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In Aftermath of Audit, Public Works Director Is Out

Montrose County Media Relations Manager Katie Yergensen said on Tuesday that Public Works Director Brian Wilson, who oversaw Road and Bridge, “is no longer with the county” and that assistant director Dan Loncar has been named interim director of public works.

One in ten UK households are asset millionaires

"Those two trends then interact because the wealth of the 'baby boomers' is partly run down during retirement, but is then passed on for people to inherit," he said. "It is a very big lottery effect, which will change things for the next generation."

Pizzurro resigns as Denton town manager

Victor Pizzurro resigned as town manager of Denton on Friday via a letter emailed to Mayor Scott Morris and members of the Denton Board of Commissioners.The mayor received the notice at noon Friday and stated that the letter cited family and health issues as the reasons for his resignation, which was effective as of 5 p.m. that day. Pizzurro could not be reached for comment.Genie Russell, who serves as town clerk, was named interim manager by the board during its scheduled meeting Monday. The most critical issue facing the board is that Pizzurro left the town budget for the upcoming year unfinished. Morris said he and Russell will work together to prepare the budget in time for a work session with the board of commissioners next week. Pending any further adjustments, they plan on holding a public meeting on the budget in two weeks. According to the Local Government Budget and Fiscal Control Act, local governments must adopt their budgets by June 30 each year. If it is not adopted by then, they have the option to temporarily adopt an interim budget. The Local Government Budget and Fiscal Control Act governs all agencies of local government in the state of North Carolina.Morris said on initial review, he does not foresee any increases in property tax rates, but they may consider making adjustments to the sanitation rate. All other expenditures for the town budget are still being reviewed."We're still working on it," Morris said.Pizzurro is a native of Fairfax, Va., who accepted the job of town manager in May 2012 after being offered the position by the Denton Board of Commissioners. The town was without a manager for almost two years after the departure of F.E. Isenhour in February 2010. Up to 20 applicants applied for the position, but only six or seven were interviewed. Officials said at the time they chose Pizzurro because they were impressed with his background in economic development.Pizzurro was previously director of development and planning for the Town of Lamar in South Carolina. Before going to Denton, he served as a consultant for towns of Lamar, Society Hill and Lynchburg in South Carolina after his position in Lamar was eliminated because of budget cuts.He has a bachelor's degree in geography from George Mason University and received economic development training from the University of Oklahoma, the Georgia Institute of Technology and the South Carolina Economic Developers School. He was also chairman of the Darlington, S.C., Chamber of Commerce.Morris said the board of commissioners plans on immediately advertising for the town manager position in various publications geared toward town and city management groups. "At this moment, we don't have a criteria in place for advertising the position, but we will have it very soon," he said.He said he didn't think they would reconsider any of the previous applicants due to the length of time since they first started interviewing for the position, but they were welcome to reapply.Sharon Myers can be reached at 249-3981, ext, 228 or at sharon.myers@the-dispatch.com.

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Posted by Interim Partners, Interim legal advisor specialists.

New interim chairman for East of England ambulance trust

Other previous roles include executive director of the British Overseas Trade Group for Israel, board member of the Public Health Laboratory Service and managing director at Agrevo Environmental Health.

Phaneesh Murthy sacked: Complete statement by iGate

iGate Corporation announced today that its Board of Directors has decided to terminate the employment of President and CEO Phaneesh Murthy. Concurrently, the Board has appointed Gerhard Watzinger as President and CEO on an interim basis. All changes are effective immediately. (Read complete story here) The Board's decision was made as a result of an investigation by outside legal counsel, engaged by the Board, of the facts and circumstances surrounding a relationship Mr. Murthy had with a subordinate employee and a claim of sexual harassment. The investigation, which is ongoing, has reached the finding that Mr. Murthy's failure to report this relationship violated iGATE's policy, as well as Mr. Murthy's employment contract. The investigation has not uncovered any violation of iGATE's harassment policy. (Also read: Who is Phaneesh Murthy) "The Board deliberated extensively on this matter," said Sunil Wadhwani, Co-Founder and Co-Chairman of the Board of iGATE. "We recognize the significant contributions Mr. Murthy has provided over the past ten years in helping to establish iGATE as a leader in the IT industry. He has worked hard to improve the value of iGATE, and we greatly appreciate his efforts. However, as a result of this violation of iGATE policy, we asked Mr. Murthy to step down." Gerhard Watzinger, age 52, is a successful 29-year IT industry veteran, who previously served as an executive at iGATE from 1998 to 2003 in a number of roles, including CEO of the iGATE Solutions business (formerly Mascot Systems). During his tenure, Watzinger drove iGATE Solutions' transition from a U.S.-centric operation to an international organization across four continents, closed some of the largest deals in the company's history and increased the company's market value by over 150%. Watzinger returns to iGATE from INTEL / McAfee, where he was EVP and Chief Strategy Officer. Previously, Watzinger also served as CEO of both SafeBoot and APT International, Partner and Managing Director at Price Waterhouse and Managing Director at CapGemini. "Mr. Murthy's departure was not related in any way to the company's operational or financial performance, both of which remain strong," said Ashok Trivedi, Co-Founder and Co-Chairman of the Board of iGATE. "iGATE will continue to focus on creating value for our customers and shareholders, while upholding the highest ethical standards in every area of our business. We are fortunate to have Gerhard Watzinger returning to iGATE during this transition. Watzinger possesses deep knowledge of iGATE's business and he assumes his responsibilities as our Interim President and CEO with the full support of the Board." "iGATE has great resources and a deep bench of talent from which to draw upon to further create shareholder value," said Mr. Watzinger. "We have a clear strategy that has put us in this strong position to maintain our successes into the future. Continuing to execute this strategy is our top priority." Mr. Wadhwani and Mr. Trivedi will work closely with Mr. Watzinger during his tenure as Interim President and CEO to ensure a seamless transition. A Search Committee within the Board of Directors has been created, which will oversee the process for the identification and selection of a new President and CEO. The Committee has been charged with selecting an experienced industry veteran to take over as the permanent President and CEO and drive long-term growth for iGATE, while upholding the highest ethical standards, personally and professionally. Mr. Watzinger has taken himself out of consideration for the role of permanent President and CEO, but he will serve as Interim President and CEO until the selection process is complete. The company does not expect to make any additional structural or executive leadership changes in the near future.

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Posted by Interim Partners, Management consultant specialists.