Thursday, September 02, 2004

Making it official ...

**PRESS RELEASE**
NEWSOM NAMES JOSE CISNEROS AS NEW CITY TREASURER FOR THE CITY AND COUNTY OF SAN FRANCISCO
San Francisco, CA – Mayor Gavin Newsom named Jose Cisneros as Treasurer for the City and County of San Francisco. Treasurer Cisneros most recently served as Deputy General Manager, Capital Planning and External Affairs for the San Francisco Municipal Transportation Agency. As Deputy General Manager for MUNI, Cisneros had the task of managing one of the largest capital improvement projects in San Francisco, MUNI’s $7 billion capital program, a 20-year plan to repair, replace and enhance system assets. As a member of the Board of Directors for the Municipal Transportation Agency from 2000 to 2002, Cisneros played a major role in directing the 7th largest transit system in the U.S. with an annual budget of over $450 million.
The Treasurer serves as the banker, tax collector, collection agent, and investment officer for the government of San Francisco, the only combined City and County in the State of California. An elective office created by the City Charter in 1850, the Treasurer supervises a department of ten sections that receives over $10.6 Billion and disburses over $8.49 billion annually.
"Jose Cisneros will bring to the City Treasurer’s Office the same level of expertise and commitment that he has shown in his management of various extensive capital improvement projects," said Mayor Newsom. "Jose will further the city’s commitment to diversity as a new member of the city’s elected family. I look forward to working closely with him as our new Treasurer."
Prior to his service as Deputy General Manager, Capital Planning and External Affairs, Cisneros served as Group Manager of Vertical Industry Marketing, and Financial Services for IBM Corporation, Lotus North America Marketing. As Group Manager, Cisneros led a team that grew revenues over 100 percent, reaching over $250 million in 2000. From 1999 through 1995, he served as Senior Manager and Senior International Product Manager for Lotus Development Corporation. As Assistant Vice President of Bank of Boston in 1982, Cisneros managed financial product portfolios of over $100 million.

"It is an honor to have the opportunity to serve our City as Treasurer, " said Mr. Cisneros. "I will draw upon my experience in the public and private sector to carefully manage our City’s money so that we can provide the best city services and programs," Cisneros continued, "I look forward to working with the elected family and the many outstanding people in the Treasurer’s Office for a financially sound and strong San Francisco."
Supervisor Bevan Dufty applauded the Mayor’s pick. "Jose is an outstanding choice with his blend of experience and success in government and business," said Supervisor Dufty. "Jose is a sound manager and fiscal watchdog following in the outstanding tradition of Treasurers Susan Leal and Mary Callinan."
Jose Cisneros graduated from an intensive International Business Program at Stichting Nijenrode University in Netherlands. He received his Bachelor of Science from Sloan School of Management at the Massachusetts Institute of Technology (MIT) and was an MBA candidate at Boston University.

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