THE WHITE HOUSE
Office of the Press Secretary
PRESIDENT CLINTON NAMES ROBERT M. LYFORD AS A MEMBER OF THE BOARD OF
DIRECTORS FOR THE OVERSEAS PRIVATE INVESTMENT CORPORATION
President Clinton today announced the recess appointment of Robert M. Lyford to serve as a member of the Board of Directors for the Overseas Private Investment Corporation (OPIC). Mr. Lyford was nominated to the United States Senate on May 17, 2000.
Mr. Robert M. Lyford, of Little Rock, Arkansas, is currently Senior Vice President and General Counsel of the Arkansas Electric Cooperative Cooperation. Previously, Mr. Lyford served as Vice President for the Arkansas Electric Cooperative Cooperation. He has also served as Assistant Commissioner for Compliance and Chief Counsel for the Arkansas Insurance Department.
Mr. Lyford received his B.A. from Hendrix College, an M.A. from the University of Cambridge and a J.D. from Vanderbilt University School of Law.
The Overseas Private Investment Corporation (OPIC) assists U.S. investors in making profitable investments in developing countries. The Corporation accomplishes this mission by offering assistance in identifying investment opportunities, providing insurance to protect investments, and by offering loans and loan guarantees to help finance projects. The Board of Directors meets four to five times a year in order to oversee the Corporation's underwriting and lending policies. The Corporation participates in projects which total $7 billion annually and which have generated more than $24 billion in U.S. exports.