The Rhode Island Clean Water Finance Agency will have its first new leader in the 19 years.
The Clean Water Finance Agency is essentially a loan agency. It’s a revolving fund that awards low interest loans to help municipalities improve their sewer and drinking water systems. For the last 19 years, its Executive Director has been Anthony Simeone. During his tenure, he grew the agency’s assets from $102 million to $1.3 billion dollars. But he said it’s time to go.
“I’ve worked beyond my shelf life, I guess. When I looked at the calendar and saw that I would be 75 years old, I… along with my wife…. We just felt it was time for me to retire from my current position and relax and enjoy whatever years I have left.”
Simeone said the agency will left in good hands. The long-serving Town Manger of East Greenwich, William Sequino, will take over in July.
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