Donald Trump picking Exxon Mobil CEO Rex Tillerson to be his secretary of State is a sign that the incoming administration, especially the State Department, is open to the idea of businesses being involved in policymaking to a degree, RCH Energy founder Rob Raymond said Tuesday.
"I would argue that over the last eight or 10 years, the State Department has lost sight of the relevance of the business community as it relates to setting policy globally," Raymond told CNBC's "Squawk on the Street."
"I think what President-elect Trump is trying to accomplish here is to reinstate a relationship between the business community and the State Department," he said.
Raymond, the son of former Exxon Mobil chief Lee Raymond, said Tillerson's foreign business connections could also help the United States repair some of its ties abroad.
"Our foreign policy in the Middle East probably has left a lot to be desired, and so given some of his relationships and some of the rebuilding of relationships in the Middle East ... he's probably helpful in some of those aspects as well," Rob Raymond said.