Richard H. Moore

Richard Moore
26th State Treasurer North Carolina
In office
January 6, 2001 – January 10, 2009
Governor Mike Easley
Preceded by Harlan E. Boyles
Succeeded by Janet Cowell
Personal details
Born (1960-08-30) August 30, 1960
Oxford, Granville County, North Carolina
Political party Democratic Party
Spouse(s) Noel Moore
Profession Lawyer / farmer

Richard Hancock Moore (born Oxford, Granville County, North Carolina, August 30, 1960)[1] was the North Carolina State Treasurer from 2001–2009. He was first elected to that post in 2000 and re-elected in 2004.

Career

Moore earned both his undergraduate and law degrees from Wake Forest University, where he was a member of the Delta-Omega chapter of the Kappa Sigma Fraternity, and a graduate diploma in accounting and finance from the London School of Economics.[2]

A former assistant U.S. Attorney, Moore previously served in North Carolina government as a member of the North Carolina House of Representatives and as head of the North Carolina Department of Crime Control and Public Safety under former Governor Jim Hunt, before being elected state treasurer in 2000. As Secretary of Crime Control & Public Safety, Moore managed the state response to and recovery from several natural disasters, particularly Hurricane Floyd. He is the co-author of a book, Faces from the Flood: Hurricane Floyd Remembered.

As Treasurer, Moore championed a national movement to protect shareholder rights against Wall Street corporate abuses. He authored investment and mutual fund protection principles which have been adopted by pension fund managers across the country. His efforts led to his appointment on the executive board of the New York Stock Exchange as the only public sector member, and he has served on the board of NYSE Regulation since its inception in 2005. He was also named the country's Top Public Official of the Year in 2004 by Governing Magazine, and profiled by U.S. News & World Report (June 7, 2004). In 2005, Moore was named as a finalist for Institutional Investor's Excellence in Investment Management Award.[3]

As North Carolina's Treasurer and Chief Investment Officer, Moore managed more than $70 billion in pension funds. The funds were rated either the first or second best funded pension plans in the country by Standard & Poor's throughout Moore's tenure. In his final year as Treasurer (2008), the funds outperformed their peer average by more than 900 basis points. More recently, the health of North Carolina's pension funds was featured in two prominent reports: "The Trillion Dollar Gap-unfunded state retirement systems and the road to reform" (The Pew Center on the States, February 2010); and "Lessons from Well-Funded Public Pensions: An Analysis of Six Plans that Weathered the Financial Storm" (National Institute on Retirement Security – June 2011).

Moore ran for Governor of North Carolina in 2008.[4] He lost the Democratic primary to Lt. Gov. Beverly Perdue on May 6, 2008.[5] In 2012, Moore said he would consider seeking the Democratic nomination for governor again, but he did not ultimately run.[6]

After leaving office, Moore was named to the Board of Trustees of Wake Forest University, his alma mater.[7]

In 2012, Moore became Chief Executive Officer of First Bancorp, a more than $4 billion community bank with more than 90 branches in North and South Carolina.[8][9]

Personal life

Moore and his wife, Noel, have three children: Will (the eldest), Charles, and Mary.[10][11] Moore is a grandson of former U.S. Rep. Franklin Wills Hancock, Jr.[12]

Eisenhower Fellowships selected Richard Moore as a USA Eisenhower Fellow in 2006.

References

  1. ↑ "Newly Elected Officials" (PDF). NASACT News. Dec 2000. Archived from the original (PDF) on October 3, 2006. Retrieved February 7, 2012.
  2. ↑ Diploma from the London School of Economics: article at the Winston-Salem Journal website.
  3. ↑ Institutional Investor, January 2005
  4. ↑ Announcement of North Carolina gubernatorial election campaign, 2008: The News & Observer website.
  5. ↑ News & Observer: Perdue nominated after high-road pitch
  6. ↑ Christensen, Rob (January 26, 2012). "Richard Moore looking at governor's race". Raleigh News & Observer. Retrieved January 26, 2012.
  7. ↑ WFU Trustees
  8. ↑ Charlotte Observer
  9. ↑ First Bancorp Executive Officers
  10. ↑ His resume: PDF file at The News & Observer website.
  11. ↑ Family details: PDF file at the North Carolina Department of the State Treasurer website.
  12. ↑ Richard Moore | newsobserver.com projects
Political offices
Preceded by
Harlan E. Boyles		 Treasurer of North Carolina
2001–2009 		Succeeded by
Janet Cowell
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