As Julius Genachowski winds down his five-year term as Chairman of the FCC, rumors of his successor are in full swing. Now, Engadget has confirmed with a White House official that President Obama will nominate industry veteran, Tom Wheeler, for the position, in an announcement that will come tomorrow. According to Wheeler's profile on his personal blog, he currently identifies himself as a venture capitalist and sits on the boards of Roundbox, UpdateLogic, Twisted Pair Solutions, EarthLink and TNS. Wheeler's history in the cable and wireless industry spans decades. He served as president of the National Cable Television Association (NCTA) from 1979 to 1984, and later took the helm of the CTIA as its president and CEO from 1992 until 2003. According to Politico, Wheeler shares close ties with the Obama administration, and is said to have raised hundreds of thousands of campaign dollars for the President's two bids at the White House. Pending confirmation, Mignon Clyburn, will serve as interim chairman until a new leader is appointed.