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Stephanie Neely

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Stephanie Neely
Chicago City Treasurer
In office
December 4, 2006 – December 1, 2014
Preceded byJudith Rice
Succeeded byKurt Summers
Personal details
BornChicago, Illinois
Political partyDemocratic
Residence(s)Chicago, Illinois
EducationSmith College (BA)
University of Chicago (MBA)
ProfessionInvestment manager

Stephanie D. Neely was the Treasurer of the City of Chicago, Illinois. She was appointed as Treasurer for the City of Chicago in October 2006, and was sworn in December 2006.[1] Neely was reelected to a second term in February 2011.[2] Neely resigned to return to the private sector on November 30, 2014.[3] In 2015, she became vice president of treasury for Allstate Insurance Company, where she oversees corporate finance and commercial banking.[4]

Early life and career

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Stephanie Neely is a native Chicagoan. Neely's father owned and operated a successful chain of gas stations located on the southside of Chicago.[4] Neely attended Smith College and graduated with a bachelor's in economics in 1985. She later earned a M.B.A. from University of Chicago. Prior to serving as City Treasurer, Neely served as Vice President at Northern Trust Global Investments. Neely accumulated more than 20 years of private-sector financial experience before being appointed City Treasurer.[5] In 2004, Mayor Daley chose Stephanie Neely to serve on the Illinois Sports Facilities Authority.[6]

Treasurer

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On November 8, 2006, Mayor Richard M. Daley appointed Neely the Chicago City Treasurer to take office December 4, 2006.[7] A week later, she was confirmed by the Chicago City Council on November 15, 2006.[8] Neely succeeded Judith Rice, who stepped down from the position effective December 1, 2006, to rejoin Daley's administration as a deputy mayor.[9] [10] Pursuant to her role as City Treasurer, Neely maintained a $7 billion portfolio and tracked the balances on all City accounts. The City pension fund has posted double-digit returns on pension fund investments during Neely's tenure.[citation needed] In addition to her duties as Treasurer, Neely serves as trustee on the City’s five public pension boards. Programs operated by the Treasurer's Office during Neely's tenure included Small Business Development Loans, Financial Literacy programs in Chicago Public Schools, and free seminars on using social media to build small business.

In 2013, while Treasurer, Neely was considered a finalist to be Pat Quinn's running mate in the 2014 Illinois gubernatorial election after then-incumbent Lieutenant Governor Sheila Simon opted to run for Illinois Comptroller. Quinn ultimately chose Paul Vallas.[11]

References

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  1. ^ Treasurer banks on education; Treasurer seeks to help poor: At swearing-in, Neely pushes financial literacy
  2. ^ "Treasurer Stephanie Neely begins second term with emotion, optimism". Chicago Tribune. 16 May 2011.
  3. ^ "City Treasurer Stephanie Neely Stepping Down". 20 October 2014.
  4. ^ a b Macarther, Kate (October 18, 2015). "Potholes, patience, 'no excuses'". Chicago Tribune. Sec. 2. p. 2.{{cite news}}: CS1 maint: location (link)
  5. ^ Dellecese, Cheryl (May 1, 2013). "The Windy City's Money Manager". Smith College Alumnae Spotlight. Archived from the original on December 17, 2014. Retrieved August 15, 2022.
  6. ^ Ford, Liam (May 26, 2004). "Soldier Field contractor to head sports agency". Chicago Tribune. p. 2C1 – via ProQuest.
  7. ^ Daley, Richard M. (November 8, 2006). "Appointment of Ms. Stephanie D. Neely as City Treasurer" (PDF). Journal of Proceedings of the Chicago City Council. 169 (13). Chicago City Clerk: 90791–90792. Retrieved August 15, 2022.
  8. ^ Burke, Ed. "Appointment of Ms. Stephanie D. Neely as City Treasurer" (PDF). Journal of Proceedings of the Chicago City Council. 169 (14). Chicago City Clerk: 92004–92005. Retrieved August 15, 2022.
  9. ^ "Daley picks new treasurer for city". Chicago Tribune. October 27, 2006 – via ProQuest.
  10. ^ Burke, Ed. "Congratulations Extended to Hon. Judith Rice on Retirement as City Treasurer and Appointment as Staff Member for Hon. Richard Daley" (PDF). Journal of Proceedings of the Chicago City Council. 169 (14). Chicago City Clerk: 93740–93741. Retrieved August 15, 2022.
  11. ^ Pearson, Rick; Dardick, Hal; Garcia, Monique (November 8, 2013). "Quinn taps Paul Vallas for 2014 running mate". Chicago Tribune. Retrieved August 15, 2022.
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