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news release

P.O. Box 600
Trenton, NJ

Contact: Brendan Gilfillan

RELEASE: January 31, 2006

Office of the Governor


Corzine proclaims new appointees to cabinet

(Trenton) - Governor Jon S. Corzine today named Gary D. Rose to head the Governor's Office of Economic Growth and in addition serve as chair of the Governor's Economic Growth Council--a distinguished group of business and labor leaders who will provide advice to Rose and the Governor about the pragmatic steps needed to create jobs and expand business opportunities. Additionally, Corzine also named Steven M. Goldman as Commissioner of Banking and Insurance and Kris Kolluri as Commissioner of Transportation.

"To solve New Jersey's financial troubles we must not only cut spending but also attract private sector investment," Corzine said. "Gary Rose understands the economic factors that are important to businesses looking to invest or relocate; he will be tremendous leader--mobilizing state government to grow our economy."

Corzine went on to praise Goldman and Kolluri's leadership and experience, saying, "I'm pleased that we've been able to recruit two more outstanding commissioners who are excellent managers and have a terrific grasp of the pressing issues. Both Steve Goldman and Kris Kolluri understand the unique challenges facing their departments and have assured me that they are as eager as I am to get New Jersey back on track."

Rose is a 25-year veteran and retired partner of the investment banking division of Goldman Sachs. During his time with the firm he worked closely with corporate clients assisting in the execution of strategic transactions, mergers, acquisitions, and finances.  Rose earned a Masters in Business Administration from Harvard University, a Jurist Doctorate from Georgetown University and a Bachelor of Arts from the University of Pennsylvania. He lives in Short Hills with his wife. They have two grown sons.

"This position is about jobs, strategy and focus. We need to use all of our resources to fight for every good job all across our state," Rose said. This will require a strategic plan to focus those resources and that is where the Commerce Secretary and Economic Growth Council will be of great assistance. With that plan in hand, we intend to bring the perspective of economic development to every relevant area of state government."

Goldman is a senior member and 22-year veteran of Sills Cummis Epstein & Gross PC. During his time at the firm his focus has revolved around corporate law, focusing specifically on: mergers and acquisitions; banking and finance; joint ventures; and leveraged buy-outs. Goldman earned a Masters of Law in taxation from New York University School of Law, a Jurist Doctorate from the George Washington University School of Law and an Artium Baccalaureatus in political science from Boston University. He lives in Woodcliff Lake with his wife and they have three children.

"I'm eager to take on the challenges presented by the position," said Goldman. "I look forward to working with the Governor to move his agenda and the state forward."

Kris Kolluri has been counsel at Parker McCay P.A. since January 2005 and is the firm's principal attorney for oversight of client matters pertaining to transportation law. Previously he served as Assistant Commissioner and Chief of Staff of the Department of Transportation. While there, he was chief counselor to Commissioner Jack Lettiere on all policy and administrative matters, and worked closely with the legislature to reform the Division of Motor Vehicles. Kolluri earned a Jurist Doctorate from Georgetown University, a Masters in International Business from Johns Hopkins University and Bachelor of Science from Rutgers University. He lives in West Windsor and is married with two children.

"In a densely populated state like New Jersey, maintaining, expanding and ensuring the safety and security of our vast transportation system is not just a worthy goal, but a crucial duty," Kolluri said. "While many challenges are ahead, I am honored that Governor Corzine has asked me to join in his efforts to build a better New Jersey."  

The Chief of the Governor's Office of Economic Growth will oversee the development and implementation of a strategic business plan for New Jersey and coordinate the state's economic development efforts across all sectors and departments. The post will work hand in hand with the Secretary of Commerce to ensure that the state's economic development plan is implemented into all relevant ends and facets of state government.

The Department of Banking and Insurance is responsible for regulating the banking, insurance and real estate industries in New Jersey. The department ensures the solvency of insurance companies within the state; oversees the regulation of state-chartered depository institutions, mortgage bankers and brokers; and reviews applications from insurers looking to do business in New Jersey.

With 3,900 employees and a budget of $2.6 billion, the Department of Transportation is charged with the construction, operation, maintenance and management of the state's transportation infrastructure. There are 2,344 miles of state-maintained roadways and 2,454 state bridges in New Jersey.

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  P.O. Box 600
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  Last Updated:  July 14, 2011