Governor-elect Bill Lee announced his departure from Lee Company Wednesday.
According to a release from the Governor-elect’s office, Lee will be stepping down as Chairman of Lee Company and he will place his holdings of the company in a blind trust.
“As I said I would do on the campaign trail, I have officially stepped away from my company and placed all of my company holdings into a blind trust to eliminate any potential conflicts of interest,” said Lee. “I look forward to this new chapter of public service and I leave knowing that Lee Company is in good hands with CEO Richard Perko and the Board of Directors.”
Lee resigned from the company on Dec. 21, 2018 after more than 35 years.
Lee Company said they will finish out all state contracts but will no longer pursue them.
Bill Lee will be inaugurated as Tennessee’s new governor on Jan. 19.
