PROVIDENCE, R.I. - Governor Gina M. Raimondo today announced Robert S. Hull as her choice to lead the Department of Revenue. The Governor will submit his name to the Rhode Island State Senate today for their advice and consent.
"We are working to ensure that everyone can make it in Rhode Island, in part by building skills that matter so Rhode Islanders can get jobs that pay," Raimondo said. "Making government work better for people and getting our fiscal house in order are key components to moving our state forward. Rob has the deep management experience to help government move at the speed of business."
A financial industry veteran, Hull has managed technology, regulatory, financial and strategic planning efforts for large-scale business enterprises during a nearly 30-year career in the private sector. He comes to state government from Providence Equity Partners, where he served as senior advisor, managing director and chief financial officer. Prior to working at Providence Equity Partners, Hull:
• Was Executive Vice President and Chief Financial Officer of Ally, Inc., formerly GMAC, Inc. Hull was part of the restructuring team that worked with the U.S. Department of the Treasury and other federal regulators to eventually pay off 100 percent of its $17 billion in federal TARP assistance.
• Held senior finance positions with Bank of America, including chief financial officer of the Bank's Wealth and Investment Management Division.
"Rhode Island is at a critical moment in its history," Hull said. "We are aligning the efforts of the government, business and nonprofit sectors to spark an economic resurgence. I am excited for the opportunity to help strengthen and improve the way the department serves Rhode Islanders."
Hull will succeed Marilyn Shannon McConaghy, Esq., the acting director of the revenue department. McConaghy will remain in her role at the department as Administrative and Legal Support Services Administrator.
As Director of the Department of Revenue, Hull will oversee the department's four state divisions: Lottery, Motor Vehicles, Municipal Finance and Taxation, as well as the Office of Revenue Analysis. He will manage a department of more than 500 employees and a more than $478 million budget for this fiscal year.
Hull holds a bachelor's degree from the University of Virginia and a master's degree in business administration from Harvard Business School. He is a former member of the Board of Directors of the Providence Foundation.