he had been associate director of the Office of Management and Budget from 1973 to 1974 and served as assistant secretary of labor between 1971 and 1972. He served in various assignments with the Nixon, Ford, Reagan, Bush and Clinton administrations. Before entering public service, Mr. Zarb acquired considerable experience in the securities industry where he began his career with Goodbody & Co. in 1962. He served in various capacities for predecessor firms of Shearson Lehman Brothers, as executive vice president of marketing, operations and investment banking, as well as chairman of the Executive Committee. He has served as a director on 13 public company boards. He was chairman of Long Island Power Authority, the New York state agency responsible for overseeing the restructuring of the electric power system of Long Island. In 2003 the governor of New York named Mr. Zarb chairman of the New York State Commission on Education Reform, a bipartisan group of educational, business and community leaders who worked together to reform New York state’s educational system. In 2001 the governor of New York appointed Mr. Zarb to the Board of Directors of the Lower Manhattan Development Corporation, an organization charged with overseeing the development of the downtown New York City area following 9/11. In 1999 the governor of New York named Mr. Zarb chairman of the Nassau County Interim Finance Authority, a body assembled to lead a state effort to turn around Nassau County’s financial crisis. Mr. Zarb is a member of the Board of Trustees of the Gerald R. Ford Foundation. He is a former chairman of the Board of Trustees of his alma mater, Hofstra University, where he still serves as a board member. Hofstra named its business school after Mr. Zarb. Mr. Zarb was a member of the Mayor’s Commission on Homelessness in New York City and led the Privatization Task Force of the New York City Partnership. He also served as chairman of the Council for the U.S. and Italy. Frank G. Zarb, who earned B.S. and M.B.A. degrees in business from Hofstra University, was awarded an honorary Doctor of Law degree by the University and received the school’s Outstanding Scholar Award. The Georgetown University McDonough School of Business also conferred an honorary doctorate on him in 2000. He served eight years in the U.S. Army Reserve and retired with the rank of captain.
14 Executives in Residence