In addition to academics, district officials also named Mike Herbstman as the district’s new chief financial officer starting in February. Marcy Blender, the district’s comptroller, will serve as interim CFO until Herbstman arrives.
Herbstman is the current head of finance for schools in Prince George’s County, Maryland, which under his leadership, “transitioned from a structural deficit to fiscal sustainability,” according to a press release. He succeeds the district’s longtime CFO Uri Monson, who Watlington promoted to a newly created role, deputy superintendent of operations, in October.
Monson will leave the district in January to serve as Pennsylvania’s next budget secretary under governor-elect Josh Shapiro.
“Under his financial stewardship, the district ended the year with positive fund balances for the last seven years, while also making new investments in students, staff, and schools,” Watlington said in a written statement.
Additionally, under Monson, the district exited the state’s financial distress program and saw its bond rating upgraded for the first time since 1977, according to Watlington.
The district will conduct a nationwide search for Monson’s replacement, Watlington said. In the meantime, Monson’s direct reports will report to the superintendent.