Tom Traber, WSSC’s Chief Financial Officer, to Retire after 33 Years of Service

Traber played key role in WSSC financial stability, oversaw rapid expansion of Capital Improvement Program

| News Release

OFFICE OF COMMUNICATIONS AND COMMUNITY RELATIONS

FOR IMMEDIATE RELEASE

Laurel – May 8, 2013:The Washington Suburban Sanitary Commission (WSSC) today announced that Chief Financial Officer Tom Traber is retiring after more than 33 years of service. Traber served in a variety of finance-related positions at WSSC, including the last 13 years as the CFO.

“During a tenure that included periods of economic upheaval and uncertainty, Tom maintained a straight-shooting approach combined with a keen mind for all things financial,” stated WSSC General Manager/CEO Jerry N. Johnson. “He built strong working relationships with elected officials and staff in both counties and in the process helped build trust and credibility.”

In 2001, Traber successfully leveraged years of sound financial practices and management to secure WSSC’s AAA bond rating from all three credit rating agencies. He has overseen the rapid expansion of the Capital Investment Program to address major projects related to upgrading our wastewater system (Consent Decree) and address our aging water delivery system. To this end, Traber played a leadership role on the Bi-County Infrastructure Funding Working Group, which is looking for both short and long-term sources of funding needed to repair WSSC’s aging infrastructure.

His approach to the budget has always reflected concern for the customer and how WSSC spends ratepayer dollars. Said Johnson, “Tom is known for his loyalty and dedication to our customers, our employees and most of all the institution that is WSSC. He is a fine public servant. He carries with him a vast wealth of knowledge. He will be missed.”

Traber has recruited and mentored a strong financial services team, to which he has imparted his unparalleled institutional knowledge. The group will carry on Traber’s legacy of sound financial management coupled with a strong strategic vision of future needs.

Tom Traber is retiring at the end of May. WSSC is conducting a national search for his successor.

For 100 years, WSSC has proudly served the citizens of Prince George’s and Montgomery counties – providing drinking water that has always met strict Safe Drinking Water Act standards and protecting the environment through vital water resource recovery services. Our vision is to be THE world-class water utility, where excellent products and services are always on tap.

 

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