The Honorable Michael J. McCord was elected to The Aerospace Corporation’s Board of Trustees on September 2, 2020. McCord is the director of Civil-Military Programs at the Stennis Center for Public Service, a legislative branch organization that promotes public service and enhances the leadership skills of congressional staff. He also serves as an adjunct research staff member at the Institute for Defense Analyses, focusing on defense management, cost, and acquisition policy issues, and analysis of the implementation of the National Defense Strategy.
Prior to that, McCord served at the Department of Defense (DOD) as the under secretary of defense (comptroller)/chief financial officer and, before that, as principal deputy under secretary of defense (comptroller). In these Senate-confirmed positions, he advised four secretaries of defense and was responsible for development and execution of annual defense budgets totaling more than $550 billion. McCord also was responsible for all communications and negotiations on defense budget matters between DOD, the President’s Office of Management and Budget, and Congress, including all reprogramming needed to meet emerging DOD needs. He also managed the department’s Recovery Act program for two years, which successfully executed more than 4,000 construction and energy-efficiency projects, and he oversaw the department’s financial audit improvement efforts.
Before that, McCord spent 24 years in the legislative branch, including 21 years as a professional staff member on the Senate Armed Services Committee (SASC), focusing primarily on budget, fiscal policy, and military readiness and installation issues. While on the SASC he authored several legislative provisions including language that established procedures for the 2005 Base Realignment and Closure (BRAC) considerations and for the FY1998 revisions to depot maintenance laws setting forth rules for public-private competition of workloads. McCord also played a key role in drafting legislation creating the military’s housing privatization and utility privatization programs.
McCord has guest-lectured on the federal budget process, defense budgeting, and decisionmaking and has presented on these topics to various organizations. He has appeared on public affairs broadcasts such as Government Matters to discuss topics such as defense funding, audit, and management.
McCord earned a bachelor’s degree with honors in economics from Ohio State University, and a master’s degree in public policy analysis from the University of Pennsylvania.
McCord is a Fellow of the National Academy of Public Administration (NAPA), where he served as an expert panel member on studies of improving fiscal policy, science and technology support to Congress and on the management of the Defense Nuclear Facilities Safety Board. He is a member of the American Society of Military Comptrollers and was presented with that organization’s National President’s Award in 2017. He is also a four-time recipient of the Department of Defense Medal for Distinguished Public Service and served on the Commission on the National Defense Strategy for the United States.