NEW YORK: Doug Band, founding partner and president of Teneo, has reportedly resigned from the firm less than a week after Vanity Fair published an in-depth feature on the former top Clinton aide.
Band told the consultancy’s staff in a memo that he is leaving to focus on teaching, investing in startups and developing his family office, according to the Financial Times.
Representatives from Teneo did not respond to requests for comment, nor did representatives from private equity firm CVC Capital Partners, which purchased a majority stake in Teneo last year. Band could not be reached for comment.
Band formed Teneo in 2011 with chairman and CEO Declan Kelly after working extensively for former President Bill Clinton and the Clinton Foundation.
Band’s departure comes days after Vanity Fair published a profile headlined “confessions of a Clintonworld exile” that claims Band “virtually invented Clinton’s post-presidential life” by setting up the Clinton Global Initiative. The feature details the personal split between the two men.
Band began working for Clinton as a White House intern and eventually became a close confidant of the president. Band was Clinton’s chief adviser from 2002 to 2011 with the title of counselor to the president, according to Band’s biography on Teneo’s website.