New Director, Deputy Named for Legislative Affairs

FOR IMMEDIATE RELEASE
2002-81

Washington, D.C., June 3, 2002 -- Securities and Exchange Commission Chairman Harvey L. Pitt today named a new director and deputy director for the SEC's legislative affairs office.

Jane O. Cobb, most recently director of congressional affairs for the Federal Emergency Management Agency, was named director of the SEC's Office of Legislative Affairs. Prior to her work in the executive branch, Cobb worked for 12 years in the House of Representatives, most recently as the staff director for the House Subcommittee on the Census. Cobb, 39, is a graduate of Vanderbilt University and replaces Casey M. Carter.

Peter Kiernan, 60, was named deputy director of the Office of Legislative Affairs. Kiernan has served as an attorney with the SEC for 34 years -- his entire professional career. He joined the Commission as a staff attorney and served as legal assistant to a commissioner before becoming an Assistant Director of the then Division of Investment Management Regulation. Since 1976, Kiernan has served as legislative counsel. He is a graduate of the University of Virginia School of Law, the Harvard Business School and Yale College.

"The SEC helps fulfill its duties to investors by maintaining strong relations and communications with members of Congress," Pitt said. "The Commission is fortunate to have the benefit of experienced and dedicated staff members like Jane and Peter."