Columbia’s new CFO job doesn’t mean finance director is going away
01/18/2013 2:29 PM
01/18/2013 2:30 PM
Bill Ellis, Columbia’s finance director, remains in his job at the same salary, new city manager Teresa Wilson said Friday.
However, Ellis will report to the city’s first chief financial officer, Jeff Palen, she said.
Wilson on Thursday announced she had created the CFO position and named Palen to the post. But Wilson’s written statement about her decision did not address how Palen’s job would affect the post Ellis has held for several years. Ellis, who makes $107,100, helped guide the capital city through several years of financial problems.
Before Palen’s promotion, he was city treasurer for four years and reported to Ellis. Palen said Friday that his old position is to remain unfilled and perhaps eliminated because his old duties are folded into the new $117,500 CFO job.
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