Nomination of L. Ebersole Gaines To Be Executive Vice President of the Overseas Private Investment Corporation

The President today announced his intention to nominate L. Ebersole Gaines to be Executive Vice President of the Overseas Private Investment Corporation, United States International Development Cooperation Agency, vice Dean R. Axtell, resigned.

Since 1972 Mr. Gaines has been self-employed. Previously he was executive vice president and director, Diversa-Graphics, Inc., New York and Chicago, in 1969-72; marketing manager, Nationwide Papers, U.S. Plywood-Champion Paper, Chicago and New York, in 1967-69; sales manager, central metal division, Continental Can Co., New York and Chicago, in 1960-67; district manager, Cincinnati district, Plax Corp., Hartford, Conn., in 1953-60; and with the American Arbitration Association in 1951-53.

Mr. Gaines served in the U.S. Navy in 1945-46. He graduated from Princeton University (A.B., 1951). He is married, has four children, and resides in Ketchum, Idaho. He was born April 21, 1927, in Charleston, W. Va.