Story thread · 2 reports / 2 sources

Mayor Johnson names as his new CFO a senior director from Fitch Ratings

suntimes.com · 3hShare

Under pressure to stabilize his finance team before an investors conference and a pre-election budget battle, Mayor Brandon Johnson has chosen a senior director at Fitch Ratings to serve as his new chief financial officer. Ashlee Gabrysch replaces Steven Mahr, who abruptly resigned, along with his top deputy, just days before veteran Budget Director Annette Guzman followed both men out the door. Gabrysch currently serves as senior director and mid-central region manager at Fitch Ratings. Since 2019, she has served as Fitch's lead analyst for both Chicago and Illinois. That makes the new CFO familiar with the city’s $36 billion pension crisis and the marathon budget battle that saw a City Council majority reject Johnson’s corporate head tax and pass an alternative city budget. That spending plan, includes revenues the mayor continues to oppose — and that have fallen short of projections. That has left the city with a $90 million mid-year shortfall. As a result, Mahr and Guzman raised th

First report: Chicago Taps Fitch Senior Director as New CFO Amid Rash of Exits — bloomberg.com, 1d