For Immediate Release
Office of the Press Secretary
December 9, 2002

President Bush Announced His Intention to Nominate Snow to be Secretary of the Treasury

President George W. Bush today announced his intention to nominate one individual to serve as a member of his administration:

The President intends to nominate John W. Snow of Virginia, to be Secretary of the Treasury. Dr. Snow is currently the Chairman and Chief Executive Officer of CSX Corporation, where he has served since 1977. He is presently the co-chairman of the Conference Board's Blue-Ribbon Commission on Public Trust and Private Enterprise. He previously served as co-chairman of the National Commission on Financial Institution Reform, Recovery and Enforcement. From 1994 to 1996 Dr. Snow served as the Chairman of the Business Roundtable.

Earlier in his career, he has served as a Visiting Professor Economics at the University of Virginia, Adjunct Professor of Law at George Washington University Law School and Assistant Professor of Economics at the University of Maryland. His previous public service includes Administrator of the National Highway Traffic Safety Administration and while at the Department of Transportation he served as Deputy Undersecretary, Assistant Secretary for the Governmental affairs, and Deputy Assistant Secretary for Policy, Plans and International Affairs.

Dr. Snow is a 1962 graduate of the University of Toledo. He went on to earn a Ph.D. in economics from the University of Virginia in 1965, and later received a law degree from George Washington University in 1967.

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