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DBR Director McGreevy to Serve Special Assignment as Advisor at EDC

Providence, RI – Governor Lincoln Chafee announced today that he has asked Department of Business Regulation (DBR) Director Paul McGreevy to serve as Special Advisor to the Chairman of the Rhode Island Economic Development Corporation (RIEDC). As Special Advisor, Director McGreevy will work to stabilize the EDC, ensure that it performs its current functions properly, and examine its overall management and mission. Director McGreevy will work closely with the Rhode Island Public Expenditure Council (RIPEC), which has agreed to conduct an analysis of the structure, programs, and role of the EDC. Director McGreevy's assignment at the EDC will coincide with and complement RIPEC's examination. Both are expected to conclude by September 1, 2012.

"Drawing from his Navy background and management consulting experience, Paul will help the Board look broadly at the EDC and its relationship with economic development in Rhode Island. He will conduct a thorough and disciplined review of the organization as a whole and help us address complex questions and decisions about its future," Governor Chafee said.

While Director McGreevy is fulfilling this special assignment, the day-to-day operations of DBR will be handled by DBR's Deputy Director and Insurance and Banking Superintendent, Joseph Torti III.

McGreevy served in the U.S. Navy from 1982-1995, reaching the rank of Lieutenant Commander. During his time in the Navy, he served as a Surface Warfare Officer; worked on a NATO staff coordinating logistics planning for peacekeeping operations in the former Yugoslavia; was the Material and Logistics Officer on a destroyer squadron staff; and served as Chief Engineer on a Navy frigate. After the Navy, McGreevy spent over fourteen years as a senior management and IT consultant with KPMG LLP, BearingPoint Inc., and Deloitte Consulting LLP, where he specialized in business strategic planning, organizational development, and technology architecture for federal agencies. McGreevy earned a BA in Foreign Affairs and Economics from the University of Virginia, an MA in International Relations from Boston University, and an MA in National Security Affairs from the Naval War College. He is a resident of Newport.

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