In case you haven’t heard, Wharton EMBA alumnus Rob McCord was recently sworn in as the Treasurer of Pennsylvania.
McCord, who graduated from Wharton in 1989, told the Associated Press that the country's economic troubles made it a unique time to run for an office that deals with weighty financial issues. " At the beginning of the presidential race, everybody was obsessed with primary politics and Iraq," he said. "By the end of the process, everybody had a ton of questions about their economic future."
McCord stated that he will work to return the state's pension funds to health and improve the transparency of an office that handles billions in taxpayer dollars. “As State Treasurer, I am committed to innovatively and energetically protecting Pennsylvania during this economic crisis,” he said in a press release. “We will be working hard to develop a broad range of initiatives to increase Pennsylvania’s economic security, while also improving transparency and cutting waste.”
Prior to the election, McCord cofounded the Eastern Technology Fund and served as cofounder and managing director of Pennsylvania Early Stage Partners, a family of venture funds that invested in early-stage life-science and information technology firms. McCord also previously worked as a senior executive at Safeguard Scientifics and led the Eastern Technology Council.
We look forward to hearing more about McCord’s public service and wish him all the best!