INC NEWS - Pennoyer Steps Down as Finance Director

[Blalock, Amy]

CITY OF DURHAM

Office of Public Affairs

101 City Hall Plaza

Durham, NC 27701

 

News Release

 

For Details, Contact:

Beverly B. Thompson

Public Affairs Director

(919) 560-4123 x 229

(919) 475-2362 (cell)

Beverly.Thompson at durhamnc.gov

 

 

For Immediate Release:  January 8, 2008

 

 

Finance Director to Leave City of Durham

 

Durham, N.C. - Durham City Manager Patrick W. Baker today accepted the
resignation of Kenneth C. Pennoyer, who has served as the City's finance
director since 2003, and assistant director since 1999.  Pennoyer will
start a new position as the business management director for the Town of
Chapel Hill February 4.

 

"Ken has served the city well," Baker said.  "In addition to ensuring
the City's Triple A bond rating with all three ratings agencies, Ken was
instrumental in the City's economic development negotiations over the
past few years, particularly the Durham Performing Arts Center and other
major downtown projects.  He also led preparations for the City's two
successful bond referenda in 2005 and 2007.  We will miss him, and wish
him the best in his new position."

 

As finance director, Pennoyer is responsible for the divisions of
accounting, customer and billing services, duplicating and graphics,
purchasing, risk management and treasury.  

 

Pennoyer's last day with the City is January 29.  Baker plans to name an
interim within the next two weeks.

 

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