|Mayor Vidal names new Chief Financial Officer
DENVER, CO — Thursday, March 10, 2011 — Mayor Guillermo (Bill) V. Vidal today announced the appointment of Edward Scholz as Chief Financial Officer for the City and County of Denver, replacing Claude Pumilia, who is returning to the private sector as CFO of CIBER, Inc, a global information technology consulting firm headquartered in Greenwood Village. Scholz will assume his new role as Denver’s CFO upon Pumilia’s last day, March 21.
"I want to thank Claude for his public service to the City of Denver. His work played a major role in helping lead the City through the most challenging financial times since the Great Depression," said Mayor Vidal. “Ed Scholz will be an outstanding replacement for Claude, as he brings a terrific amount of institutional knowledge and insight to the position.”
Scholz, who is currently serving as Deputy Chief Financial Officer and Budget Director for the City, oversees a $2 billion budget and operation that includes performance management, financial analysis and long-term capital improvement planning. In his new role as head of the Department of Finance, Scholz will see oversee the Assessment Division, Budget and Management Division, the Controller’s Office, Denver Motor Vehicle Division, Risk Management and Treasury. He will also head the Structural Financial Task Force (SFTF), the group charged with addressing Denver’s long-term structural imbalance between operating revenues and expenditures. Pumilia will continue to serve on the SFTF as a representative from the business community.
“I have greatly appreciated the opportunity to serve as CFO for the City and County of Denver. I will miss the incredibly dedicated employees who made everything we did possible," said Pumilia.
Ed Scholz: Chief Financial Officer
Before joining the City and County of Denver, Scholz spent four years as Budget Director for the City and County of Broomfield, where he developed long-range financial planning tools to forecast the effects of new development on future city resources. He also implemented a Service Efforts & Accomplishments report designed to highlight departmental goals and performance metrics. Prior to his time with Broomfield, Scholz worked for Denver’s Budget Office in the Capital Improvements Division, where he developed the six-year Capital Improvements needs assessment and assisted in financing plans for large capital needs.
Scholz holds an MBA in Human Resources and Non-Profit Management and a BS in Finance from Binghamton University in New York. He has taught local and national courses for the Government Finance Officers Association, and is a recent graduate of the Harvard Kennedy School Senior Executives in State and Local Government program.