Financial Management Director Leaves for Huntington Beach; City Launches Search for Permanent Replacement

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lori ann farrell

Financial Management Director Lori Ann Farrell is leaving Long Beach for Huntington Beach. Erik Sund will serve as the Acting Director until the City hires a replacement.

City Manager Patrick H. West announced today that the City of Long Beach will hire an outside Interim Director of Financial Management in January 2011 to lead the Department while Long Beach conducts a comprehensive search for the permanent Director of Financial Management.

The search for the permanent Director will begin shortly and will be handled by an outside recruiting firm.  As the current Financial Management Director Lori Ann Farrell is leaving the City on Friday, it is necessary to appoint an Acting Director who will serve until January. The City Manager is appointing Erik Sund as Acting Director of Financial Management effective December 10, 2010.

“Mr. Sund will do an excellent job leading the Department and ensuring a smooth transition to an Interim Director in January,” said Mr. West.  “The selection of a new Financial Management Director is incredibly important, and the acting appointment will allow us time to conduct a recruitment for both an Interim and permanent Director to ensure we have the best of the best for Long Beach.”

Mr. Sund came to Long Beach in 2007 and currently serves as Business Relations Manager in the Department of Financial Management.  Mr. Sund has over 23 years experience in the government sector, serving in the cities of Irvine, Downey and Long Beach.

Financial Management Director Lori Ann Farrell Resigns

Former Financial Management Director Lori Ann Farrrell will begin a new job with the City of Huntington Beach on December 13.

Lori Ann Farrell has served as the Chief Financial Officer for the City of Long Beach since 2007 and has been managing a budget of $2.5 billion dollars and directing 136 employees in five offices including the Office of the City Treasurer, City Controller, Budget Director, and Purchasing and Commercial Services. Lori Ann started work with the City of Long Beach in 2006 as the City Controller.

Prior to working for the City of Long Beach, Lori Ann Farrell was the Administrative Services Director for the City of Lomita, CA from September 2003 to February 2006. She also worked in the private sector as a Financial Advisor for Citigroup/ Smith Barney in Long Beach. After her graduation from Columbia University, she worked for the New York State Division of the Budget then as Director of Financial Compliance and Claiming for the New York City Administration for Children’s Services.

Lori Ann Farrell has her Master of Public Administration and Bachelor of Arts from Columbia University and was honored with the Alfred P. Sloan Fellowship for Outstanding Academic Performance. She is 43 years old and a member of the California Society of Municipal Finance Officers and the Ivy League Association of Southern California,

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