Nomination of Hugh W. Foster To Be Alternate United States Executive Director of the International Bank for Reconstruction and Development

The President today announced his intention to nominate Hugh W. Foster to be United States Alternate Executive Director of the International Bank for Reconstruction and Development for a term of 2 years. He would succeed George R. Hoguet.

Since 1982 Mr. Foster has served as United States Alternate Executive Director of the International Bank for Reconstruction and Development. He is currently on leave of absence from the Wells Fargo Bank in San Francisco, Calif., where he last served as vice president and area manager of the bank's Asia Pacific division. Previously he served as vice president and area manager in Mexico City in 1977-1980; vice president and area manager, China Sea area, in 1975-1977; and assistant vice president and area manager, Australasia area, in 1974-1975. He has held other positions with Wells Fargo Bank since 1969.

Mr. Foster graduated from Colgate University (A.B., 1965) and Stanford University Graduate School of Business (M.B.A., 1969). He is married, has five children, and resides in Washington, D.C. He was born December 13, 1943, in Baltimore, Md.