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Bush moves to fill top positions at PBGC, DOL

Posted On: May. 3, 2007 12:00 AM CST

WASHINGTON--President Bush on Thursday said he intends to fill two long vacant top pension regulator positions.

President Bush said he intends to nominate Charles E.F. Millard, a managing director at Broadway Partners L.L.C., a New York real estate investment and management firm, to be the next director of the Pension Benefit Guaranty Corp.

Previously, Mr. Millard was managing director and head of wealth management services at Lehman Bros. and was a senior cabinet official during the administration of New York Mayor Rudolph Giuliani. He also was twice elected to the New York City Council.

The nomination is subject to Senate confirmation. The PBGC's director position has been vacant for about a year following the resignation of Bradley Belt. The PBGC's deputy director, Vince Snowbarger, has been serving as interim director.

President Bush also said he intends to nominate Bradford Campbell as assistant secretary of labor and head of the Labor Department's Employee Benefits Security Administration, which regulates pension plans.

Currently, Mr. Campbell is an acting assistant secretary. Mr. Campbell would succeed Ann Combs, who left the Labor Department last year.