THE WHITE HOUSE
Office of the Press Secretary (College Station, Texas) ________________________________________________________________________ For Immediate Release November 6, 1997
PRESIDENT CLINTON NAMES EDWARD A. POWELL, JR. AS ASSISTANT SECRETARY FOR MANAGEMENT AT THE DEPARTMENT OF VETERANS' AFFAIRS
President Clinton today announced his intent to nominate Edward A. Powell, Jr. as Assistant Secretary for Management at the Department of Veterans' Affairs.
Mr. Powell, of Virginia Beach, Virginia, is a Navy veteran who served on active duty with the Defense Intelligence Agency. Mr. Powell has broad business experience in finance, investment banking, strategic marketing, and management. Since 1989, he has owned and supervised Mechanism Design, Inc., a precision machine parts manufacturing firm. Previously, he was First Vice President of Investment Banking for Sovran Bank (now NationsBank), where he held a Series 7 Securities and Exchange Commission broker's license. Mr. Powell is also a former professor of business ethics and policy at the University of Richmond as well as a business planning consultant to various companies. Mr. Powell earned a B.A. in Economics from Washington & Lee University and an M.B.A. from the University of North Carolina at Chapel Hill.
The Assistant Secretary for Management serves as Veterans' Affairs' Chief Financial and Information Resources Officer and Senior Procurement Executive. The Assistant Secretary is the principal advisor to the Secretary of Veterans' Affairs on matters related to financial management, budget formulation, resource planning, performance measurement, and acquisition and material management.