(ORLANDO, FL) Lisa Lumbard has been selected as Chief Financial Officer for the Central Florida Expressway Authority. Ms. Lumbard has been serving as Interim Chief Financial Officer for nearly two years, responsible for budgeting, financial reporting, contract compliance and debt management.
“I’m very excited to have Lisa in this key role at CFX”, said Laura Kelley, CFX Executive Director who announced the promotion at today’s Board meeting. “Through her work and experience with the agency, I’ve developed a tremendous amount of respect and confidence in her ability to maintain our financial stability and strong reputation throughout the transportation and financial communities.”
Ms. Lumbard was a part of the team that secured a $194 million Federal Transportation Infrastructure Finance and Innovation Act (TIFIA) loan, at a historically low rate of 1.23%. Additionally, under her watch, Standard and Poor’s and Fitch continue to assign an A rating for all CFX bonds with a stable outlook. Moody’s Investor Services, Inc. shows the underlying ratings of CFX bonds at A2 with a stable outlook.
Ms. Lumbard joined the agency’s predecessor, the Orlando-Orange County Expressway Authority, more than a decade ago. She worked through the ranks of the finance department to the position of Manager of Accounting and Finance prior to this appointment.
Ms. Lumbard graduated from Florida State University with degrees in Finance and International Business. She will begin her new role immediately.