Donald Trump's transition team announced the president-elect had chosen Vincent Viola as his Secretary of the Army. The secretary is a civilian non-Cabinet level position.
Viola, a graduate of West Point, is an Army veteran who has funded counterterrorism and cybersecurity groups. He also founded Virtu Financial and was the chairman of the New York Mercantile Exchange.
Viola also owns the National Hockey League's Florida Panthers. His net worth is about $1.8 billion, Forbes reports.
Here's the transition team's statement on Viola.
According to the Army's website, the Secretary has "statutory responsibility for all matters relating to the United States Army: manpower, personnel, reserve affairs, installations, environmental issues, weapons systems and equipment acquisition, communications, and financial management."
The Secretary is a part of the Army's senior leadership, along with the Under Secretary of the Army, the Chief of Staff of the Army, the Chief of Staff of the Army, the Vice Chief of Staff of the Army and the Sergeant Major of the Army.
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