McMahon unsuccessfully ran for the U.S. Senate in 2009 and 2010.
She also founded Womens Leadership Live, a startup aimed at boosting opportunities for women in the business world.
The decision comes just a week after Trump met with McMahon to discuss job creation.
Credit: Noam Galai/WireImage
According to Trump, McMahon is a champion for small businesses.
Her appointment was also critiqued by others.
See those Tweets, as well as video of one of McMahons performances in the ring, below.
