Doug Band, president/co-founder of Teneo and ex-confidante to president Clinton, is stepping down to spend more time with his family and pursue other interests including teaching and investing, according to a statement from the high-stakes corporate communications firm.
After serving as a counselor to the president and creating the Clinton Global Initiative, 48-year-old Band established Teneo in 2011 with Declan Kelly and Paul Keary.
His departure from Teneo follows a devastating article in Vanity Fair called “Confessions of a Clintonworld Exile” that outlined Band’s split with the former president and the Clinton family.
Teneo “understands, supports and respects” Band’s decision to quit and “wishes him and his wonderful family only the best moving forward.”
The firm, which bills itself as a global CEO advisory, has 800-plus staffers in 20 offices in the US, Canada, Brazil, Ireland, UK, Belgium, South Africa, Qatar, United Arab Emirates, China, and Australia.
Private equity firm CVC Capital purchased a controlling stake in Teneo last year.