As of November 2014, Rick Perry is serving his third full term as governor of Texas. The 47th governor of the state originally took office in December of 2000 to finish the unfulfilled term of the then-governor and newly elected President George W. Bush.
Perry went on to win terms of his own in 2002, 2006 and 2010. He did not seek re-election in the 2014 race. Rick Perry ran for the Republican nomination for president in 2010, which eventually went to Mitt Romney. Governor Perry believes in strict fiscal discipline and has reduced revenue spending in the state during his tenure.
Republican Greg Abbott, the Texas Attorney General, became the Governor-elect of Texas on November 4, 2014. He defeated Texas State Senator Wendy Davis to win the position.