Irvine Co.’s Nielsen Elected Head of Economic Development Corp.
Thomas H. Nielsen, vice chairman of the Irvine Co., has been elected chairman of the California Economic Development Corp. for 1989. He succeeds Theodore J. Saenger, who recently retired as president and chief executive officer of Pacific Bell.
The private, nonprofit corporation was created by Gov. George Deukmejian in 1983 to help attract and retain international and domestic industrial and commercial investment in the state.
“My major goal over the coming years is to actively participate in the efforts of the CEDC to begin the formation of a societal compact as called for in the ‘California Vision 2010’ report issued by the commission,” Nielsen said. The report points out critical policy issues that need to be addressed in education, transportation and fiscal reform.
Nielsen becomes CEDC’s third chairman. CEDC’s first chairman was Joseph R. Rensch, retired president of Pacific Lighting Corp.
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