Billionaire Wilbur Ross sworn in as Commerce secretary

Wilbur Ross secretary of commerce
Hilary Ross, center, watches as Vice President Mike Pence swears-in new Commerce Secretary Wilbur Ross, Tuesday, Feb. 28, 2017, in the Vice President's ceremonial office in the Eisenhower Executive Office Building on the White House complex in Washington. (AP Photo/Evan Vucci)

WASHINGTON (AP) — President Donald Trump has a Commerce secretary.

Vice President Mike Pence has administered the oath of office to Wilbur Ross on Tuesday, a day after the Senate voted 72-27 to confirm him.

Ross will help promote American business interests in the U.S. and abroad. He’ll also oversee agencies that manage fisheries, weather forecasting and the Census Bureau, which will conduct the next national headcount in 2020.

Ross has said the administration will work quickly to renegotiate the North American Free Trade Agreement with Canada and Mexico.

The 79-year-old Ross is worth an estimated $2.9 billion and has extensive business ties around the world. He has promised not to take any action as secretary that would benefit any company in which he has a financial interest.