Jacob "Jack" Lew will replace departing White House Chief of Staff William Daley. Insiders were surprised at Daley's resignation after just one year, having expected him to stay on until after the election in November.
Lew is a longtime Washington hand, having served as head of the Office of Management and Budget since November 2010. He has also served as deputy secretary of state for management, and as an executive at Citigroup Inc.
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