U.S. Treasurer Jovita Carranza, right, joins President Trump, first lady Melania Trump and Labor Secretary Alexander Acosta, left, at the White House during a Hispanic Heritage Month event in October 2017. On Thursday, Trump nominated Carranza to be the next administrator of the Small Business Administration. (Bill O'Leary/The Washington Post/file)

President Trump announced Thursday night that he will nominate current U.S. Treasurer Jovita Carranza, a Latina woman, as the head of the Small Business Administration.

Carranza, who comes from a family of Mexican immigrants, worked as the deputy administrator of that agency during the George W. Bush administration. In June 2017, Trump appointed her as treasurer, which meant her signature was on the nation’s paper currency.

Carranza replaces outgoing SBA Administrator Linda McMahon, who announced her resignation last week and will now work for a super PAC backing Trump’s 2020 reelection campaign.

Trump relayed the news on Twitter: “I am pleased to announce that Jovita Carranza will be nominated as the new @SBAgov Administrator. She will be replacing Linda McMahon, who has done an outstanding job. Jovita was a great Treasurer of the United States – and I look forward to her joining my Cabinet!”

Trump has faced criticism for his mostly white and male cabinet. Carranza will join Labor Secretary Alexander Acosta as one of two Hispanics at the table.