Columbia S&L; Adds Kudlow, Bilger to Board

Columbia Savings & Loan Assn. of Beverly Hills elected Lawrence A. Kudlow and Arthur H. Bilger to its board at the firm’s annual meeting Tuesday.

Kudlow, 41, is chief economist and senior managing director of Bear, Stearns & Co. and chairman of the firm’s investment policy committee. Previously, he worked as a private economic consultant in Washington. From 1981 to 1983, he served as associate director for economics and planning in the Office of Management and Budget.

A resident of New York City and East Lyme, Conn., Kudlow is a graduate of the University of Rochester and the Woodrow Wilson School of Public and International Affairs at Princeton University.

Bilger, 36, is an executive vice president and director of Drexel Burnham Lambert Inc. and co-head of the firm’s corporate finance department. He has been with Drexel since 1977. He also sits on the boards of Valhi Inc. and Spelling Entertainment.

A resident of Beverly Hills, Bilger is a 1975 graduate of the University of Pennsylvania. He received a master’s of business administration from the University of Chicago in 1977.