Jeb Bush leaves last business commitments, as campaign looms

AP News
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Posted: Mar 11, 2015 5:26 PM
Jeb Bush leaves last business commitments, as campaign looms

DES MOINES, Iowa (AP) — Former Florida Gov. Jeb Bush has ended his relationships with the last two businesses he launched and helped lead since leaving the governor's office, clearing the way for an all-but-declared candidacy for president.

The Republican sold his ownership in Jeb Bush & Associates, a business consulting firm he opened in 2007, the year he left the governorship after eight years, according to aides to his political action committee. He was the firm's president and chief executive officer.

Bush has also sold his stake in Britton Hill Partners, a consulting firm launched in 2008 that specialized in energy, aviation, oil, gas and other industries, and in the related Britton Hill Holdings, established in 2013 as its private equity offshoot.

"Just as he said he would, Gov. Bush has been reviewing his private-sector commitments as he contemplates a potential run," Bush spokeswoman Kristy Campbell said in a prepared statement. "This was a natural step as Gov. Bush transitioned from his time and focus to running his business to increasing his political efforts on behalf of conservative candidates and causes."

In January, Bush stepped down as head of the nonprofit Foundation for Excellence in Education, which he also began shortly after he left the governorship. Late last year, Bush resigned from all the nonprofit and business boards on which he served, including that of the education foundation.

Since December, he has been raising money for his political action committee. He gave major policy speeches in February and has now embarked on a weeklong travel schedule that includes early-voting Iowa, New Hampshire and South Carolina.