The White House announced on Wednesday that Timothy Adams, a former chief of staff at the US Treasury, was being nominated for a senior Treasury position as under secretary for international affairs. The job, which requires Senate confirmation, would give Adams a role in US dollar policy and a voice at the International Monetary Fund and World Bank.
He would replace John Taylor, who announced on Monday that he was stepping down on April 22, after the Washington spring meetings of the multilateral lending institutions.
"The president intends to nominate Timothy D. Adams, of Virginia, to be Under Secretary of the Treasury," the White House said in a brief statement issued at President George W. Bush's ranch in Texas.
Adams most recently served as a policy advisor to Bush's 2004 reelection campaign. Prior to that, he was chief of staff for both former Treasury Secretary Paul O'Neill until his resignation in late 2002 and then to O'Neill's successor, John Snow.
Earlier, he was a co-founder and managing director of the G7 Group, a Washington, D.C.-based consulting firm.
Treasury has slowly been building up its depleted senior staff in the face of criticism that its influence has suffered because so many top jobs were vacant.
The White House also said on Wednesday that Arnold Havens, currently Treasury's general counsel, will be designated as acting Deputy Secretary of Treasury.
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