Trump Picks Founders Fund's Ken Howery as Ambassador to Sweden

Howery was the first chief financial officer for PayPal
Nominees for ambassadorships must be confirmed by U.S. Senate

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By Mike Dorning and Lizette Chapman

October 16, 2018 at 10:40 PM UTC

Updated on

October 16, 2018 at 11:56 PM UTC

This article is for subscribers only.

President Donald Trump announced plans Tuesday to nominate Founders Fund partner and PayPal co-founder Ken Howery as U.S. ambassador to Sweden, the White House said in a statement.

Howery was PayPal Holdings Inc.’s first chief financial officer and started Founders Fund, a San-Francisco-based venture capital firm, with former PayPal chief executive officer Peter Thiel. Thiel was a member of Trump’s transition team and has been a vocal supporter and financial backer of the president.