New Emory CFO left troubled agency
Emory’s new Chief Finance Officer left a complicated, messy situation at the Washington Metropolitan Area Transit Authority, the Washington Post reports.
The Post says that Carol Kissal, who previously served as the CFO of Metro, resigned from that job in April. Her resignation followed allegations of problems with the department’s contracting and procurement. She was also a defendant in a lawsuit against Metro, which officials settled for about $5 million, the Post reports.
To read the full story, click here.
Emory University referenced the controversy in its announcement about its decision to hire Kissal:
“Although a financial review conducted by the Federal Transit Administration (FTA) found weaknesses in adherence to procurement, control and process rules associated with FTA grants during her tenure, ‘Carol maintained the long-term view for WMATA’s financial performance and operating standards, and made steady incremental improvements against significant headwinds,’ says (Michael J. Mandl, executive vice president, business and administration).”
The University says it selected Kissal after a national search. Before working at Metro, Kissal worked as a treasurer at Amtrak, deputy director of the District of Columbia Department of Transportation and director of accounting and budgets for the District of Columbia public school system.
She begins her job in September, the announcement from the University says.
To read the full announcement from Emory, click here.