Designation of Edward H. Fleischman as Acting Chairman of the Securities and Exchange Commission

The President today designated Edward H. Fleischman as Acting Chairman of the Securities and Exchange Commission. He would succeed David S. Ruder.

Since 1986 Mr. Fleischman has been serving as a member of the Securities and Exchange Commission in Washington, DC. Prior to this, he served as an attorney with the law firm of Beekman and Bogue in New York City.

Mr. Fleischman graduated from Harvard College and Columbia Law School (LL.B., 1959). He was born June 25, 1932, in Cambridge, MA. Mr. Fleischman served in the U.S. Army, 1952 - 1955.