Trump's decision, announced on Dec 5 by his transition office, comes as the real estate mogul continues a series of interviews, meetings with aides and other deliberations aimed at forming his administration.
Trump announced that he planned to nominate former Goldman Sachs executive Steven Mnuchin as his Treasury secretary and billionaire investor Wilbur Ross to lead the Commerce Department.
Trump chose Betsy DeVos to be secretary of education and Elaine Chao, the wife of Senate Republican Leader Mitch McConnell, to be transportation secretary.
Trump also has turned to retired Marine Gen. James Mattis to be secretary of defence.