PFM
PFM has promoted two employees to more senior roles.
Margaret “Hope” Scarpinato and Gregory C. Butler have been promoted to managing directors. Both have worked at PFM for more than a decade.
The new positions, effective Jan. 1, are part of the firm’s annual promotion process and efforts to elevate internal talent, according to PFM CEO Dan Hartman.
“We’re thrilled this year, in the managing director process, we’ve promoted two people, both Greg Butler and Hope Scarpinato, that have been with us a long time,” Hartman said. “They’re people that provide leadership in some important parts of our business, Hope in the transportation sector, and Greg Butler in our management and budget consulting group. [It’s] great to have both of these people at the partner table and leading the businesses forward.”
Scarpinato joined PFM as a consultant in 2011, according to a press release from the firm. She now co-leads the firm’s national transportation practice.
Scarpinato will be taking on an even greater role in the transportation group, Hartman said; David Miller, who was the head of the group, retired at the end of last year, and Scarpinato is part of the “succession plan” for PFM’s transportation leadership.
“Hope has been instrumental in helping clients with financial planning, securing funding, and navigating complex loan processes, including over $1.2 billion in TIFIA loans,” the firm said. “Her expertise has contributed to … implementing multiple inaugural revenue bond credits.”
Butler has served as a director in PFM’s management and budgeting consulting practice since he joined the firm in 2008, according to the release. He has worked on more than 100 public sector engagements.
Butler helps local governments address workforce challenges and improve fiscal sustainability, the firm said.
“He provides expert guidance on public sector compensation and benefits; develops recruitment and retention strategies; and guides collective bargaining negotiations and workforce planning,” the firm said.
“We also had a retirement of a longtime partner in our management and budget group,” Hartman said. “Greg is certainly stepping up his leadership accordingly as well.”
PFM’s annual promotion process takes four or five months, according to Managing Director Jay Glover, who co-led the nominating process last year. Partners at the firm nominate directors, who undergo a lengthy interview process and ultimately go before the partnership and the board of directors. Scarpinato and Butler were unanimously approved.
“They’ve been acting like [leadership] and leading the firm for quite a while,” Hartman said. “So, pretty seamless process to incorporate them into the partnership.”