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)
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