Nomination of the United States Alternate Executive Director and the United States Director of the Inter-American Development Bank

The President today announced his intention to nominate the following individuals to the Inter-American Development Bank:

Albert W. Angulo, to be United States Alternate Executive Director of the Inter-American Development Bank. He would succeed Larry K. Mellinger.

Mr. Angulo serves as owner of Argent Consultants in Houston, TX. Prior to this he served as vice president for corporate finance and marketing at Worley Engineering, Inc., in Houston, TX.

Mr. Angulo graduated from Lehigh University (B.S., 1959) and Temple University (M.B.A., 1968). He was born August 5, 1936, in Madrid, Spain. Mr. Angulo served in the U.S. Army, 1957 and 1961. He is married, has two children, and currently resides in Houston, TX.

Larry K. Mellinger, to be United States Director of the Inter-American Development Bank. Mr. Mellinger has been serving in this position since November 1988 by recess appointment.

Prior to this Mr. Mellinger served as senior vice president and chief financial officer for the Gruma Corp. in Los Angeles, CA.

Mr. Mellinger graduated from the University of Kansas (B.A., 1967) and the American Graduate School of International Management (B.S., 1968). He was born April 28, 1944, in Bakersfield, CA. Mr. Mellinger is married, has two children, and resides in Bethesda, MD.