(Bloomberg) -- President Trump named a former assistant attorney general during the George W. Bush administration R. Alexander Acosta as his new nominee for labor secretary.
R. Alexander Acosta replaces Trump’s first nominee for the position, Andy Puzder, who withdrew his name Wednesday amid controversy over his personal life and business background.
As chief of the Labor Department, Acosta would have to contend with a multitude of issues, which could include deciding the fate of the fiduciary rule. Trump recently asked the department to reexamine the regulation and possibly rescind it.
“He’s intense, hardworking, but I think in contrast to Puzder, he’s going to get things done more quietly,” said Tammy McCutcheon, who served as administrator of the Wage and Hour Division of the Labor Department during the Bush administration. “He will be quietly efficient. I don’t think you’ll see a lot of difference in his policy positions from Puzder.”
Acosta, the first Hispanic Trump has chosen for his cabinet, met with the president Wednesday evening, a White House official said. He served as assistant attorney general for the Civil Rights Division under President George W. Bush, was U.S. attorney for the Southern District of Florida and is a former National Labor Relations Board member. He clerked for Supreme Court Justice Samuel Alito when he was an Appeals Court judge.
Acosta is currently the dean of Florida International University and the chairman of U.S. Century Bank.
Puzder, a fast-food executive who had been scheduled for a Senate confirmation hearing Thursday, ran into trouble in the Senate over his admission that he employed an undocumented housekeeper. Also shadowing his nomination were divorce-court proceedings that included a domestic-abuse allegation. Some conservatives had questioned his pro-immigration stance.
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The industry rivals could still turn to FINRA arbitration to pursue their dispute over allegedly unwarranted data breach notices Ameriprise sent LPL customers.
Simon Randall is the CEO and co-founder of Pimloc, an AI company changing how global organizations can responsibly manage video content while maintaining public trust. Before Pimloc, he led the OMG Life team to develop and launch the world's first intelligent wearable camera and its associated technology platform licensing, before spinning out the visual classification side of the business to create Pimloc in 2017. He previously worked for a range of global businesses in London, Sydney and Istanbul, bringing with him a wealth of consumer tech experience including 12 successful years at Nokia across go-to-market, marketing, business strategy, insight and planning, global online sales, global performance marketing and product development areas. Prior to Nokia, he worked in a range of creative hot-houses and strategic consultancies across the beverages, banking and tech sectors.
In the 52-48 Senate, three Republican defections would have doomed Puzder if all 48 Democrats voted to deny him, and as many as a dozen GOP senators had indicated they wouldn’t back the nomination.
Trump has already lost one senior member of his administration: He dismissed Mike Flynn as national security adviser on Monday because the administration said he may have misled the president and vice president about his communications with a Russian envoy.
