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February 25, 2009
Council appoints Cam Weldon as Deputy City Manager and Chief Financial Officer
Toronto City Council today appointed Cam Weldon as the City's next Deputy City Manager and Chief Financial Officer.

Mr. Weldon joined the City of Toronto in 2003 as the Director of Accounting Services and became the City Treasurer in May 2005. He was appointed Acting Deputy City Manager and Chief Financial Officer in October of 2008.

While serving in these roles, Mr. Weldon has led several successful initiatives which have strengthened the City's financial controls and reporting. The revision of the City's Purchasing and Financial Control by-laws, award winning re-design of the City's financial statements and the development of the capital asset accounting system are all initiatives on which Mr. Weldon demonstrated strong leadership and took innovative approaches to municipal financial matters.

"The appointment of an experienced City of Toronto financial manager will prove invaluable as the City confronts the many challenges presented by the uncertain economy," said Mayor David Miller.

"Mr. Weldon will be an important part of our senior management team as he brings a wealth of experience and knowledge to the position," said Toronto City Manager Joe Pennachetti.

Prior to joining the City in 2003, Mr. Weldon was with the Regional Municipality of Halton for 20 years where he held increasingly senior positions in the finance area including Regional Treasurer.

Mr. Weldon has been a member of the Board of Directors of the Ontario Municipal Employee Retirement System (OMERS) since 2005 and recently completed a two year term as Chair of the OMERS Board Audit committee.

Mr. Weldon holds a Bachelor of Commerce from McMaster University and is a Chartered Accountant and was accredited as a Chartered Director in 2007.

Toronto is Canada's largest city and sixth largest government, and home to a diverse population of about 2.6 million people. It is the economic engine of Canada and one of the greenest and most creative cities in North America. In the past three years, Toronto has won numerous awards for quality, innovation and efficiency in delivering public services. Toronto's government is dedicated to prosperity, opportunity and liveability for all its residents.

Media contact:
Kevin Sack, Director, Strategic Communications, 416-397-5277, 416-919-6500 (cell),



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