Trump picks Cantor Fitzgerald CEO Howard Lutnick to be commerce secretary
Washington According to two people familiar with the process, President-elect Donald Trump has announced that he will appoint Howard Lutnick, a billionaire financial services executive and important transition aide, to head the Commerce Department.
In a statement announcing the appointment, Trump said, "He will lead our Tariff and Trade agenda, with additional direct responsibility for the Office of the United States Trade Representative."
The CEO of Cantor Fitzgerald has spearheaded Trump's transition and served as its public face.
What his appointment to a Cabinet position would entail for his future participation in the transition is still unknown.
Lutnick has been a vocal supporter of Trump's program as co-chair of his transition, outlining the president-elect's intentions to utilize...