The Herald Bulletin

Morning Update

Local Business

August 8, 2013

Mayor Smith appoints new city controller

Sam Pellegrino takes top job at C.A.T.S.

ANDERSON, Ind. — Mayor Kevin Smith announced two mid-term personnel changes at Thursday night’s City Council meeting.

Sam Pellegrino, who’s been city controller since Smith took office in 2012, is moving to become general manager of City of Anderson Transit System (CATS).

Jason Fenwick, a senior financial professional with 20 years of investment banking and municipal government experience, will become city controller.

Before accepting the job, Fenwick was the managing director at KeyBanc Capital Markets Inc. in Chicago. Before that, he served as vice president of J.P. Morgan Securities, Inc.

As an investment banker, Fenwick helped structure more than $15 billion in public financing for utility companies around the country.

Fenwick worked for the city of Indianapolis from 1994 to 1999 during the administration of Republican Mayor Stephen Goldsmith.

He started as an investments and financial administrator, then was named chief financial officer for the Department of Public Safety, and was later promoted to deputy controller where he directed, managed and implemented a five-year financial management plan.

“Fenwick has demonstrated experience with investment banking and utility financing; assets important to the financial integrity of Anderson’s municipal government,” Smith said.

“We are confident of his capabilities in helping us to resolve the financial challenges the city continues to confront,” the mayor added.

Fenwick holds a bachelor’s degree in mathematics, and an MBA in finance from Indiana University.

He was born and raised in Anderson and will live here with his family.

Pellegrino said he is “looking forward to the challenge,” of managing C.A.T.S. He said the city will be obtaining new buses in 2014, and plans to build a new bus terminal.

Earlier this month, Smith announced that Stephon Blackwell, who had been general manager of C.A.T.S, was named Anderson’s Parks and Recreation Department superintendent.

Like Stu Hirsch on Facebook and follow him @stuhirsch on Twitter, or call 640-4861.

 

 

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