Council appoints Cam Weldon as Deputy City Manager and Chief Financial Officer

    TORONTO, Feb. 24 /CNW/ - Toronto City Council today appointed Cam Weldon
as the City's next Deputy City Manager and Chief Financial Officer.
    Mr. Weldon joined the City of Toronto in 2003 as the Director of
Accounting Services and became the City Treasurer in May 2005. He was
appointed Acting Deputy City Manager and Chief Financial Officer in October of
    While serving in these roles, Mr. Weldon has led several successful
initiatives which have strengthened the City's financial controls and
reporting. The revision of the City's Purchasing and Financial Control
by-laws, award winning re-design of the City's financial statements and the
development of the capital asset accounting system are all initiatives on
which Mr. Weldon demonstrated strong leadership and took innovative approaches
to municipal financial matters.
    "The appointment of an experienced City of Toronto financial manager will
prove invaluable as the City confronts the many challenges presented by the
uncertain economy," said Mayor David Miller.
    "Mr. Weldon will be an important part of our senior management team as he
brings a wealth of experience and knowledge to the position," said Toronto
City Manager Joe Pennachetti.
    Prior to joining the City in 2003, Mr. Weldon was with the Regional
Municipality of Halton for 20 years where he held increasingly senior
positions in the finance area including Regional Treasurer.
    Mr. Weldon has been a member of the Board of Directors of the Ontario
Municipal Employee Retirement System (OMERS) since 2005 and recently completed
a two year term as Chair of the OMERS Board Audit committee.
    Mr. Weldon holds a Bachelor of Commerce from McMaster University and is a
Chartered Accountant and was accredited as a Chartered Director in 2007.

    Toronto is Canada's largest city and sixth largest government, and home
to a diverse population of about 2.6 million people. It is the economic engine
of Canada and one of the greenest and most creative cities in North America.
In the past three years, Toronto has won numerous awards for quality,
innovation and efficiency in delivering public services. Toronto's government
is dedicated to prosperity, opportunity and liveability for all its residents.

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