Puzder to quit CKE if confirmed as Labor chief

Andrew Puzder, President Donald Trump's nominee to lead the Labor Department, plans to step down as CEO of CKE Restaurants if the Senate confirms his nomination.

The fast food executive who leads Carl's Jr. and Hardee's restaurants also said he may give up his 2016 bonus.

"I will not participate personally and substantially in any particular matter in which I know that I have a financial interest directly and predictably affected by the matter," Puzder said in a letter to government ethics officials.

In the letter, Puzder said he would sell holdings in over 200 companies and funds within 90 days of being confirmed. He also said he would divest investment funds and sell back his stock in CKE Restaurants to the company.

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