THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release June 11, 1996

PRESIDENT CLINTON NAMES STUART E. EIZENSTAT TO BE MEMBER OF OVERSEAS PRIVATE INVESTMENT CORPORATION (OPIC)

President Clinton today announced the appointment of Stuart E. Eizenstat of Chevy Chase, Maryland, to become a member of the Overseas Private Investment Corporation (OPIC) Board of Directors. Ambassador Eizenstat currently serves the Administration as Under Secretary of Commerce for International Trade.

From 1993 to 1996, Ambassador Eizenstat served as U.S. Representative to the European Communities. Prior to joining the Clinton Administration, he was Vice Chairman of the Washington office of Powell, Goldstein, Frazer & Murphy. His extensive experience in government includes policy positions in the Johnson Administration (1967-1968) and in the Carter Administration where he served as Chief Domestic Policy Advisor and Director of the White House Domestic Policy Staff (1977-1981). He was previously a guest scholar at the Brookings Institution and taught on the faculty of the John F. Kennedy School of Government for 10 years. Ambassador Eizenstat has written extensively on a variety of public policy and international, economic and political issues for leading publications. He has won a number of awards for his government, civic and religious activities.

While in his European Union post, Ambassador Eizenstat participated in a variety of trade issues, including the Uruguay Round negotiations and the new U.S.-Euratom Agreement. He also played a key role in conceptualizing and developing the New Transatlantic Agenda and the U.S.-European Union Action Agenda announced by President Clinton in December at the U.S.-European Union Summit. Ambassador Eizenstat will remain as the State Department's Special Envoy for Restitution of Property in Central and Eastern Europe. In this capacity, he will continue to work with senior officials in Central European and Baltic countries to pursue the restitution of Jewish property and property of U.S. citizens confiscated during the Nazi and Communist eras. A native of Atlanta, Georgia, Ambassador Eizenstat is a Phi Beta Kappa and honors graduate of the University of North Carolina, Chapel Hill and Harvard Law School, where he was elected to the Harvard Law School Association. He and his wife Frances Eizenstat are the parents of two sons, Jay and Brian.

OPIC is a self-sustaining federal agency whose purpose is to promote economic growth in developing countries by encouraging U.S. private investment in those nations.

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