Brown named DC Water CFO

Brown

DC Water announced recently that it has named Matthew Brown as its new chief financial officer (CFO). Brown has been serving as the director of the Office of Budget and Finance for the District of Columbia since January 2015 and as the DC Water Chairman of the Board since 2015. He will begin in the CFO position in September.

“We are extraordinarily fortunate that Matt Brown has agreed to join Team Blue as our Chief Financial Officer,” said George Hawkins, DC Water CEO and general manager. “First and foremost, Matt is a wise and experienced expert in finance— having held a series of financial roles in several organizations, culminating in his successful run as the budget director for the District of Columbia. Second, Matt has unparalleled knowledge of the issues that are important to DC Water – and is deeply familiar with challenges facing our enterprise, our ratepayers and all our stakeholders. Third, Matt is well-known and highly respected by our Board, by our staff, and by the wide range of stakeholders we serve in the District and the suburbs. Matt has been a fantastic Chair of our Board and we are sorry to see him leave that role. Yet we are even more delighted to welcome him to Team Blue!

In his new role, Brown will oversee DC Water’s annual operating budget of $535.8 million and a 10-year capital improvement program of $3.8 billion. Brown will have overall responsibility for DC Water’s financial management and policies, including: accounting operations and financial reporting; budget formulation and execution; program analysis and evaluation; treasury; controller; investment and debt management; and risk management.

“I am honored to have the opportunity to serve as CFO.  DC Water is a world-class organization, and I am thrilled to join an innovative and dedicated team that works every day to deliver clean water to customers and to protect our environment,” said Brown.

Prior to being tapped by District of Columbia Mayor Muriel Bowser for his current position, Brown served as director, District Department of Transportation (DDOT) and as the deputy director for resource allocation for DDOT. Prior, he served as the managing director of WMATA’s Office of Management and Budget Services. Brown also gained significant private sector experience while working with Public Financial Management, Inc.

Matthew Brown holds a B.A. in Political Science from Texas Wesleyan University, and an M.P.A. in Budget and Public Finance from the George Washington University.

Tags:

Leave a Reply

Your email address will not be published.

*