Release:                  #4270-99
For Release:         May 26, 1999

PHYLLIS CELA APPOINTED ACTING DIRECTOR OF ENFORCEMENT

Geoffrey Aronow, Current Director, To Leave May 31

The Commission announced today the appointment of Phyllis Cela as Acting Director of the Division of Enforcement, effective June 1, 1999. She will replace Geoffrey Aronow, the current Director of Enforcement, who will be leaving his position at the end of May.

Ms. Cela currently holds the position of Chief Counsel of the Division of Enforcement. She has previously served in various positions in the Division of Enforcement, which she joined in 1981 after serving in the United States Department of Justice.

Mr. Aronow will be returning as a senior partner in the law firm of Arnold & Porter, from which he joined the Commission in October 1995.