Environment DEC
From the March 2006 issue
Sterman Named Environmental Facilities President
David Sterman (second from right)
at a ground breaking ceremony for
the Town of Colonie Latham water
district plant expansion
New York State Department of Environmental Conservation (DEC) Commissioner Denise M. Sheehan, who serves as Chair of the New York State Environmental Facilities Corporation (EFC), has announced that the EFC Board unanimously approved the appointment of David Sterman as EFC President and CEO. Mr. Sterman has served as EFC's Executive Vice President since 1997.
"David Sterman's experience as executive vice president makes him an ideal choice to lead EFC," said Commissioner Sheehan. "His tremendous knowledge and extensive background in dealing with important environmental and municipal financing issues will be a tremendous asset to EFC in its mission to assist New York communities with projects that protect and improve our environment."
Background
Prior to his new appointment, Mr. Sterman served as EFC Executive Vice President from October 1997, except for March 2000 until July 2000, when he served as EFC Acting President. Prior to joining the EFC, he served as the Deputy Commissioner of Environmental Quality and Pollution Prevention with DEC. Mr. Sterman also worked for the New York State Senate as the Executive Director of the Joint Legislative Commission on Toxic Substances and Hazardous Waste.
Responsibilities
As president of the EFC, Mr. Sterman will oversee a multi-service organization responsible for assisting New York communities and businesses with environmental needs and managing billions of dollars in low-cost loans and grants. He succeeds Thomas J. Kelly, who became Executive Vice President and General Counsel for the New York State Power Authority.
NYSEFC
The New York State Environmental Facilities Corporation promotes environmental quality by providing low-cost capital and expert technical assistance to municipalities, businesses and state agencies for environmental projects throughout the state. EFC helps public and private entities comply with federal and state environmental requirements through the Clean Water State Revolving Fund (CWSRF) and the Drinking Water State Revolving Fund (DWSRF), programs that provide financial assistance to businesses and technical advisory services.
