REUTERS-Vincent Viola, an
Army veteran and founder of a high-speed trading firm nominated by U.S.
President Donald Trump to be secretary of the Army, withdrew his name from
consideration on Friday, a U.S. official said.
"Secretary
Mattis is disappointed but understands and respects Mr. Viola's decision,"
a Pentagon statement said, adding that Secretary of Defense Jim Mattis would
recommend another candidate soon.
The Military Times,
which first reported the news, cited Viola's inability to get around Defense
Department rules concerning his family businesses as the reason for withdrawing
his name.
Viola is a former
chairman of the New York Mercantile Exchange and is a leader in electronic
trading. Along with Virtu CEO Douglas Cifu, he bought the Florida Panthers of
the National Hockey League in 2013.
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