December 20, 2017

City's Malley takes nonprofit post

Bonnie J. Malley

Bonnie J. Malley, the city of Hartford's chief operating officer the past 18 months, is returning to the private sector as finance chief for one of Connecticut's largest community hope chests.

Malley has been tagged to become vice president of finance and administration at the Hartford Foundation for Public Giving. She will have a key role in marshalling the foundation's financial, technological, and human resources needed to sustain current and emerging work, its president said Wednesday.

Malley's last day with the city is Jan. 11, a City Hall spokeswoman said.

According to a foundation spokesman, Malley will begin her new post in early in 2018, succeeding Virgil Blondet who the spokesman said is one of the foundation's longest serving staffers.

Mayor Luke Bronin recruited Malley to his administration shortly after his Nov. 2015 election. She officially joined the city in July 2016. She was previously executive vice president and chief financial officer for Phoenix Cos., until its $291 million merger with New York-based Nassau Reinsurance Group in June 2016.

Malley's city pay is $156,800 annually. The foundation spokesman said he had no information on her new salary.

Malley could not be immediately reached Wednesday for comment.

Bronin, in a statement, hailed Malley's financial expertise and management skills, especially during a period in which the city's financial woes escalated to the point that it flirted with filing bankruptcy and ultimately asked the state for a financial handout. Bronin said he named his chief of staff, Thea Montanez, as the city's interim operations chief.

"These are difficult jobs even in normal times, and all-consuming in times of extraordinary challenge, and I am grateful to Bonnie for her outstanding leadership and for two years of incredibly hard work,'' Bronin said.

Hartford Foundation, with more than $950 million in assets, provides charitable support directly and as a fiduciary on behalf of dozens of private-public foundations and donors to Hartford and 28 surrounding communities.

"I'm delighted to welcome Bonnie to our Foundation team," Hartford Foundation President Jay Williams said in a statement. "The depth of her experience in finance and administration and her long-standing commitment to our community will help drive our mission forward."

Malley also is board member of various local organizations, including the Connecticut chapter of the National Conference for Community and Justice, the MetroHartford Alliance, Hartford Promise, and The Connecticut Forum.

She also is a trustee of The Bushnell Center for the Performing Arts; and a founding member of United Way Women's Leadership Council.

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