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CFTC Chairman Timothy Massad Announces Resignation
January 4, 2017
Chairman Timothy Massad today submitted his resignation to President Obama, effective on January 20, 2017. He has chaired the Commission for 2-1/2 years. Mr. Massad will use his remaining time to close out his office and handle administrative matters.
Mr. Massad was sworn in as Chairman on 6/5/14. Prior to joining the CFTC, … Mr. Massad:
- served as Assistant Secretary for Financial Stability at the U.S. Department of the Treasury, overseeing the Troubled Asset Relief Program (TARP).
- served as Chief Counsel for TARP.
- served as a legal advisor to the Congressional Oversight Panel for TARP.
- was a partner with Cravath, Swaine & Moore.
[Click link for Massad’s statement and a list of CFTC’s accomplishments during his tenure.]
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