Nomination of Elaine L. Chao To Be Director of the Peace Corps

The President today announced his intention to nominate Elaine L. Chao, of California, to be Director of the Peace Corps. She would succeed Paul D. Coverdell.

Currently Ms. Chao serves as Deputy Secretary at the U.S. Department of Transportation in Washington, DC. Prior to this, Ms. Chao served as Chairman on the Federal Maritime Commission, 1988 - 1989; Deputy Administrator of the Maritime Administration at the U.S. Department of Transportation, 1986 - 1988; and vice president for syndications of BankAmerica Capital Markets Group, 1984 - 1986. She was selected as a White House Fellow and worked in the Office of Policy Development at the White House in 1983 - 1984. From 1979 to 1983, she worked as an international banker at Citicorp in New York.

Ms. Chao graduated from Mount Holyoke College (B.A., 1975) and Harvard Business School (M.B.A., 1979). She was born March 26, 1953, in Taipei, Taiwan. Ms. Chao is a resident of California.