A Pentagon statement said defence secretary James Mattis was “disappointed but understands and respects” Viola’s decision,” adding that it would make another recommendation soon.
The Military Times, which first reported the news, cited Viola’s inability to get around defense department rules concerning his family businesses as the reason for withdrawing his name.
Viola is a former chairman of the New York Mercantile Exchange and is a leader in electronic trading. Along with Virtu chief executive Douglas Cifu, he bought the Florida Panthers of the National Hockey League in 2013.
/The Guardian/
Trump`s army secretary nominee Vincent Viola withdraws as candidate
04 February 2017
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Vincent Viola, an infantry veteran and founder of a high-speed trading firm nominated by Donald Trump to be secretary of the Army, has withdrawn his name from consideration.
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