NAB Chief Operating and Financial Officer Janet McGregor will run the association until the NAB names Rehrs replacement, according to NAB spokesman Dennis Wharton, who added that Rehr plans to remain with the NAB temporarily.
McGregor joined the NAB in October 2008 after serving as president and CEO of Lockheed Martin Investment Management Co. She began her career in 1979 in the treasurers organization of the Martin Marietta Corp., which later merged with Lockheed.
McGregor, who has not given extensive political contributions, most recently contributed $1,000 on Jan. 26 to then-Republican Sen. Arlen Specters (Pa.) campaign committee, according to Federal Election Commission records.
Vice President Joe Biden waits to conduct a mock swearing-in ceremony with Sen. Brian Schatz, D-Hawaii, in the Capitol's Old Senate Chamber, December 2, 2014. Schatz was sworn in to serve the remainder of his term since he was appointed to the seat after Sen. Daniel Inouye, D-Hawaii, passed away.