DeSantis nominates Chris Spencer for executive director of State Board of Administration

TALLAHASSEE, Fla. – Gov. Ron DeSantis announced on Friday that he has nominated Chris Spencer for the executive director of the State Board of Administration.

Spencer is currently the director of policy and budget for DeSantis.

The State Board of Administration is the body that manages the state’s investments.

Spencer’s final approval for the position will come on March 26 through the vote of the the administration’s board of trustees, currently made up of DeSantis, Attorney General Ashley Moody and Chief Financial Officer Jimmy Patronis.

According to a press release from the governor’s office, Spencer’s role has led him to manage the development and implementation of the state’s multi-billion dollar budget and the policy agenda of the governor.

He has also helped lead DeSantis’ plan to lower Florida debt by 25%.

Spencer previously served in various roles both in the public and private sector in economic and insurance policy, including several years in the Florida Senate.

The governor’s office noted that Spencer has worked closely with state leaders and the professional team of the administration to grow the value of the state’s pension assets as Florida becomes the “number one state economy in the nation.”

“His background in insurance also prepares Chris to help support the efforts of the Florida Hurricane Catastrophe Fund as it is vital to the continued stabilization and growth of Florida’s property insurance market,” the announcement said.