Treasury Secretary John Snow has reportedly made his intentions clear to the White House that he will step down from that post and return to the private sector once President Bush chooses a successor.

According to the Associated Press, Treasury officials who spoke on the condition of anonymity said that Snow was not ready to publicly disclose his plans to depart.

Snow, 66, assumed the top post at Treasury in February 2003, succeeding Paul O'Neill. Prior to being named as Secretary, Snow spent 20 years heading global transportation concern CSX.

He also served as administrator of the National Highway Traffic Safety Administration.

Previously on WebCPA:

Bush Names New Budget Director (April 19, 2006)

Snow: '07 Budget Promotes Economic Opportunity (April 6, 2006)Report: New Chief of Staff Wants Snow Out (March 31, 2006)

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access