White House to Nominate New PBGC Director

May 3, 2007 (PLANSPONSOR.com) - The White House announced yesterday that President George W. Bush intends to nominate Charles E. F. Millard to be Director of the Pension Benefit Guaranty Corporation (PBGC).

Millard currently serves as Managing Director at Broadway Partners, LLC. Previously, he served as a Managing Director at Lehman Brothers.

From 1995 to 1999 he served as President of the New York City Economic Development Corporation. He also served as Group Head and Managing Director at Prudential Securities, Inc. and was twice elected to the New York City Council.

Millard would take over from Interim Director Vincent Snowbarger , who has occupied that position since mid-2006. Snowbarger, Deputy Director of the Pension Benefit Guaranty Corporation, was tapped as interim director following the departure of Bradley Belt (see Snowbarger Retakes PBGC Top Spot ).

The White House also announced its intention to nominate Bradford Campbell as Assistant Secretary of Labor (see White House Taps Bradford Campbell for EBSA Post ).