Raimondo Announces Choice for Revenue Director

PROVIDENCE, R.I. – Governor Gina M. Raimondo today announced Robert S. Hull as her
choice to lead the Department of Revenue. The Governor will submit his name to the
Rhode Island State Senate today for their advice and consent.
«We are working to ensure that everyone can make it in Rhode Island, in part by
building skills that matter so Rhode Islanders can get jobs that pay,» Raimondo
said. «Making government work better for people and getting our fiscal house in
order are key components to moving our state forward. Rob has the deep management
experience to help government move at the speed of business.»
A financial industry veteran, Hull has managed technology, regulatory, financial
and strategic planning efforts for large-scale business enterprises during a nearly
30-year career in the private sector. He comes to state government from Providence
Equity Partners, where he served as senior advisor, managing director and chief
financial officer. Prior to working at Providence Equity Partners, Hull:

* Was Executive Vice President and Chief Financial Officer of Ally, Inc., formerly
GMAC, Inc. Hull was part of the restructuring team that worked with the U.S. Department
of the Treasury and other federal regulators to eventually pay off 100 percent of
its $17 billion in federal TARP assistance.

* Held senior finance positions with Bank of America, including chief financial
officer of the Bank’s Wealth and Investment Management Division.
«Rhode Island is at a critical moment in its history,» Hull said. «We are aligning
the efforts of the government, business and nonprofit sectors to spark an economic
resurgence. I am excited for the opportunity to help strengthen and improve the
way the department serves Rhode Islanders.»
Hull will succeed Marilyn Shannon McConaghy, Esq., the acting director of the revenue
department. McConaghy will remain in her role at the department as Administrative
and Legal Support Services Administrator.
As Director of the Department of Revenue, Hull will oversee the department’s four
state divisions: Lottery, Motor Vehicles, Municipal Finance and Taxation, as well
as the Office of Revenue Analysis. He will manage a department of more than 500
employees and a more than $478 million budget for this fiscal year.
Hull holds a bachelor’s degree from the University of Virginia and a master’s degree
in business administration from Harvard Business School. He is a former member of
the Board of Directors of the Providence Foundation.