Appointment of Frank G. Zarb as a Member of the Advisory Committee on Federal Pay

The President today announced his intention to appoint Frank G. Zarb to be a member of the Advisory Committee on Federal Pay for a term expiring January 20, 1988. He would succeed Roy L. Ash.

Mr. Zarb is currently a general partner at Lazard Freres & Co., where he supervises a broad range of international investment banking activities. Previously, he held senior management posts at a New York-based investment banking organization, now named Shearson Loeb Rhoades. Mr. Zarb was Administrator, Federal Energy Administration, and Assistant to the President for Energy Affairs in 1974-77. He was Associate Director of the Office of Management and Budget in 1973-74 and Assistant Secretary of Labor in 1971-72.

Mr. Zarb is married, has two children, and resides in Port Washington, N.Y. He was born February 17, 1935, in New York City.