Dallas Area Rapid Transit (DART) is pleased to announce that Elizabeth Reich has joined the agency as the new chief financial officer (CFO). A proven and distinguished finance leader, Reich will assume her new role and responsibilities on July 18, 2022.
A key member of the executive team, reporting to DART President & Chief Executive Officer Nadine Lee, Reich will lead the agency's accounting, financial reporting, budget, treasury, fare collections and fare payment systems, debt management, investment management, and risk management functions.
"We are thrilled to welcome Elizabeth to our leadership team at DART," said Nadine S. Lee, DART president & CEO. "She brings a diverse skill set to the agency, including deep financial experience, strong analytics, and a track record of achievement. She is the right leader to helm our talented finance organization and deliver a comprehensive strategic financial plan that will help drive our rider-focused vision for the future."
Reich comes to DART with more than 20 years of financial leadership experience. She joins the agency from the City of Dallas, where she served as the chief financial officer. This included leadership of Budget and Management Services, Procurement Services, Information & Technology Services, the City Controller's Office, and the Office of Data Analytics & Business Intelligence. The Bond Buyer
honored Elizabeth as a Trailblazing Woman in Public Finance in December 2021.
"These are exciting times for the North Texas region, and DART has developed an unparalleled vision and mission that I feel will make a real difference in lives of our residents," said Reich. "I'm looking forward to the opportunity to leverage all of my years of finance and business experience to play a role in helping deliver on this vision. I'm excited to work with the team to further strengthen the agency's financial growth to ensure that we can expand and develop greater mobility opportunities for our riders."
Prior to joining the City of Dallas, Reich spent 16 years with the Social Security Administration, taking on greater challenges and responsibilities including serving as the deputy regional commissioner of the Dallas Region and also serving as its chief financial officer.
Reich received her Master of Public Administration degree from The American University in Washington, D.C. in 2000. She is also a member of the Dallas Regional Chamber Executive Women's Roundtable, Women in Public Finance, and serves on the board of Broadway Dallas, previously Dallas Summer Musicals.