SEC Chair to Step Down
Posted at 8 a.m. on Nov. 27, 2012
President Obama received his first post-election vacancy with Securities and Exchange Commission Chairman Mary Schapiro’s announcement that she will step down in December.
NYT DealBook looks at where the SEC goes from here: ”On Monday, President Obama named Elisse B. Walter, a Democrat who became an S.E.C. commissioner in 2008, the new chairwoman… In a somewhat surprising move, Ms. Walter will take over the top spot, rather than stepping into an interim post. Her appointment does not require Congressional approval because she was previously confirmed as a commissioner.”
“The White House is expected to nominate another agency chief in the near future… Mary Miller, a senior Treasury Departmentofficial, is a likely candidate, others briefed on the matter said. Sallie L. Krawcheck, a former top executive at Citigroup and Bank of America, is also in the running, the people said.”
The SEC has a summary of Schapiro’s accomplishments.