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07-14-2004

Page history last edited by PBworks 17 years, 7 months ago

July 14, 2004

ROMNEY ADMINISTRATION MAKES SPRINGFIELD FINANCE BOARD APPTS

 

 

Administration and Finance Secretary Eric Kriss today named Revenue Commissioner Alan LeBovidge, turnaround specialist Jake Jacobson and seasoned financial expert Tom Trimarco to the Springfield Finance Control Board.

 

This five-member team, which will also include Springfield Mayor Charles Ryan and Springfield City Council President Dominic Sarno, will help restore the finances of the Commonwealth’s third largest city over the next three years.

 

“We have assembled a team of top-caliber individuals who are experts in their respective fields to help restore the fiscal condition of the City of Springfield,” said Kriss. “We will work together to establish sound business practices and create a balanced budget that aims to prevent future crises.”

 

As Revenue Commissioner, LeBovidge oversees the state’s collection of billions of dollars in revenue as well as the Division of Local Services, which helps manage municipal finance and administration. Prior to assuming that position, LeBovidge worked for more than 20 years at PricewaterhouseCoopers, retiring as Vice Chairman of the Taxes Division.

 

Jacobson, a turnaround specialist, assisted state officials in a 2003 assessment of Springfield’s finances that recommended special legislation to establish an oversight board. Jacobson previously led the successful turnaround of Vetco Gray, a $500 million oil services firm with 2,700 employees. He has more than 25 years of experience in management consulting and executive positions. Jacobson holds an MBA from Harvard Business School and an bachelor’s degree in mathematics from MIT.

 

Trimarco has extensive financial experience in both the public and private sector. He served as chairman of PRIM, which oversees the state’s retirement fund, and previously advised John Volpe at the U.S. Department of Transportation and as Counselor to Ambassador Volpe in Rome. Trimarco is currently a legal consultant. He is a graduate of Dartmouth College and Boston College Law School.

 

 

 

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