Gov. Scott Walker announced this week that Department of Financial Institutions Secretary Lon Roberts will replace current Public Service Commissioner Phil Montgomery whose term on PSC ends next month. Montgomery had served 12 years in the Wisconsin Assembly before his six-year term on PSC.

Roberts, Montgomery’s replacement, was a partner and president at a law firm in Wausau and served as chair of the State of Wisconsin Investment Board before becoming DFI secretary in February 2016.

Walker also announced that Jay Risch, current DFI Deputy Secretary, will replace Roberts as head of DFI on March 6. Risch has served as Deputy Secretary since 2015. His previous experience includes lobbying for the Wisconsin Bankers Association and serving as deputy secretary of the Department of Safety and Professional Services.