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Adam Barsky named chief financial officer of New York Power Authority

Barsky will continue as the unpaid chairman

 Barsky will continue as the unpaid chairman of the Nassau Interim Finance Authority. Credit: Danielle Silverman

Adam Barsky, chairman of a state oversight board that controls Nassau County’s finances, was named chief financial officer Tuesday of the New York Power Authority.

Barsky, 57, will remain the unpaid chairman of the Nassau Interim Finance Authority while serving in the full-time role at NYPA, the largest public power organization in the nation.

Barsky will oversee forecasting, budgeting and other financial activities, NYPA said. He will start Aug. 19 at a salary of $275,000. 

“This is an exciting time for NYPA and we need strong leadership,” said Gil Quiniones, NYPA president and CEO. “An experienced senior finance executive like Adam Barsky will be a valued asset as we continue pursuing our long-range strategy that will positively alter the energy landscape.”

"While I remain committed to the mission of the Nassau Interim Finance Authority," Barsky said in a statement, "I serve at the pleasure of the Governor and will continue to serve so long as the Governor wishes me to."

Gov. Andrew M. Cuomo appointed Barsky as NIFA chairman in March 2016. Barsky's term expired at the end of 2016, but he has continued to serve in the position. 

A representative for Cuomo was not immediately available for comment Tuesday afternoon.

Barsky serves as chief of staff and special counsel to the Port Authority of New York & New Jersey. He will resign that post, which pays a salary of $250,000, on Aug. 16, officials said. 

Barsky worked previously as executive vice president and chief risk officer of the Israel Discount Bank of New York in Manhattan.

NIFA does not prohibit board members from also holding state positions.

NYPA operates 16 power plants and more than 1,400-circuit miles of transmission lines. It is financed through the sale of bonds and electricity, officials said.

Barsky grew up in West Islip and lives in White Plains.

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