September 22, 2010 / 2:41 AM / 7 years ago

Factbox: Potential candidates to replace Summers

WASHINGTON Sept 21 (Reuters) - White House economic adviser Larry Summers is stepping down from his job at the end of the year to return to his position as a professor at Harvard University, the administration said on Tuesday.

Following are economists that have been mentioned as potential replacements for Summers as director of the White House National Economic Council.

LAURA TYSON

A member of the President’s Economic Recovery Advisory Board, an outside panel of economic experts advising Obama. Tyson is a former top economic adviser to former President Bill Clinton. She is also a professor at the University of California, Berkeley’s Haas School of Business.

DIANA FARRELL

A deputy to Summers on the National Economic Council. She also sits on Obama’s Auto Task Force. From 2002 to 2009, Farrell was Director of the McKinsey Global Institute, the economics research arm of McKinsey & Company. Prior to joining McKinsey, she worked at Goldman Sachs as a financial analyst.

JASON FURMAN

He’s also a deputy to Summers. Furman served as Economic Policy Director of Obama’s presidential campaign. He served in the Clinton administration as a staff economist at the Council of Economic Advisers and later worked for the National Economic Council. In addition, he was a senior adviser to a top World Bank official.

ANN FUDGE

A member of the bipartisan deficit commission Obama formed early this year to tackle the deficit. Fudge was chairman and chief executive officer of Young & Rubicam Brands. She also held senior executive positions at General Mills and Kraft.

GARY GENSLER

Chairman of the Commodities Futures Trading Commission, Gensler is a former Treasury official and Goldman Sachs employee. He was also a senior adviser to former Senate Banking Committee Chairman Paul Sarbanes, on the Sarbanes-Oxley Act.

GENE SPERLING

Counselor to Treasury Secretary Timothy Geithner. Sperling headed the National Economic Council in the Clinton administration. He served as an economic policy adviser to the Clinton-Gore presidential campaign and was also an economic adviser to former New York Governor Mario Cuomo.

MARK ZANDI

Chief economist at Moody’s Analytics, Zandi was an economic adviser to John McCain’s presidential campaign. But he has also advised the White House and congressional Democrats and Republicans.

JEFFREY IMMELT

Chairman and CEO of General Electric since 2001. Immelt is also a member of The Business Council and is on the board of the New York Federal Reserve Bank.

RICHARD PARSONS

Chairman of Citigroup and a former chair and chief executive of Time Warner, Parsons was on the Obama transition team’s economic advisory board before being named Citigroup chairman. He also served on a task force under former President George W. Bush that examined Social Security changes.

ANNE MULCAHY

Former Xerox Corp. chief executive. She serves on the President’s Economic Advisory Board.

Reporting by Joanne Allen; Editing by Todd Eastham

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