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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release March 24, 1999

PRESIDENT CLINTON NAMES CRESENCIO S. ARCOS AND STEPHEN FRIEDMAN AS MEMBERS OF THE PRESIDENT'S FOREIGN INTELLIGENCE ADVISORY BOARD

The President today announced his intent to appoint Cresencio S. Arcos and Stephen Friedman to serve as Members of the President's Foreign Intelligence Advisory Board.

Ambassador Cresencio S. Arcos, of Coral Gables, Florida, is Vice President of AT&T Latin America. A former career Foreign Service Officer, Ambassador Arcos served in a number of key diplomatic posts and positions, including Ambassador to Honduras; Senior Deputy Assistant Secretary of State for International Narcotics and Crime; and Deputy Assistant Secretary of State for Central America. He also served in the White House Office for Communications and Planning. He is a member of the Council on Foreign Relations and the Hispanic Council on International Relations, and is on the board of directors of both the Caribbean-Latin American Action and the Council of the Americas. A native of San Antonio, Texas, Ambassador Arcos earned his B.A. degree from the University of Texas, Austin and his M.A. from Johns Hopkins University (SAIS).

Mr. Stephen Friedman, of New York, New York, was for many years a General Partner of Goldman, Sachs & Co., and retired as its Chairman in 1994. He is currently Chairman of the Board of Trustees of Columbia University, Chairman of the Executive Committee of The Brookings Institution, and a member of the Executive Committee of the Memorial Sloan-Kettering Cancer Center in New York. He is a Director of WalMart Stores, Inc. and Fannie Mae. Mr. Friedman served as a member of the Commission on the Roles and Capabilities of the U. S. Intelligence Community and on the Jeremiah Panel, which reviewed the Defense Department's National Reconnaissance Office. He currently is a Senior Principal of Marsh & McLennan Capital, Inc.

The President's Foreign Intelligence Advisory Board (PFIAB) is responsible for assessing the quality, quantity and adequacy of intelligence collection, analysis and estimates, counterintelligence and other related activities. The PFIAB has the authority to review, on behalf of the President, the performance of all U.S. Government agencies engaged in the collection, analysis, production of foreign intelligence, or the execution of foreign intelligence policy.

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