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CEOWORLD magazine - Latest - Banking and Finance - Donald Trump Picks Billionaire Stephen Feinberg and Elbridge Colby for Key Defense Roles

Banking and Finance

Donald Trump Picks Billionaire Stephen Feinberg and Elbridge Colby for Key Defense Roles

President-elect Donald Trump

President-elect Donald Trump has made decisive moves by announcing his selections for two vital defense positions. Billionaire investor Stephen Feinberg will take on the role of Deputy Secretary of Defense. As the co-chief executive of Cerberus Capital Management LP, a private equity firm he established in 1992, Feinberg brings significant experience to the position, having also served on an intelligence advisory board during Trump’s first term from 2017 to 2021.

Feinberg will serve as the second-highest official at the Pentagon, collaborating closely with Trump’s chosen Secretary of Defense, Pete Hegseth. Additionally, Trump has nominated Elbridge Colby for the crucial role of Undersecretary of Defense for Policy, making him the Pentagon’s No. 3 official. Colby, a strong advocate for a tough stance on China, previously held a senior position within the Pentagon during Trump’s first term. These strategic appointments are key components of Trump’s plan to reshape the Department of Defense effectively.

  • Pete Hegseth will be the next Secretary of Defense
  • Stephen Feinberg will be the next Deputy Secretary of Defense.
  • Elbridge “Bridge” Colby will be the next Under Secretary of Defense for Policy.
  • Michael Duffey will be the next Under Secretary of Defense for Acquisition & Sustainment.
  • Emil Michael will be the next Undersecretary of Defense for Research and Engineering

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CEOWORLD magazine - Latest - Banking and Finance - Donald Trump Picks Billionaire Stephen Feinberg and Elbridge Colby for Key Defense Roles
Frank Brown
Senior Writer at CEOWORLD Magazine. I am an experienced business journalist and commentator, currently senior business writer and consulting editor for the Executive Council of CEOWORLD Magazine. I have held a number of senior leadership and strategic roles at the CEOWORLD Magazine, heading teams in London and New York, and have spearheaded important editorial projects and events.