Nomination of Elaine L. Chao To Be a Commissioner of the Federal Maritime Commission, and Designation as Chairman

The President today announced his intention to nominate Elaine L. Chao to be a Federal Maritime Commissioner for the remainder of the term expiring June 30, 1991. She would succeed Edward V. Hickey, Jr. Upon confirmation, she will be designated Chairman.

Since 1986 Miss Chao has been Deputy Administrator of the Maritime Administration for the Department of Transportation in Washington, DC. Prior to this she was vice president for syndications of BankAmerica Capital Markets Group, 1984-1986. From 1983 to 1984, she was a White House fellow with the Office of Policy Development, and a senior lending officer in the European Banking Division for Citibank, N.A., 1979-1983.

Miss Chao graduated from Mount Holyoke College (A.B., 1975) and Harvard University Graduate School of Business Administration (M.B.A., 1979). She was born March 26, 1953, in Taipei, Taiwan, and currently resides in Washington, DC.