Pennsylvania Senate: David McCormick (R)
David McCormick is an American businessman and politician who served as chief executive officer of Bridgewater Associates, one of the world’s largest hedge funds, from 2020 to 2022.
He is the husband of Dina Powell, an executive at Goldman Sachs who was deputy national security advisor in the Trump administration.
Born in Washington, Pennsylvania, and raised in Bloomsburg, McCormick is a 7th generation Pennsylvanian.
After graduating from West Point, McCormick served in the Army’s 82nd Airborne Division as a paratrooper.
He was deployed to the Middle East during the First Gulf War and received the Bronze Star for his service in Iraq before retiring as a Captain.
After the Army, he earned his Ph.D. in International Relations from Princeton University before moving to Pittsburgh to start a career in business.
He worked his way up to become the CEO of FreeMarkets, a successful tech startup that employed hundreds in Western Pennsylvania.
In 2005, McCormick was called to service again, being appointed under secretary of Treasury by President George W. Bush, and later serving as deputy national security advisor.
Following the administration, he joined Bridgewater Associates, one of the largest, most successful investment firms in the world, which manages the pension plans of groups including teachers, firefighters and law enforcement.
He served as CEO until he resigned to run for Senate in Pennsylvania in 2022.
McCormick has four daughters from a previous marriage, and two stepdaughters from his current marriage to Powell.
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