Stillwater Mining Company announced that former Montana Gov. Brian Schweitzer has accepted the job as chairman of the board of the company.

This comes less than three weeks from when he and three others were elected to the company’s board after a New York hedge fund grew tired of the company’s management and amid speculation that he will run for the state’s open Senate seat.

Frank McAllister, the current chairman, will remain in a lesser role.

It’s not yet clear how this new job might affect his future political plans. In addition to the 2014 Senate race, Schweitzer, a democrat, is considered a potential presidential candidate.

If Schweitzer jumps into the Senate race, Democrats will be favored to hold retiring Sen. Max Baucus’s (D-Mont.) seat. If he doesn’t, Republicans will likely be favored in a red state.

Stillwater is the only platinum and palladium mining company in the United States. It is Montana’s largest publicly traded company.