served as Deputy Mayor of Los Angeles for Economic Development. Ms. Griego also serves on the boards of First Interstate Bank of California, the Los Angeles Chamber of Commerce, the Los Angeles Convention and Visitors Bureau, Scripps College and as a Trustee of the Robert Wood Johnson Foundation.

Mr. Morales of Pico Rivera, California is the President of the Mexican American Opportunity Foundation, an East Los Angeles United Way organization. He previously served as a California State Apprenticeship Commissioner and as a member of the National Advisory Committee for the U.S. Department of Labor.

Ms. Pritzker of Chicago, Illinois is the President of Classic Residence by Hyatt, the senior living affiliate of the Hyatt Corporation as well as President of the Penguin Group. She is the former Chairman of the Board of Directors of Superior Bank and is a member of the board of directors of the Coast to Coast Financial Corporation.

The members of the Community Adjustment and Investment Program Advisory Committee will provide advice to the President regarding the implementation of the Community Adjustment and Investment Program that was established as a part of the North American Free Trade Agreement (NAFTA). Such guidance will include guidelines to be established for loans and loan guarantees, needs for adjustment assistance, and investment in support of the goals and objectives of the NAFTA.