Thomas W. Hayes was the 28th

California State Treasurer The state treasurer of California is a constitutional officer in the executive branch of the government of the U.S. state of California. Thirty-five individuals have held the office of state treasurer since statehood. The incumbent is Fiona Ma, a ...

. A Republican, he was nominated by Governor

George Deukmejian Courken George Deukmejian Jr. (; June 6, 1928 – May 8, 2018) was an American politician who served as the 35th governor of California from 1983 to 1991. Of Armenian descent, Deukmejian was a member of the Republican Party and he also serve ...

to fill the vacancy created by the August 4, 1987 death of Democrat

Jesse M. Unruh Jesse Marvin Unruh (, ; September 30, 1922 – August 4, 1987), also known as Big Daddy Unruh, was an American politician who served as speaker of the California State Assembly and as the California State Treasurer. Early life and education Born ...

. He took office in 1989, upon confirmation by both houses of the California Legislature. He was Governor Deukmejian's second nominee; the first, Congressman

Dan Lungren Daniel Edward Lungren (born September 22, 1946) is an American politician and lawyer who served as the U.S. representative for from 2005 to 2013. A member of the Republican Party, during his tenure, the district covered most of Sacramento Count ...

, had been refused confirmation by the State Senate. In 1990, he won the Republican nomination for election to a term as state treasurer in his own right, defeating former

Treasurer of the United States The treasurer of the United States is an officer in the United States Department of the Treasury who serves as custodian and trustee of the federal government's collateral assets and the supervisor of the department's currency and coinage produc ...

Angela "Bay" Buchanan (sister of

Patrick J. Buchanan Patrick Joseph Buchanan (; born November 2, 1938) is an American paleoconservative political commentator, columnist, politician, and broadcaster. Buchanan was an assistant and special consultant to U.S. Presidents Richard Nixon, Gerald Ford, an ...

), but was defeated in the general election by Democrat

Kathleen Brown Kathleen Lynn Brown (born September 25, 1945) is an American attorney and politician who served as the 29th Treasurer of California from 1991 to 1995. Brown unsuccessfully ran for Governor of California in the 1994 election. Early life and e ...

.http://www.house.gov/list/speech/ca03_lungren/020605Tworoutestoshellysreplacement.html The Sacramento Bee. "Two Routes to Shelley's Replacement: Will governor pick a caretaker or a strong GOP candidate? (February 6, 2005). Prior to his service as state treasurer, he had served as Auditor General of the State of California from 1979 to 1989. After leaving office as state treasurer in January 1991, he joined the administration of newly elected Governor Pete Wilson as its director of finance, serving from 1991 to 1993. Since then, he has worked in the private sector, with occasional forays into public service, most notably assisting

Orange County Orange County most commonly refers to: *Orange County, California, part of the Los Angeles metropolitan area Orange County may also refer to: U.S. counties *Orange County, Florida, containing Orlando *Orange County, Indiana *Orange County, New ...

with its finances after its notorious 1994 bankruptcy triggered by derivatives investments gone awry.

References

See also