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Updated (3:55PM) <\/strong>At a media conference held over the lunch hour, Mayor David Miller announced that Shirley Hoy, the City of Toronto’s City Manager, will resign effective October 6, 2008, as Spacing had reported earlier today.<\/p>\n Mayor Miller also announced that he would be recommending the current Deputy City Manager and Chief Financial Officer Joe Pennachetti be promoted to fill Hoy’s position on a permanent basis. That recommendation will be voted on by Executive Committee and City Council in September.<\/p>\n According to city councillor and budget chief Shelley Carroll, the reason for not conducting an international search akin to the processes used to select the relatively new heads of the Toronto Transit Commission and Toronto Police Service is that Pennachetti’s appointment follows a succession plan that has been in place for a “long time.” Councillor Carroll also reasoned that Pennachetti’s “exemplary record” and acute knowledge of civic operations would enable the City to continue moving forward in its current direction without disruption.<\/p>\n Pennachetti is a long-time public servant who has worked as a financial manager and senior financial manager at several municipalities, including Edmonton, Peel and York. Holding a Bachelor of Commerce and a Masters in Business Administration, Pennachetti is also a Certified General Accountant.<\/p>\n Rarely one to seek out the lens of a camera, Pennachetti found himself front and centre during the City of Toronto’s consultations on taxes held in 2007.<\/p>\n There is no word on what Hoy plans to do come October, but she has indicated that she wishes to remain in the health and social services sector. Prior to her appointment as City Manager, Hoy served as a senior bureaucrat at Exhibition Place, the Government of Ontario and the City of Toronto.
\nWord of Hoy’s announcement began spreading early this morning when the City Manager sent out an email to members of Council and the Toronto Public Service. The email came as a surprise to councillors from across the political spectrum, including at least some of those who serve on the Executive Committee.<\/p>\n","protected":false},"excerpt":{"rendered":"