Investment council elects Peter Frank vice chair

Members again reject Gov. Susana Martinez's pick on 5-4 vote

Members of the State Investment Council today elected Peter Frank as their vice chairman, again rejecting Gov. Susana Martinez’s favored candidate.

Frank, right, defeated former Republican state legislator Leonard Lee Rawson of Las Cruces in a 5-4 vote.

Two council members appointed by Republican Martinez voted for Frank, tipping the election his way. They were Scott Smart of Portales and Linda Eitzen of Albuquerque.

Martinez, who chairs the investment council, first proposed last month that Rawson be elected vice chairman.

Council members rejected Rawson then, also on a 5-4 vote.

This time, the council’s governance committee suggested that anybody interested in being vice chairman place his or her name in nomination.

Frank and Rawson, right, were the only contenders for the job.

Frank, 69, of Santa Fe was educated in the Ivy League. He has bachelor’s and master’s degrees from the University of Pennsylvania’s Wharton School.

He retired from Daymon Worldwide Inc. as chief financial officer and an executive vice president. He previously worked for 35 years for PricewaterhouseCoopers, where he was on the firm’s global leadership team.

Frank initially was appointed to the investment council in 2009 by then-governor Bill Richardson, a Democrat. He received an appointment from the Legislative Council in 2010.

Comments

[jurisdictional]

Hi Milan. This is good news. Hoping for the best for his term.