Bay Buzz

The staff of the Tampa Bay Times

St. Petersburg names new finance director

ST. PETERSBURG -- Anne Fritz, the director of finance for Westlake, Ohio, has been named the city's new director of finance.

City Administrator Tish Elston announced the appointment today, which is also the last day for Jeff Spies, who resigns after 23 years with the city. Although lauded by Elston as a top financial adviser "who contributed greatly to the financial leadership and fiscal well-being of the city," Spies oversaw a controversial securities lending program that drained roughly $15.8 million from city coffers. Last month, the city filed suit against Wachovia Bank in an attempt to recoup the lost revenue.

Elston conducted a national search and interviewed seven candidates for Spies' replacement.

Since 2000, Fritz has been Westlake's finance director, overseeing that city's investments, accounting and financial reporting, budgeting, labor negotiations, auditing and debt management.

She starts on June 14. Thomas Hoffman, the city's controller, will serve as interim finance director.

Michael Van Sickler, Times staff writer

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[Last modified: Wednesday, May 26, 2010 12:36pm]

    

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