White House May Choose AmEx's Chenault for Treasury Secretary

The longtime Obama supporter could also be in the running for Commerce Dept., or an adviser role.

White House officials have approached American Express Co. Chief Executive Officer Kenneth Chenault about joining President Barack Obama’s second-term administration, possibly as Treasury secretary, according to two people familiar with the matter.

White House Chief of Staff Jack Lew remains the leading contender for the Treasury job, the people said. Still, consideration of Chenault among Obama’s staff may indicate the president hasn’t made a final decision on a replacement for Treasury Secretary Timothy F. Geithner, who has said he plans to leave the post.

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Mike O’Neill, a spokesman at American Express, declined to comment on a possible Chenault role in the administration. Karen Arena, a Xerox spokeswoman, said Burns “has no plans to leave her leadership position at Xerox.”

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