The Virginia Alcoholic Beverage Control Authority (ABC) has chosen David Alfano as its Chief Administrative Officer. In this role, Alfano will lead the authority's finance, human resources (HR) and procurement teams and functions.
He brings with him over 25 years of executive leadership in a wide range of financial and accounting functions across various industries including information technology, financial service, telecommunications and commercial real estate.
In 18 years with the Federal Reserve System’s National Information Technology Division, Alfano served as Senior Vice President and Chief Administrative Officer; Vice President, Treasury Service; and Vice President and Controller. He was responsible for establishing organizational strategies and financial oversight for a $900 million operating budget, and he led a division comprised of more than 100 employees with responsibility for financial management, governance, risk and compliance, procurement, vendor management and communication functions.
Alfano also oversaw a technical team that provided IT infrastructure services for United States Treasury business applications supporting online purchasing, collections, payments, accounting and reporting services.
In addition to his prior responsibility over financial management and procurement functions, Alfano was a member of the Federal Reserve National IT Executive Team that partnered with the Federal Reserve Bank HR team in defining HR strategies and processes for a 2,000-employee organization.
“These responsibilities have many elements in common with my new role as Virginia ABC’s Chief Administrative Officer," Alfano said. “Working at the Federal Reserve for 18 years gave me a true appreciation for the value of working for an organization that has a public servant mission, and my work ethic, coupled with my drive for performance excellence, are attributes that align with the values at Virginia ABC.”
“Virginia ABC is invested in its continued growth as a top employer in the commonwealth, dedicated to public safety and responsible sale of alcohol, providing a consistent stream of revenue to the commonwealth,” said Chief Executive Officer Travis Hill. “David’s outstanding experience in finance, technology and human resources will contribute substantively to the authority’s progress, providing new perspectives and a solid framework to secure ABC’s position as a top retailer, wholesaler and regulator of the sale of distilled spirits.”
Prior to his work at the Federal Reserve, Alfano spent more than 11 years at Verizon’s Enterprise Solutions Group as controller and assistant controller. He led a division that was comprised of over 40 employees and was responsible for all aspects of accounting, financial reporting / analysis, budgeting and internal controls for the $1.2 billion Verizon subsidiary. He started his career in public accounting as an external auditor, prior to serving as an assistant controller for a commercial real estate developer.
Alfano graduated from Drexel University in Philadelphia with a Bachelor of Science degree in accounting and is a Certified Public Accountant.
The Virginia Alcoholic Beverage Control Authority (ABC) is a major source of revenue for the commonwealth, contributing more than $2.6 billion to the general fund in the last five years. Virginia ABC currently operates 396 state stores and provides alcohol education and prevention programs for people of all ages. Its Bureau of Law Enforcement oversees approximately 19,000 ABC licensed establishments. Now marking its 87th year, ABC remains committed to progress and innovation in carrying out its vision of bringing good spirits and excellent service to Virginia.
Web: www.abc.virginia.gov Facebook: @VirginiaABC and @SpiritedVirginia Instagram: @spiritedvirginia Twitter
New Chief Administrative Officer