Northern Wyoming Daily News - Serving the Big Horn Basin for over 100 years

Wyoming man nominated for US Navy secretary


June 7, 2017

JACKSON (AP) — A Wyoming man could be the next U.S. Navy secretary.

President Donald Trump on Tuesday nominated Richard Spencer, of Wilson, for the job.

The Jackson Hole News & Guide reports Spencer is 63 and served on the Pentagon’s Defense Business Board from 2009 to 2015. He previously was an adviser to the chief of naval operations.

He was a pilot in the U.S. Marines from 1976 to 1981.

Spencer and his wife have lived south of Wilson full-time since 2009. He says the way he sees the Navy’s mission seems to fit what the president believes.

According to the Associated Press in Washington, Spencer is a former financial industry executive. Spencer is also a former Marine Corps captain.

The White House said last week before the official nomination that Spencer most recently was managing partner of Fall Creek Management, a privately held management consulting company in Wyoming.

Spencer also was vice chairman and chief financial officer for Intercontinental Exchange Inc., a financial market company, and president of Crossroads Group, a venture capital firm that was bought by Lehman Brothers in 2003.

Trump’s first choice for Navy secretary, businessman Philip Bilden, withdrew from consideration in February. Bilden cited privacy concerns and the difficulty of separating from his business interests.

The Senate must approve of Spencer’s nomination.


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