David Damschen chosen as new Utah state treasurer

By The Associated Press | Posted - Dec. 11, 2015 at 3:21 p.m.



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

SALT LAKE CITY (AP) — Gov. Gary Herbert has promoted David Damschen to become the new state treasurer.

Damschen has been working in the office since 2009 as the chief deputy to former treasurer Richard Ellis. Ellis resigned to work for the state's nonprofit college savings program.

Ellis, a Republican elected state treasurer in 2008, endorsed Damschen to take his position.

Herbert made the announcement Friday, saying Damschen epitomizes the state's conservative fiscal approach to government.

The state treasurer handles the collection, investment and distribution of state money.

Before joining the state treasurer's office, Damschen was an executive at American West Bank and U.S. Bank.

The Utah Republican Party's governing body suggested three candidates. The other two were former congressional candidate Neil Walter and Phil Conder of the Salt Lake County treasurer's office.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast