Richard V. Spencer
Richard Vaughn Spencer (born January 18, 1954) is an American politician and businessman who currently serves as the 76th United States Secretary of the Navy. He previously was simultaneously serving as Acting United States Secretary of Defense and then Acting United States Deputy Secretary of Defense. Spencer served in the U.S. Marine Corps from 1976 to 1981 as a Marine Aviator and also served as Vice Chairman and Chief Financial Officer of Intercontinental Exchange from November 2001 to January 2008.
|76th United States Secretary of the Navy|
|Assumed office |
August 3, 2017*
|Preceded by||Ray Mabus|
|Acting United States Deputy Secretary of Defense|
July 23, 2019 – July 31, 2019
|Preceded by||David Norquist (acting)|
|Succeeded by||David Norquist|
|Acting United States Secretary of Defense|
July 15, 2019 – July 23, 2019
|Deputy||David Norquist (acting)|
|Preceded by||Mark Esper (acting)|
|Succeeded by||Mark Esper|
|Born||January 18, 1954|
Waterbury, Connecticut, U.S.
|Education||Rollins College (BA)|
|Branch/service||United States Marine Corps|
|Years of service||1976–1981|
|*Thomas Modly served in an acting capacity from July 15, 2019 – July 31, 2019 while Spencer served as Acting Secretary and Acting Deputy Secretary.|
Born in 1954 in Waterbury, Connecticut, Spencer attended Rollins College as an undergraduate, majoring in economics. After graduating, he joined the United States Marine Corps, serving as a Marine Aviator from 1976 to 1981.
After leaving the Marines as a captain, he worked on Wall Street for 15 years, holding positions at Goldman Sachs, Bear Stearns, Donaldson, Lufkin & Jenrette, A. G. Becker, Paine Webber and Merrill Lynch. Spencer served on the Defense Business Board, a Pentagon advisory panel, from 2009 to 2015 and on the Chief of Naval Operations Executive Panel. During his time on the Defense Business Board, he proposed shutting down domestic military commissaries in favor of negotiated military discounts at public retailers.
In June 2017, President Donald Trump nominated Spencer to serve as the 76th United States Secretary of the Navy. Spencer was confirmed by the United States Senate on August 1, 2017. He was then sworn in on August 3, 2017.
On July 15, 2019, he assumed the duties of acting Secretary of Defense and expected "to continue to serve in this role until a Secretary of Defense nominee is confirmed by the Senate and assumes office. At that time, I will continue to serve as Secretary of the Navy." He assumed the duties of Deputy Secretary of Defense on July 23, 2019.
- "Letter from Acting Secretary of Defense Richard V. Spencer to Pentagon". news.usni.org. July 15, 2019. Archived from the original on July 23, 2019. Retrieved July 23, 2019.
- "Appointments and Resignations - Secretary of the Navy: Who Is Richard Spencer? - AllGov - News". AllGov. Archived from the original on July 10, 2017. Retrieved August 7, 2017.
- U.S. Navy. "U.S. Navy Biographies - Richard V. Spencer". Retrieved July 27, 2018.
- Chandrasekaran, Rajiv (May 1, 2013). "Commissary plan, backlash show difficulty of cutting military personnel spending". Washington Post. Archived from the original on July 28, 2018. Retrieved July 27, 2018.
- "Stocks". Archived from the original on May 8, 2017. Retrieved April 10, 2017.
- "President Trump moves to fill out top ranks at Pentagon". TheHill. Archived from the original on April 9, 2017. Retrieved May 2, 2017.
- Klimas, Jacqueline (March 9, 2017). "Reports: Former Marine Richard V. Spencer to be nominated for Navy secretary". The Washington Examiner. Archived from the original on March 24, 2017. Retrieved August 21, 2017.
- "Newswire Bloomberg reported Trump offered Spencer the job on Thursday." Archived August 2, 2017, at the Wayback Machine (March 9, 2017)
- LaGrone, Sam (August 1, 2017). "Senate Confirms Richard V. Spencer as SECNAV, Ellen Lord as Pentagon Acquisition Chief". USNI News. Archived from the original on August 8, 2017. Retrieved August 7, 2017.
- Drew, Jonathan (August 3, 2017). "Marine Vet Richard V. Spencer Takes Over as Navy Secretary". Military.com. Archived from the original on September 20, 2017. Retrieved September 27, 2017.
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