March 29, 2019 / 5:58 PM / 3 months ago

Small Business Administration chief Linda McMahon to step down -official

WASHINGTON, March 29 (Reuters) - Linda McMahon, director of the Small Business Administration, is to announce plans to resign on Friday to return to the private sector, an administration official said.

McMahon, 70, a prolific Republican fundraiser, was one of President Donald Trump’s first nominees to serve in his Cabinet after he won election in November 2016. She was co-founder of the company that became World Wrestling Entertainment.

Trump, without announcing McMahon’s departure plans, said he would appear with her at his Mar-a-Lago retreat in Palm Beach, Florida, at 4 p.m. EDT Friday. The administration official said McMahon’s departure would be announced them. (Reporting By Steve Holland Editing by Chizu Nomiyama)

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