Shelley Parratt Named Deputy Director in SEC's Division of Corporation Finance

FOR IMMEDIATE RELEASE
2003-15

Washington, D.C., Jan. 27, 2003 -- Securities and Exchange Commission Chairman Harvey L. Pitt today announced the establishment of a second deputy director position in the Division of Corporation Finance and named Shelley E. Parratt to this position. Parratt will be responsible for disclosure operations.

Martin P. Dunn will continue as deputy director, with responsibility for the legal and regulatory programs of the division.

"Shelley is tremendously talented and dedicated," Pitt said. "She is well versed in corporation finance and disclosure issues and will play a crucial role as the Commission looks to enhance the financial disclosure system and our review processes. I am thrilled that she is accepting this new responsibility."

Alan Beller, director of the Division of Corporation Finance added, "Shelley has valuable experience in all aspects of the disclosure process and a long record of accomplishment with the Commission. Her talent, leadership and dedication to the Commission and the investing public will continue to serve her well in this position. Shelley has played the principal role in leading disclosure operations for some time and this new position recognizes that role and its importance in the division. Together, Shelley and Marty have been and will continue to be an outstanding team in the division."

Parratt, 43, joined the Division of Corporation Finance as a Financial Analyst in 1986. During her tenure with the division, Parratt has served as Branch Chief, Assistant Director, Associate Director and most recently as Principal Associate Director (Disclosure Operations). Parratt received her MBA from Syracuse University in 1985 and received her B.A. from St. Lawrence University in 1982.