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Penny Pritzker to quit Hyatt Hotels board

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WASHINGTON--Penny Pritzker, President Barack Obama's pick to be the next Commerce Secretary, will resign from the Hyatt Hotels Corporation and other positions, according to letter she wrote as part of her ethics statements filed Wednesday in advance of her May 23 confirmation hearing.

Pritzker wrote that the duties of Commerce Secretary may involve matters "affecting the financial interests of Hyatt Hotels Corporation" and other hotel relate interests. Pritzker said she was advised she will not have to divest from these holdings but would recuse herself when appropriate.

Upon confirmation, Pritzker said she will resign from more than 20 Pritzker family trusts and a variety of civic and charitable organizations.

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Lynn Sweet

Lynn Sweet is a columnist and the Washington Bureau Chief for the Chicago Sun-Times.

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This page contains a single entry by Lynn Sweet published on May 15, 2013 3:46 PM.

Labor gives Penny Pritzker a pass; confirmation hearing May 23 was the previous entry in this blog.

Acting IRS Commissioner booted out in wake of scandal is the next entry in this blog.

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