Nominations, February 24, 1981

Nomination of John S. R. Shad To Be a Member of the Securities and Exchange Commission, and Designation as Chairman

February 24, 1981

The President announced today his intention to nominate John S. R. Shad to be a member of the Securities and Exchange Commission for the remainder of the term expiring June 5, 1982. He will succeed Harold M. Williams, who is resigning. The President also announced his intention to designate him to serve as Chairman.

Mr. Shad is vice chairman of the board of directors of the E. F. Hutton Group, Inc., the second largest publicly owned investment banking and brokerage firm. He also serves as chairman of the finance, underwriting, investment and acquisition committees, and as a member of the executive committee.

Mr. Shad initated Hutton's investment banking activities in 1963. He was named ``Investment Banker of the Year'' in 1972 by Finance magazine.

He served as chairman, Reagan/Bush New York Finance Committee during the 1980 Presidential election.

Mr. Shad was graduated from the University of Southern California (B.S., 1947); Harvard Business School (M.B.A., 1949); New York University Law School (LL.B., 1959). During World War II he served as lieutenant in the U.S. Naval Reserve.

Mr. Shad resides in New York City. He is 58.

Nomination of Louis O. Giuffrida To Be Director of the Federal Emergency Management Agency

February 24, 1981

The President announced today his intention to nominate Louis O. Giuffrida to be Director of the Federal Emergency Management Agency.

General Giuffrida is president of the Specialized Management Services Co. and director of the California Specialized Training Institute.

He has had a lengthy career as a military and civilian expert in crime prevention and investigation; industrial defense; physical security; civil disturbances and disasters; confinement and rehabilitation responsibilities. He attained the rank of colonel in the U.S. Army in 1968 and served in a variety of positions. In 1971 he left the Army and, at the request of Governor Ronald Reagan, organized the California Specialized Training Institute and has directed it since its inception. In addition, he served as an adviser on terrorism, emergency management, and other special topics for the office of the Governor of California. He was recently promoted to the rank of general in the California National Guard.

General Giuffrida was graduated from the University of Connecticut (B.A.) and Boston University (M.A.). He is an author and lecturer.

General Giuffrida resides in San Luis Obispo, Calif.