Michael Coroneos joins Vaughan as Chief Financial Officer and City Treasurer

July 3, 2018 9:00 a.m.
City of Vaughan

​Mr. Coroneos to lead Vaughan’s Finance portfolio

City Manager Daniel Kostopoulos is pleased to announce that Mr. Michael Coroneos will be joining the City of Vaughan as the new Chief Financial Officer (CFO) and City Treasurer.

Mr. Coroneos has more than 21 years of senior management leadership, operations and project management experience in the private sector. He has held several positions of progressive responsibility and most recently served as Chief Operating Officer with IBM Canada. There, Mr. Coroneos successfully led a business with revenues exceeding $1 billion, with responsibility for the overall financial, operational and marketplace execution of IBM Canada’s software group.
 
As CFO and City Treasurer, Mr. Coroneos will be reporting to the City Manager and will provide advice on all matters related to financial management and fiscal accountability for the City of Vaughan. He will oversee the development of the long-range financial plan as well as the development of policies and programs that support the growth of the City in a financially sustainable way.
 
The CFO portfolio includes Financial Planning and Development Finance, Procurement Services, and Financial Services. Each department is fundamental to ensuring all Vaughan employees can successfully undertake their workplace responsibilities, serve the competing needs of the broader community and deliver on the City’s unwavering shared mission of service excellence.
 
In this leadership position, Mr. Coroneos will serve on Vaughan’s Corporate Management Team, where he will undertake an important and collaborative role to work with his colleagues to set and achieve the overall strategic direction and goals of the corporation.
 
Mr. Coroneos’ first day with Vaughan is July 30, 2018. He succeeds Laura Mirabella, who was recently appointed Commissioner of Finance and Regional Treasurer with York Region.
 
QUOTE
 
“On behalf of the City of Vaughan, I want to congratulate and welcome Michael Coroneos to the Corporation as the Chief Financial Officer and City Treasurer. Mr. Coroneos is a trusted, experienced and committed business executive who will provide significant added value, strategic thinking and leadership that will help Council and our administration to make important and lasting city-building investments. Council is fiscally responsible and respects taxpayers’ hard-earned money. Vaughan has one of the lowest tax rates in the Greater Toronto Area. Since 2015, we have achieved approximately $30 million in savings. The selection of Mr. Coroneos to join the team of our remarkably committed and dedicated corporate staff is further proof that Vaughan continues to attract, recruit and hire the very best professionals. I look forward to working closely with Mr. Coroneos to build a more promising future for the people and businesses of Vaughan.”
- Mayor Maurizio Bevilacqua
 
QUICK FACTS
 
  • Mr. Michael Coroneos graduated from York University (Schulich School of Business) with a bachelor’s degree in of business administration.
  • Mr. Michael Coroneos is a Chartered Professional Accountant (CPA).
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