Thursday, December 27, 2018
OKLAHOMA CITY – Governor Mary Fallin today appointed state Treasurer-elect Randy McDaniel to the post of state treasurer.
The governor’s appointment of McDaniel is effective Jan. 1, when state Treasurer Ken Miller’s resignation takes effect. Miller, who could not seek a third four-year term because of state term limits, is joining OGE Energy Corp. as its vice president of regulatory and state government affairs effective Jan. 2.
McDaniel, a Republican from Edmond, was elected state treasurer on Nov. 6. He won 72 percent of the vote.
McDaniel will be sworn into office on Jan. 2 to fill Miller’s unexpired term, which ends Jan. 14. He will take his oath of office for the four-year term he was elected to during inaugural ceremonies Jan. 14, when all statewide elected officials will be sworn into office.
“I’m pleased to appoint Randy state treasurer so he can assume the duties of the office,” said Fallin. “Treasurer Miller served the people well, and the treasurer’s office will continue to be in good hands with Randy. His expertise as a financial adviser and his experience in the state Legislature where he led efforts to strengthen our state’s pensions give him the skills to manage the responsibilities of the treasurer’s office.”
McDaniel served 12 years in the House of Representatives, representing Oklahoma City and Edmond. He also served as chairman of the House Banking Committee. He worked 20 years as a financial adviser.
In February, Miller appointed McDaniel to the State Treasurer’s Investment Advisory Committee. The committee, formed by Miller in 2011, is made up of financial and investment representatives who advise the treasurer’s office on maximizing investment returns on the more than $5 billion portfolio under his control.
Miller was elected state treasurer in 2010 and re-elected in 2014. Previously, Miller served six years as a Republican lawmaker in the House of Representatives, representing parts of Edmond.