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President Obama names William Daley new Chief of Staff

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William Daley, JPMorgan Chase senior executive and Secretary of Commerce during the Clinton administration, has been named the new White House Chief of Staff.

Daley officially takes over for Rahm Emanuel who left to return to Chicago to campaign for mayor (coincidentally, Mr. Daley’s brother Richard serves as Chicago’s current Mayor). Pete Rouse, who served as interim chief of staff, will continue as a Counselor to the President.

See the full story in the New York Times.

Bill Daley, Bill Daley Jr., Tom Hynes, and Terry Dee at the CURE Epilepsy Benefit in Chicago 2010

In today’s special announcement in the East Room, President Obama said he was “proud to announce the appointment of an experienced public servant, devoted patriot, and my friend, fellow Chicagoan Bill Daley, to serve as my Chief of Staff. Few Americans can boast the breadth of experience that Bill brings to this job.”

Rahm: "Mr. President, Thank You."

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Not even 24 hours after NBC broke the news of Rahm Emanuel’s departure, President Barack Obama opened this morning’s announcement with, “Good morning and welcome to the least suspenseful announcement of all time.”

The President came to praise his former Chief of Staff through his efforts on health care reform and leading the White House’s staff through these turbulent times. “We’re also losing a comparable elader of our staff and one who we’re going to miss very much,” the President said. “When I first started assembling this administration I knew we were going to face some of the most difficult years our country has seen in years.”

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