Andrew Puzder after meeting with then President-elect Donald Trump at Trump NationReuters

Fast-food chain executive AndrewPuzderformally withdrew his name from consideration to be U.S. Secretary of Labor on Wednesday amid mounting concerns he could not win enough Republican support to get confirmed by the U.S. Senate.

“After careful consideration and discussions with my family, I am withdrawing my nomination for Secretary of Labor,"Puzdersaid in a statement.

"While I won't be serving in the administration, I fully support the President and his highly qualified team."