- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2024-11-20T16:51:00
President-elect Donald Trump announced Tuesday he plans to appoint Cantor Fitzgerald President and CEO Howard Lutnick to lead the U.S. Commerce Department, as the incoming administration is expected to charge import tariffs against friends and foes.
Trump announced the pick on his social media platform Truth Social, stating that Lutnick will lead the Commerce Department’s tariff and trade agenda, along with having direct responsibility for the Office of the United States Trade Agenda.
Lutnick, who started at financial services giant Cantor Fitzgerald in 1983 and quickly climbed the ladder to become president and CEO at the age of 29, has been a longtime supporter of Trump. Lutnick is also a staunch supporter of the president-elect’s agenda on tariffs and the deregulation of cryptocurrency.
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