Mitt Romney, the 2012 Republican presidential nominee, will work at his son's investment firm, Solamere Capital, NBC News reported.
Romney will be chairman of the executive committee at the investment firm led by his oldest son, Tagg.
Romney plans to work with Solamere one week a month, advising on matters of private equity, and isn't planning to fundraise for the firm, a person knowledgeable about the situation told NBC News.
Romney has had office space at Solamere, based in Boston, since the November election. However, he has not been officially involved in business matters.
His 2012 presidential campaign and his unsuccessful 2008 bid to be the GOP presidential nominee focused on his business background. Romney founded the private equity investment firm Bain Capital in 1984.
Most Popular Stories
- American Airlines, US Airways Complete Merger
- ACA Delay Stresses Small Businesses
- Unemployed Wait as Lawmakers Debate
- Questions Remain in Jenni Rivera's Death
- General Dynamics Plans 200 New Jobs in N.M.
- Dell Offers Undisclosed Number of Employee Buyouts
- Saab Gets Back into the Game; U.S. Auto Sales Soar
- Harley Issues Motorcycle Recall
- Authorities Close to Deal with JPMorgan Chase over Madoff Response
- Auto Dealer Builds Big Solar Project