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Monday, November 9, 2015

Roosevelt Island Operating Corp Chief Financial Officer Frances Walton Retiring - RIOC Will Soon Be Looking For A New CFO

Learned today that Roosevelt Island Operating Corp (RIOC) Chief Financial Officer Frances Walton


is leaving her position. I asked RIOC President Charlene Indelicato if that is true. Ms Indelicato confirmed and added:
Frances Walton, RIOC’s Vice President and Chief Financial Officer is retiring from State service as of December 4, 2015. Frances’ decision to leave RIOC is a huge loss to the administration of the corporation and also a personal loss. Not only has she been unendingly supportive and instrumental in furthering of the state’s goals of good government by transparent and judicious use of state funds but has involved herself in the many projects of RIOC.

I am saddened by her departure and know that it will be extremely difficult to fill her “marathon” sneakers.
Ms Walton is an avid marathon runner having completed this year's NYC marathon.

The Proposed Fiscal Year 2016 - 2017 RIOC Budget is expected to be approved at the December 3 RIOC Board of Directors meeting.

Ms Walton was named RIOC CFO in January 2014 after a long career as CFO at the NY State Empire Development Corp (NY EDC).

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