Robert F. Lurie has been elected executive vice president and chief financial officer of the New York Power Authority by the agency’s board of trustees.
Lurie, who joined NYPA in 2012 as senior vice president for strategic planning, will oversee statewide financial operations of the public power utility, which owns and operates 16 power plants and more than 1,400 circuit-miles of transmission lines.
His duties will include forecasting and budgeting, financial planning and controls, managing investment programs and debt, and leading the enterprise risk and physical asset insurance-risk management activities. Trustees said he will also oversee NYPA’s strategic planning, treasury, and controller functions.
Lurie has nearly 30 years of experience in the utility industry, government and investment banking. He served as director of public finance for the state of New Jersey, overseeing the financial activities of multiple state authorities; treasurer of NUI Corp., a gas utility in New Jersey, and as chief of strategic planning from 2003 through 2007 at the Port Authority of New York and New Jersey, where he developed a 10-year, multibillion-dollar strategic capital plan.
Since joining NYPA at its White Plains headquarters, Lurie led the management team that created the agency’s new strategic plan, Strategic Vision 2014-2019, issued in March.