Brian K. Krolicki (born December 31, 1960) is an American

businessman A businessperson, businessman, or businesswoman is an individual who has founded, owns, or holds shares in (including as an angel investor) a private-sector company. A businessperson undertakes activities (commercial or industrial) for th ...

and

politician A politician is a person active in party politics, or a person holding or seeking an elected office in government. Politicians propose, support, reject and create laws that govern the land and by an extension of its people. Broadly speaking, a ...

. He was the 33rd

Lieutenant Governor of Nevada The lieutenant governor of Nevada is a constitutional officer in the executive branch, executive branch of government of the U.S. state of Nevada. The lieutenant governor maintains an office in Carson City, Nevada at the Nevada State Capitol and i ...

, from 2007 to 2015. As the Lieutenant Governor, he presided over the

Nevada State Senate The Nevada Senate is the upper house of the Nevada Legislature, the state legislature of U.S. state of Nevada, the lower house being the Nevada Assembly. It currently (2012–2021) consists of 21 members from single-member districts. In the previ ...

, chaired the Commission on Tourism, and served on the State Board of Transportation and the Reno Tahoe Winter Games Coalition. Previously, he served two terms as the

Nevada State Treasurer The Nevada State Treasurer is an elected office in the U.S. state of Nevada. The Nevada State Treasurer is based in Carson City, Nevada. The Treasurer is elected to a four-year term and may serve for eight years or two terms under Nevada's term li ...

. He is a member of the Republican Party. Krolicki was not eligible to run for a third term in 2014 due to lifetime

term limits A term limit is a legal restriction that limits the number of terms an officeholder may serve in a particular elected office. When term limits are found in presidential and semi-presidential systems they act as a method of curbing the potenti ...

by the

Nevada Constitution The Constitution of the State of Nevada is the organic law of the state of Nevada, and the basis for Nevada's statehood as one of the United States. History The Nevada Constitution was created in 1864 at a convention on July 4 in Carson City. T ...

Education

Krolicki is a graduate of

Stanford University Stanford University, officially Leland Stanford Junior University, is a private research university in Stanford, California. The campus occupies , among the largest in the United States, and enrolls over 17,000 students. Stanford is consider ...

, where he graduated in 1983 with a degree in

political science Political science is the scientific study of politics. It is a social science dealing with systems of governance and power, and the analysis of political activities, political thought, political behavior, and associated constitutions and la ...

Professional life

Preceding his election as

State Treasurer In the state governments of the United States, 48 of the 50 states have the executive position of treasurer. New York abolished the position in 1926; duties were transferred to New York State Comptroller. Texas abolished the position of Texas ...

, Krolicki worked for

Bankers Trust Bankers Trust was a historic American banking organization. The bank merged with Alex. Brown & Sons in 1997 before being acquired by Deutsche Bank in 1999. Deutsche Bank sold the Trust and Custody division of Bankers Trust to State Street Corpor ...

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

, and

Smith Barney Morgan Stanley Wealth Management is an American multinational financial services corporation specializing in retail brokerage. It is the wealth & asset management division of Morgan Stanley. On January 13, 2009, Morgan Stanley and Citigroup anno ...

San Francisco San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...

and

Manama Manama ( ar, المنامة ', Bahrani Arabic, Bahrani pronunciation: ) is the capital and largest city of Bahrain, with an approximate population of 200,000 people as of 2020. Long an important trading center in the Persian Gulf, Manama is h ...

Bahrain Bahrain ( ; ; ar, البحرين, al-Bahrayn, locally ), officially the Kingdom of Bahrain, ' is an island country in Western Asia. It is situated on the Persian Gulf, and comprises a small archipelago made up of 50 natural islands and an ...

