By JULIE PACE, The ASSOCIATED PRESS

WASHINGTON — A White House official says President Barack Obama on Thursday will nominate Mary Jo White as chair of the Securities and Exchange Commission.

White served for nearly a decade as the U.S. attorney for the Southern District of New York, specializing in prosecuting white collar crimes. White House officials say White's experience in New York will be essential as the administration implements Wall Street reform.

The official also says that Obama on Thursday will renominate Richard Cordray to lead the Consumer Financial Protection Bureau. The president used a recess appointment to circumvent Congress and install Cordray to the post last year. That appointment runs out later this year.

The official spoke on the condition of anonymity in order to speak ahead of Obama's announcement

Earlier on HuffPost:

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  • <strong>Joe Biden, Vice President </strong> (Win McNamee/Getty Images)

  • <strong>John Kerry, Secretary of State </strong> (Chip Somodevilla/Getty Images)

  • <strong>Jack Lew, Secretary of the Treasury </strong> (Jessica McGowan/Getty Images)

  • <strong>Chuck Hagel, Secretary of Defense </strong> (Alex Wong/Getty Images)

  • <strong>Eric Holder, Attorney General </strong> (Photo by Chris Graythen/Getty Images)

  • <strong>Sally Jewell, Secretary of the Interior </strong> (Photo by Ethan Miller/Getty Images)

  • <strong>Tom Vilsack, Secretary of Agriculture </strong> (SAUL LOEB/AFP/GettyImages)

  • <strong>Penny Pritzker, Secretary of Commerce </strong> (AP Photo/J. Scott Applewhite)

  • <strong>Thomas Perez, Secretary Of Labor </strong> (SAUL LOEB/AFP/Getty Images)

  • <strong>Kathleen Sebelius, Secretary of Health and Human Services </strong> (Kris Connor/Getty Images)

  • <strong>Shaun Donovan, Secretary of Housing and Urban Development </strong> (Photo by Win McNamee/Getty Images)

  • <strong>Anthony Foxx, Secretary of Transportation </strong> (Drew Angerer/Getty Images)

  • <strong>Ernest Moniz, Secretary of Energy </strong> (AP Photo/Susan Walsh, File)

  • <strong>Arne Duncan, Secretary of Education </strong> (Olivier Douliery-Pool/Getty Images)

  • <strong>Eric Shinseki, Secretary of Veterans Affairs </strong> (SAUL LOEB/AFP/Getty Images)

  • <strong>Rand Beers, Acting Secretary Of Homeland Security </strong> (Photo by Alex Wong/Getty Images)

  • <strong>Denis McDonough, White House Chief of Staff (Cabinet-rank) </strong> (Cliff Owen/AP)

  • <strong>Gina McCarthy, EPA Administrator </strong> (MANDEL NGAN/AFP/Getty Images)

  • <strong>Sylvia Matthews Burwell, Office of Management & Budget Director </strong> (AP Photo/Carolyn Kaster, File)

  • <strong>Michael Froman, U.S. Trade Representative </strong> (NICHOLAS KAMM/AFP/Getty Images)

  • <strong>Samantha Power, U.S. Ambassador to the United Nations (Cabinet-rank) </strong> (AP Photo/Charles Dharapak)

  • <strong>Jason Furman, Council Of Economic Advisers Chairman </strong> (Photo by Alex Wong/Getty Images)