New Chief Financial Officer Appointed at WSSC
Senior Executive’s Portfolio Includes Finance, Water and Construction
OFFICE OF COMMUNICATIONS AND COMMUNITY RELATIONS
FOR IMMEDIATE RELEASE
Laurel – December 4, 2014: Yvette Downs, well known for her budget and finance experience in the DC region, has been appointed Chief Financial Officer (CFO) for WSSC to provide oversight for its operating budget of $707.2 million and a capital budget of $625.4 million.
In making the appointment, WSSC GM/CEO Jerry N. Johnson praised Downs’ expertise. “We are pleased to add Yvette Downs to our executive leadership team. She brings not only financial and operational acumen, but also essential skills and knowledge of the water and wastewater industry, construction management and a commitment to public service.”
Downs most recently served as the Director, Operating and Capital Budgets for the Washington Metropolitan Area Transit Authority; as an independent Senior Financial Consultant; and Interim Chief Financial Officer for the Metropolitan Sewer District in Cincinnati, Ohio; and as Interim Chief Financial Officer and Director, Finance and Budget for DC Water. She has more than 30 years of experience in leadership, financial oversight, strategic planning and capital budget management and development.
Downs will lead WSSC’s Finance Office, which is responsible for maintaining the fiscal integrity of the Commission and ensuring that resources are efficiently allocated and used to provide value to customers. The CFO is also charged with forecasting revenues and expenditures, as well as advising on long-range financial plans and policies.
For 18 consecutive years WSSC’s Finance Office has been awarded the Government Finance Officers Association’s Distinguished Budget Presentation Award, and continues to maintain a AAA bond rating.
“As WSSC’s CFO, Downs is also the key liaison to our county governments on financial matters,” said Johnson. “We have always worked well with our colleagues and I know she will not only maintain, but also build upon those relationships.”
Downs holds a master’s of business administration degree from Keller Graduate School of Management and a bachelor’s degree in economics from Vassar College. Additionally, she is a Certified Construction Manager and active in various professional and community organizations, including leadership posts.
Downs will begin her WSSC post on January 5, 2015.
WSSC Water is the proud provider of safe, seamless and satisfying water services, making the essential possible every day for our neighbors in Montgomery and Prince George’s counties. We work to deliver our best because it’s what our customers expect and deserve.