title: Trump navy secretary nominee withdraws citing disruption to financial interests
content: Philip Bilden announces his decision only days after White House said he was 100 % committed to the role
  Donald Trump ’ s choice to be secretary of the navy has withdrawn from consideration for the post , citing concerns about privacy and separating himself from his business interests .
  Trump White House scrambles to check scandal over FBI inquiry into Russia ties Read more
  The nominee , Philip Bilden , was an intelligence officer in the army reserve from 1986 to 1996 . He relocated to Hong Kong to set up an Asian presence for HarbourVest Partners , a global private equity management firm . He recently retired from HarbourVest Partners after 25 years .
  Bilden is the second Trump nominee for a post overseeing the military to withdraw before confirmation .
  Earlier this month , Vincent Viola , a West Point graduate and former airborne officer , withdrew from consideration to be secretary of the army . The founder of several businesses , including the electronic trading firm Virtu Financial , he also owns the National Hockey League ’ s Florida Panthers and is a past chairman of the New York Mercantile Exchange .
  Viola cited his inability to successfully navigate the confirmation process and defense department rules concerning family businesses . The post remains unfilled .
  Reports of Bilden ’ s withdrawal had been circulating for days but were denied by the White House press secretary , Sean Spicer , who said he was 100 % committed to the role .
  In a statement on Sunday , the defense secretary , Jim Mattis , said Bilden had informed him of the decision and that he would make a recommendation for a new nominee in the coming days .
  “ This was a personal decision driven by privacy concerns and significant challenges he faced in separating himself from his business interests , ” Mattis said .
  In his own statement , Bilden said : “ I informed Secretary of Defense Mattis with regret that I respectfully withdraw from consideration as nominee for the 76th secretary of the navy . ”
  He had determined , he said , that he would not be able to satisfy Office of Government Ethics requirements without what he called “ undue disruption and materially adverse divestment of my family ’ s private financial interests ” .
content_original: Philip Bilden announces his decision only days after White House said he was 100% committed to the role
  
  This article is more than 2 years old
  
  This article is more than 2 years old
  
  Donald Trump’s choice to be secretary of the navy has withdrawn from consideration for the post, citing concerns about privacy and separating himself from his business interests.
  
  Trump White House scrambles to check scandal over FBI inquiry into Russia ties Read more
  
  The nominee, Philip Bilden, was an intelligence officer in the army reserve from 1986 to 1996. He relocated to Hong Kong to set up an Asian presence for HarbourVest Partners, a global private equity management firm. He recently retired from HarbourVest Partners after 25 years.
  
  Bilden is the second Trump nominee for a post overseeing the military to withdraw before confirmation.
  
  Earlier this month, Vincent Viola, a West Point graduate and former airborne officer, withdrew from consideration to be secretary of the army. The founder of several businesses, including the electronic trading firm Virtu Financial, he also owns the National Hockey League’s Florida Panthers and is a past chairman of the New York Mercantile Exchange.
  
  Viola cited his inability to successfully navigate the confirmation process and defense department rules concerning family businesses. The post remains unfilled.
  
  
  
  Reports of Bilden’s withdrawal had been circulating for days but were denied by the White House press secretary, Sean Spicer, who said he was 100% committed to the role.
  
  In a statement on Sunday, the defense secretary, Jim Mattis, said Bilden had informed him of the decision and that he would make a recommendation for a new nominee in the coming days.
  
  
  
  “This was a personal decision driven by privacy concerns and significant challenges he faced in separating himself from his business interests,” Mattis said.
  
  In his own statement, Bilden said: “I informed Secretary of Defense Mattis with regret that I respectfully withdraw from consideration as nominee for the 76th secretary of the navy.”
  
  He had determined, he said, that he would not be able to satisfy Office of Government Ethics requirements without what he called “undue disruption and materially adverse divestment of my family’s private financial interests”.