Illinois State Treasurer Michael Frerichs has been chosen as the next president of the National Association of State Treasurers, the nation's foremost authority for responsible state treasury programs and related financial practices, policies and education. Frerichs, who has been serving as NAST senior vice president, was elected president at the organization’s annual business meeting this fall
His term as president begins on Jan. 1.
“I’m honored to be chosen by my peers as the next leader of NAST, the leading voice for excellence in public finance,” Frerichs said. “I’m also thankful to outgoing NAST President Josh Haeder of South Dakota for his friendship and leadership in the organization. As I move into this new position, I look forward to building on the good work my team and I are doing in Illinois, and I’m excited about continuing to collaborate with state treasurers from across the nation on public finance matters and helping citizens build a better tomorrow."
Frerichs just completed his term as president of the National Association of State Auditors, Comptrollers and Treasurers (NASACT), a bipartisan organization that brings together state finance officials to address government financial management issues. He was unanimously elected to that post.
Frerichs was the first Illinois State Treasurer to serve as president of NASACT. Previous NASACT leaders from Illinois are Auditor General William G. Holland in 2015 and Comptroller Roland W. Burris in 1986.
Frerichs also will be the first Illinois State Treasurer to serve as president of NAST, and in that role, he will preside over the association’s annual conference in Chicago in September 2024.
NAST’s membership consists of all state treasurers or state finance officials with comparable responsibilities from the United States, its commonwealths, territories, and the District of Columbia, along with employees of these agencies. NAST also has a corporate affiliate program that was established to build professional relationships and foster cooperation between the public and private sectors.
At the NAST meeting this month, Frerichs was presented with the Harlan Boyles/Edward T. Alter Distinguished Service Award, which is given to a dedicated and committed public servant whose outstanding career in government has provided a respected voice for NAST at all levels of state government.