Gov. Jan Brewer has named Thomas Wood as interim director of the Arizona Department of Financial Institutions. He replaces Felecia Rotellini, who will step down at the end of the month for a position in the private sector.
Wood has served as a manager at the department since 1998, and was responsible in that position for examining the soundness of community and regional banks, overseeing banks and trust companies, preparing annual evaluations for six examiners, reviewing and approving applications for new state-chartered banks and preparing budgets for the banking division. Before joining the department, Wood worked for National Bank, American Family Life Assurance Company and Sun National Bank.
“Mr. Wood (has) an extensive background in the banking industry, bringing more than 30 years of experience to his new position as interim director of the AZDFI,” Brewer stated in a news release. “More specifically, he has been with the AZDFI for more than 10 years, and I am confident he will serve the state well as we guide Arizona back to the path of economic growth and prosperity.”
Rotellini, who has served as superintendant of the state Department of Financial Institutions since December 2005, will join the law firm Zwillinger & Greek PC. She came to the department in January 2005 after serving as assistant attorney general for 13 years.