Vice President Biden's Chief of Staff, attorney Ron Klain, will be leaving the White House at the end of the month to oversee an investment company with a stake in Zipcar and LivingSocial.
"For 25 years, Ron Klain has been my friend and advisor," Biden said in a statement after news of the move trickled out. "As my chief of staff in the White House, Ron has done an exceptional job of building my team, implementing my direction on top priorities, and providing invaluable counsel. He has also played a key role in establishing the strong, positive relationship that exists between my staff and the president's team."
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"I am proud of the successes we have had over these two years, and am grateful for the role Ron played in achieving them. I wish him the best of luck as he takes this next step in his career," he said.
Klain's next move will see him become president of former AOL chairman Steve Case's firm Case Holdings, as well as Case's Revolution LLC.
"The chance to do something great, exciting and new made this a compelling offer I couldn't say no to," Klain told The Washington Post of the move. "It allows me to work in a new way with a team I enjoyed working with before and to take my business and law career to the next step."