Published On: Sun, Sep 15th, 2013

Jeffrey Zients set to become Obama’s Economic Adviser

 

Zients, a former White House Aide with a wealth of experience in the corporate business world, has been appointed by the  President to succeed Gene B. Sperling as his chief White House economic adviser.

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Jeffrey Zients and president Obama

Jeffrey Zients, who has until recently held the post as acting budget director for President’s Barack Obama has reportedly been chosen to take up the post of chief White House economic adviser, replacing Gene  Sperling will leave the job on the First of January, after nearly three years in the White House.

Now Zients will be stepping into the breach vacated  by Sperling, handling a variety of responsibilities including overseeing the development of economic policies on domestic programs, taxes, as well as internal trade with other departments and agencies.

After many years in the private sector, Jeffrey Zients became team is part of President Obama’s inner circle as recently as 2009, when he was appointed by him to the newly created position of United States Chief Performance Officer.

In January of last year Zients was given the post of acting director at the Office of Management and Budget holding the post until April 24, 2013. During his time as

Chief Performance Officer, Zients particularly responsible for leading the Obama Administration’s “Accountable Government Initiative”.

During his time as part of the Obama administration, Jeffrey Zients has twice been called in to take up the position of acting director of the budget office, as a stopgap until a permanent director was found. The first time, in 2010, was only a year after Zients had joined the White House staff. Despite his wealth of corporate experience, he was apparently deemed by the powers that be in the White House to have insufficient budget experience to take the place of Peter Orszag who was leaving the post, with the position eventually going to Jacob J. Lew.

Again in early 2012 Jeffrey Zients was called upon to take up the post of acting director when Lew, was moved upstairs to become White House chief of staff. Zients successfully managed the post of acting director for the remainder of 2012 up to and including the election period going into the April of 2012, when the post of chief White House economic adviser was handed to Gene B. Sperling.

The new opening for Zients became available when Mr. Sperling told Mr. Obama a few months ago that he would be regretfully giving up the post, citing personal reasons.

 

Jeffrey Zients was born and raised in Kensington, Maryland. Zients graduated with a Bachelor of Science degree from Duke University.

After completing his studies, Zients was involved in management consulting firstly with Mercer Management Consulting and later with the Boston based Bain & Company. Jeffrey Zients left Bain to take up the appointment, at the age of just 35, of chief operating officer of DGB Enterprises, a holding company for the Advisory Board Company a research, technology and consulting firm based in Washington. D.C., and their associate company, the Corporate Executive Board.

 

 

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