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Senate confirms new PBGC director

Gordon Hartogensis was approved Tuesday by the Senate to serve as director of the Pension Benefit Guaranty Corp.

Mr. Hartogensis, who was confirmed by a vote of 72-27, replaces W. Thomas Reeder Jr., who was nominated by Barack Obama and confirmed by the Senate in October 2015.

At the time of his nomination, the White House described Mr. Hartogensis as an investor and technology sector leader in software development, with experience managing financial equities, bonds and private placements. He served as director of a family trust and co-founded Auric Technology LLC, a company that develops customer relationship management software. He is also brother-in-law to Senate Majority Leader Mitch McConnell, R-Ky., and Secretary of Transportation Elaine Chao.

Mr. Hartogensis was first appointed by President Donald Trump in 2017 and approved by the Senate Finance Committee but was not confirmed before Congress adjourned. The committee approved him March 27 by a vote of 26-2.

Committee member Sherrod Brown, D-Ohio, said in a statement today that he and Rob Portman, R-Ohio, support Mr. Hartogensis' nomination and remain committed to finding a bipartisan solution to the multiemployer pension crisis and the PBGC's own multiemployer program deficit.

"We look forward to working with Mr. Hartogensis as we seek a solution to the multiemployer pension crisis. We know from first-hand experience that he is inheriting a talented and dedicated team of career professionals," Mr. Brown said in the statement.