Richard V. Spencer

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Richard Spencer
Richard V. Spencer.jpg
76th United States Secretary of the Navy
Assumed office
August 3, 2017
PresidentDonald Trump
Preceded byRay Mabus
Personal details
Born (1954-01-18) January 18, 1954 (age 65)
Waterbury, Connecticut, U.S.
EducationRollins College (BA)
Military service
Allegiance United States
Branch/service United States Marine Corps
Years of service1976–1981
RankUS Marine O3 shoulderboard.svg Captain

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. 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.

Early life[edit]

Born in 1954 in Waterbury, Connecticut,[1] 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.[2] During his time on the Defense Business Board, he proposed shutting down domestic military commissaries in favor of negotiated military discounts at public retailers.[3]

Secretary of the Navy[edit]

In June 2017, President Donald Trump nominated Spencer to serve as the 76th United States Secretary of the Navy.[4][5][6][7] Spencer was confirmed by the United States Senate on August 1, 2017.[8] He was then sworn in on August 3, 2017.[9]


  1. ^ "Appointments and Resignations - Secretary of the Navy: Who Is Richard Spencer? - AllGov - News". AllGov. Retrieved 2017-08-07.
  2. ^ U.S. Navy. "U.S. Navy Biographies - Richard V. Spencer". Retrieved 2018-07-27.
  3. ^ Chandrasekaran, Rajiv (2013-05-01). "Commissary plan, backlash show difficulty of cutting military personnel spending". Washington Post. Retrieved 2018-07-27.
  4. ^ "Stocks". Retrieved 10 April 2017.
  5. ^ "President Trump moves to fill out top ranks at Pentagon". TheHill. Retrieved 2017-05-02.
  6. ^ Klimas, Jacqueline (March 9, 2017). "Reports: Former Marine Richard V. Spencer to be nominated for Navy secretary". The Washington Examiner. Retrieved August 21, 2017.
  7. ^ "Newswire Bloomberg reported Trump offered Spencer the job on Thursday." (March 9, 2017)
  8. ^ LaGrone, Sam (August 1, 2017). "Senate Confirms Richard V. Spencer as SECNAV, Ellen Lord as Pentagon Acquisition Chief". USNI News. Retrieved 7 August 2017.
  9. ^ Drew, Jonathan (2017-08-03). "Marine Vet Richard V. Spencer Takes Over as Navy Secretary". Retrieved 2017-09-27.

External links[edit]

Political offices
Preceded by
Ray Mabus
United States Secretary of the Navy