More than two years into the Trump administration, the long-vacant post of U.S. chief technology officer will be filled. Bloomberg first reported that today Trump is elevating Michael Kratsios, current deputy U.S. CTO, to the nation’s top tech position. Prior to his experience within the Trump administration, Kratsios served as chief of staff at Peter Thiel’s investment firm Thiel Capital and as chief financial officer at another Thiel project, the hedge fund Clarium Capital.

The U.S. CTO role was created during the Obama years and three CTOs have served to date, the last of which was former Googler Megan Smith, known for leading early acquisitions at Google before her move to Google.org.

The CTO position advises the president on tech issues, works to shape tech policy and importantly serves as a link to the private sector. In contrast with his predecessors, Kratsios brings a distinct venture capital-colored perspective to the role, which sits within the White House Office of Science and Technology Policy.