THE WHITE HOUSE

Office of the Press Secretary

PRESIDENT CLINTON NAMES SHERYL R. MARSHALL AND THOMAS A. FINK AS MEMBERS

OF THE FEDERAL RETIREMENT THRIFT INVESTMENT BOARD

The President today announced his intent to nominate Sheryl R. Marshall and Thomas A. Fink to serve as members of the Federal Retirement Thrift Investment Board.

Sheryl R. Marshall, of Boston, Massachusetts, currently serves as a member of the Federal Retirement Thrift Investment Board. In addition, she works as a managing director of Axxon Capital, Inc., a venture capital firm that she co-founded to invest in women and minority-owned high-tech start-up companies. Ms. Marshall also serves on the Board of the Thrift Fund of Massachusetts where she chairs the Investment Committee. Previously, she was with the investment firms of Donaldson, Lufkin and Jenrette; Solomon Smith Barney, Drexel Burnham Lambert; and Merrill Lynch. In addition, Ms. Marshall has received the Abigail Adams Award from the Massachusetts Women's Political Caucus. Ms. Marshall received a BA degree from Emerson College and an MBA degree from Simmons College.

Thomas A. Fink, of Anchorage, Alaska, has served on the Federal Retirement Thrift Investment Board since March 1996. He is a former Mayor of Anchorage, Alaska, and served in the Alaska State House of Representatives for nine years. Mr. Fink is co-owner of Stirrer-Fink Agency, an insurance and real estate investment firm. Previously, he was president of the Alaska Jaycees. Mr. Fink received a B.A. degree from Bradley University and a JD degree from the University of Illinois.

The Federal Retirement Thrift Investment Board is responsible for managing the Thrift Savings Fund, a special tax-deferred savings fund established by the Federal Employees' Retirement System Act of 1986. Program administration for the Thrift Savings Fund is financed from the Fund.

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