THE WHITE HOUSE
Office of the Press Secretary
PRESIDENT CLINTON NAMES MELVIN E. CLARK, JR., AS A MEMBER OF THE BOARD OF GOVERNORS FOR THE OVERSEAS PRIVATE INVESTMENT CORPORATION
President Clinton today announced his intent to nominate Melvin E. Clark, Jr., as a member of the Board of Governors for the Overseas Private Investment Corporation.
Mr. Melvin E. Clark, Jr., of Washington, D.C., is currently an interim board member of the Overseas Private Investment Corporation. Mr. Clark is President and Chief Executive Officer of Metroplex, the largest minority railroad construction contractor in the nation. He previously served as associate attorney with Klett, Lieber, Rooney & Schorling, a Pennsylvania law firm. Mr. Clark served four years as an attorney in the Tax Division of the United States Department of Justice. He was appointed by President Clinton as a Director of the Pennsylvania Avenue Development Corporation. Mr. Clark is currently a member of the National Advisory Council of the Small Business Administration and the Washington-Baltimore Chapter of the Young President's Organization, Inc. He was also appointed by President Clinton to be a member of the Board of Governors of the United States Organization, Inc. (USO).
Mr. Clark holds a degree in accounting from Pennsylvania State University, a law degree from Northwestern University School of Law, and a Masters degree from the Northwestern University Graduate School of Management.
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. Organized as a corporation and structured to be responsive to private business, OPIC's mandate is to mobilize and facilitate the participation of U.S. private capital and skills in the economic and social development of less developed friendly countries and emerging economies.