IRS appoints new CFO

IRS appoints new CFO

She's no longer just acting; Eileen Powell is the IRS' new chief financial officer.

Previously, the tax agency's deputy CFO, Powell has been acting CFO since July when IRS commissioner Mark Everson appointed then CFO W. Todd Grams as CIO [see GCN story]. She had been in the deputy post since September 2001.

'Eileen brings a wealth of experience to the position that is critical for the success of the office and by extension, the agency,' Everson said today. He cited her experience implementing accounting and logistics systems at the Veterans Affairs Department, where she worked before coming to the IRS.

As CFO, Powell is responsible for the custodial accounting of $2 trillion in taxpayer receipts and the agency's $10 billion annual operating budget. She also is a principal adviser to Everson and his deputies on financial management and systems, strategic planning, performance measurement, budget formulation, budget execution and internal controls.

At the VA, Powell was the project director for the department's nationwide core accounting and logistics system. She was responsible for VA's franchise fund, purchase card program, automated travel management system and departmental accounting services. Powell has a bachelor's degree in accounting from the Virginia Polytechnic Institute.

About the Author

Mary Mosquera is a reporter for Federal Computer Week.

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