Political career

State treasurer

Krolicki was elected state treasurer in 1998. During his tenure, Krolicki worked to make college education more affordable, and considered it "a cornerstone of his administration." He created the State Treasurer's College Savings Plan and Nevada's Prepaid College Tuition Program, and oversaw the set-up of the

Gates Scholarship The Bill and Melinda Gates Foundation established the Gates Cambridge Scholarships in 2000 with a $210 million donation to support outstanding graduate students' study at the University of Cambridge. The scholarship is one of the most competitiv ...

in Nevada. Along his work in higher-education accessibility, Krolicki obtained upgrades from credit-rating agencies for Nevada, saving taxpayers millions of dollars in interest payments. All rating agencies now consider Nevada just a notch below AAA, the highest and most coveted rating, and held by very few states. Krolicki was also the first state treasurer in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

to receive the coveted Certificate of Excellence in Investment Policy from the Association of Public Treasurers of the United States and Canada. Krolicki also formulated and implemented many investment programs that obtained tens of millions of dollars in revenue for the state. On the national level, in 2002, Brian was unanimously elected by his peers to serve as president of the National Association of State Treasurers (NAST), which collectively represents over $1 trillion in assets. As president, he founded the NAST Committee on Corporate Governance and served as chairman of the NAST Foundation, which promotes financial literacy and education throughout the nation. He has worked hard to promote financial literacy in Nevada by introducing the Nevada Women's Money Conference, a free event designed to provide the necessary tools and information to become financially educated. In May 2004, Brian was selected by his state treasurer colleagues to receive the Unruh Award, given to the nation's most outstanding state treasurer. Most recently, in December 2004, Brian was again honored by his national peers in both the private and public sectors with the highly regarded Gritz Award for Excellence in Public Finance in recognition of his leadership and innovation in the area of public debt management.

Lieutenant governor

In 2006, Krolicki was elected Lieutenant Governor of Nevada. He was re-elected in 2010.

Prosecution by Nevada Attorney General

On December 3, 2008, Krolicki was indicted on four felony counts. The charges were related to Krolicki's management of a multibillion-dollar college savings program in his previous position as Nevada's state treasurer. Two of the counts were of misappropriation and falsification of accounts by a public officer, and two counts were of misappropriation by a treasurer. He faced up to four years in prison on each of the four counts for a maximum of sixteen years. Krolicki said there was no basis for the charges and called them a partisan political tactic by Democratic Attorney General

Catherine Cortez Masto Catherine Marie Cortez Masto (born March 29, 1964) is an American lawyer and politician serving as the senior United States senator from Nevada, a seat she has held since 2017. A member of the Democratic Party, Cortez Masto served as the 32nd ...

and

U.S. Senate The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and powe ...

Majority Leader In U.S. politics (as well as in some other countries utilizing the presidential system), the majority floor leader is a partisan position in a legislative body.

Harry Reid Harry Mason Reid Jr. (; December 2, 1939 – December 28, 2021) was an American lawyer and politician who served as a United States senator from Nevada from 1987 to 2017. He led the Senate Democratic Caucus from 2005 to 2017 and was the Sena ...

. A Las Vegas judge later dismissed the charges, exonerating Krolicki and his Chief of Staff Kathy Besser.

Awards

On July 26, 2010, the

lehendakari The President of the Basque Government ( eu, Eusko Jaurlaritzako lehendakaria, es, presidente del Gobierno Vasco), usually known in the Basque language as the Lehendakari ( eu, lehendakari, es, lendakari), is the head of government of the Basq ...

of the Basque Country gave him the Lagun Onari (''to the best friend'') basque prize in the state visit of the lehendakari

Patxi Lopez Patxi is a male given name in the Basque language area in northern Spain and south-west France, but more commonly a nickname for those officially named Francisco (or François in the French zone, ultimately cognates of Francis (given name), Francis) ...

to the

References

External links

Official Nevada Lieutenant Governor website
{{DEFAULTSORT:Krolicki, Brian 1960 births Living people American bankers American politicians of Polish descent Lieutenant Governors of Nevada Nevada Republicans Politicians from Carson City, Nevada People from Douglas County, Nevada Politicians from Warwick, Rhode Island Stanford University alumni State treasurers of Nevada