TRENTON — Caren Franzini, the highly regarded head of the state’s Economic Development Authority, announced last week she is resigning and will end her 18-year tenure as chief executive officer on Sept. 30.
Business leaders said they will sorely miss Franzini, whose ability and knowledge are respected across the state. Al Koeppe, chairman of the EDA board, said, “There’s no question that Caren has shaped the core values of this organization for over 20 years.”
Following her departure Franzini’s duties will be divided between two people. Michele Brown, who now serves as appointment counsel to the governor, will become the chief-executive officer. Brown worked for Christie when he was U.S. Attorney and is considered part of his inner circle. Tim Lizura, who is currently the senior vice president of finance and development at the EDA, will take on the roles of president and chief operating officer.
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