Former Congressman George Holding Joins Trump Media Board
Rhea-AI Summary
Trump Media and Technology Group (Nasdaq: DJT) announced the appointment of former Congressman George Holding to its Board of Directors, replacing Linda McMahon who stepped down to become Secretary of Education in the Trump Administration.
Holding, currently a Managing Director of Government Relations at Blackstone, Inc, brings extensive experience from his congressional tenure (2013-2021) where he served on multiple committees including Ways and Means, Judiciary, Foreign Affairs, Budget, and Ethics. Prior to Congress, he served as a United States Attorney and held various legal positions.
TMTG CEO Devin Nunes highlighted that Holding's legal background and congressional experience will bring valuable perspective as the company plans to diversify into new industries and explore potential mergers and acquisitions. The company operates Truth Social, Truth+ streaming platform, and Truth.Fi FinTech brand.
Positive
- Board strengthened with appointment of experienced former Congressman with extensive legal and regulatory expertise
- Company signals strategic growth through planned industry diversification and M&A activities
Negative
- Loss of experienced board member Linda McMahon
News Market Reaction – DJT
On the day this news was published, DJT declined 11.47%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Holding Fills Vacancy Left by Education Secretary Linda McMahon
SARASOTA, Fla., March 07, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Trump Media and Technology Group Corp. (Nasdaq: DJT) ("TMTG"), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, has voted to appoint former Congressman George Holding to the TMTG Board of Directors.
On the Board, Mr. Holding will replace Linda McMahon, who stepped down upon her appointment as Secretary of Education in the Trump Administration.
TMTG CEO and Chairman Devin Nunes said, "Linda was a fantastic, hard-working board member, and we appreciate her commitment to our mission and all the contributions she made to the company. Based on her long track record of success throughout her career, we have no doubt she will excel as Secretary of Education and as a member of President Trump’s Cabinet. Concurrently, the Board extends a warm welcome to George Holding. With his extensive experience as a congressman and his wide-ranging legal background, George will bring a valued, fresh perspective to the Board as TMTG strives to fulfill its plan to diversify into new industries and explore possible mergers and acquisitions."
Since 2021, Mr. Holding has worked as a Managing Director of Government Relations for Blackstone, Inc, where he advises on geopolitics, performs due diligence, and engages with policymakers. He previously served as a Member of Congress from 2013 to 2021, serving on the Ways and Means Committee, Judiciary Committee, Foreign Affairs Committee, Budget Committee, and Ethics Committee. Prior to his election, he served as a United States Attorney, First Assistant United States Attorney, counsel to a United States Senator, and clerk for a U.S. District Court judge, as well as a lawyer in private practice. Mr. Holding has handled a wide variety of issues relating to tax, trade, healthcare, foreign affairs, national security, and intellectual property.
About TMTG
The mission of TMTG is to end Big Tech's s assault on free speech by opening up the Internet and giving people their voices back. TMTG operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations, as well as Truth+, a TV streaming platform focusing on family-friendly live TV channels and on-demand content. TMTG is also launching Truth.Fi, a financial services and FinTech brand incorporating America First investment vehicles.
Investor Relations Contact
Shannon Devine (MZ Group | Managing Director - MZ North America)
Email: shannon.devine@mzgroup.us
Media Contact
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