- Associated Press - Thursday, December 22, 2016

DOVER, Del. (AP) - Governor-elect John Carney has tapped the head of Delaware’s Division of Corporations to become his finance secretary.

Carney announced Thursday that he has selected Rick Geisenberger to lead Delaware’s Department of Finance, which is responsible for tax collections, economic and fiscal policy and management of the state’s finances.

Geisenberger currently serves as deputy Secretary of State and was an economic policy adviser to former Gov. Tom Carper. He has overseen the Division of Corporations since 2001.

Delaware is the corporate home to more than a million business entities, including two-thirds of the Fortune 500. Corporate franchise revenue generates roughly $1 billion a year for the state’s general fund.

Carney, a Democrat, also said Thursday that he will retain James Collins as chief information officer.


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