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Preckwinkle taps new CFO for Cook County

Thursday, August 17, 2017
Crain's Chicago Business
by Greg Hinz

Facing a major revolt over her new tax on sweetened beverages, Cook County Board President Toni Preckwinkle is sticking close to home in choosing a new chief financial officer.

Preckwinkle announced today that Ammar Rizki, who has been acting CFO since June after previously serving as chief deputy CFO, will get the big desk for good. The selection requires board approval, but that is considered a formality.

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"Ammar Rizki is supremely qualified and is an exceptional candidate," Preckwinkle said in a statement. "(Rizki) will guide our continued efforts to ensure long-term financial stability."

 

According to Preckwinkle, the new CFO managed an upgrade of the county's financial administration system and helped devise a multiyear financial plan that should, in theory, limit the increase in county debt and pension obligation to a maximum of 2 percent a year.

Rizki holds an MBA from the University of Chicago's Booth School of Business and a bachelor's degree in finance from the University of Illinois at Chicago. He will succeed Ivan Samstein, who left for a similar post at the University of Chicago.

I'll let you know if he's a soda-pop drinker when I find out.



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