WASHINGTON – President George W. Bush announced that he would like Henry Paulson, chairman of Goldman Sachs, to succeed Treasury Secretary John Snow who recently announced his departure once a replacement was found.
"The past eight years, Hank has served as Chairman and Chief Executive Officer of the Goldman Sachs Group," President Bush said. "It's one of the most respected firms on Wall Street. He has a lifetime of business experience; he has an intimate knowledge of financial markets and an ability to explain economic issues in clear terms.
"For the past three years, Secretary John Snow has shown strong leadership in carrying out these responsibilities. John answered the call to public service in a time of uncertainty for our economy, and under his leadership, we have seen a broad and vigorous economic resurgence."
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