“I will take a formal leave of absence from The Trump Organization and my eponymous apparel and accessories brand,” she wrote on her Facebook page. “I will no longer be involved with the management or operations of either company.”
Trump said that Abigail Klem, the chief brand officer at her company, would take over as president and would work with a board of trustees to manage the business. She also said that her brothers would lead the Trump Organization.
For her part, Trump said she would “take time to settle our three young children into their new home and schools” while her husband, Jared Kushner, plans to assume a new role as President-elect Trump’s senior adviser in the White House.
Trump did not say whether or not she would take a position in the White House, which had been the subject of much speculation. Unnamed transition officials had told the Associated Press on Monday that Trump would not take a position in her father's administration, and Vanity Fair had reported that Trump would step down from leadership roles in her own company and the Trump Organization, and would receive fixed payments from the Trump Organization for the revenue from specific projects.
Previously, Trump was criticized for sitting in on a meeting after the election between her father and the Japanese prime minister while her apparel company was finalizing a deal with a Japanese manufacturer, whose parent company’s largest shareholder is a Japanese state bank.
Read Trump's full statement below: