Gov. Henry McMaster has named a new chairman to a state board that forecasts how much money state lawmakers will have to spend.

McMaster has appointed Edward Grimball of Edisto Island to chair the SC Board of Economic Advisors.

Grimball, 72, is a CPA with more than 30 years of executive experience, according to a news release. Most recently, the graduate of The Citadel and University of Virginia was CFO and board member of Hydro-Photon.

He also was executive vice president and chief financial officer for Whitney Holding Co., overseeing the management of a $3 billion investment portfolio.

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