Douglas M. Brown is an American businessman and academic who briefly served as the 28th

New Mexico State Treasurer The state treasurer of New Mexico is an elected constitutional officer in the executive branch of the U.S. state of New Mexico. Thirty individuals have held the office of state treasurer since statehood. The incumbent is Tim Eichenberg, a Democra ...

after the resignation and conviction of

Robert E. Vigil Robert E. Vigil (born October 26, 1953) is an American politician from the U.S. state of New Mexico. He was twice elected New Mexico State Auditor, serving from 1991 to 1998 and was New Mexico State Treasurer from 2003 until his resignation on Oc ...

. In 2019, Brown was nominated to serve as the president of the University of New Mexico Board of Regents.

Education

Brown earned a Bachelor of Arts and Master of Business Administration from

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 ...

, graduating in the top five percent of his class.

Career

From 1990 to 1999, Brown worked as the president and CEO of Talbot Financial Services. The company was later acquired by Safeco. From 1999 to 2005, Brown worked as the president of the Tuition Plan Consortium, an organization of public and private universities offering the

529 plan 5 (five) is a number, numeral and digit. It is the natural number, and cardinal number, following 4 and preceding 6, and is a prime number. It has attained significance throughout history in part because typical humans have five digits on eac ...

. When incumbent New Mexico Treasurer

was convicted of extortion,

money laundering Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions ...

and

racketeering Racketeering is a type of organized crime in which the perpetrators set up a coercive, fraudulent, extortionary, or otherwise illegal coordinated scheme or operation (a "racket") to repeatedly or consistently collect a profit. Originally and of ...

, Brown was appointed by then-Governor Bill Richardson. In the role, Brown worked to manage New Mexico's budget while repairing the agency's reputation. Brown left office in late-2006 after the election of

James B. Lewis James Beliven Lewis (born November 30, 1947) is an American politician from the state of New Mexico. A member of the Democratic Party, he served as the state treasurer of New Mexico from 1985–1990 and from 2006–2014. To date, he is the on ...

. From 2009 to 2014, Brown served as the Dean of the Anderson School of Management at the University of New Mexico. In 2014 and 2015, Brown served as the president and CEO of the First National Bank of Santa Fe. In 2019, Brown was nominated to serve as president of the University of New Mexico Board of Regents by Governor Michelle Lujan Grisham. His term expires in 2022.

References

Living people New Mexico Republicans State treasurers of New Mexico Stanford University alumni Stanford Graduate School of Business alumni University of New Mexico faculty Year of birth missing (living people) {{US-business-bio-stub