Lakewood Welcomes New Finance Director: Renee Mahoney Brings Extensive Experience to the City

Lakewood, Ohio, has announced the appointment of Renee Mahoney as its new finance director, replacing the retiring Peter Rancatore. Mahoney, a Lakewood resident, brings a wealth of municipal finance expertise to the role, having served as the finance director for the city of Bay Village for the past eight years.

Unlocking Lakewood's Financial Future with Proven Leadership

Transition of Leadership: Bidding Farewell to a Dedicated Public Servant

After four years of dedicated service as Lakewood's finance director, Peter Rancatore is retiring. Lakewood Mayor Meghan George expressed her gratitude for Rancatore's leadership, particularly during the challenging times of the COVID-19 pandemic. Under Rancatore's guidance, the city received the prestigious Auditor of State Award with Distinction, an accolade achieved by only 3-4% of the 6,000 government entities audited in Ohio.

Welcoming a Hometown Talent: Renee Mahoney's Homecoming

Lakewood's search for a new finance director yielded a pool of six applicants, with Renee Mahoney emerging as the top candidate. Mahoney, a Lakewood resident of 24 years, is thrilled to have the opportunity to serve her hometown. With a bachelor's degree in business administration from the University of Toledo and extensive experience as the finance director for the city of Bay Village, Mahoney brings a wealth of expertise to the role.

Renee Mahoney's Impressive Resume: A Proven Track Record in Municipal Finance

Prior to her appointment as Lakewood's finance director, Mahoney held the position of assistant finance director for the city of Shaker Heights for over two decades. Her experience in municipal finance, coupled with her deep understanding of the unique challenges and opportunities facing Lakewood, make her an ideal candidate to lead the city's financial operations.

Lakewood's Confidence in Mahoney: Embracing a Hometown Advantage

Mayor Meghan George expressed her excitement about Mahoney's appointment, highlighting the benefits of having a Lakewood resident in this crucial role. Mahoney's familiarity with the city and its residents will enable her to hit the ground running, ensuring a seamless transition and a continued focus on Lakewood's financial well-being.

Mahoney's Vision for Lakewood: Continuing the City's Fiscal Stability

In her own words, Mahoney expressed her enthusiasm for the opportunity to serve the Lakewood community, stating, "I'm so excited to have the privilege of working for the residents of the amazing city of Lakewood where I've called home for 24 years." She is eager to collaborate with the exceptional finance department and build upon the city's strong financial foundation.

Lakewood's Financial Future: Navigating Challenges and Opportunities

As Lakewood's new finance director, Mahoney will be tasked with guiding the city through the ongoing financial implications of the COVID-19 pandemic. Her expertise in municipal finance and her deep understanding of Lakewood's unique circumstances will be invaluable in ensuring the city's continued fiscal stability and growth.