CEO of major U.S. oil trade group to step down
Jack Gerard, who has served as president and CEO of the American Petroleum Institute for the last decade, announced today he’s stepping down later this year.
Why it matters: Gerard, 60, has been a fixture in Washington’s influence scene for decades. Before leading API, he led trade associations representing mining and chemical companies. At API, he’s pushed the agenda of one of the deepest pocketed industries during a particular tumultuous time for the sector: the oil and natural gas boom, BP oil spill and the onset of climate-change policies.