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Richard H. Moore

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Richard Moore
26th Treasurer of North Carolina
In office
January 6, 2001 – January 10, 2009
GovernorMike Easley
Preceded byHarlan Boyles
Succeeded byJanet Cowell
Secretary of the North Carolina Department of Public Safety
In office
December 1995 – November 1999
GovernorJim Hunt
Preceded byThurman B. Hampton
Succeeded byDavid E. Kelly
Member of the North Carolina House of Representatives
from the 22nd district
In office
January 1, 1993 – January 1, 1995
Serving with Mike Wilkins
Preceded byJim Crawford
Succeeded byJim Crawford
Personal details
Born (1960-08-30) August 30, 1960 (age 64)
Oxford, North Carolina, U.S.
Political partyDemocratic
SpouseNoel Moore
ProfessionLawyer / 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

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Moore earned both his undergraduate and law degrees from Wake Forest University 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. In 1994, he ran for United States House of Representatives but lost in that year's Republican wave to David Funderburk. 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.

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 $10.6 billion community bank with more than 100 branches in North and South Carolina. Since taking over, First Bank's market cap has grown from $150 million to $1.33 billion. In 2019, he was named CEO of the Year by Business N.C Magazine.[8][9]

Personal life

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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.[citation needed]

References

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  1. ^ "Newly Elected Officials" (PDF). NASACT News. December 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 Archived September 18, 2008, at the Wayback Machine: 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. Archived from the original on July 20, 2012. 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
[edit]
Party political offices
Preceded by Democratic nominee for North Carolina State Treasurer
2000, 2004 		Succeeded by
North Carolina House of Representatives
Preceded by Member of the North Carolina House of Representatives
from the 22nd district
1993-1995
Served alongside: Michael Satterfield Wilkins 		Succeeded by
Political offices
Preceded by Treasurer of North Carolina
2001–2009 		Succeeded by
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