By OGJ editors
HOUSTON, Dec. 10 -- President George W. Bush nominated Samuel W. Bodman, US Treasury deputy secretary, to succeed Sec. of Energy Spencer Abraham, who announced his resignation (OGJ Online, Nov. 15, 2004).
The former chairman of chemical manufacturer Cabot Corp., Bodman joined the US Commerce Department as deputy secretary in February 2003. He became Treasury deputy secretary in February 2004.
Industry trade associations welcomed the nomination, noting Bodman's business experience.
The American Petroleum Institute said Bodman's "experience in the world of finance should serve him well in working with an industry that requires enormous investments and strategic planning."
American Chemistry Council Pres. and CEO Tom Reilly said, "The President picked the right man for the job¿Bodman is a chemical engineer, knows the energy industry, and has a wealth of experience in finance and manufacturing."
The nomination also won praise from John J. Castellani, president of the Business Roundtable, a Washington group working with the DOE to promote a voluntary program for companies toward reducing greenhouse gas emissions.
"Bodman's extensive experience as a leader in the business arena, combined with his scientific background, make him an excellent fit," Castellani said.
