Frank Carlucci has met outstanding success in the world of business and finance in addition to his government service, which spanned four administrations under both Democrat and Republican Presidents. He was Secretary of Defense in the Reagan administration, 1987 to 1989.

He served as president, CEO and chairman of Sears World Trade, Inc., 1983 to 1986. He became vice chairman of The Carlyle Group, a merchant bank in Washington, D.C., in 1989, chairman in 1993. He also is chairman of Carlyle International, an international merchant bank.

Carlucci wrestled at Wyoming Seminary Prep School in Pennsylvania, where he was Northeastern champion at 145 pounds for Coach Raymond Sparks. He also was a varsity wrestler at Princeton.

He is a member of Boards of Directors of 20 prominent firms, including Ashland Oil, Bell Atlantic, Connecticut Mutual Life, General Dynamics, Quaker Oats, Upjohn, Westinghouse, and Rand Corporation. After gaining his bachelor's degree at Princeton in 1952, he earned his MBA at the Harvard School of Business Administration in 1956.

After duty as a foreign service officer in South Africa, The Congo, Zanzibar and Brazil, he headed the Office of Economic Opportunity, 1969 to 1970, was deputy director of the Office of Management & Budget, 1971 to 1972, undersecretary in the Department ofHealth, Education & Welfare, 1972 to 1974 and U.S. Ambassador to Portugal, 1975 to 1978.

Carlucci was deputy director of the Central Intelligence Agency, 1978 to 1981, and assistant to the President on National Security, 1986 to 1987.

He has received the Department of Defense Distinguished Civilian Award, the Distinguished Intelligence Medal, the Presidential Citizens Award and the Woodrow Wilson, James Forrestal and George C. Marshall Awards.