Brian K. Krolicki (born December 31, 1960) is an American

businessman A businessperson, also referred to as a businessman or businesswoman, is an individual who has founded, owns, or holds shares in (including as an angel investor) a private-sector company. A businessperson undertakes activities (commercial ...

and

politician A politician is a person who participates in Public policy, policy-making processes, usually holding an elective position in government. Politicians represent the people, make decisions, and influence the formulation of public policy. The roles ...

. He was the 33rd lieutenant governor of Nevada, from 2007 to 2015. As the Lieutenant Governor, he presided over the

Nevada State Senate The Nevada Senate is the upper house of the Nevada Legislature, the state legislature (United States), state legislature of U.S. state of Nevada, the lower house being the Nevada Assembly. It currently (2012–2021) consists of 21 members from sin ...

, chaired the Commission on Tourism, and served on the State Board of Transportation and the Reno Tahoe Winter Games Coalition. Previously, he served two terms as the

Nevada State Treasurer The Nevada state treasurer is an independent constitutional officer in the executive branch of government of the U.S. state of Nevada. The State Treasurer's Office is based in Carson City, Nevada. Twenty-three individuals have occupied the off ...

. He is a member of the Republican Party. Krolicki was not eligible to run for a third term in 2014 due to lifetime

term limits A term limit is a legal restriction on the number of Term of office, terms a Incumbent, person may serve in a particular elected office. When term limits are found in Presidential system, presidential and Semi-presidential republic, semi-president ...

by the

Nevada Constitution The Constitution of the State of Nevada is highest law within the U.S. state of Nevada and defines the structure, power, and limits of the state government and enumerates the basic rights and responsibilities of Nevada citizens, ratified. Subordi ...

Education

Krolicki is a graduate of

Stanford University Leland Stanford Junior University, commonly referred to as Stanford University, is a Private university, private research university in Stanford, California, United States. It was founded in 1885 by railroad magnate Leland Stanford (the eighth ...

, where he graduated in 1983 with a degree in

political science Political science is the scientific study of politics. It is a social science dealing with systems of governance and Power (social and political), power, and the analysis of political activities, political philosophy, political thought, polit ...

Professional life

Preceding his election as

State Treasurer In the state and territorial governments of the United States, 54 of the 56 states and territories have the executive position of treasurer. New York abolished the office of New York State Treasurer in 1926, in which the duties were transfer ...

, Krolicki worked for

Bankers Trust Bankers Trust was a historic American banking organization. The bank merged with Alex. Brown & Sons in 1997 before being acquired by Deutsche Bank in 1999. Deutsche Bank sold the Trust and Custody division of Bankers Trust to State Street Corp ...

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

, and

Smith Barney Morgan Stanley Wealth Management is an American Multinational corporation, multinational financial services corporation specializing in Broker, retail brokerage. It is the wealth & asset management division of Morgan Stanley. On January 13, 2009, ...

San Francisco San Francisco, officially the City and County of San Francisco, is a commercial, Financial District, San Francisco, financial, and Culture of San Francisco, cultural center of Northern California. With a population of 827,526 residents as of ...

and

Manama Manama ( ', Bahrani Arabic, Bahrani pronunciation: ) is the capital and List of cities in Bahrain, largest city of Bahrain, with an approximate population of 297,502 as of 2012. Long an important trading center in the Persian Gulf, Manama is ...

Bahrain Bahrain, officially the Kingdom of Bahrain, is an island country in West Asia. Situated on the Persian Gulf, it comprises a small archipelago of 50 natural islands and an additional 33 artificial islands, centered on Bahrain Island, which mak ...

