For Immediate Release - December 01, 2011

Grossman Promotes Two Senior Staff Members to Top Positions

Al Gordon and Jim MacDonald to Assume Key Leadership Posts

Steven Grossman today named Al Gordon as Deputy Treasurer for Policy and formalized an earlier announcement by officially appointing James MacDonald as his First Deputy Treasurer, elevating two members of his team to key leadership roles.

“Al and Jim have proven time and again their dedication to public service, a deep understanding of public policy matters, and an ability to deliver results under often challenging circumstances,” said Grossman.  “I look forward to their enhanced roles at Treasury, as well as their continued wise counsel.”

Gordon has an extensive public policy background and has served for nearly a year as the Treasury’s Director of Policy.  A graduate of Dartmouth College and the Master’s program in Public Administration at Harvard’s Kennedy School of Government, Gordon has served as a congressional aide and worked as a policy consultant for firms in Boston and Washington, D.C. He has a lengthy career as a journalist, writing for publications such as Newsday, The Patriot Ledger in Quincy, the Rocky Mountain News in Denver and Congressional Quarterly

“Serving at the Treasury has been a great opportunity to turn ideas into substantive policies that streamline government and improve the quality of life for Massachusetts citizens,” said Gordon.  “I look forward to helping the Treasurer continue along the path he has charted of protecting the public’s money, helping grow the Massachusetts economy, and boosting small businesses.”

MacDonald, a 36-year veteran of the Treasury, previously served as Deputy Treasurer for Investment Operations, where he managed the daily clearing of the Commonwealth’s bank accounts, short-term investing in the Massachusetts Municipal Depositary Trust, the Small Business Banking Partnership, and the reconciliation of bank accounts and fund activity.  As Deputy Treasurer, he oversaw the effort to competitively bid the Treasury’s core banking services, saving the Commonwealth approximately $915,000 a year.  He will continue to perform these duties as First Deputy Treasurer.

“I’m honored to take on this expanded role at Treasury,” said MacDonald, who also chairs the Dedham Board of Selectmen.  “The past ten months have seen a watershed of exciting initiatives that have built on Treasurer Grossman’s commitment to be more entrepreneurial, and I’m excited to be part of this team.”

MacDonald’s planned appointment was announced in October.  He replaces Katherine Craven, who is joining the UMass Building Authority as its Executive Director.