PROVIDENCE, R.I. (AP) — Rhode Island’s Economic Development Corp. has a new leader after the state Senate on Tuesday unanimously approved Gov. Lincoln Chafee’s pick to head the agency, still reeling from its failed investment in former Red Sox pitcher Curt Schilling’s video game company.

Immediately following his Senate confirmation, new Executive Director Marcel Valois told The Associated Press that he understands the state’s economic problems have no simple answers. He said he’ll begin his new role Wednesday with conversations with private business owners.