Appointment of Richard Donald Wood as a Member of the President's Export Council

The President today announced his intention to appoint Richard Donald Wood to be a member of the President's Export Council. He will succeed James H. Cavanaugh. Mr. Wood currently serves as president and chief executive officer of Eli Lilly and Co. He serves as director of the boards of various banks and financial organizations, including Dow Jones & Co., New York Chemical Corp., and Chemical Bank.

Mr. Wood graduated from Purdue University (B.S., 1948) and received his M.B.A. from the University of Pennsylvania. He is married, has two children, and resides in Indianapolis, IN. He was born October 22, 1926.