Small Business Administration Nomination of A. Vernon Weaver, Jr., To Be Administrator.

The President today announced that he will nominate A. Vernon Weaver, Jr., of Little Rock, Ark., to be Administrator of the Small Business Administration. Weaver is president of the Union Life Insurance Co. in Little Rock.

He was born in Miami, Fla., on April 16, 1922. He attended the University of Florida and the University of Miami and graduated from the United States Naval Academy in 1946.

Weaver served 2 years of sea duty in the Navy and then spent 6 months at photogrammetry school and 6 months in the training group at the naval base at Guantanamo Bay, Cuba. He resigned from the Navy in 1949. He was recalled to active duty in 1951 and served 2 years in the Office of Naval Intelligence at the pentagon.

Following his resignation from the Navy, Weaver worked for two small 'business concerns in Miami prior to joining Stephens, Inc., a larger investment banking firm in Little Rock in 1961.

From 1962 to 1969, he worked at Hollis & Co., a Stephens, Inc., subsidiary, and Union Management Corp., a subsidiary of Union Life Insurance Co. (which is an affiliate of Stephens, Inc.). In 1969 Union Life sold its two mutual funds to Interscience Capital Management Corp., in New York, and Weaver worked there for a year.

In February 1971, he rejoined Union Life Insurance Co. as vice president, and in January 1972 he became president.