Bill Daley joins CBS News as contributor

Bill Daley won’t be running for governor of Illinois, but he is going to give broadcast journalism a try.

The former White House chief of staff has joined CBS News as a contributor. The announcement was made Monday by CBS News chairman and “60 Minutes” executive producer Jeff Fager and CBS News President David Rhodes.

“Daley will bring his vast experience in politics, business and economics to CBS News,” reads a press release announcing the appointment, effective immediately.

Sun-Times columnist Michael Sneed talked to Daley about his new gig last week.

“I am not a correspondent, just a contributor . . . sort of like what [former Secretary of State] Condi Rice did when she left the Bush White House,” Daley told Sneed.

Before serving as chief of staff to President Obama, Daley was an executive at JPMorgan Chase, serving as vice chair, chairman of the Midwest region and head of the Office of Corporate Responsibility. Previously he was president of SBC Communications.

Daley also held the post of campaign chairman for Vice President Al Gore’s 2000 presidential election. He served as U.S. Secretary of Commerce under President Clinton and also was Clinton’s Special Counsel, focusing on international trade issues.

Earlier in his career, he was a partner at the Chicago law firm Mayer, Brown & Platt and President and COO of Amalgamated Bank of Chicago.

Last month he dropped out of the governor’s race because, as one friend put it, he didn’t have “fire in the belly.”