January 4, 2009 / 6:48 PM / 11 years ago

Richardson withdraws as Obama's commerce pick

CHICAGO, Jan 4 (Reuters) - New Mexico Gov. Bill Richardson has withdrawn as President-elect Barack Obama’s nominee for commerce secretary, an Obama aide said on Sunday.

The aide gave no further details, saying only that a statement was due to be released shortly.

NBC news quoted a statement by Richardson as saying he withdrew due to a pending investigation into a company that has done business with his state.

Richardson said on the NBC news website that he had done nothing wrong but he said the ongoing investigation would have caused a long delay in the confirmation process.

Reporting by Deborah Charles, Editing by Sandra Maler

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