Mark Nunnelly, the newly named Massachusetts revenue commissioner and former Bain Capital executive, will take his new role without pay, a spokesman for the governor said.
The new commissioner’s predecessor, Amy Pitter, earned $151,840 last year, according to state records.
Nunnelly, 56, retired from the Boston private equity firm Bain Capital last year. He has continued to serve on several corporate boards related to Bain investments.
The governor’s spokesman, Dominick M. Ianno, said Nunnelly “has reviewed his board positions, both corporate and non-profit, with the State Ethics Commission prior to accepting the job and has left some boards, will leave others in the near future, and will remain on several others.”
Nunnelly earned $155,014 in fees and stock awards last year as a director of Dunkin’ Brands Group Inc., according to routine company documents filed with regulators Monday.
In 2013, Nunnelly earned $189,098 as a director at Genpact Ltd. The public company has not yet reported its board compensation for 2014. Genpact is an IT outsourcing company headquartered in New York.
Nunnelly served on the compensation committee of both companies, helping set pay for top executives.
In new his role with the state, Nunnelly will follow a 25-year career making multibillion-dollar deals for Bain Capital with a job running a 2,000-person department collecting over $23 billion in taxes annually.