Atlanta Development Agency Taps DiGiovanni as CFO

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ATLANTA — The Atlanta Development Authority has named Tom DiGiovanni as its new chief financial officer.

The economic development agency for Atlanta said DiGiovanni was most recently president and managing partner of Newhouse Development Co., a residential real estate investment, development, and management company based in Washington State and specializing in earth-friendly building practices.

He begins his new role effective Monday.

DiGiovanni replaces former CFO Lawrence Gerlach, who will join Harlem Irving Cos. in Chicago.

Prior to joining Newhouse, DiGiovanni held executive management positions at several different Seattle-based companies that won national and regional awards for their high levels of growth.

“We’re delighted that Tom is joining our team,” said Peggy McCormick, president of the ADA. “He is an experienced chief financial officer and has been part of growing companies for the last 20 years. He will be a business partner to us all and will help our team implement the economic development plan for the city of Atlanta.”

The ADA said in a news release that DiGiovanni has an extensive background in residential and commercial real estate development, financing, and contract negotiations. He has worked in accounting and auditing in both the public and private sectors.

DiGiovanni is a native of New York. He received a bachelor of business science degree in accounting from the Rochester Institute of Technology in 1988 and is currently licensed as a CPA in Washington State.

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