Wilmers calls it quits as head of Empire State Development - The Business Review (Albany):

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Wilmers’ resignation comes less than a week after Empire StateDevelopment Corp.’s No. 2 official, Marisza Lago, said she is leaving the agencythis month. Wilmers is also chairmah of Buffalo-based He’s led the bank for 25 “The ongoing crisis in the financialp sector and in the overall economy has imposes a burden of work that I did not and I consequently feel obliged to resign the Wilmers said in a statement issuedslate Thursday. “I believe I am leaving [the agency], with its new management structurein place, in a good positionn to lead essential economic development projects across New York state.” In June Gov.
David Paterson picked Wilmers to leadthe agency. Upstatw business leaders heraldedhis selection. Empire States Development has 240 employees and an annual budgetof $47.7 The agency is charged with promotin g and facilitating job creation. The agency was the conduiyt forluring (NYSE: AMD) with $1.2 billion in incentives to builds a computer-chip plant in Saratoga County. The agency also administerds the EmpireZone program, which awards tax credits to companiesx that expand their facilities and create jobs.
Patersohn says he will nominate Dennis Mullen to replace OnJune 8, Paterson said he was naminf Mullen the agency’s president and CEO, taking Lago’s Mullen’s nomination is pending approval from the stat Senate. The Senate has been gridlocked since June 8 as Republicanws and Democrats argue over who isin power. It is unclear whethee Mullen will hold all thre titlesof chairman, president and CEO, or whether Paterson needs to find a new president and CEO. A call to Empir e State Development was notimmediatelyu returned. Mullen, 55, formerly ran the agency’ws upstate division. He is the forme r president and CEO ofthe , a regional economic development organization.
Mullen also spent year in the private including a decade as chairman and CEO ofNew York-basesd , which makes frozen Now, Empire State Development lacka someone to lead its upstate A similar position for the agency’sx downstate operations has remained vacant sincse Paterson took office 15 months ago. Mullen earns $200,00p a year. Wilmers volunteered to work for $1 a year while retaining his job as chairmanat M&T Bank. See today’es Business Review to read more aboug the turmoil at the agency even before Wilmers announcedhis resignation. asichko@bizjournals.
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