As if there wasn’t enough financial upheaval in Montclair, Gordon Stelter, the town’s Chief Financial Officer since 2007, has stepped down. Stelter will be the new CFO for the town of Rutherford.

Councilor Cary Africk had this to say in an email on Saturday:

We were all, on the Council, surprised to hear that Gordon had resigned. We’d been working with him on the budget and have no idea of any possible reason. He’s very knowledgeable, and extremely cooperative. He has a tremendous background in all things “Municipal Finance” and, indeed, worked as a Municipal Auditor.

Stelter is expected to begin his new position in early March, leaving him a bit of time to help sort out the details of the 2011 budget.

9 replies on “Montclair CFO Steps Down”

  2. How much money is the town going to spend to find a replacement, and how much more will they have to pay for thier salary.

  4. ROC,

    That’s one way of looking at it. Though I had expected you to come up with all sorts of conspiracy theories.

    Grew,

    He was “only” getting around $129K. His salary is reportedly the same in Rutherford. Given the importance of his position, and his qualifications, that was probably a low number. Given the position’s ability to affect Montclair, and given that we are able to find excellence, I expect we’ll pay more.

    Stu,

    As usual, you are a riot.

    Cary

  7. Any “CFO” that presided over this s— show of a budget should have been tarred and feathered. Do you think that he knows where some additional skeletons are going to pop out of this fun house? Also, don’t sell the Dutch guy on the bike short, they’re usually better with numbers than the alchemists that we have around here.

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