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« Block Island airport to close temporarily after summer | Today | Directory assistance calls to cost more » April 26, 2006Carcieri picks Kaplan as new EDC directorGovernor Carcieri has moved to promote the current deputy director of the Rhode Island Economic Development Corporation, Saul Kaplan, to head of the agency. Michael McMahon, the EDC's previous executive director, resigned to return to private industry as a partner in an investment firm. Kaplan, a former senior partner in the health and life sciences practice at consulting firm Accenture, was hired by McMahon in 2003, because of his biotechnology background. McMahon said his resignation from his $99,700 position was voluntary. The former venture capitalist said he was asked by a business colleague, Howard Newman, to be a partner in an investment firm Newman is forming in New York City. “When you’re 58, good opportunities don’t come around everyday,” said McMahon, in an interview at the EDC’s offices yesterday afternoon. “This is a very unique opportunity.” Kaplan said there will be no immediate personnel or strategy changes at the EDC. He plans to continue moving forward with the plan McMahon has set out to attract more businesses, improve the state’s workforce, revamp the tax code, foster innovation and entrepreneurship and make government more cost effective. --Journal staff writer Andrea L. Stape Posted by CommentsPost a commentPlease be civil. Vicious comments, personal attacks and profanity won't be published. Name and email are required; email address will not publish. |
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ProJo 9 to 5 News Blog
Oct 2005 - March 2006