Financer John Phelan Tapped To Be Next Navy Secretary

Washington, D.C. – President Biden has nominated John Phelan, a prominent figure in the financial sector, to serve as the next Secretary of the Navy.

Background

Phelan, 58, has a long and successful career in finance. He has held senior positions at several major investment banks, including Goldman Sachs and Morgan Stanley.

In addition to his work in the private sector, Phelan has also served on the board of directors of the U.S. Naval Academy Foundation.

Key Facts and Latest Updates

Phelan’s nomination was announced by the White House on Thursday, February 10th, 2023.

If confirmed by the Senate, Phelan will succeed Carlos Del Toro, who has served as Navy Secretary since August 2021.

“John Phelan is a highly qualified and experienced leader who will bring a wealth of knowledge and expertise to the Navy,” said President Biden in a statement.

Analysis or Impact

Phelan’s nomination has been met with mixed reactions.

Some experts have praised Phelan’s financial acumen and his commitment to the Navy.

“John Phelan is a proven leader with a deep understanding of the financial and operational challenges facing the Navy,” said retired Admiral James Stavridis, the former Supreme Allied Commander of NATO.

However, other experts have expressed concerns about Phelan’s lack of military experience.

“The Navy is a complex and demanding organization,” said retired Rear Admiral Lawrence Brennan. “It is important to have a Secretary who has a deep understanding of the military and its culture.”