(CNN) President Donald Trump will name Larry Kudlow, the conservative media analyst who served as his informal economic adviser during the 2016 campaign, as the next head of the White House National Economic Council, two sources familiar with the decision tell CNN.

Trump offered Kudlow the job Tuesday night over the phone and he accepted, the source said.

White House press secretary Sarah Sanders later confirmed Kudlow's hire in a statement to reporters.

"Larry Kudlow was offered, and accepted, the position of assistant to the President for Economic Policy and Director of the National Economic Council," Sanders said. "We will work to have an orderly transition and will keep everyone posted on the timing of him officially assuming the role."

Trump tweeted on Thursday morning that with Kudlow in his administration, "Our country will have many years of Great Economic & Financial Success, with low taxes, unparalleled innovation, fair trade and an ever expanding labor force leading the way!"

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