WASHINGTON (AP) — President-elect Donald Trump on Tuesday said Elon Musk and former GOP presidential candidate Vivek Ramaswamy will lead a new “Department of Government Efficiency” — which is not, despite the name, a government agency.

The new organization isn't an official department. It is charged with working from the outside of the government to offer the White House “advice and guidance."

A biotech entrepreneur with origins in Ohio — who at one point competed with Donald Trump for the White House — is now taking a seat at his cabinet’s table. On Tuesday, Trump appointed Vivek Ramaswamy to co-head a new “Department of Government Efficiency” with fellow billionaire Elon Musk.