WASHINGTON, DC – Energy Secretary Samuel W. Bodman released the following statement on the resignation of U.S. Treasury Secretary John Snow and the nomination of Henry M. Paulson, Jr.:

"Since his arrival 3-1/2 years ago, I have witnessed first-hand Secretary Snow's dedication and devotion to his job and country, and it was an honor to serve as Deputy Secretary of the Treasury during his tenure.  Under his leadership, the economy has continued to expand. He is a loyal public servant with an acute concern for American families.  I congratulate John on his successes and wish him and his wife Carolyn the very best as they return to private life.

"Additionally, I congratulate Henry Paulson, President Bush’s nominee to be the Secretary of the Treasury.  Over the years, I’ve known Hank as a hard-working executive with a deep appreciation for the power and strength of our economy.  A reliable and affordable energy supply is part of the foundation of America’s economic growth, and I look forward to working with Hank to strengthen our nation’s energy and economic security."

Media contact(s):
Craig Stevens, (202) 586-4940