CHICAGO, Illinois (CNN) - Chicago businesswoman Penny Pritzker said Thursday that she is not a candidate for Secretary of Commerce in the administration of President-elect Barack Obama.
Pritzker said she "never submitted any information for the vetting process to begin" and that "while there were discussions, I was never formally offered the position.
"I have obligations here in Chicago that make it difficult for me to serve at this time."
Pritzker was Obama's national campaign finance chairwoman and had been mentioned as the leading candidate to become Obama's Secretary of Commerce. She is the chairwoman of TransUnion, a national credit-reporting agency.
In a written statement her office issued Thursday, she said, "I think I can best serve our nation in my current capacity: building businesses, creating jobs and working to strengthen our economy."
Pritzker noted that "it has been my great privilege to serve in the Obama campaign. I look forward to helping our new president in every way possible and am excited about the future under his leadership."