(CNN)President Donald Trump plans to nominate US Treasurer Jovita Carranza as administrator of the Small Business Administration, replacing Linda McMahon, he announced in a Thursday evening tweet.
Trump to nominate Jovita Carranza as SBA administrator
"I am pleased to announce that Jovita Carranza will be nominated as the new @SBAgov Administrator. She will be replacing Linda McMahon, who has done an outstanding job," Trump wrote, adding, "Jovita was a great Treasurer of the United States -- and I look forward to her joining my Cabinet!"
McMahon, a longtime Trump ally and former professional wrestling executive, is leaving the administration to join his outside political group, America First, two sources familiar with the move confirmed to CNN last week.
Carranza is returning to the SBA, where she previously served as deputy administrator during the George W. Bush administration. She also founded a supply-chain management company, JCR Group. Her career began at United Parcel Service (UPS), where, according to a White House biography, "she started as a part-time, night-shift box handler and worked her way up to be the highest ranking Latina in company history where she served as president of Latin America and Caribbean operations."
If confirmed, Carranza will also be the highest ranking Latina in the Trump administration.
The agency helps American small businesses with lending programs and assists with the government's disaster relief efforts.