Spencer Confirmed as Secretary of the Navy

Richard V. Spencer ’76 is the new head of the Department of the Navy.

U.S. Navy photo by Mass Communication Specialist 2nd Class Jonathan B. Trejo/Released U.S. Navy photo by Mass Communication Specialist 2nd Class Jonathan B. Trejo/Released

The Senate has confirmed Richard V. Spencer ’76 as the 76th secretary of the Navy. President Trump nominated Spencer to head the Department of the Navy in June.

Spencer graduated from Rollins in 1976 with a degree in economics. After graduation, he joined the U.S. Marine Corps and served as a naval aviator. He left the Marine Corps as a captain in 1981.

Spencer spent more than a decade in the financial industry and has held leadership positions in multiple companies. From 2001 to 2008, he was vice chairman and chief financial officer of Intercontinental Exchange, Inc., the leading electronic commodity futures exchange. Most recently, Spencer was managing director of Fall Creek Management, a management consulting firm in Wilson, Wyoming.

Spencer served on the Pentagon’s Defense Business Board from 2009 to 2015 and was recently appointed as an advisor to the chief of naval operations. He is also vice chairman of the Marine Corps Heritage Foundation and serves on the board of advisors for the Center for a New American Security, a bipartisan foreign policy group.

Spencer has been engaged with his alma mater through his service in various capacities, including as a volunteer for the Center for Career & Life Planning and the Office of Admission. He has also served on the Rollins Alumni Association Board of Directors.