Complex sentence: In 1998 Hochberg became deputy administrator of the Small Business Administration; he later became the organization's acting administrator and remained in post until January 2001, serving also on US President Bill Clinton's Management Council.
Split into simpler sentences: In 1998 Hochberg became deputy administrator of the Small Business Administration, later becoming the organization's acting administrator. He remained in post at the SBA until January 2001, serving also on US President Bill Clinton's Management Council.