Mitt Romney has returned to the private sector, taking on a role at an investment firm run by his son Tagg.
Romney will serve part of the time as chairman of the executive committee at Solamere Capital, a source with knowledge of his plans confirms. A letter has gone out to investors announcing Romney’s increased role.
The move was first reported by NBC News.
Shortly after the election, Romney took an office at Solamere. But an adviser said at the time that he was not planning to work at the firm, merely using an office there to manage his affairs. Romney’s only remaining aide, assistant Kelli Harrison, has been working from that office.
Tagg Romney co-founded Solamere in 2008 with Spencer Zwick, Mitt Romney’s campaign finance chairman in both that campaign and in 2012. The firm is named after a Utah ski community where the Romneys once owned a ski lodge.
Zwick began his career as an aide to Romney a decade ago; he is so close to the family that he is often referred to as the former Massachusetts governor’s sixth son. He was also paid millions in 2012 for “fundraising consulting” for Romney’s campaign.
Philip Rucker contributed to this report.