PEOPLE - COMMODITIES NYMEX NAMES E. ARTHUR SMITH

PEOPLE - COMMODITIES NYMEX NAMES E. ARTHUR SMITH

E. Arthur Smith III was named to the board of directors of the New York Mercantile Exchange.

He will serve on the futures exchange's board until March 1989, filling a position vacant since late 1987. He was a member of the board from December 1984 through March 1988.He is also chairman of Nymex's globalization committee, vice chairman of the natural gas committee and a member of the propane advisory committee.

Mr. Smith holds a doctorate degree in agricultural economics from Texas A& M University and has worked for the USDA, the U.S. Agency of International Development and the Chicago Board of Trade.