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President-elect Trump announced on Tuesday night that he intends to appoint Linda McMahon, former CEO of World Wrestling Entertainment (WWE), to lead the Department of Education.

His announcement, which was posted on Truth Social, came hours after two sources told Fox News that McMahon was likely to be picked.

"It is my great honor to announce that Linda McMahon, former Administrator of the Small Business Administration, will be the United States Secretary of Education," Trump's statement read.

"As Secretary of Education, Linda will fight tirelessly to expand ‘Choice’ to every State in America, and empower parents to make the best Education decisions for their families," the press release added. "Linda served for two years on the Connecticut Board of Education, where she was one of fifteen members overseeing all Public Education in the State, including its Technical High School system."

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Trump and Linda McMahon

Trump is expected to pick Linda McMahon to lead the Department of Education. (Reuters)

McMahon, who served as administrator of the Small Business Administration in the first Trump administration, is the wife of Vince McMahon. The couple both co-founded WWE in 1980.

"Linda will use her decades of Leadership experience, and deep understanding of both Education and Business, to empower the next Generation of American Students and Workers, and make America Number One in Education in the World," Trump's statement concluded. "We will send Education BACK TO THE STATES, and Linda will spearhead that effort."

McMahon served in the Trump administration from 2017 to 2019. When she resigned, she wrote that the role had been "immensely rewarding."

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Trump shaking Linda McMahon's hand

President Trump shakes hands with Linda McMahon, the outgoing administrator of the Small Business Administration, in Palm Beach, Florida, March 29, 2019. (Reuters/Joshua Roberts)

"While it has truly been the honor of a lifetime to serve our country in this Administration, it is time for me to step down and return to the private sector," McMahon wrote in 2019. "I wish to thank the President and I will continue to be a strong advocate for him and his policies."

Trump has previously floated the idea of disbanding the Department of Education, which began operating in 1980. The agency's website says that its mission is to "promote student achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access for students of all ages."

Former Education Secretary Betsy DeVos told Fox News host Martha MacCallum last week that the Department of Education "doesn't really add any value anywhere. DeVos advised that the opportunity for Trump to radically change the department is "wide open."

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Linda McMahon wearing purple

Linda McMahon, former administrator of Small Business Administration, speaks at the Republican National Convention in Milwaukee, July 18. (Reuters/Mike Segar)

"Take the power away from the Department of Education, block-grant those funds, continue to invest in education, but get it down to a much more local level where better decisions are made on behalf of students," DeVos said. "The bureaucrats at the Department of Education aren't doing the job. They haven't done the job for more than four decades to close the achievement gaps — they've only widened."

Fox News Digital's Joshua Comins contributed to this report.