Scott picks Rep. Adam Greshin as Finance commissioner

MONTPELIER — Rep. Adam Greshin, an independent from Warren, has been appointed by Republican Gov. Phil Scott as commissioner of the Department of Finance and Management.

The 56-year-old Greshin was first elected to the Vermont House in 2009 where he has represented the towns of Warren, Waitsfield, Fayston, Moretown and Duxbury. He replaces Andrew Pallito, who departs Friday to become the director of health system finances for the Green Mountain Care Board, the state’s health care regulatory body.

“Adam is a valuable addition to our administration and with his business and legislative experience, brings a wealth of knowledge and understanding of the needs of Vermonters, as well as the critical need for fiscal responsibility, to the position,” Scott said in a statement. “His experience on House Education and Health committees also give him important insight into the state’s largest expenditures as we look to make the best use of taxpayer dollars in those areas and beyond.”

Rep. Adam Greshin

The Department of Finance and management, and the commissioner, help the governor craft the state budget and track state financial information.

Greshin told the Vermont Press Bureau Thursday that he looks forward to helping Scott incorporate his priorities into the budget. The budget serves as the “key policy document” in state government, he said.

Greshin said he hopes to help the administration craft a state budget that increases participation in the labor market, creates employment opportunities and helps ensure “value for our education dollars.”

“I look forward very much to formulating a document that will promote that,” he said. “The governor and I, I think, are philosophically well-aligned when it comes to fiscal matters. He and I don’t agree on everything, but there’s virtually no one in state government I agree with all the time.”

After serving on House Health Care Committee for a year and the tax-writing House Ways and Means Committee for seven years, Greshin was a member of the House Education Committee during the 2017 legislative session.

Legislative experience, and serving on the Ways and Means Committee, will be an asset for the administration, Greshin said.

“I think it will be very helpful to have a former legislator working on the budget because I know many of my former colleagues and I am very familiar with the budget and tax process,” he said. “I think that will be to the advantage of the administration, because ultimately, you need a document with three signatures — the House, the Senate and the governor. I think it’s helpful to have someone working in the administration that has experience in the Legislature.”

Greshin is a partner in Summit Ventures NE, LLC, which owns Sugarbush Resort in Warren. He oversees guest and community relations for the company and sits on its executive committee.

Greshin said he plans to relinquish his job with the resort to focus on his work in state government.

“I will be stepping back from any day-to-day responsibility with the resort and I will become a passive owner and investor with the resort, as I am now. I won’t be employed there during my tenure with the governor,” he said. “If you sign up to work with the governor you’ve signed up to make that a priority.”

Before joining the ownership group of Sugarbush Greshin was a research analyst and manager at Scudder Stevens & Clark, a venture capital company, for 16 years.

“I feel honored to join governor Scott and his administration. I am eager to assist him in achieving his goals to make Vermont more affordable and economically prosperous, while protecting the most vulnerable. The budget is a critical policy document and certainly a valuable tool in advancing that effort,” Greshin said in a statement released by the governor’s office.

Greshin, who holds a bachelor’s degree in romance languages and economics from Bowdoin College and a master’s degree in law and diplomacy from Tufts University Fletcher School of Law and Diplomacy, will assume the role on July 10. He said he will resign his House seat in the coming days.

Editor’s note: This story was updated at 3:15 p.m. to include comments from Greshin.

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