The latest news and top stories on John Phelan, the 79th United States Secretary of the Navy. He was sworn in on March 25, 2025, overseeing nearly one million sailors, marines, reservists and civilian personnel. Phelan, a businessman and financier, founded Rugger Management LLC and co-founded MSD Capital. He aims to apply his business expertise to address Navy challenges including shipbuilding, maintenance and cost overruns.