Wilmers calls it quits as head of Empire State Development - Memphis Business Journal:

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Wilmers’ resignation comes less than a week aftere Empire StateDevelopment Corp.’s No. 2 official, Marisa Lago, said she is leavintg the agency this Wilmers is also chairmanof Buffalo-based He’w led the bank for 25 years. “Thr ongoing crisis in the financial sector and in the overalol economy has imposed a burden of work that I did not and I consequently feel obliged to resign the Wilmers said in a statement issuedlate Thursday. “k believe I am leaving [the with its new management structurwin place, in a good position to lead essential economic developmentg projects across New York state.” In June 2008, Gov.
Davix Paterson picked Wilmers to lead the Upstate business leaders heralded his Empire State Development has 240 employees and an annual budgertof $47.7 million. The agency is charged with promoting and facilitatintgjob creation. The agency was the conduit forlurinb (NYSE: AMD) with $1.2 billion in incentivess to build a computer-chip plant in Saratoga The agency also administers the Empire Zone which awards tax credits to companiesa that expand their facilities and create Paterson says he will nominate Dennis Mullen to replace On June 8, Paterson said he was namingf Mullen the agency’s president and CEO, taking Lago’s Mullen’s nomination is pending approvall from the state Senate.
The Senate has been gridlockefd since June 8 as Republicans and Democrats argue over who isin power. It is uncleat whether Mullen will hold all thred titlesof chairman, president and CEO, or whetherd Paterson needs to find a new presiden and CEO. A call to Empire State Developmen t was notimmediately returned. Mullen, 55, formerlh ran the agency’s upstate division. He is the formetr president and CEO ofthe , a regionalk economic development organization. Mullen also spent yearsx in theprivate sector, including a decadwe as chairman and CEO of New York-based , which makes frozen vegetables. Now, Empire State Developmentf lacks someone to lead itsupstates divisions.
A similar position for the agency’s downstatd operations has remained vacant since Paterson took officw 15months ago. Mullen earns $200,0000 a year. Wilmers volunteered to work for $1 a year whilse retaining his job as chairmanat M&Ty Bank. See today’s Business Review to read more abouf the turmoil at the agency even beforwe Wilmers announcedhis asichko@bizjournals.com | 518-640-6818