CBP Nominee Kerlikowske to Divest Numerous Holdings Potentially Affected by New Role
The nominee for CBP Commissioner Gil Kerlikowske and his wife plan to divest a number of stock holdings in companies that could be affected by decisions he makes as the head of the agency, recently filed disclosure forms show. Kerlikowske will shed the holdings within 90 days of his potential confirmation as CBP commissioner, according to his filing with the Department of Homeland Security-designated agency ethics official. The divestitures, which include several companies heavily involved in international trade, are meant to "avoid actual or apparent conflict or interest" if confirmed as CBP commissioner, the filing said.
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Kerlikowske said he will not "participate personally and substantially in any particular matter that has a direct and predictable effect on my financial interests of the entity until I have divested it" unless getting a waiver beforehand. He also won't get involved in matters that affect Circle Solutions, where his wife works and owns stock, unless he receives a waiver beforehand. Kerlikowske, now head of the Office of National Drug Policy, was nominated for CBP Commissioner in August (see 13080219).
The disclosures allow filers to give a range of a holding's worth. Companies in which Kerlikowske and/or his family hold stock in that will be divested after confirmation include:
- Expeditors International of Washington ($1,001-$15,000)
- CH Robinson ($1,001-$15,000)
- International Paper ($1,001-$15,000)
- Dick's Sporting Goods ($15,001-$50,000)
- Hasbro ($1,001-$15,000)
- Precision Castparts ($1,001-$15,000)
- Intel ($1,001-$15,000)
- Beacon Roofing Supply ($1,001-$15,000)
- CF Industries Holdings ($1,001-$15,000)
- Caseys General Stores ($1,001-$15,000)
- Genuine Parts Company ($1,001-$15,000)
- Corning ($15,001-$50,000)
- Ford Motor Company ($1,001-$15,000)
- Pepsico ($15,001-$50,000)
- Paccar ($15,001-$50,000)
- AT&T ($50,001-$100,000)
- Impax Laboratories - marked as both ($1,001-$15,000) and ($1,000,001-$5,000,000)
Email ITTNews@warren-news.com for copies of Kerlikowske's disclosure forms.