"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 in a statement. "She helped grow WWE from a modest 13-person operation to a publicly traded global enterprise with more than 800 employees in offices worldwide.
"Linda is going to be a phenomenal leader and champion for small businesses and unleash America's entrepreneurial spirit all across the country."
Linda McMahon, who donated millions for President-elect Donald Trump's campaign this year, met with Trump in Manhattan last week and noted that they "had a really good conversation."
"Anytime the president-elect of the United States asks you to come in for a conversation, you're happy to do that," she told reporters after last week's meeting. "We talked about business and entrepreneurs and creating jobs, we had a really good conversation."
damien demento, Kyle Smith, Michael Neves, Bob Lendzinski and Lonny Barker contributed to this article.