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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release January 27, 2000

PRESIDENT CLINTON NAMES NANCY KILLEFER AS MEMBER OF INTERNAL REVENUE

SERVICE OVERSIGHT BOARD

President Clinton today announced his intention to nominate Nancy Killefer as a member of the Internal Revenue Service Oversight Board.

Ms. Nancy Killefer, of Washington, D.C., is currently a director at McKinsey & Co. in Washington, DC. She served as Assistant Secretary for Management and Chief Financial Officer of the Treasury Department from September 1997 though December 1999. As Assistant Secretary for Management and Chief Financial officer, Ms. Killefer reported to the Treasury Secretary on all matters involving the financial and internal management of the Treasury Department, the IRS, and all other bureaus. She was responsible for the Department's budget and oversaw all Treasury management, personnel, and procurement policies. Before joining the Treasury department, Ms. Killefer worked as a director of McKinsey & Co., specializing in developing market strategies and improving organizational effectiveness.

Ms. Killefer received a master's degree in science management in 1979 from the Massachusetts Institute of Technology, and a bachelor's in economics in 1975 from Vassar College.

The Internal Revenue Service Restructuring and Reform Act of 1998 creates an IRS Oversight Board. The Board is responsible for overseeing the IRS in its administration, management, conduct, direction, and supervision of the execution and application of the internal revenue laws or related statues and tax treaties.

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