WASHINGTON (NNS) -- Richard V. Spencer was sworn in as the 76th secretary of the Navy (SECNAV) Aug. 3.

The ceremony was conducted in the Pentagon by William O'Donnell, Department of the Navy administrative assistant.

Spencer, a Connecticut native, graduated from Rollins College in 1976 with a Bachelor of Arts in Economics. Upon Graduation he joined the United States Marine Corps and served as an H-46 pilot until 1981 before departing active duty to enter the private finance sector.

He held many positions since he entered the private finance sector to include the president of Crossroads Investment Management LLC, chief financial officer at Intercontinental Exchange, Inc. and the managing director of Fall Creek Management, LLC.