Kelly Loeffler

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Kelly Loeffler
United States Senator-designate
from Georgia
Assuming office
January 3, 2020
Appointed byBrian Kemp
SucceedingJohnny Isakson
Personal details
Born
Kelly Lynn Loeffler

(1970-11-27) November 27, 1970 (age 49)
Bloomington, Illinois, U.S.
Political partyRepublican
Spouse(s)
Jeffrey Sprecher (m. 2004)
EducationUniversity of Illinois at Urbana–Champaign (BS)
DePaul University (MBA)

Kelly Lynn Loeffler (/ˈlɛflər/; born November 27, 1970) is an American businesswoman and politician who is the United States Senator-designate for Georgia. She is also the chief executive officer (CEO) of Bakkt, a subsidiary of commodity and financial service provider Intercontinental Exchange, and the co-owner of the Atlanta Dream in the Women's National Basketball Association (WNBA). Loeffler was selected as the successor to incumbent Senator Johnny Isakson on December 4, 2019.[1]

Early life and career[edit]

Loeffler was born in Bloomington, Illinois and raised on a nearby corn and soybean farm in Stanford, Illinois, where she weeded the fields as a child.[2][3] In 1988, Loeffler graduated from Olympia High School in Stanford where she participated in the varsity girl's basketball, cross country, and track and field teams. Loeffler graduated with a Bachelor of Science in marketing from the University of Illinois at Urbana–Champaign's Gies College of Business in 1992.[4] She worked for Toyota[5] and then earned a Master of Business Administration (MBA) in international finance and marketing from DePaul University's Kellstadt Graduate School of Business in 1999.[3][4] She worked for Citibank, William Blair & Company, and the Crossroads Group after earning her MBA.[6]

In 2002, Loeffler joined Intercontinental Exchange, a commodity and financial service provider.[7] She became the vice president of investor relations and corporate communications.[8] Loeffler bought a minority stake in the Atlanta Dream of the Women's National Basketball Association (WNBA) in 2010.[3] Mary Brock and Loeffler purchased the Atlanta Dream from Kathy Betty in 2011.[8][9] She became the chief executive officer (CEO) of Bakkt, a subsidiary of Intercontinental Exchange, in 2018.[10]

Political career[edit]

According to the non-partisan Center for Responsive Politics, Loeffler and her husband have donated $3.2 million to political committees. while the majority of these donations have gone to the Republican Party, some donations have gone to Democrats, including David Scott, who received $10,200.[11] Loeffler donated $750,000 to Restore Our Future, a Super PAC supporting former Governor Mitt Romney's 2012 presidential campaign.[2] The National Republican Senatorial Committee received $247,500 from Loeffler and her husband as well.[11]

Loeffler first considered a run for office in 2014. She toyed with seeking the Republican nomination in the 2014 United States Senate election in Georgia, but ultimately passed on the race because of Intercontinental Exchange's pending merger with the New York Stock Exchange.[12]

In November 2019, Loeffler applied to succeed incumbent Senator Johnny Isakson, who had announced his resignation from the United States Senate, effective December 31, for health reasons, after being re-elected in 2016. She has stated her intention to run in the 2020 special election to complete Isakson's term.[2] Later that month, The Atlanta Journal-Constitution reported that Loeffler was Governor Brian Kemp's choice for the seat, and he announced on December 4 that he would appoint her when the seat becomes vacant.[13][14][15] Loeffler plans to spend $20 million of her own money on her 2020 campaign.[16]

Personal life[edit]

In 2004, Loeffler married Intercontinental Exchange founder and CEO Jeffrey Sprecher.[7] They reside in Tuxedo Park, Atlanta,[17] in a $10.5 million 15,000-square-foot (1,400 m2) estate named Descante, bought in the most expensive real estate transaction ever in Atlanta.[5]

References[edit]

  1. ^ Georgia’s Kemp ignores Trump, appoints new Republican senator Steve Benen, MSNBC, Dec 4, 2019
  2. ^ a b c Bluestein, Greg (November 18, 2019). "Georgia Senate: A high-profile executive raises her hand for Isakson's job". The Atlanta Journal-Constitution. Retrieved November 29, 2019.
  3. ^ a b c Hiskey, Michelle (June 4, 2011). "Risk, hoops memories entice new Dream owner Loeffler". The Atlanta Journal-Constitution. Retrieved November 29, 2019.
  4. ^ a b Denery, Jim (December 2, 2019). "Who is Kelly Loeffler?". The Atlanta Journal-Constitution. Retrieved December 2, 2019.
  5. ^ a b Lichtenstein, Jesse (March 29, 2013). "Market Movers". Atlanta Magazine. Retrieved December 4, 2019.
  6. ^ "GOP Businesswoman Kelly Loeffler Appointed to Senate in Georgia - Bloomberg Government". About.bgov.com. Retrieved December 4, 2019.
  7. ^ a b Meyer, Gregory (March 27, 2018). "ICE communications head Kelly Loeffler to step down at year's end". Amp.ft.com. Retrieved November 27, 2019.
  8. ^ a b Seward, Christopher (September 4, 2011). "Atlanta Dream changes ownership". The Atlanta Journal-Constitution. Retrieved December 2, 2019.
  9. ^ "Mary Brock And Kelly Loeffler: Running The WNBA's Atlanta Dream". Forbes.com. September 26, 2011. Retrieved November 27, 2019.
  10. ^ Tully, Shawn (August 3, 2018). "The NYSE's Owner Wants to Bring Bitcoin to Your 401(k). Are Crypto Credit Cards Next?". Fortune. Retrieved November 29, 2019.
  11. ^ a b Evers-Hillstrom, Karl (December 4, 2019). "GOP Senate appointee Kelly Loeffler has extensive history of giving to Republicans — and a few Democrats". Open Secrets. Retrieved December 4, 2019.
  12. ^ Schultheis, Emily (November 4, 2013). "WNBA owner passes on Senate run". Politico. Retrieved November 27, 2019.
  13. ^ Bluestein, Greg (November 26, 2019). "In secretive trip, Georgia governor tried to sell Trump on Senate pick". The Atlanta Journal-Constitution. Retrieved November 27, 2019.
  14. ^ Bluestein, Greg (November 29, 2019). "Georgia gov expected to tap finance exec to US Senate next week". The Atlanta Journal-Constitution. Retrieved November 29, 2019.
  15. ^ Bluestein, Greg (December 4, 2019). "Kemp taps Kelly Loeffler, financial exec, to US Senate seat". The Atlanta Journal-Constitution. Retrieved December 4, 2019.
  16. ^ Isenstadt, Alex. "Loeffler will cut huge check for Georgia special election". Politico. Retrieved December 4, 2019.
  17. ^ Hirsh, Ben (October 24, 2014). "Buckhead Man Buys NYSE". buckhead.com. Retrieved December 1, 2019.

External links[edit]

U.S. Senate
Preceded by
Johnny Isakson
U.S. Senator (Class 3) from Georgia
Taking office 2020
Served alongside: David Perdue
Designate