Ron Klain, who has moved in and out of Democratic political jobs for more than two decades, is planning a return to the private sector.
Klain will step down this month as the chief of staff to Vice President Joe Biden, according to a statement released by Biden’s office today. Klain, a former O’Melveny & Myers partner, was announced as Biden’s top aide just a week after the 2008 general election.
Klain is set to become president of Case Holdings, the parent of an investment company named for former AOL chief Steve Case. Klain worked for Case from 2005 to 2008.
“For 25 years, Ron Klain has been my friend and advisor,” Biden’s statement reads. “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.”
Biden also credited Klain with helping to establish a “strong, positive relationship” between Biden’s staff and the staff of President Barack Obama.
Before joining Biden’s current staff, Klain had been general counsel of another investment firm, Revolution. He served Biden much earlier as chief counsel to the Senate Judiciary Committee, when Biden was chairman. He was an associate counsel in the Clinton White House, and he served as chief of staff to Vice President Al Gore.
Updated at 12:31 p.m. with confirmation of Klain's new job.