Tom Krause | |
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| Born | 1977 or 1978 (age 47–48) |
| Education | Princeton University (BA) |
| Occupation | Business executive |
| Title | CEO, Cloud Software Group former Fiscal Assistant Secretary of the Treasury[1] |
Tom Krause (born 1977 or 1978[2]) is an Americanbusiness executive who was theFiscal Assistant Secretary of the Treasury from February to June, 2025[1] and chief executive officer of theCloud Software Group. Krause's dual positions raised ethics concerns, as his company has contracts with the federal government worth millions.
Krause's departure from the U.S. Treasury in 2025 also concluded his involvement with theDepartment of Government Efficiency.[3]
Krause earned a B.A. ineconomics fromPrinceton University.[4]
Krause began his career as aninvestment banking analyst atRobertson Stephens.[5][4] He later worked at venture capital firmTechnology Crossover Ventures for two years before serving as vice president ofbusiness development atTechwell for six years.[5] He then founded Krause Consulting Group, where he advised public and private technology companies on financial strategy.[5]
In 2016, Krause joinedAvago Technologies as vice president ofcorporate development.[5] Following Avago's merger with Broadcom, he became Broadcom Inc.'schief financial officer, overseeing financial functions, mergers and acquisitions,human resources, andinvestor relations.[5] This included the acquisition ofSymantec's enterprise security business in 2019.[6] In 2020, he was appointed president of Broadcom's software group, overseeing six software divisions.[2] He participated in negotiations for Broadcom's $61 billion acquisition ofVMware and was involved in assessing VMware'sresearch and development expenditures.[2]
In July 2022, Krause resigned from Broadcom and became chief executive officer of theCloud Software Group, which ownsCitrix Systems,Tibco,Spotfire, andJaspersoft.[5] The company providescloud andinformation technology services to a globalcustomer base.[5] After Krause joined Cloud Software group it laid off 15 percent of its employees.[7] A year later it laid off an additional 12 percent.[8]
In January 2025, Krause became involved with theU.S. Treasury Department as part of theDepartment of Government Efficiency (DOGE).[5] He was assigned as aspecial government employee to review the federal payment system and was granted limited access as a liaison between the Treasury and DOGE.[9][10] According to SecretaryScott Bessent, Krause's DOGE involvement was for auditing purposes and included "read-only" access to the coded data of the payment system.[11] On February 7, 2025, he was appointed as theFiscal Assistant Secretary of the Treasury, the highest-ranking non-political position in this office,[12] succeedingMatthew Garber who had been acting in the role sinceDavid Lebryk's resignation.[9] Krause continued to work at Cloud Software Group despite his employment by DOGE, this had been cited as a potential conflict of interest.[13][14] Krause's position at the Treasury included oversight of "U.S. debt, management of large-scale tech systems and handling of the federal debt limit."[15]
In late March 2025, Krause reported extensive financial holdings in companies doing business with the Treasury Department and other executive agencies including those providing services to Treasury's fiscal services bureau, those participating in Treasury bond auctions the bureau manages, government contractors and large technology firms. Krause and two other members of the Treasury DOGE team also reported owning shares inIntuit, parent company ofTurboTax, which has lobbied against Treasury's IRS Direct File program, a program DOGE had targeted for elimination. These holdings raised ethics concerns among former Treasury officials and government oversight experts, though a Treasury spokesperson stated all involved were following government ethics rules.[16][17]
Krause’s departure from the Department of Treasury was effective on June 6, 2025..[1]