December 13, 1984

The President today announced his intention to appoint Nicholas F. Brady to be a member of the Commission on Executive, Legislative, and Judicial Salaries for the period of the 1985 fiscal year of the Federal Government. He would succeed Thomas R. Donahue. The President also intends to designate him as Chairman.

Mr. Brady has been with the investment banking firm of Dillon Read & Co. since 1954 and currently serves as chairman and chief executive officer. He is also currently chairman of Purolator, Inc. In 1982 he was appointed to the United States Senate by New Jersey Gov. Thomas Kean to fill out the unexpired term of Senator Harrison Williams.

Mr. Brady graduated from Yale University (B.A., 1952) and Harvard Business School (M.B.A., 1954). He is married, has four children, and resides in Far Hills, NJ. He was born April 11, 1930, in New York, NY.