Chicago Mayor Richard Daley last week replaced his chief of staff Paul ­Volpe with Raymond Orozco, who had led the Office of Emergency Management and Communications. Volpe will become budget director of the Chicago Transit Authority.

Volpe was named chief of staff in December 2008. Daley elevated him from budget director to chief financial officer in June 2007. In the city’s top fiscal spot, Volpe oversaw budgetary and capital spending, public-private partnership transactions, debt issuance, rating agency relationships, and pension issues.

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