Ron DeSantis names Chris Spencer executive director of Florida State Board of Administration

Florida Gov. Ron DeSantis has nominated Chris Spencer to become the next executive director of the State Board of Administration (SBA).

Spencer is now the director of policy and budget for the executive office of the governor. Spencer’s nomination will be brought before Gov. DeSantis, Attorney General Ashley Moody, and Chief Financial Officer Jimmy Patronis, sitting as the Trustees of the State Board of Administration, for final approval March 26.

The State Board of Administration (SBA) is Florida’s constitutionally created investment management organization. Lamar Taylor, SBA interim executive director and CIO, will continue as the permanent SBA CIO.

Previously, Spencer served in various roles both in the public and private sector in economic and insurance policy, including several years in the Florida Senate. During the past five years, Spencer has worked closely with state leaders and the professional team of the SBA to grow the value of Florida’s pensi