Oct 28, 2012 - The Associated PressCHEYENNE -- Gov. Matt Mead on Friday announced his choice of Buffalo rancher Mark Gordon as Wyoming's new state treasurer.
Gordon, 55, succeeds Joe Meyer, who died this month.
Gordon recently resigned from the Federal Reserve Bank of Kansas City, where he served as a non-banking board member. He has served on the Wyoming Environmental Quality Council, the Wyoming Wildlife and Natural Resource Trust and the local school board. He ran for Congress unsuccessfully in 2008 as a Republican.
The Treasurer's Office oversees roughly $15 billion in Wyoming's permanent investments from taxes on energy production and other sources. As energy production has slowed in recent years, the state has come to rely increasingly on income from its investments to augment spending.
"Mark, in my mind, just had a complete package that I think will serve the Treasurer's Office and the people of Wyoming very well," Mead told The Associated Press. "I don't think that he is prone to swinging in terms of his emotions. And that sort of measured and stable response that I think he has to things seems appropriate in terms of what his role will be at the Treasurer's Office.
"As we look at our budget year in and year out, and recognize the value of what the Treasurer's Office does, it's a $15- $16 billion pile of money that he has to deal with," Mead said. "And we have the highest expectations and the greatest need for him to do it well."
Gordon said he's concerned about the state of national economy and how it may affect the state's holdings and revenues. He noted that the stock market is volatile and that pressing issues include the presidential election, the "fiscal cliff" facing the federal government and the financial situation in Europe.
The Wyoming Republican Party forwarded three names to Mead for his consideration this week. The others were Devil's Tower accountant Bruce Brown and Clark Stith, a lawyer in Rock Springs.
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