Under Secretary for Management Patrick Kennedy swore in Robert D. Hormats as the Department of State’s new Under Secretary for Economic, Energy and Agricultural Affairs (E) today. He will serve as the Department’s senior economic official, advising the Secretary on international economic policy. As Under Secretary, he will lead the work of the Department on issues ranging from trade, energy, and aviation to bilateral relations with America's economic partners. President Obama nominated Mr. Hormats on July 20, 2009. The Senate confirmed his appointment on September 22, 2009.
Most recently, Mr. Hormats served as Vice Chairman of Goldman Sachs (International). He previously served as Assistant Secretary of State for Economic and Business Affairs from 1981to 1982, Ambassador and Deputy US Trade Representative from 1979 to 1981, and Senior Deputy Assistant Secretary for Economic and Business Affairs at the Department of State from 1977 to 1979. He served as a senior staff member for International Economic Affairs on the National Security Council from 1969 to 1977, where he was senior economic advisor to Dr. Henry Kissinger, General Brent Scowcroft and Dr. Zbigniew Brzezinski.
Mr. Hormats received a B.A. with a concentration in Economics and Political Science from Tufts University in 1965. He received an M.A. in 1966 and a Ph.D. in International Economics in 1970 from the Fletcher School of Law and Diplomacy.