THE HON. SECRETARY RICHARD SPENCER (Ret.)
Richard V. Spencer is Managing Director of Pallas Ventures an investment fund focusing on developing technologies that will have an impact on the National security mission. Prior to that he was the 76th Secretary of the Navy. He was sworn in to the office in August of 2017 and served until November of 2019. Previously he was Managing Director of Fall Creek Management LLC which focuses on value enhancement of private companies through capital investment and advice. He is former Vice Chairman and Chief Financial Officer of Intercontinental Exchange, Inc. (NYSE-ICE) the leading electronic commodity futures exchange. He served in that capacity from November 2001 through January 2008. Richard was the President of Crossroads Investment Management LLC from 1998 to 2001, a leading venture capital and private equity fund-of-funds investment firm. He joined Crossroads after working on Wall Street for 16 years. During that period his responsibilities centered on investment banking services focusing on strategic advisory services and capital markets underwriting.
Mr. Spencer graduated from Rollins College in 1976 with a Bachelors of Arts degree in economics. Upon graduation from Rollins Richard joined the U.S. Marine Corps and served in the fleet until 1981. Mr. Spencer is a member of the board of directors of the Global Atlantic Financial Group, Aviation Safety Resources and Morpheus Space.