Political career

State treasurer

Krolicki was elected state treasurer in 1998. During his tenure, Krolicki worked to make college education more affordable, and considered it "a cornerstone of his administration." He created the State Treasurer's College Savings Plan and Nevada's Prepaid College Tuition Program, and oversaw the set-up of the Gates Scholarship in Nevada. Along his work in higher-education accessibility, Krolicki obtained upgrades from credit-rating agencies for Nevada, saving taxpayers millions of dollars in interest payments. All rating agencies now consider Nevada just a notch below AAA, the highest and most coveted rating, and held by very few states. Krolicki was also the first state treasurer in the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

to receive the coveted Certificate of Excellence in Investment Policy from the Association of Public Treasurers of the United States and Canada. Krolicki also formulated and implemented many investment programs that obtained tens of millions of dollars in revenue for the state. On the national level, in 2002, Brian was unanimously elected by his peers to serve as president of the National Association of State Treasurers (NAST), which collectively represents over $1 trillion in assets. As president, he founded the NAST Committee on Corporate Governance and served as chairman of the NAST Foundation, which promotes financial literacy and education throughout the nation. He has worked hard to promote financial literacy in Nevada by introducing the Nevada Women's Money Conference, a free event designed to provide the necessary tools and information to become financially educated. In May 2004, Brian was selected by his state treasurer colleagues to receive the Unruh Award, given to the nation's most outstanding state treasurer. Most recently, in December 2004, Brian was again honored by his national peers in both the private and public sectors with the highly regarded Gritz Award for Excellence in Public Finance in recognition of his leadership and innovation in the area of public debt management.

Lieutenant governor

In 2006, Krolicki was elected Lieutenant Governor of Nevada. He was re-elected in 2010.

Prosecution by Nevada Attorney General

On December 3, 2008, Krolicki was indicted on four felony counts. The charges were related to Krolicki's management of a multibillion-dollar college savings program in his previous position as Nevada's state treasurer. Two of the counts were of misappropriation and falsification of accounts by a public officer, and two counts were of misappropriation by a treasurer. He faced up to four years in prison on each of the four counts for a maximum of sixteen years. Krolicki said there was no basis for the charges and called them a partisan political tactic by Democratic Attorney General

Catherine Cortez Masto Catherine Marie Cortez Masto (born March 29, 1964) is an American lawyer and politician serving as the Seniority in the United States Senate, senior United States senator from Nevada, a seat she has held since 2017. A member of the Democratic Pa ...

and

U.S. Senate The United States Senate is a chamber of the bicameral United States Congress; it is the upper house, with the U.S. House of Representatives being the lower house. Together, the Senate and House have the authority under Article One of the ...

Majority Leader

Harry Reid Harry Mason Reid Jr. (; December 2, 1939 – December 28, 2021) was an American lawyer and politician who served as a United States Senate, United States senator from Nevada from 1987 to 2017. He led the Senate Democratic Caucus from 2005 to 2 ...

. A Las Vegas judge later dismissed the charges, exonerating Krolicki and his Chief of Staff Kathy Besser.

Awards

On July 26, 2010, the

lehendakari The President of the Basque Government (, ), usually known in the Basque language as the Lehendakari (, ), is the head of government of the Basque Autonomous Community. The lehendakari leads the executive branch of the regional government. T ...

of the Basque Country gave him the Lagun Onari (''to the best friend'') basque prize in the state visit of the lehendakari

Patxi López Francisco Javier "Patxi" López Álvarez (; born 4 October 1959) is a Spanish politician serving as Member of the Congress of Deputies and chair of the Constitutional Committee. He has only completed secondary education but never graduated fro ...

to the

. In February 2024, Krolicki was awarded as a Peace Laureate of the Sino-Phil Asia International Peace Awards Foundation in Manila, Philippines in recognition of his contribution to public service.

References

External links

Official Nevada Lieutenant Governor website
, - {{DEFAULTSORT:Krolicki, Brian 1960 births Living people American bankers American politicians of Polish descent Lieutenant governors of Nevada Nevada Republicans People from Douglas County, Nevada Politicians from Carson City, Nevada Politicians from Warwick, Rhode Island Stanford University alumni State treasurers of Nevada