Ron Klain Named President of Case Holdings
Klain To Leave White House To Lead Steve Case's Holding Company
WASHINGTON, Jan. 4, 2011 /PRNewswire/ -- Ron Klain, currently Assistant to the President and Chief of Staff to Vice President Joe Biden, will leave the White House to become President of Case Holdings, the holding company of AOL co-founder Steve Case. In this new role, Klain will work directly with Case to help oversee his varied business interests and provide counsel to both Steve and Jean Case on their philanthropic endeavors. Klain will complete his work at the White House and start at Case Holdings later this month.
"We are delighted to welcome Ron Klain back, and look forward to working with him to take what we've built to the next level," said Steve Case, Chairman and CEO of Revolution, and Chairman of The Case Foundation. "Ron was a valued advisor in Revolution's formative years and this is the perfect time for him to return, as we take steps to build on our current momentum and expand Revolution into new areas. It will also be great to have him playing a broader role, helping Jean and me with our non-Revolution activities, as well."
Revolution is the company founded by Case in 2005 to invest in a wide-range of consumer-oriented businesses in industries ripe for disruption. Today Revolution holds significant investments in some of America's hottest companies, including Zipcar, LivingSocial and Everyday Health. In 2009 Revolution sold its financial services company Revolution Money to American Express for $300 million. The company holds investments in more than 20 early stage venture and later stage growth equity companies within the digital, transportation, health, wellness and resorts sectors.
"I have been honored to serve in the Obama-Biden administration, and to work again for Vice President Biden, who has been my mentor, friend, and role model for more than 25 years," said Klain. "It is a hard choice to leave the Vice President's office, and especially hard to leave such wonderful colleagues. But this is a rare opportunity to work with Steve and Jean and the terrific team they have assembled, and to take my business and legal career to a new level."
As President of Case Holdings, Klain will oversee all corporate operations (legal, finance, communication), rejoin the Revolution team managing its portfolio of existing companies, and oversee Case's investments in Hawaii. In addition, Klain will work with the Revolution team, led by Donn Davis, as they seek to expand Revolution through new strategies and investments.
Klain has been serving as Assistant to the President and Chief of Staff to Vice President Joe Biden since January of 2009. Prior to that, he worked with Case in launching Revolution LLC in 2005, and served as EVP and General Counsel for four years. Klain's earlier career has included a number of high-ranking posts in the private and public sectors, including serving as Chief of Staff to Vice President Al Gore, Partner and a National Practice Group Chair at O'Melveny & Myers LLP, Chief of Staff to the U.S. Attorney General, Associate Counsel to President Clinton, Staff Director of the Senate Democratic Leadership Committees and Chief Counsel to the U.S. Senate Committee on the Judiciary. Mr. Klain has also been a senior advisor for debate preparation in the general election campaigns of Barack Obama, John Kerry, and Al Gore.
ABOUT CASE HOLDINGS
Case Holdings is the holding company for the wide-ranging for-profit and philanthropic interests of AOL co-founder Steve Case and his wife Jean. These initiatives include their investment firm Revolution LLC; significant investments within Hawaii, such as Grove Farm and Maui Land & Pineapple; and The Case Foundation. The mission of both Revolution and The Case Foundation is to invest in people and ideas that can change the world.
SOURCE Case Holdings
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