Office of Governor Gary Locke
FOR IMMEDIATE RELEASE - May 2, 2002
Contact: Governor's Communications Office, 360-902-4136
Locke appoints members to Tobacco Settlement AuthorityOLYMPIA - Gov. Gary Locke today appointed Dick Swanson, Sue Painter, Randy Main, Carla Dewberry and Tom Corley to the state's Tobacco Settlement Authority. They will begin their terms effective tomorrow.
Authorized by the Legislature and signed into law by Locke on April 4, the authority will make decisions relating to the sale of $450 million in bonds from the state's tobacco settlement funds. The authority will be staffed by the state Housing Finance Commission.
The monies from the bond sales will be used to help balance the state's $1.6 billion budget gap.
Swanson, who will serve as chair of the authority, is a Seattle native and chairman of the board at HomeStreet Bank. At HomeStreet he has expanded the bank from a savings and loan association and mortgage banking firm to a regional full-service bank. In addition, Swanson is a director of the Federal Home Loan Bank of Seattle. A member of the Seattle Rotary and the Washington Roundtable, Swanson graduated summa cum laude from Harvard College and received a law degree from Stanford Law School. He will serve as chairman of the authority concurrent with the governor's term in office.
Painter, of Kent, is system director at Providence Health System. She is responsible for the treasury services of 27 institutions and related foundations of the multi-state, not-for-profit health care system. She was treasurer of Public Utility District No. 1 of Clark County from 1982 to 1988. Painter graduated from Portland State University in 1979 and received a master's degree in business administration from the University of Portland in 1983. Painter will serve a four-year term with the authority.
Main, of Seattle, is vice president and chief financial officer at the Fred Hutchison Cancer Research Center. His responsibilities at the center include all corporate financial management, budget development, research grant and contract administration, and risk management. Prior to joining the center, Main served as controller for Washington Physician's Service. Main, a certified public accountant, graduated from Western Washington University and received a master's degree in business administration from the University of Puget Sound. He will serve a four-year term with the
Dewberry, of Seattle, is a shareholder of Bennet Bigelow & Leedom, a private law firm specializing in corporate, tax and health care law. She has worked at the firm since 1986. A member of the Washington State Bar, the National Bar Association and the National Health Lawyers Association, she graduated from the University of San Francisco in 1980 and received her law degree from the University of California, Berkeley in 1980. Dewberry will serve a two-year term with the authority.
Corley, of Spokane, is president of Holy Family Hospital, a non-profit
multi-state hospital system. Prior to joining Holy Family Hospital in 1999, Corley held senior management positions with a number of hospitals in Missouri, Arizona and Washington. From 1986 to 1989 he was president of the Lourdes Health Network in the Tri-Cities where he restored the financial viability of the hospital system. A Peace Corps volunteer from 1969 to 1971, he was an assistant hospital administrator at a maternity hospital in Liberia. Corley graduated from Manhattan College in 1967 and received a master's degree in business administration from Temple University. Corley will serve a two-year term with the authority.
Members of the authority will not receive a salary, but will be reimbursed for their expenses.