Trump nominated McMahon in 2016 after he was elected but before he was inaugurated as president.
Small Business Administration head Linda McMahon is expected to leave that job to become the chair of the pro-Trump America First organizations, sources familiar with the matter told CNBC on Friday.
It was not immediately clear when McMahon would announce she is stepping down. But President Donald Trump, speaking to reporters in Florida on Friday, announced that he would hold an event with McMahon at 4 p.m. ET at his Mar-a-Lago resort.
A spokeswoman for America First did not return CNBC’s request for comment. Neither the Small Business Administration nor the White House immediately provided comment to CNBC.
McMahon, 70, and her husband, Vince McMahon, co-founded the company that became World Wrestling Entertainment. They were among then-candidate Trump’s biggest fundraisers in his successful 2016 presidential campaign, donating millions to pro-Trump super PACs.