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October 19, 2005
Statement from Joan Hendrickson, Candidate for Treasurer
Treasurer is a unique position in that it is a technical job requiring specific financial skills, but is elected through the political process. Unlike many other elected positions it has one focus and that is investing the town’s money efficiently and effectively.
There are several things I would do if elected Treasurer. A top priority is improving the town’s cash flow by creating new operating procedures allowing money to be invested faster.
Little can be done to improve rates since our low risk investments are regulated by state statute. However, we can work to eliminate float (time money is not invested) by transferring money faster. Further, I would set up a financial/investment advisory committee to advise the Treasurer’s office in setting investment/financial strategy. While some might disparage the idea of asking for advice, a seasoned professional is one who always keeps learning from other seasoned professionals. It is particularly helpful when that advice is free with no reward involved for any of the participants except doing something to help our town. As Christopher Shays recently said in a speech you should not elect anyone who doesn’t keep learning and claims to know everything.
I will closely work with all town departments including the Finance Department. While doing research before running for this office, I contacted relevant departments to educate myself on the Treasurers job. Additionally, I am familiar with town government after spending 12 years on the RTM. As qualification for this job, I have spent 30 years as a financial services professional (18 years in banking and 12 in consulting/financial services). My specific experience includes cash management, corporate finance, structured finance, equipment finance, restructuring and strategy. I have an MBA and served as Chief Strategist, Senior Manager and Senior Credit Officer for Daimler Chrysler Capital Services.
As a 20 year resident of Darien with 3 generations of my family still living here, I have an appreciation of Darien’s past and want to help shape its future. I ask for your support in the election on November 8. Thank you.
Posted by EmilyW at October 19, 2005 09:54 AM


