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1st Quarter 2:40

Malden

Council names new treasurer

After going three years without a treasurer and chief financial officer, city councilors in Malden finally hired a new one.

Mark Good, currently the treasurer and financial director for the Town of Walpole, was selected by the council from among three finalists, the others being North Andover treasurer Jennifer Yarid and Cathy Landry, former finance manager at Malden Catholic High School, City Councilor Greg Lucey said Wednesday. The appointment was approved by a 7-3 council vote on Tuesday.

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Malden has been without a treasurer since Frank Vacca resigned in January 2010 amid a scandal in which a treasury department employee pleaded guilty to embezzling more than $500,000 from the city.

Good, a Norwell resident, has been treasurer in Walpole since 2002, and was previously treasurer in Weston for 12 years. Good’s history in muni­cipal finance, and his lengthy service in Walpole and Weston, made him a strong candidate, Lucey said.

“Mark interviewed very well, and his record shows stability.”

The salary range for treasurer is $92,500 to $102,000, plus a $6,000 stipend for serving as parking clerk, Lucey said. Good will be paid $99,625, plus the stipend.

Lucey led the way in finding a new treasurer, after two previous attempts were unsuccessful.

Since Vacca left, the city’s eight-person treasury staff has been overseen by the accounting firm Sullivan, Rogers and Co., Lucey said.

“Every dime that comes to the city goes through the treasurer’s office, and it has a great staff, but there are some things that only the treasurer can do,” Lucey said. “It’s been a long process, we’ve been without a treasurer for three years. It’s badly needed.”

Lucey oversaw a five-member screening committee that sought candidates and then narrowed the field to the finalists who were interviewed by the City Council. The committee began with 34 applicants, and narrowed the field to seven. After a round of interviews, it selected the two finalists for consideration by the council.

“I congratulate Mr. Mark Good on his new job as treasurer, and I look forward to welcoming him to Malden,” said Mayor Gary Christenson. “I am also grateful to the City Council for acting on this important appointment, especially City Councilor Greg Lucey, whose leadership was critical for making this happen.”

Good is expected to begin working for the city in late March or early April.

Jarret Bencks can be reached at Bencks.Globe@gmail.com.
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