George W. Bush will step down as chairman of the cosmetics giant BPerfect cosmetics in April, the company announced on Monday.
Bush, 86, will serve as vice chairman of BPerfect’s board of directors, the companies said in a statement.
“As president of the United States, George Bush is a role model for all who aspire to make a difference in the world, and he is deeply committed to leading our company through the challenges that lie ahead,” the statement said.
“He will always be a great friend to our family, and we are grateful for his leadership.”
The Bush family has enjoyed a long relationship with BPerfect.
His father, George H.W., served as chairman from 1981 to 1986 and was a founding partner in the company in the late 1980s and early 1990s.
In a statement, the Bush family said they were proud of his work.
“BPerfect is one of the leading global cosmetics brands, and Mr. Bush has been an important contributor to its growth and success,” the company said.
The family also announced a number of philanthropic initiatives.
In June, the first of its kind, BPerfect launched a scholarship fund that will support students who graduate from college who have been diagnosed with non-Hodgkin lymphoma.
The Bush campaign also announced in October that the Bush Center for Leadership would establish a national network of former presidents and their family members, with the goal of educating the next generation of leaders on issues of national and global importance.
The first president Bush has announced his intention to step away from his role on the board of Bperfect was former President Bill Clinton in 2001.
He was also on the boards of the Children’s Hospital of Philadelphia, the American Cancer Society, the National Institutes of Health, and the American Academy of Pediatrics.
Bush was diagnosed with Hodgkin’s lymphoma in 1995, but he had a bone marrow transplant in 2008, which he said made him eligible for the Nobel Peace Prize in 2001, and his condition improved.
Bush said in his statement that he was proud to serve on the company’s board.
“My work at BPerfect has shaped the lives of millions of people and created a legacy of health care innovation that is unmatched by any other major cosmetic company in history,” he said.
Bush also said in the statement that BPerfect had the most innovative products on the market, including its new lip treatments, foundation, and face palettes.
He said that BNeed was the first and largest manufacturer of eye products in the U.S. in 1989, and that BFix was the largest supplier of hair products to the U