Herb Perone Named Deputy Public Affairs Director

FOR IMMEDIATE RELEASE
2002-167

Washington, D.C., November 22, 2002 -- The Securities and Exchange Commission announced today the appointment of Herb Perone as Deputy Director of the Office of Public Affairs.

Perone, 50, is a veteran of 25 years in broadcast and print journalism - including stints with ABC News, CNN and several local and regional newspapers. Immediately prior to joining the SEC, Perone served as Director of Media Relations & External Communications for the American Council of Life Insurers.

As deputy director, Perone will play an important role in the management of the office and serve as a key advisor to the director.

"Herb's impressive experience as a journalist, along with his background in the financial services industry, are particularly valuable to the Public Affairs office at this time," said Christi Harlan, Director of the Office of Public Affairs. "This agency, and the investors it serves, will benefit from his ability to communicate the important work of the SEC."