Frank Zarb
| Frank Zarb | |
|---|---|
| Administrator of the Federal Energy Administration | |
|
In office December 18, 1974 – January 15, 1977 |
|
| President | Gerald Ford |
| Preceded by | John C. Sawhill |
| Succeeded by | Gorman Smith (Acting) |
| Personal details | |
| Born |
Frank Gustave Zarb February 17, 1935 New York City, New York, U.S. |
| Political party | Republican |
| Spouse(s) | Patrica Koster |
| Children | 2 |
| Education | Hofstra University (BBA, MBA) |
Frank Gustave Zarb (born February 17, 1935) is an American businessman and former Republican politician. He is perhaps best known as the chairman and ceo of the NASDAQ stock exchange during the dot-com boom of the late 1990s. He is also known for his role as the "Energy Czar" under President Gerald Ford during the 1970s energy crisis.
Frank Zarb was born to Maltese immigrant parents Gustave Zarb and Rosemary (Antinoro) Zarb in Brooklyn, New York. In 1957 he received his Bachelor of Business Administration at Hofstra University, then known as Hofstra College, on Long Island. Following his time in the army, he went on to earn a Master of Business Administration from Hofstra in 1962.
Following a term of service in the army from 1957 to 1958, Frank started at CITGO, then known as Cities Service Oil Co, as a management trainee. Leaving that post in 1962, he became a general partner at Goodbody and Company. In 1969 he became the executive vice president of CBWL-Hayden Stone.
In 1971 Frank went into public service, serving first as Assistant Secretary of Labor (1971–1972), then as Associate Director of the Office of Management and Budget (OMB) (1973–74). Finally in 1974 he was appointed "Energy Czar" by President Ford, holding dual appointments in the Energy Resources Council and the Federal Energy Administration until 1977.
After leaving the federal government in 1977, Zarb became a senior partner at Lazard (1977–1988), CEO and Chairman of Smith Barney (1988–1993), and group chief executive of Travelers Group (1993–1994). In 1994, he was appointed CEO of insurance brokerage company Alexander & Alexander Services, Inc. and then oversaw that company's sale to Aon Corp. in 1997.
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