John Phelan speaks at Southern Methodist University in 2022. Image from university video President-elect Donald Trump announced Tuesday that private investment manager and Republican donor John Phelan is his choice for Secretary of the U.S. Navy. Phelan is the founder and chairman of Rugger Management, a private investment firm based in Palm Beach. He also co-founded MSD Capital, a private investment firm for Michael Dell, the founder of Dell Technologies. He serves on the board of Spirit of America, a military-focused nonprofit. “John will be a tremendous force for our naval servicemembers, and a steadfast leader in advancing my America First vision,” Trump said in a statement on
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