Democratic gubernatorial candidate Terry McAuliffe gave up his role as chairman in GreenTech Automotive in December, severing ties with the company he started and touts as part of his business background, Politico reported Friday.
McAuliffe has been asked about the Mississippi-based electric car company for months, but he did not mention that he was no longer GreenTech's chairman. Most of the questions have surrounded the decision to locate the company outside the state and criticism that it hasn't created the jobs or cars McAuliffe promised it would.
According to Politico, on Dec. 1, several weeks after McAuliffe announced he was running for governor of Virginia, GreenTech Automotive CEO Charles Wang accepted McAuliffe's resignation as chairman of the company. A recent financial disclosure statement shows McAuliffe still owns more than $250,000 in GreenTech stock.
Attorney General and Republican gubernatorial candidate Ken Cuccinelli called McAuliffe's decision to step down "an admission of failure where he has been claiming success."
"McAuliffe believes his business acumen qualifies him to be governor of the commonwealth and this revelation completely invalidates the central premise of his candidacy," Cuccinelli said.
McAuliffe's campaign shot back that leaving the company demonstrates his commitment to the race.
"Unlike Ken Cuccinelli, who broke with Virginia tradition and continues to accept a full-time taxpayer salary for being a part-time Attorney General, Terry has been focused on running for Governor full-time as he travels around the Commonwealth to hear the best mainstream ideas to grow Virginia's economy," spokesman Josh Schwerin said.