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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release July 18, 1997

                        PRESIDENT CLINTON NOMINATES 
               FELIX G. ROHATYN AS U.S. AMBASSADOR TO FRANCE

President Clinton today announced his nomination of Felix G. Rohatyn as U.S. Ambassador to France.

Mr. Rohatyn of New York, New York, is internationally recognized as one of the preeminent experts in corporate mergers and acquisitions, public policy and business economics. He retired this year as a Managing Director of the New York investment banking house, Lazard Freres & Co. LLC, which he joined in 1948, becoming a partner in 1960. Mr. Rohatyn was also Chairman of the Municipal Assistance Corporation (MAC) for the City of New York from 1975-1993, and directed the negotiations that restructured the City's obligations during the fiscal crisis of the mid-1970's. He is a former Governor of the New York Stock Exchange.

He earned a B.A. in Physics from Middlebury College in Vermont in 1949, and has received honorary degrees from various universities. He is on the board of directors of Pfizer, Inc. and is a member of the Council on Foreign Relations and of the American Academy of Arts and Sciences. He is a Vice Chairman of Carnegie Hall and is on the boards of trustees of a number of other non-profit organizations. He was awarded the Legion of Honor by the French Government in 1983, and was promoted to the rank of Commander in 1995. He is married to Elizabeth Rohatyn, who is the Chairman of The New York Public Library.

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