Gov. Gina M. Raimondo and Rhode Island Commerce Secretary Stefan Pryor today announced the appointment of Scottye Lindsey as Rhode Island's next director of the Department of Business Regulation (DBR).
"I am laser-focused on improving our businesses climate so we can help existing businesses grow and encourage new businesses to create jobs here in Rhode Island," said Raimondo. "In just the past two years, we eliminated the corporate energy sales tax, lowered the corporate minimum tax and cut the unemployment insurance tax to save businesses $30 million a year. Scottye will be a great addition to the team to support and build on these efforts, and I'm excited we are able to bring his experience back to Rhode Island."
"Scottye's experience will be a tremendous asset to our team as we continue to make it easier to do business in Rhode Island," said Commerce Secretary Stefan Pryor.
Lindsey will replace Macky McCleary in this role. Gov. Raimondo named McCleary as the state's new administrator of the Division of Public Utilities and Carriers (DPUC), effective Sept. 5, 2016.
As DBR director, Lindsey will continue the Administration's work to make Rhode Island an easier and cheaper place to do business. He will directly oversee the implementation of state laws mandating the regulation and licensing of designated businesses, professions and occupations, among other activities.
Lindsey, a graduate of Brown University, comes to the administration after 18 years with Deutsche Bank, where his experience included leveraged and investment grade corporate loan portfolio monitoring, and lending assessment and approval. Lindsey is relocating full-time to Rhode Island and will reside in his home in Warwick.
"I'm profoundly honored to join Gov. Raimondo's tremendous team," said Lindsey. "Working with Secretary Pryor and the outstanding professionals at DBR, I look forward to building on the foundation established by my predecessor and continuing to make it easier to do business in the Ocean State."
Lindsey will begin work at DBR tomorrow, Nov. 1, 2016.