BRADENTON, Fla. — After just over a year on the job, Joya De Foor is no longer Atlanta’s chief financial officer.
It is not clear if she was fired or resigned.
Details about De Foor’s departure have not been released by Mayor Kasim Reed.
Reed’s office did not respond to requests for comment about her employment Wednesday.
City Council members were informed about her departure on Monday in an email from Reed’s staff.
Some members of the council’s finance committee were surprised, sources said.
De Foor, the former treasurer for Los Angeles, was among three finalists for the key job in Reed’s administration.
The mayor nominated her as CFO six months after he took office in January 2010, and the council confirmed her hiring.
In a release late Wednesday, Reed named J. Anthony “Jim” Beard as acting CFO subject to confirmation by the City Council. The release did not mention De Foor.
Beard was among the three finalists along with De Foor for the CFO position last year.
Instead, he was hired as deputy commissioner and CFO for the Department of Watershed Management, where he addressed billing issues and overhauled the agency’s customer service function, according to the mayor.
“I am confident that Jim Beard is the right person to continue guiding Atlanta toward an even stronger financial position,” Reed said in a statement.
Beard formerly was director of compliance and revenue for the clerk and comptroller’s office in Palm Beach County, Fla., where he managed a $2 billion cash and investment portfolio and a $1.7 billion fixed-income debt portfolio.
Previously, he was the principal consultant of his own financial services firm, which the city did not name. Before that he worked at the former Howard Gary & Co., a Miami-based finance and investment firm.
Beard received a bachelor’s degree from Florida International University and a master of business administration degree from Northwestern University.
As of June 30, 2010, Atlanta had $3.2 billion of outstanding sewer revenue bonds, $2.23 billion of airport revenue bonds, and $1.05 billion of other long-term debt, including $260 million of general obligation bonds.
The city’s GOs are rated Aa2 by Moody’s Investors Service and A by Standard & Poor’s.
