Nomination of Nicolas Miklos Salgo for the Rank of Ambassador While Serving as Special Negotiator for Property Issues

The President today announced his intention to nominate Nicolas Miklos Salgo for the rank of Ambassador in his capacity as the Special Negotiator for Property Issues.

Currently, Dr. Salgo serves as the Director of the Moscow Embassy Building Control Office at the Department of State in Washington, DC. Prior to this, he served as chief of the U.S. team for property negotiations with the German Democratic Republic, 1987 - 1988, and as Ambassador to Hungary, 1983 - 1986. He served as a member of the International Private Enterprise Task Force, 1983; consultant to the U.S. Information Agency, 1982 - 1983; and as chairman of the Watergate Companies in Washington, DC, 1977 - 1983. In addition, he was co-owner and president of the ZX ranch in Paisley, OR, 1966 - 1980; founder and limited partner of Watergate Improvement Associates in Washington, DC, 1960 - 1977; vice chairman and chairman of Bangor Punta Corp. and Subsidiaries in Greenwich, CT, 1960 - 1974; and founder and owner of Nicolas Salgo and Co. in New York, 1959 - 1983. Dr. Salgo has also served as president and chief executive officer of the Norbute Corp. in Butte, MT, 1954 - 1960, and executive vice president of Webb and Knapp, Inc., in New York, 1950 - 1957.

Dr. Salgo graduated from the University of Budapest (LL.D. and Ph.D., 1937). Dr. Salgo was born August 17, 1914, in Budapest, Hungary. He is married, has two children, and resides in Washington, DC.