2019-06-24 Appointment Committee - Finance Committee Minutes

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Town of Reading Meeting Minutes rE:;EIV'ED TOWN CLERK Board - Committee - Commission - Council: 2819 JUL -9 AM 8141 Appointment Committee -Finance Committee Date: 2019-06-24 Time: 7:00 PM Building: Reading Town Hall Location: Berger Room Address: 16 Lowell Street Session: Open Session Purpose: General Business Version: Final Attendees: Members - Present: Chair Moderator Alan Foulds, FINCOM Chair Eric Burkhart, Select Board Chair Vanessa Alvarado Members - Not Present: Others Present: Town Manager Bob LeLacheur Minutes Respectfully Submitted By: Bob LeLacheur Topics of Discussion: Chair Foulds called the meeting to order at 7:00pm Edward Ross - Mr. Foulds asked the candidate to introduce himself. Mr. Ross has lived in Reading for 18 years, and been a Town Meeting member for 6 or 7 years. He moved here from Southern Illinois. His wife grew up in Wakefield. They have two children currently at Parker MS and Joshua Eaton ES. He works at Intercontinental Exchange (owner of NYSE). He is in global relationships, collecting and selling content. His clients are typically big banks. Ms. Alvarado politely interrupted and asked if Brown Brothers Harriman was a client, and Mr. Ross and they were not. She explained she works for BBH and there might have been a conflict of interest issue if he had said yes. Mr. Foulds asked if he had any known conflicts, and Mr. Ross said no. He said his firm did receive campaign contributions, and he also had ethics policies to follow. Ms. Alvarado asked what experience he had with budgets. He explained that he is part of a team that manages a client book of business, but he is in more of a big picture and not day- to-day financial person for this. He explained that he does travel a lot but can schedule that around commitments. Mr. Burkhart asked why he was interested in FINCOM? He responded that he wants to participate in the town, and do more. He was not fully aware of all of FINCOM's work but thought his background could be helpful. He supported the Override and became more involved, and learned quite a bit. He then heard Eric's pitch at Town Meeting for volunteers, so he applied. Mr. Burkhart explained the meeting schedule, and Mr. Ross said that would fit in fine, but he wondered if material was sent out in advance? Mr. LeLacheur explained Page 1 1