WASHINGTON (Bloomberg) -- Ron Bloom, who helped oversee President Barack Obama's auto-industry bailouts, is leaving his White House post.
Bloom led the administration's efforts to raise the fuel economy standard for cars and light trucks last month and helped coordinate the government bailouts of General Motors Co. and Chrysler Group LLC in 2009. The White House announced his resignation today in an e-mailed statement.
Bloom will leave his post as Obama's assistant for manufacturing policy at the end of this month to return home to suburban Pittsburgh. Obama didn't immediately name a replacement.
"We've faced many tough choices and dealt with numerous challenges over the past two and a half years -- from restructuring the American auto industry to developing fuel- efficiency standards," Bloom said in the statement.
Bloom, 56, became Obama's top manufacturing adviser after the auto bailouts. Before joining the Obama administration, Bloom was an adviser to the United Steelworkers union and a manufacturing specialist at Lazard Ltd.
Bob Ferguson, General Motors vice president of global public policy, lauded Bloom's efforts.
"Ron Bloom's leadership within the President's Auto Task Force helped America's auto industry steer toward the road to recovery," Ferguson said in a statement. "As a result, the prospects look bright for auto manufacturing to contribute toward jobs and a stronger economy for years to come."
The Detroit News and The Wall Street Journal reported the departure earlier today.
Editor's note: An earlier version of this story incorrectly stated Bloom's age. He is 56.