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Top Management Changes at Treasury's Financial Management Service

On May 31, 2006, Kenneth R. Papaj and Judy Tillman will assume new roles as Commissioner and Deputy Commissioner of Treasury's Financial Management Service (FMS), respectively. Mr. Papaj will succeed Commissioner Richard L. Gregg, who is retiring.

Treasury Secretary John W. Snow appointed Mr. Papaj and Ms. Tillman to these two senior executive positions. "I am confident that Mr. Papaj and Ms. Tillman will sustain the direction and high performance of the critically important operations of FMS in carrying out the day to day financial management of the federal government," Secretary Snow said.

Mr. Papaj has served as Deputy Commissioner since October 1998, and will succeed Commissioner Richard L. Gregg upon his retirement. Mr. Papaj has worked at Treasury for more than 32 years, serving in a number of management positions at the Bureau of Public Debt (BPD) including Deputy Assistant Commissioner, Securities and Accounting Services, Executive Director of the Savings Bonds Marketing Office, and Director of the Government Securities Regulations Staff. A member of the Chief Financial Officer's Council, Mr. Papaj participated in the Electronic Processes Initiatives Committee (EPIC), the Federal Credit Policy Working Group, and the Access America Steering Committee. Mr. Papaj has received two Presidential Rank Meritorious Executive Awards, and in 2003, he received the Presidential Rank Distinguished Executive Award. A native of Buffalo, N.Y., Mr. Papaj holds a bachelor's degree in political science from the State University College at Buffalo.

Ms. Tillman was FMS' Assistant Commissioner for Regional operations, where she was responsible for the production and release of government payments and associated information, as well as the management of four regional financial centers. Ms. Tillman has worked at Treasury for more than 32 years, splitting her career between the Internal Revenue Service (IRS) and FMS. At FMS, she has served in a number of management positions, including Assistant Commissioner for Financial Operations and Human Resources Director. While at IRS, Ms.Tillman held progressively more responsible technical and managerial positions. Ms. Tillman, a Summa cum Laude graduate of Glassboro State College in New Jersey with a degree in history, and holds a master's degree in human resource development from American University in Washington, D.C.

FMS is a bureau of the U.S. Department of the Treasury, primarily responsible for the collection of government revenues, federal payments like social security, veterans' benefits and tax refunds, debt collection and government-wide accounting. In the past year, FMS issued approximately one billion federal payments to more than 100 million people and collected more than $2.67 trillion of federal revenues.