Linda McMahon, professional wrestling magnate and member of the World Wrestling Entertainment family dynasty, has been named to serve as head of the Small Business Administration in President-elect Donald Trump’s cabinet.

The 68-year-old co-founder and former CEO of WWE ran failed bids in Connecticut for a US Senate seat in 2010 and 2012.

McMahon made the announcement over Twitter after a day of speculation that she would be appointed.

Honored to be appointed by President-Elect @realDonaldTrump to serve as head of @SBAgov advocating for our small businesses & entrepreneurs! — Linda McMahon (@Linda_McMahon) December 7, 2016

Trump applauded McMahon in his announcement of her appointment, noting her contributions to developing the WWE business structure.

"Linda has a tremendous background and is widely recognized as one of the country’s top female executives advising businesses around the globe,” Trump said Wednesday.

MORE: Linda McMahon is a wrestling magnate and member of the #WWE family dynasty https://t.co/f6gpSITfAgpic.twitter.com/zFoUiyu2IX — RT America (@RT_America) December 7, 2016

McMahon is also a co-founder of Women’s Leadership LIVE, an organization for women professionals and entrepreneurs.

What a night! Thrilled to congratulate my friend, President-Elect Donald Trump on a hard-fought campaign and victory. @realDonaldTrumppic.twitter.com/FCpT1sPphR — Linda McMahon (@Linda_McMahon) November 9, 2016

McMahon reportedly donated $6 million to Rebuilding America Now, a pro-Trump super PAC during the 2016 campaign. Trump has long-supported the WWE, and he was inducted into the WWE Hall of Fame in 2013 at the behest of Linda's husband, Vince McMahon, the chairman, CEO and majority owner of WWE.