President Donald J. Trump today announced his intent to nominate Richard V. Spencer to be Secretary of the Navy.

If confirmed, Richard V. Spencer of Wyoming will serve as Secretary of the Navy. Spencer most recently served as Managing Partner for Fall Creek Management, LLC, an investment company that supports growing and recently restructured companies. Mr. Spencer has served as the Vice Chairman and Chief Financial Officer for Intercontinental Exchange, Inc., President of Crossroads Group, LLC, and spent the previous 12 years in the finance industry. He also serves on the board of directors for multiple corporate and charitable organizations. Mr. Spencer is a graduate of Rollins College, and the Advanced Management Program at Duke University, Fuqua School of Business. He has also served as a U.S. Marine Corps Captain, and spent five years on the Defense Business Board, most recently as Vice Chairman.