President-elect Donald Trump intends to nominate Steven Mnuchin for Secretary of the Treasury and Wilbur Ross for Secretary of Commerce.
Trump will also nominate Todd Ricketts for Deputy Secretary of Commerce, according to a press release from his transition team on Wednesday.
“This team will be instrumental in implementing the President-elect’s America First economic plan that will create more than 25 million jobs over the next decade,” reads the press release announcing the intended nominations.
Mnuchin, who graduated from Yale University, worked as Chief Information Office for Goldman Sachs and most recently served as Trump’s campaign finance director. He has extensive experience with finances, investment and trade.
“Steve Mnuchin is a world-class financier, banker and businessman, and has played a key role in developing our plan to build a dynamic, booming economy that will create millions of jobs,” Trump praised in the press release. “His expertise and pro-growth ideas make him the ideal candidate to serve as Secretary of the Treasury. He purchased IndyMac Bank for $1.6 billion and ran it very professionally, selling it for $3.4 billion plus a return of capital. That’s the kind of people I want in my administration representing our country.”
“I am honored to have the opportunity to serve our great country in this important role. I understand what needs to be done to fix the economy. I look forward to helping President-elect Trump implement a bold economic agenda that creates good-paying jobs and defends the American worker,” stated Mnuchin.
Ross, who attended Yale University and Harvard University, will be nominated for the administration’s U.S. Department of Commerce. He previously served as Trump’s economic advisor on trade policy. According to Trump’s transition team’s press release, Ross has grown jobs in several industries including: textiles, coal, steel and telecommunications.
“Wilbur Ross is a champion of American manufacturing and knows how to help companies succeed. Most importantly, he is one of the greatest negotiators I have ever met, and that comes from me, the author of The Art of the Deal. Together, we will take on the special interests and stand up for American jobs,” stated Trump. “Wilbur knows that cutting taxes for working families, reducing burdensome government regulations and unleashing America’s energy resources will strengthen our economy at a time when our country needs to see significant growth. I am proud to nominate him as Secretary of Commerce.”
“I am delighted to have been selected to join President-elect Trump’s Cabinet and look forward to working especially closely with Steve Mnuchin to implement the economic programs which we have developed jointly to implement the President-elect’s strategy for accelerating our economic growth,” Ross stated.
Ricketts, who is co-owner of the Chicago Cubs, was Trump’s pick for Deputy Commerce Secretary.
He graduated from Loyola University in Chicago and is the son of Joe Ricketts, who founded Ameritrade.
“Todd Ricketts is an immensely successful businessman with unparalleled knowledge of the finance industry,” Trump said. “As Deputy Commerce Secretary he will help us cut waste and streamline government so that it works for the people of America. The incredible job he and the Ricketts family did in the purchase and turnaround of the Chicago Cubs – one perfect step after another, leading to the World Championship, is what I want representing our people. I am very proud to have him on our team.”
“I am honored that President-elect Donald J. Trump has asked me to serve our country at this critical juncture in our history. Advancing practical policies that promote economic opportunity is critical to making America great again. I’m eager to begin this important work and serving with Wilbur Ross to implement President-elect Trump’s economic agenda, which will improve the lives of all Americans,” Ricketts stated.