Texas businessman Ray Washburne is being named national finance chairman of the Republican National Committee, the organization announced on Wednesday.
Washburne was appointed by newly re-elected chairman Reince Priebus. His appointment is still subject to confirmation by whole committee.
On Wednesday, Priebus said Washburne “brings a tremendous amount of fundraising expertise to the RNC as well as operations experience” from his business ventures.
“That experience will be an invaluable asset as the RNC begins investing in a permanent infrastructure across the country including ground game, engagement in key communities, data and technology,” Priebus said.
If confirmed, Washburne will replace outgoing finance chairman Ron Weiser, whom Priebus praised for helping to eliminate the committee’s $24 million dollar debt.
Washburne is the chairman and CEO of the Dallas-based private investment company Charter Holdings and is the co-founder of the company which owns the Mi Cocina and Taco Diner restaurant chains.