THE WHITE HOUSE
Office of the Press Secretary
________________________________________________________________________
For Immediate Release January 3, 2001
PRESIDENT CLINTON NAMES SHERYL R. MARSHALL AS MEMBER OF THE FEDERAL
RETIREMENT THRIFT INVESTMENT BOARD
President Clinton today announced the recess appointment of Sheryl R.
Marshall to serve as a member of the Federal Retirement Thrift Investment
Board. Ms. Marshall was nominated to the Senate on September 14, 2000.
Ms. Sheryl R. Marshall, of Boston, Massachusetts, currently serves as
a member of the Federal Retirement Thrift Investment Board. Ms. Marshall
also currently works as a Managing Director of Axxon Capital, Inc., a
venture capital firm that she co-founded to invest in women- and
minority-owned high-tech start-up companies. Previously, Ms. Marshall
served on the Board of the Thrift Fund of Massachusetts where she chaired
the Investment Committee. Ms. Marshall also spent several years working at
various investment firms such as Donaldson, Lufkin and Jenrette, Solomon
Smith Barney, Drexel Burnham Lambert, and Merrill Lynch.
Ms. Marshall received a B.A. from Emerson College and an M.B.A. from
Simmons College.
The Federal Retirement Thrift Investment Board is responsible for
managing the Thrift Savings Fund, a special tax-deferred savings fund
established by the Federal Employees? Retirement System Act of 1986.
Program administration for the Thrift Savings Fund is financed from the
Fund.
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