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For Immediate Release
Office of the Press Secretary
February 26, 2001

President Bush to Nominate Three Individuals to Serve in His Administration

The President intends to nominate Hector V. Barretto to be administrator of the Small Business Administration.  He is currently the President of Barreto Insurance and Financial Services in Los Angeles, California, and serves as the Vice Chairman of the Board of the U.S. Hispanic Chamber of Commerce.  A resident of Glendale, California, he is a graduate of Rockhurst University.

The President intends to nominate Mel Sembler to be President of the Export-Import Bank of the United States.  He is presently the owner and Chairman of the Board of the Sembler Company in St. Petersburg, Florida. He has previously served as Ambassador to Australia and Nauru under President George H. W. Bush and was named to President Ronald Reagan's White House Conference for a Drug Free America.  Sembler is a graduate of Northwestern University in Chicago, Illinois.

The President intends to nominate Robert Glenn Hubbard to be a member of the Council of Economic Advisors and upon confirmation, Hubbard will serve as the Chairman of the Council of Economic Advisors.  He is presently the Russell Carson Professor of Economics and Finance at Columbia University. He served as Deputy Assistant Secretary at the Department of the Treasury from 1991-1993 where he received the Exceptional Service Award in 1992.  He is a graduate of the University of Central Florida and received his Master's degree and Ph.D. from Harvard University.

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