Nomination of Frances Todd Stewart To Be a Member of the Board of Directors of the Overseas Private Investment Corporation

May 22, 1984

The President today announced his intention to nominate Frances Todd Stewart to be a member of the Board of Directors of the Overseas Private Investment Corporation, United States International Development Cooperation Agency, for a term expiring December 17, 1986.

Since 1979 Mrs. Stewart has been president and owner of Kerr-Hays Co. in Ligonier, PA, which manufactures, exports, and imports plastic housewares and promotional products. In 1983 she also became the chief executive officer. Previously, she served on the board of directors of Marlborough Ltd. (1979 - 1983) and was New England sales manager for Kerr-Hays Co. (1979). In 1978 she became a member of the Young Presidents Organization, the youngest woman ever to do so. She is a member of the Committee of 200, a group of several hundred of the Nation's top businesswomen. She also serves on the Pittsburgh Advisory Board for the National Association of Women Business Owners and the Women in Business Advisory Board for the Overseas Education Fund. Mrs. Stewart is chairman of the Management Assistance and International Trade Committee of the Pittsburgh Advisory Board for the Small Business Administration.

Mrs. Stewart graduated from Williams College (B.A., 1978). She is married to Charles P. Stewart and resides in Ligonier, PA. She was born October 5, 1956, in Pittsburgh, PA.