Elizabeth Reich, Dallas’ former chief financial officer, will be taking over as CFO for Dallas Area Rapid Transit beginning July 18.
Reich’s responsibilities will include leading the agency’s accounting, financial reporting, budget, treasury, fare collections and fare payment systems, debt management, investment management, and risk management functions.
“These are exciting [times] for the North Texas region, and DART has developed an unparalleled vision and mission that I feel will make a real difference in lives of our residents,” Reich said. “I’m looking forward to the opportunity to leverage all of my years of finance and business experience to play a role in helping deliver this vision.”
Nadine S. Lee, DART’s president and CEO whom Reich will report to, said Reich is the right leader to “deliver a comprehensive strategic financial plan that will help drive [its] rider-focused vision for the future.”
“We are thrilled to welcome Elizabeth to our leadership team at DART,” Lee said. “She brings a diverse skill set to the agency, including deep financial experience, strong analytics, and a track record of achievement.
Reich’s resignation from the City of Dallas was announced in mid-June with her last day being June 30.