USPS Announces Appointment of Acting Controller

The Postal Service’s former Vice President, Controller, Vincent H. DeVito, resigned last month to accept a postion in the private sector.

Today the Postal Service announced in its Form 8-K filing:

Item 5.02 Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

The United States Postal Service (the “Postal Service”) has appointed Tim O’Reilly, age 54, Acting Vice President, Controller (principal accounting officer), effective February 23,2011. Mr. O’Reilly has worked for the Postal Service for more than 36 years. From August 1999 to April 2006, he served as Manager, Finance and Business Analysis, for Network Operations. From April 2006 to January 2008, he served as Area Finance Manager for the Capital Metro Area. From February 2008 until his current appointment as Acting Vice President, Controller, he served as Executive Manager, Continuous Improvement. In that capacity he served as the head of the Lean Six Sigma Program, overseeing the training of hundreds of postal employees and projects designed to cut costs at the Postal Service.

source: Form 8-K (PDF)

2 thoughts on “USPS Announces Appointment of Acting Controller

  1. When you consider that management regularly gets bonuses for nothing more than doing their jobs in addition to salaries that range in the GS15 range you arrive at one of the basic problems of the USPS,over compensation of management! In the private sector stockholders reward management for making wise decisions that add value to the bottom line, we however reward officials for incurring losses that run into the billions of dollars every year. The model for the USPS’s finnancial operations is clearly flawed! It is wrong to predicate a practice on a business model from private industry.We are not a privately held company,for if we were the shareholders would vote for a drastic change in practice as regards awards for “non-performing assets”!

  2. Oh good. Got to keep those Vice President positions filled. What’s he going to control? How many bonuses he gives himself?

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