Barry Sullivan, the deputy mayor for finance and economic development for New York City, yesterday announced he has resigned from the post to head a Manhattan-based business trade organization.
Sullivan, who was appointed deputy mayor in March 1992, will succeed Ronald K. Shelp as president of the New York City Partnership and New York Chamber of Commerce. Shelp resigned last month "to resume his business career," according to a statement from the partnership.
In the administration of Mayor David N. Dinkins, Sullivan succeeded Sally Hernandez-Pinero as deputy mayor.
Sullivan, 62, is a prominent figure in the nation's banking industry, serving as a former chairman of First Chicago Corp. While with the city, he donated his yearly salary of $112,000, while earning $780,000 as a consultant for First Chicago.
Sullivan was recruited to work for the Dinkins administration by David Rockefeller, former chairman of Chase Manhattan Bank and the founder of the New York City Partnership.
"The Partnership is fortunate indeed to have persuaded Barry Sullivan to be its president," Rockefeller said in a press release.
"In light of his recent accomplishments as deputy mayor for finance and economic development in New York City, Barry is uniquely qualified to head the Partnership at a moment when public-private cooperation is so desperately needed to help find solutions to the city's critical social and economic problems," Rockefeller said.
The Partnership is a group of business, cultural, academic, and civic leaders whose goal is to improve the city's fiscal health through economic development and job creation.
Most recently, the Partnership and Chamber of Commerce have urged that the city consider several privatization proposals and operational reforms that it says would save the city $16 billion over 10 years.