WASHINGTON — Reuters reports that President Bush on Monday formally submitted to the U.S. Senate his nomination of railway chief John Snow as U.S. Treasury secretary, the White House said.
Snow, chairman of railroad giant CSX Corp., must be confirmed by the Senate for the post. He would take over from Paul O’Neill who was forced out last month along with Bush’s senior economic adviser, Lawrence Lindsey.
Snow, 63, a lawyer and economist, helped build CSX into the biggest rail operator in the eastern United States after serving stints in the administration of President Gerald Ford in the mid-1970s as an assistant secretary and under secretary at the Transportation Department.
Among his other affiliations, including serving as a director at Verizon and Johnson & Johnson, Snow has chaired the Business Roundtable, a powerful association of executives who lead top U.S. corporations.