PND (10/10/2000) -- John M. Olin Foundation Elects New Chairman and President

The Board of Trustees of the New York City-based John M. Olin Foundation, Inc. has announced the elections of Eugene F. Williams, Jr. as chairman of the board and George J. Gillespie III as president of the foundation.

Mr. Williams, who has served on the foundation's board since 1976 and is a member of its executive committee, is the retired chairman of Centerre Trust Company of St. Louis and has served as a director of several corporations, including American Airlines, Emerson Electric, and Bristol-Myers Squibb. He is also a former president of St. Luke's Hospital, St. Louis, and the St. Louis Municipal Opera.

Mr. Gillespie, a partner at the law firm of Cravath, Swaine & Moore, succeeds the late William E. Simon as president. He has served on the foundation's board as secretary-treasurer since 1976 and, like Williams, is a member of its executive committee. He is also a director of the Washington Post Company and the White Mountains Insurance Group. In addition, he is chairman emeritus of the National Multiple Sclerosis Society, a trustee of the Museum of Television and Radio, and a trustee of Mount Sinai-NYU Health System.

The John M. Olin Foundation supports projects that reflect or are intended to strengthen the economic, political, and cultural institutions upon which the American heritage of constitutional government and private enterprise is based.

FCnote: The John M. Olin Foundation, Inc. (NY) had assets of $109,236,443 and made grants totaling $19,389,846 in the year ending 12/31/99.

"John M. Olin Foundation Announces Election of New Chairman and President." John M. Olin Foundation News Release 9/20/2000.

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