Appointment of Robert A.G. Monks as a Member of the Federal Retirement Thrift Investment Board

The President today announced his intention to appoint Robert A.G. Monks to be a member of the Federal Retirement Thrift Investment Board for a term of 1 year. This is a new position.

Since 1986 Mr. Monks has been president of Institutional Shareholder Services, Inc., in Washington, DC. Previously, he was Administrator for Pension and Welfare Benefit Programs at the U.S. Department of Labor, 1983-1985; a Director of the U.S. Synthetic Fuels Corporation, 1981-1983; chairman of the Boston Safe Deposit and Trust Co., 1975-1981; chairman of the finance committee of Sultetro of Canada, Ltd., 1973-1975; president, C.H. Strague & Sons, 1967-1972; vice president, Gardner Associates, 1965-1967; and a partner at the Boston law firm of Goodwin, Proctor & Hoar, 1958-1965.

Mr. Monks graduated from Harvard College (A.B., 1954) and Harvard Law School (LL.B., 1958). He is married, has two children, and resides in Washington, DC. Mr. Monks was born December 4, 1933, in Boston, MA.