The U.S. Senate has confirmed John Phelan as the new Secretary of the Navy with a 62–30 vote. A successful businessman with no military background, Phelan gained bipartisan support for his financial expertise and commitment to reform.
Facing challenges like budget overruns, delayed shipbuilding, and audit failures, the Navy is seen as needing a fresh approach. Phelan, founder of investment firm Rugger Management and former partner at MSD Capital, plans to apply private-sector strategies to increase efficiency, accountability, and transparency.
